The Latest Big Thing in Healthcare – Data Analytics: What Do You Think?

One of the major topics in healthcare today is data analytics. According to Healthcare IT News, “…The more information generated by a growing contingency of apps, devices, electronic health records, mHealth sensors and wearables, the broader and stronger the desire for that data becomes,” (June 2014).

Most providers want to know how to: 1) efficiently capture all the data they need, and 2) use that data for analytics so they can improve care and grow their business.

Now more than ever, providers need to be able to record and store valuable information – and to access that information with ease. It is also critical for providers to have the ability to then create reports that help them understand performance trends, patient outcomes, fluctuation in volumes, and more.

We expect that in the near future, data analytics will become increasingly important for:

  • Quality improvement initiatives: Drilling down into problem areas and identifying where improvements can be made—and how to make them
  • Predictive healthcare: Enabling easier identification of high-risk patient populations and creating prevention and treatment plans accordingly
  • Business growth: Providing an in-depth, real-time understanding of a hospital’s financial performance and how it ties to volumes, costs, inventory and more
  • Meeting mandated standards of care: Real-time reports show hospitals if they are performing up to the standards mandated by the Affordable Care Act, Meaningful Use regulations, and other benchmark-setting entities

We’d like to hear from you! What is your hospital’s plan for using its data? Which areas are if highest priority to you? 

Tuesday, September 16, 2014 8:42:00 AM Categories: analytics data industry news National Health IT Week

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