CSBI HFMA NEW EXAM WITH COMPLETE SOLUTIONS
100% VERIFIED!!
What has changed for Healthcare Analytics? - ANSWER 1 - Increased computing
power and storage, decrease in cost;
2 - increased abundance of data in healthcare;
3 - increase in individuals having strong competencies
Big Data - ANSWER Refers to the Growth in available data, massive continually
increasing volume of live and stored data for analysis; and the increase in tools
available for highly sophisticated ways to combine and analyze data to yield new
information and insights. (Size Scope Speed)
Big Data View Points - ANSWER Focused, Broad, Medium
Focused Viewpoint - ANSWER Allows one to know the work or business in detail
Broad Viewpoint - ANSWER Allows one to understand all the industry pieces and the
background influencers
Medium Viewpoint - ANSWER Allows one to know how one's business or work fits with
the other pieces and how the other industry components fit and work with each other
NKBDSI - ANSWER Nursing Knowledge Big Data Science Initiative
NKBDSI Organization - ANSWER National organization committed to developing,
implementing, and guiding a dynamic plan of action that ensures nursing data are
captured and available in sharing, comparable formats to help improve health
,outcomes.
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
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
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 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.
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 data produced by process activities that are the subject of
analytics activity.
Continuous, iterative exploration on individual aggregate situations (e.g., patient
lengths of stay, resource management, revenue cycle acceleration, supply chain
management) throughout a course of care over time that answers certain questions,
what actions are needed, and what is the best that can happen, is known as:
A.Descriptive analytics
B.Predictive analytics
C.Prescriptive analytics
D.Iterative extrapolation
C. Prescriptive analytics
Explanation: Prescriptive analytics uses the meaningful information derived from
ongoing exploration and the probabilities identified to establish a course of reasonable
action.
Any business organization, including a healthcare provider organization, is structured
as three main functional areas: operations, marketing, and finance. Why is it important
to understand this basic structure for business intelligence/analytics?
100% VERIFIED!!
What has changed for Healthcare Analytics? - ANSWER 1 - Increased computing
power and storage, decrease in cost;
2 - increased abundance of data in healthcare;
3 - increase in individuals having strong competencies
Big Data - ANSWER Refers to the Growth in available data, massive continually
increasing volume of live and stored data for analysis; and the increase in tools
available for highly sophisticated ways to combine and analyze data to yield new
information and insights. (Size Scope Speed)
Big Data View Points - ANSWER Focused, Broad, Medium
Focused Viewpoint - ANSWER Allows one to know the work or business in detail
Broad Viewpoint - ANSWER Allows one to understand all the industry pieces and the
background influencers
Medium Viewpoint - ANSWER Allows one to know how one's business or work fits with
the other pieces and how the other industry components fit and work with each other
NKBDSI - ANSWER Nursing Knowledge Big Data Science Initiative
NKBDSI Organization - ANSWER National organization committed to developing,
implementing, and guiding a dynamic plan of action that ensures nursing data are
captured and available in sharing, comparable formats to help improve health
,outcomes.
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
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
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 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.
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 data produced by process activities that are the subject of
analytics activity.
Continuous, iterative exploration on individual aggregate situations (e.g., patient
lengths of stay, resource management, revenue cycle acceleration, supply chain
management) throughout a course of care over time that answers certain questions,
what actions are needed, and what is the best that can happen, is known as:
A.Descriptive analytics
B.Predictive analytics
C.Prescriptive analytics
D.Iterative extrapolation
C. Prescriptive analytics
Explanation: Prescriptive analytics uses the meaningful information derived from
ongoing exploration and the probabilities identified to establish a course of reasonable
action.
Any business organization, including a healthcare provider organization, is structured
as three main functional areas: operations, marketing, and finance. Why is it important
to understand this basic structure for business intelligence/analytics?
