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Investment strategies with BI – demonstrating dominance and strengths

By Prime Care Tech Marketing on Tue, Feb 23, 2016 @ 06:50 PM

iStock_000059860960_Small.jpgNothing tells a good story better than relevancy, accuracy, and timeliness. When it comes to seeking investments on the best of terms, there’s no better way to tell the story than through the use of BI-generated Key Performance Indicators (KPIs). In the past, we have identified how BI can help you more effectively monitor and manage your operations.  But, did you know that BI can also serve as a great resource for communicating your market dominance and strengths? It’s transparent. It’s current information delivered when and how you need it – automatically.

Ray Tyler, Health Services Management’s COO, reports that “one of the biggest advantages to Business Intelligence is our ability to…quickly prepare and submit reports to key stakeholders, such as REITs. We can view and report on actual-to-budget (performance).”

Along with demonstrating company background and experience, uniqueness, and business model effectiveness, providers have to know their numbers. BI helps them significantly by automating reports and KPI views. Because they don’t have to prepare reports manually, executives have more time to conveniently familiarize themselves with those numbers. They can know the “what’s” and “why’s” quickly.

As Dean Kiklis, CFO for Frontline Management, stated recently, “The dashboard helps us to know what is happening in each of our buildings every single day….(Because) it’s up to date…, we don’t have to wait for someone to create reports for us.”

Further, BI makes it easy for executives to trend and report their companies’ performance year over year. BI can also help prospective investors evaluate provider revenue streams and other critical cash flow information.

Creating context? BI can help there as well. NIC’s Skilled Nursing Data Initiative is one way participating providers can compare their operations against national benchmarks. Thus, they are able to demonstrate their strengths and dominance within the markets they serve.

How has BI helped you in managing and promoting your company to investors?

Topics: business intelligence, KPIs, 2016 investment opportunities, skilled nursing data initiative, investors, stakeholders, trend and report

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