CSBI HFMA EXAM WITH CORRECT ACTUAL
QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS LATEST 2024 – 2025
ALREADY GRADED A+
Common mistakes made by BI analysts - ANSWERS-1- sophistication
compensating for lack of data
2-difficulty finding and explaining patterns in data
3-equating correlation with causation
Prioritization Metric Chart (PMC) - ANSWERS-tool enables a prioritization that
allows tradeoff decision making about what to work on with limited resources.
Helps ensure that important items are not obscured by items of great weight or
urgency.
Opportunity Prioritization Analysis - ANSWERS-Steps 1 - List items and classify
within ASAA
2 - Weigh each characteristic as a fraction of 1.0
3- Rate each item's performance from 1 to 5
,4- Multiply ratings by the weight to obtain item score
5- Compare scores to see priority focus area
6- Analytics of all three types are developed and in use
Areas of Significant for Analytic Application (ASAA) - ANSWERS-1-Asset intensive
2-Labor intensive
3-Depend on speed and timing
4-Reliant of consistency and control
5-Distributed decision making
5-Cross functional/cross business
Cross functional/cross business - ANSWERS-Scope that drives multiple
departmental or business unit collaboration or effects
Focused Viewpoint - ANSWERS-Enables one to know the work or business in
detail
Broad Viewpoint - ANSWERS-Enables one to understand all the industry pieces
and the background influencers
Medium Viewpoint - ANSWERS-Enables 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 - ANSWERS-Nursing Knowledge Big Data Science Initiative
NKBDSI Organization - ANSWERS-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.
What has changed for Healthcare Analytics? - ANSWERS-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 - ANSWERS-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 - ANSWERS-Focused, Broad, Medium
Small Data - ANSWERS-A volume and format that makes it very readily accessible,
informative and actionable.
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