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Improve your bottom line through an effective operational data base
Analytics have the power to transform your organization and as a result, the community around you. The Operational Data Base (ODB) equips healthcare organizations with reliable financial and operational data to optimize employee productivity, supply utilization, and cost reduction without compromising care quality. Vizient leverages its extensive network and expertise to deliver actionable analytics that drive strategic planning and measurable results, helping hospitals adapt and thrive in an evolving healthcare landscape.
Learn how the Operational Data Base provides financial and operational analytics that identify opportunities to improve performance, reduce costs, improve budgeting and pinpoint top performers.
Key benefits of ODB:
- Pinpoint variances in your labor and supply expense performance
- Transparently benchmark against hospitals of your choosing
- Identify insights to support budget projections and staffing requirements
- Prioritize performance improvement and cost optimization initiatives
- Connect to networking opportunities among participants to facilitate dialogue and best practice sharing
A comprehensive cost-savings solution to help improve profitability
Empower your organization to more effectively use comparative operational data to help drive necessary change. We provide expertise, insights and resources to help you focus on the most relevant areas of opportunity for long-term success.
Data and benchmarks
- Annual and quarterly comparative information
- Actual and normalized data
- Industry-leading methodologies
- Standard and customized comparison groups
- Ability to benchmark against self-selected systems
- Pinpoint variances in labor and supply expense performance
Learning, support and training
- Uncover insights with the help of dedicated product advisors
- Direct networking opportunities among peers
- Case studies that identify how members are using data from the ODB
Analytics and insights
- Operational dashboard
- Performance improvement reports
- Quarterly data quality reviews
- Custom and integrated analytics
Related information
Workforce optimization
Using a combination of transparent data and culture and engagement survey results, we identify opportunities to improve recruitment; increase retention, engagement and productivity; and reduce workforce costs.
Clinical Data Base
Through a single platform, the Vizient Clinical Data Base allows members to measure quality and financial performance compared with other hospitals.
Clinical decision analytics
Get visibility into resource utilization at the provider level can be elusive but necessary to pinpoint areas of opportunity and implement widespread change.