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In the past, it was sufficient for hospitals to care for patients and bill payers for their services. But in today's highly regulated, rapidly changing, and increasingly competitive and cost-controlled environment, this is no longer enough. Issues such as quality, outcomes, consumerism, and high levels of attention to the cost and value of care have placed demands on hospitals to capture and analyze unprecedented amounts of data about their clinical and financial performance. For healthcare organizations to survive and prosper in today's environment, they must be able to leverage the data from their transaction systems through the use of analytics to create actionable information about their organizations and operations. This combination will allow them to achieve the highest possible levels of clinical, operational, and financial performance.
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