9 Healthcare Challenges Solved by Business Performance Management Tools

Discover how Performance Management Tools like ClearPoint Strategy tackle 9 key healthcare industry challenges, enhancing efficiency and patient care.
9 Healthcare Challenges Solved by Business Performance Management Tools
Discover how Performance Management Tools like ClearPoint Strategy tackle 9 key healthcare industry challenges, enhancing efficiency and patient care.

From evaluating your business processes to assessing your employee's performance, performance is important to manage. How do you do this without it becoming a full-time job? The answer is technology—performance management tools are changing the way healthcare organizations handle their biggest challenges.

With a performance management tool, healthcare providers can make their operations more efficient, improve patient care, and use resources better. Moving to a data-driven approach with a business performance management system is key to meeting the complicated needs of the healthcare industry. Let's look at how more than these top 10 major healthcare challenges can be addressed effectively with a performance management tool like ClearPoint Strategy.

How Does Performance Management in Healthcare Differ from Other Fields?

Performance management in healthcare is different from other sectors because it focuses more on patient care and meets strict regulatory standards. In other industries, performance is often measured by financial or operational success, but in healthcare, it's about patient outcomes, quality of care, and following legal guidelines. This means performance management tools in healthcare need to be able to handle sensitive health information, comply with regulations, and balance patient care with efficiency.

Using performance management tools in healthcare isn't just about analyzing data and employee feedback requests. It's about understanding the entire process of patient care; such performance management software can streamline patient care management and operational efficiencies.

The performance management systems used in this field need to be secure, user-friendly, and capable of helping healthcare workers make better decisions, improve the quality of care, and manage their work more efficiently, all while keeping patient information private and following healthcare rules and regulations.

Why Healthcare Strategic Plans Fail

In healthcare, strategic plans are extremely important, yet they often fail to meet their objectives. Understanding the causes of these failures is key to avoiding them. The reasons, which range from poor data use (resulting in inadequate employee insights) to a reluctance to change, are diverse and often interconnected. 

With that said, let's take a closer look at the challenges in the healthcare industry that can be solved by an effective performance management tool. We'll explore how tools like ClearPoint Strategy can transform these challenges into opportunities for growth and improvement in healthcare.

9 Challenges in the Healthcare Industry Solved by a Performance Management Tool

Addressing major challenges is essential for any healthcare organization looking to grow and stay competitive. Thankfully, performance management tools like ClearPoint Strategy tackle these issues head-on, offering solutions that turn potential failures into success stories.

  1. Inadequate data utilization for strategic decisions: Many healthcare strategies fail because they don't use data effectively. This problem is often due to a lack of access to complete, accurate, and current data, or the inability to properly analyze and understand the available data. The impact of not using data well is significant. For example, if healthcare providers don't have a clear picture of their patients' demographics and health trends, they may not allocate resources where they're needed most or may not offer services that specifically address their patients' needs.

    ClearPoint's performance management tool excels in transforming data into actionable insights, guiding strategic decisions that are informed, timely, and relevant.
  2. Rigidity and inefficiency in strategic planning: Many organizations still use rigid and outdated planning methods. These inflexible strategies often can't keep up with the modern healthcare system. As a result, these organizations find it hard to effectively tackle new challenges and seize opportunities. A major problem with rigid planning is its inability to quickly adapt or change strategies when needed. This lack of flexibility can result in missed chances, poor use of resources, and strategies that don't align with the current situation.

    ClearPoint introduces flexibility and efficiency with tools for performance management that adapt to changing conditions, ensuring strategies remain viable and responsive. Check out our in-depth guide to Healthcare Strategic planning and learn how to ensure success.
  3. Leadership and management inefficiencies: There is often a disconnect between leadership and frontline staff, which can result in strategic missteps. This gap often arises when leaders are not fully aware of the day-to-day challenges and realities faced by those delivering care directly to patients.

    ClearPoint provides leaders with a view of every level of operation within the healthcare organization. This visibility is crucial for ensuring that decisions are based on a complete understanding of the organization's functioning.
  4. Poor resource allocation and management: Misallocating resources, including finances, staff, equipment, and time, can undermine even the best strategies. Such misallocation often results in inefficiencies, with some areas having too many resources and others too few, affecting patient care quality and operational efficiency.

    ClearPoint helps ensure resources are used as efficiently as possible, enhancing their impact and reducing waste. ClearPoint offers detailed insights into current resource use throughout the organization. This information helps leaders make knowledgeable decisions about where to direct resources for the best effect.
  5. Inefficient processes and operational challenges: Poorly running operations can cause various issues, such as resource wastage, employee dissatisfaction, and lower quality of patient care. These problems usually arise from outdated procedures, manual tasks that take too much time, and unclear understanding of what needs to be improved.

    ClearPoint tackles these issues by making processes more efficient, automating everyday tasks, pinpointing areas that need improvement, and ensuring operations support strategic goals.
  6. Resistance to change and external market shifts: With frequent introductions of new technologies, treatments, and regulatory changes, being resistant to change can slow an organization's progress and its ability to deliver high-quality care.

    ClearPoint helps organizations stay flexible and responsive to ongoing changes. Our software provides solutions that can be adjusted to the challenges and requirements of each organization. Our performance management tools offer adaptable frameworks and metrics that can be customized, flexible business reporting, easy integration, and a design focused on the user.
  7. Customization challenges specific to healthcare: Healthcare organizations vary greatly, and a standard approach to strategy and management often isn't enough. Different healthcare providers, ranging from large hospitals to small clinics, each have their own specific requirements, patient demographics, and operational challenges.

    ClearPoint provides solutions that can be adjusted to the challenges and requirements of each organization. Our performance management tools offer adaptable frameworks and metrics that can be customized, flexible reporting, easy integration, and a design focused on the user.
  8. Compliance and regulatory challenges: Keeping up with these regulations is challenging, and failing to comply can result in legal issues, financial penalties, and reputational damage.

    ClearPoint helps by tracking changes in regulations, aids in standardizing procedures across the organization, supporting staff training and awareness programs, managing important documents and policies, and helping maintain high standards.
  9. Communication gaps and cultural misalignment: Many strategies fail not because of insufficient vision or resources, but due to communication gaps and cultural misalignments within organizations. These problems can lead to misunderstandings, goals that don't align, and a disjointed approach to meeting objectives.

    ClearPoint Strategy tackles these issues by improving communication at all levels of an organization. Our platform ensures smooth information flow, making sure everyone from top management to frontline staff is informed and aligned. This is especially important in sectors like healthcare, where team performance and effective coordination are critical.

Use Cases for Performance Management Tools like ClearPoint Strategy

Performance management tools are vital and ClearPoint Strategy is a great example, effectively used by Carilion Clinic in Roanoke, Virginia. Carilion, with its extensive network of hospitals and practices, relies on strong performance management for its strategic success.

With about 13,000 employees and over a million patient visits a year, it aims to align its many departments and providers. Their focus is on two main areas: audits and compensation. They have implemented a tiered payment system for both senior leaders and physicians, setting a base compensation and adding performance-based incentives.

Before ClearPoint

Initially, Carilion faced challenges with a problematic system that was prone to errors and inefficient in managing data. This made aligning organizational goals difficult. About seven years ago, Darren Eversole, the clinic's Director of Finance, chose ClearPoint to improve project tracking and performance management.

Current practices in managing performance

Now, Carilion works closely with department heads to set performance metrics and goals that encourage positive behavior and outcomes. They use a detailed scorecard system, extending from the overall clinic down to individual departments. This includes linking patient feedback to specific performance metrics, enabling a thorough analysis of performance at all levels. This approach helps Carilion provide incentives that positively impact patient care.

ClearPoint's impact on Carilion's data management

With ClearPoint, Carilion manages around 300 scorecards, offering a comprehensive view of performance across different levels of the organization. This system allows for identifying improvement areas and gaining insights.

Building a performance-focused culture

Incorporating performance management tools into Carilion's culture has been a key achievement. This setup helps every team member understand their role and its impact, leading to improved outcomes. Darren Eversole emphasizes the importance of clarity in understanding performance metrics for success. This focus on performance has been crucial in driving positive behaviors and results, making ClearPoint a vital tool in their strategy.

Check out our Customer Interview with Carilion Clinic

Are You Looking to Improve Your Business Performance Management? ClearPoint Strategy Can Help!

Looking to boost your organization's performance management? Turn to ClearPoint Strategy. With over 16 years of experience, our platform uses advanced technologies to streamline your strategic planning and execution. We're experts at converting complex data into clear, actionable insights, making your decision-making process more straightforward and effective.

At ClearPoint, we are your strategic partner. Our expertise in performance metrics and strategy frameworks is particularly suited for the healthcare sector. Our platform is easy to use and focused on the customer, helping you manage business performance more effectively.

Want to transform the way you run your business? Start a free demo or get in touch with us and turn your performance management into a key strength for your organization.

Use Case: Healthcare Quality Improvement
Quality Improvement Use Case Download
Mra
MRA
Mra
9 Healthcare Challenges Solved by Business Performance Management Tools

Matt Pennypacker

Senior Account Executive & Huge Tennis Player

Matt generates new business and facilitates the sales process from lead generation all the way to the completion of a sale.