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BKD Analytics

Business Data Analytics & Monitoring

With multiple systems, varying formats and the sheer volume of data generated daily, deciding where to start can be a challenge.

See how BKD can help

Taking Your Data from Invisible to Invaluable with Right-Sized Analytics Solutions

Your organization generates impressive amounts of data every day—and most of it remains hidden. But just because you can’t see it doesn’t mean it’s not there. If handled right, your data can reveal important facts, trends and patterns that can provide invaluable insights into your organization.

BKD Analytics professionals have been developing leading-edge data analytics solutions for years. We can use your data to help you enhance marketing strategies, develop competitive advantages, open up new revenue opportunities, reduce risk and improve operational efficiency.

Analyzing organizational data can be overwhelming. With multiple systems, varying formats and the sheer volume of data generated daily, deciding where to start can be a challenge. Our team of experienced professionals can help your organization build a successful, sustainable data analytics program. Our approach can help focus your team's efforts, achieve quick results and deliver value.

Do you have any solutions for me?

We recognize our clients have challenges ranging from general risk to industry specific issues. Whether you’re looking for an off-the-shelf service or a customized package, our team of professionals will work with you to develop solutions for your organization.

Proactive Fraud Analytics

Data analytics is one of the most effective anti-fraud controls, yet only a third of organizations use it. According to the Association of Certified Fraud Examiners 2020 Report to the Nations, the median loss due to fraud in the 2,504 cases studied was $125,000. Losses range from small expense reimbursement fraud to asset misappropriation to multimillion-dollar corruption schemes. No matter what fraud scheme you’re facing, we have the solutions to address it.

  • Purchasing Card
    Purchasing cards—also known as corporate credit, procurement, or travel cards—have empowered employees to make purchasing decisions. They’ve also exacerbated fraud, waste, and abuse. Our team of analysts and Certified Fraud Examiners can effectively leverage the data-rich nature of purchasing cards to help identify high-risk transactions throughout the population.
  • Vendor Risk
    Monitoring vendor activity plays a key role in managing fraud risk. Nearly all top fraud schemes involve cash disbursements, most of which run through an organization’s vendors and accounts payable. BKD’s proprietary vendor risk analytics solution can provide you with an overall vendor risk score to help identify the high-risk vendors in your organization.
  • Payroll
    From hourly time records and weekly payroll to email, social media, internet and computer use, workforce management is laden with data. “Enterprise amnesia”—missing out on potentially unknown data—can significantly limit your decision making. BKD’s workforce analytics solution can help you identify employee- and payroll-related risks and make informed decisions.

Financial Institutions

  • Bank Employee Account Review
    Examiners encourage banks of all sizes to review employee accounts for risk, but without an efficient method for leveraging data, banks often resort to time-consuming manual procedures. BKD offers a different approach. Our employee account review service uses the power of data analytics to automate the review process and provide organized data.
  • Loan Portfolio Analytics
    Loan portfolios represent the lion’s share of assets for many financial organizations, but they also can pose risks to financial safety and viability. What are you doing to protect your loan portfolio? While most approaches to loan risk focus on sampling and large credits, BKD uses forensic data mining to analyze the entire portfolio to help you manage fraud risk.
  • CECL Model Validation
    Although Accounting Standards Update (ASU) 2016-13 doesn’t prescribe the methods used in determining a CECL allowance, the models must be validated to assess whether the model outputs are accurate and the model abides by the principles of the ASU. At BKD, we’ve already helped institutions across the country validate their CECL models and have the knowledge and experience you require to remain confident in your model selection.
  • Model Risk Management
    BKD’s model validation services can provide an “effective challenge” to assess whether a model is performing as expected and is in line with the design objectives and business uses. Our model validation consists of three elements:
    • Evaluation of Conceptual Soundness
    • Ongoing Monitoring
    • Outcomes Analysis

Healthcare

  • BKDpulse for Community Health Centers
    Understanding your market is crucial for growing wisely—so we want to provide you with accurate information to help you make decisions for better financial performance. BKDpulse houses data from existing market tools in one place, including 16 key financial data points from audit reports. This dashboard suite solution can help provide invaluable information for your organization’s continued success.

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  • BKDpulse for Post-Acute Care Providers
    Understanding your market is crucial for growing wisely. BKDpulse for post-acute care providers can help you better position yourself in the market through key metrics. See how you compare to your peers by episode volume, readmission rates, hospital and physician referrals, and service line breakdowns. We also bring in quality measure data to help you further dive into your quality of care.
  • Service Line Analysis
    There are myriad variables that affect healthcare institutions’ financial margins. BKD’s service line analysis can combine this disparate data into one easy-to-use visualization tool to help make the most of limited resources leading to improved outcomes and margins. We’re ready to help you quickly pinpoint which locations/sites, service lines, physicians, and more are doing well or need additional assistance.
  • Denials Management
    BKD’s analytics and denials management services help provide many benefits to your organization, including:
    • Increased visibility into your financial and operational performance
    • Reduction of preventable operational issues affecting claim payment
    • Strategically prioritized organizational initiatives
    • Understanding of your performance compared to industry benchmarks
  • Revenue Cycle Dashboards
    Our analytics platform will ingest your weekly data and display results through our interactive, web-based dashboards. With near-real-time access to your key metrics, including A/R, revenue, charges, and billing, you’ll be able to view trends and understand your performance using intuitive data visualizations. Your team can quickly diagnose problems, identify opportunities, and develop action items to improve your medical revenue cycle performance for both hospital and physician settings.
  • Exclusion Testing
    Individuals and organizations that don’t play by the rules can be excluded from participation in federal healthcare programs such as Medicare—and organizations that do business with these excluded parties are at risk. Using BKD’s proprietary algorithms with flexible logic you control, we can compare your physicians, employees, vendors, and other business associates with these lists of excluded parties to bring these risky relationships to light.

 

Higher Education

  • Program Economic Analysis
    Program Economic Analysis (PEA) is an affordable, analytical solution that assists institutions as they evaluate the financial contribution of each student, section, course, department program, or campus. This platform solution includes:  
    • Interactive PEA dashboards
    • Focus on programs (majors) economics/margin analysis
    • Review of trends and forecasts for your programs
    • Assessment of economics and financial performance

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  • Academic Portfolio Review
    Academic Portfolio Review (APR) uses robust industry data to review the external demand for your current and potential new programs to help you decide which programs to start, stop, sustain, or grow. Features and benefits include:
    • Access to robust market demand data
    • Facilitated process to help you understand the information
    • Experienced advisors who will help guide you through the process
    • Custom scoring system to fit your institution

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  • Financial & Scenario Modeling
    Financial and scenario modeling is a dynamic, agile forecasting tool that helps higher education leaders visualize the institution’s financial future based on tailored strategic scenarios. Benefits include:  
    • Comparison of the financial forecasts and ratios of multiple initiatives and scenarios
    • Stress test strategic decisions in real time
    • Forecast multiple initiatives at the same time

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  • BKDpulse for Higher Education
    Higher education institutions have an abundance of internal data. However, external data may be spread across many different sources, time consuming to consolidate, or limited in its ability to provide insights as displayed. BKDpulse can provide immediate insights without your staff’s assistance. Compare your institution to others by using an intuitive tool designed for a range of metrics, including admissions, enrollment and retention, awards and graduation rates, tuition and aid, financial metrics, and more.

Manufacturing & Distribution

  • BKD Optics
    Your data tells a story—one that can help you interpret the value drivers of your business and stay ahead of your customers’ ever-changing needs. However, compiling and analyzing this data can be time consuming and challenging. BKD Optics can help.

    Our BKDnext® advisors and business data analytics professionals offer a unique approach to help you develop a competitive advantage, reduce risk, and increase the value of your business. In addition, your customized dashboard can help you make strategic decisions to focus efforts on customers and markets that grow and sustain your business.
  • BKD Financial Recovery Services
    Our families, businesses, and nation face massive, unprecedented change. Through a business planning framework called BKD Financial Recovery Services, we can help clients evaluate short-term options so they can see long-term opportunities. Our goal is for you to not only survive today—but thrive tomorrow. Through a three-step process, we can quickly assess your business and help create an action plan focused on practical next steps.

More Services

  • Artificial Intelligence-Based Risk Analytics
    BKD’s artificial intelligence (AI) systems leverage cutting edge and proprietary technologies to identify risk conditions, spot opportunities, and model uncertainty.  Since organizations are so complex, standard linear analysis falls short - BKD's ability to perform AI-based detection, scenario analysis, and simulations that account for the true nature of an organization will generate insights not possible through standard analytics.
  • Corruption Risk Analyzer
    Corruption accounted for 38 percent of fraud cases in the Association for Certified Fraud Examiners 2018 Report to the Nations. Corruption is typically off the books, which makes detection and prevention a challenge. Combining structured analytics and unstructured data analysis, BKD’s Corruption Risk Analyzer can help identify high-risk vendors and employees in your organization.
  • Emotion & Sentiment Analysis
    Emails, text messages, and social media posts can speak volumes about the author’s emotional state. Detecting certain sentiments early on can help mitigate, and sometimes prevent, crises in your organization. BKD’s emotional tone detection system and sentiment analysis services can be tremendously beneficial in investigations, litigation, and risk management.
  • Reputational Risk Monitoring
    With the prevalence of social media, it’s important to identify reputational risks before they become critical issues. BKD’s reputational risk monitoring platform provides a mechanism to analyze happenings in the social media world and monitor the conversational tone about your organization online. We have the tools to help you mitigate threats before they become full-blown crises.
  • Financial Statement Analytics
    Purchasing a company isn’t simple, and obstacles should be expected. Depending on the size, structure, and sophistication of the target, you may expect to find potential roadblocks related to the relevance, accessibility, and integrity of underlying financial data. Without a way to overcome these obstacles, the buyer risks erosion of investment value as a once potentially successful transaction veers off course. BKD Analytics’ four-step process can help you navigate these obstacles. Key process features include:
    • Data Extraction
      Our approach bypasses potential constraints by extracting data directly from your system.
    • Revenue & Cost Accumulation
      With raw data in hand, we accumulate revenue and cost data and assign it to the underlying activities of the target, resulting in a more accurate picture of the target’s economic value.
    • Economic Understanding
      After obtaining revenue and cost information, we create a new view of the target built upon cost-driving activities, not aggregate financial information. This leads to cross-sectional insight into profitability across different areas of your business.
    • Risk & Opportunity Identification
      Our approach aims to identify risks and uncover opportunities. We do this by offering insight pre- and post-transaction by identifying various enhancement opportunities in profitability improvement, product line rationalization, and product volume and mix analysis.

How can we help you?

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Locations

We have 40 offices in 18 states, with BKD Trusted Advisors™ who offer solutions for clients across the country.

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