Business Intelligence Management Perspective (McKinsey & Company)

According to McKinsey journal that is associated with the topic of Business Intelligence in Management Perspectives, Business Intelligence does impact the revenue of a management quality. According to the McKinsey journal “Enhanced IT capability brings business insights and boosts revenue by $150 million a year.” In this case applying a business intelligence solution to identify insufficient coding  and to identify individual providers with below-average coding quality. While analyzing the data’s Mckinsey team identifies key components to improve the quality. Resulted that by establishing a unified database and an automated business intelligence solution will enable high-performance data, design and validate rules for the identification, prepare and execute quarterly campaigns to identify and reach out. By applying this the new tools and processes triggered additional revenues of more than $150 million per year. the enhanced IT capability enables to gain valuable insight from high-performance data analysis across the whole organization. Solutions are now available in seconds, rather than hours or days. By knowing and executing BI the right way it is proven that it will resulted in better performance and management for the companies that need improvements. And for this case not only Business intelligence enables improved revenue management but also improves coding quality.

Reference: https://www.mckinsey.com/industries/healthcare-systems-and-services/how-we-help-clients/business-intelligence-enables-improved-revenue-management-and-coding-quality