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Productivity is generally assessed by A.Benchmarking how many inputs are required B.Looking at the raw number of increased products and services offered C.Looking at the ratio of outputs to inputs D.Looking at market share - correct answer ✅C. Looking at the ratio of outputs to inputs Explanation: Productivity is a focus on how much input is required for desired quality output. Which of the following is part of the iterative process of creative analytic thinking. A.Ideation B.Insight C.Distribution D.Incapacitation - correct answer ✅B. Insight Explanation: BI/Analytics consultants will be asked to address situations like that in the following example. Although it is a simplified slice of the real thing, the example illustrates processes
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and areas needing attention to avoid turns in the wrong direction, or bad and possibly misleading results. It is an iterative process of creative analytic thinking/preparation/ immersion/incubation/insight that the BI/ Analytics consultant must engage. Following the foundational work of understanding the type of work done in different functional areas, learning who the stakeholders are and what their concerns and issues are, and developing a plan to address stakeholder concerns, the next step in business analytics is to: A.Examine the market environment. B.Begin identifying the type(s) of data required to conduct analysis. C.Conduct research of similar past concerns to identify potential starting points. D.Develop an understanding of the processes and data that will be involved in analysis. - correct answer ✅D. Develop an understanding of the processes and data that will be involved in analysis. Explanation: One must develop an understanding of the processes that produce or use data and information, along with an understanding of the actual data, as it is both process activity and
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A.This structure provides a handy means of comparing organizations. B.This structure properly focuses business intelligence into operations and provides the boundaries of business intelligence activity. C.This structure provides direction for simplifying business analytics. D.This structure encourages a holistic, systemic framework for business analytics. - correct answer ✅D. This structure encourages a holistic, systemic framework for business analytics. Explanation: Analytics addresses the dynamics and realities of interacting domains and requires a systemic view for context and accuracy of findings. The key idea is focus -- recognition that organizational attention must be paid to all three functional areas creates focus needed for sustainable success. Which option is NOT a goal that should be kept in mind when displaying information in meaningful and usable ways to guide decision-making? A.Highlight the importance and meaning B.Use pictures
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C.More words, less graphics D.Less is more - correct answer ✅C. More words, less graphics Explanation: Edward Tufte, the globally renowned leader in the visual display of information, outlines nine simple key points which include: showing the data, avoid distorting what the data has to say and encouraging the eye to compare different pieces of data. Select which option is NOT part of the iterative process of creative analytic thinking. A. Preparation B. Immersion C. Balance D. Incubation - correct answer ✅B. Balance Explanation: BI/Analytics consultants will be asked to address situations like that in the following example. Although it is a simplified slice of the real thing, the example illustrates processes and areas needing attention to avoid turns in the wrong direction, or bad and possibly misleading results. It is an iterative process of creative analytic thinking/preparation/
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C.Difficulty in isolating and explaining patterns in the data, ignoring the processes under the data, and the fallacy of "explaining everything one detects." D.Sophistication compensating for a lack of data, difficulty finding and explaining patterns in the data, and equating correlation with causation. - correct answer ✅D. Sophistication compensating for a lack of data, difficulty finding and explaining patterns in the data, and equating correlation with causation. Explanation: The key point is that as business intelligence/analytic work increases and there is pressure to move more quickly, one needs to move cautiously and thoughtfully. In an attempt to explore everything, one often detects randomness or "noise" in the system that is mistakenly thought to be meaningful. These three large-scale mistakes destroy the credibility of an analysis. Traditionally, the healthcare delivery continuum is structured as: A.Physician-dominated B.Patient-centric C.Provider services-centric D.Payer-and-fee-for-service-centric - correct answer ✅C. Provider services-centric
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Explanation: The traditional healthcare perspective is "what services do we provide and where do we provide them?" This perspective has led to a system focused on acute-care treatment. Prescriptive analysis is an emergent area that uses hybrid data to: A.Predict what will happen B.Diagnosis problems C.Correct misapplication of descriptive analysis D.Indicate what should be done - correct answer ✅D. Indicate what should be done Explanation: Predictive analysis uses hybrid data (which might include historical, real-time, internal or external, structured or unstructured, and others) with business rules and mathematical models to indicate what should be done. The following options are attributes surrounding databases and reporting applications. Select the correct options and select See Results. A. A decision-support function involving the framing and formatting of reports and relatively basic descriptive analytics, if any analytics at all
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opportunity-potential markets and become reluctant to integrate or connect. An essential skill that business intelligence professionals exercise in working with data selected for an analytics project is: A.Ongoing questioning of the data's relevance, accuracy, and completeness B.Confirming data is accurate C. Understanding how data systems operate D.Defining the limits of analysis based on data characteristics - correct answer ✅A. Ongoing questioning of the data's relevance, accuracy, and completeness Explanation: If questioning of data does not arise naturally among data users, then a critical aspect of one's work is to make sure it does. What is the significance of the list of six leadership styles: authoritative, affiliative, democratic, coaching, coercive, and pacesetting? A.It identifies preferred types of leadership styles in priority order. B.It identifies the leadership styles appropriate and not appropriate to today's business environment.
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C.It is a roadmap to leadership development as an executive. D.It shows how to exercise influence and stimulate action in different circumstances. - correct answer ✅D. It shows how to exercise influence and stimulate action in different circumstances. Explanation: Leadership at heart is about influencing and stimulating action. All of the above styles are integrated in a strong leader. This diagram is a graphic representation of what? A.Proposed legislative reorganization of healthcare B.Healthcare payers' risk continuum C.Physician, guidance on appropriate treatment modalities D.The traditional healthcare services continuum - correct answer ✅D. The traditional healthcare services continuum Explanation: Healthcare delivery is performed within the context of a continuum that meets the needs of individuals' health conditions. Displayed here are possible opportunities for healthcare services
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C.Performance improvement and process alignments D.Market understanding and products and services alignment - correct answer ✅B. Increased decision-making capacity and performance improvements Explanation: The primary outcome and power of business intelligence is the ability to steer a course for the future. This ability is contingent upon strong decision-making capability and the capacity to adjust operations to improve performance. A powerful vehicle designed to encourage coordination of provider services: A.The Provider Services Coordination Agency (PSCA), a new healthcare regulatory body with the authority to institute penalties. B.Accountable Care Organizations (ACOs) C.Consumer Healthcare Boards (CHBs) D.Physician-Payer Relations Circles (PPRCs) - correct answer ✅B. Accountable Care Organizations (ACOs) Explanation: ACOs can incentivize provider participants to coordinate all components across the continuum.
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Professionalism in developing and utilizing business intelligence carried a special obligation. This special obligation is: A.To protect all private healthcare information (PHI). B.To provide only the data requested in the reporting form requested. C.To teach and lead others in the power of the tools. D.To be knowledgeable about upcoming technology innovations. - correct answer ✅C. To teach and lead others in the power of the tools. Explanation: The special obligation is an ethical one: to use the specialized knowledge and expertise to add value by teaching and leading others in the power of the tools and seeking out new questions, directions, and ways to leverage organizational data and information. Predictive analysis is the practice of: A.Foretelling the future B.Establishing monitoring systems C.Providing probabilities of future outcomes based on what is known through existing data and select rules
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A. Decision support is concerned only with finance and supply chain operations. B. Decision support needs to discern cross-functional relationships, interconnectedness, and interdependencies when conducting analytics. C. There are areas such as general administration with which decision support will likely never be involved. D. Decision support needs massive resources - correct answer ✅B. Decision support needs to discern cross- functional relationships, interconnectedness, and interdependencies when conducting analytics. Explanation: The processes and data (utilized and produced) are generally cross-functional and interconnected. Without this understanding, the full impact of any business analytics is limited. Sampling is a fundamental feature of experimental design in business analytics. The primary purpose of sampling is to: A.Make inferences about a larger population. B.Narrow the analysis activity. C.Limit generalizations.
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D.Simplify reporting categories - correct answer ✅A. Make inferences about a larger population. Explanation: The population may be too large to test in its entirety. If so, a representative group or sample is needed. Sampling is a process for selecting smaller sets of data from a larger whole and making sure that the smaller sets are representative (maintains the fundamental characteristics) of the whole. Business intelligence consultants employ knowledge, expertise, and communications competency to pursue the primary goal of: A.Helping the organization discover process flaws. B.Identifying appropriate resources for existing capabilities. C.Preserving successes. D.Identifying opportunities to move forward. - correct answer ✅D. Identifying opportunities to move forward. Explanation: The primary goal of business intelligence consulting is to provide the knowledge and understanding for the organization to move forward. The primary goal is , developing an actionable future
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Explanation: Preference-sensitive care is where the course of care selection and frequency is driven in large measure by physician preference and opinion, which are driven by different incentives. What is the fundamental purpose of engaging in business analytics? A.To create accurate intelligence about competitive factors B.To protect the organization's cash position C.To understand what is happening and determine how best to move forward D.To assess organizational products and services viability - correct answer ✅C. To understand what is happening and determine how best to move forward Explanation: The heart of analytics utilization is knowing what is occurring, internally and externally, to the organization. Once these realities are grasped, attention can then be turned to how to respond moving forward. The purpose of a "medical home" is to: A.Keep all personal medical records in one location B.Foster long-term relationships with specific clinicians
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C.Provide healthcare users with a point of coordination across the continuum starting with prevention. D.Expedite billing by centralizing claim submission locations. - correct answer ✅C. Provide healthcare users with a point of coordination across the continuum starting with prevention. Explanation: The coordination of care means that proper care and follow-up are delivered to the patient. This coordination is designed to achieve high-value outcomes by correcting the inefficiencies and high costs of disconnected health care. The following options are attributes surrounding databases and reporting applications. Select the correct options and select SUBMIT A. Insufficient to reveal the information needed for powerful decision-making B. Work has been patient focused in nature C. Often is still performed within the silos of individual process applications D. Provides all the information needed for powerful decision- making
