How Hospitals Can Benefit From Data Analytics

How-Hospitals-Can-Benefit-From-Data-Analytics

Data Analysation in Hospitals

As far as healthcare data analytics is concerned, hospitals can benefit most from the essential information if they endeavor towards appreciating the analytic discoveries instead of just focusing on the straightforward facts. The following facts explain the top ways that hospitals can better apply health analytics for them to reap the most from of the information.
http://www.healthcareitnews.com/news/5-ways-hospitals-can-use-data-analytics

1. Application of Analytics to Cut Down on Administrative Costs.

Minimizing administrative costs in hospitals, is one of the major challenges which the health industry faces. A substantial amount of all healthcare expenses goes to administrative costs. That is not a wonder because you require human capital in order to perform effectively in this vital industry. It is therefore wise for hospital systems to begin adequately utilizing and exchanging the information which they already possess. That can be realized by making sure their medical codes are appropriately used so that the correct reimbursements can be received. Nowadays, with electronic medical data, one realizes that automated coding significantly increase s the chances of turning healthcare activities into cash flow by minimizing their administrative expenditure. http://www.sas.com/tr_tr/news/sascom/2014q3/Big-data-davenport.html

2. Application of Analytics in Clinical Decision Making

Having all medical examinations, prescribed medications and lab reports for patients on one electronic dashboard can considerably improve the way physicians make decisions regarding their patients. That can as well cut the costs for the organization drastically. If all the essential information is displayed on one electronic dashboard, doctors can easily detect the most appropriate needs for individual patients. They can also see all the previous treatments that the patient has undergone in the past. That can help them make an informed clinical decision right away. The availability of the patient’s medical history can also minimize cases of doctors’ double-prescribing medications to patients due to the limited information they have regarding the patient.

3. Minimizing Fraud and Abuse.

Since there is a large amount of money vanishing without a trace in the healthcare industry due to fraud, it is important for hospitals to use analytics for better insight into patients’ information. That can also show the performance of doctors on their patients. Analytics can help track fraudulent and false payments, as well as the medical history of individual patients. However, hospitals do not require only the analytic tool. They need to understand the tool and how to use it appropriately to get the correct answers. http://searchhealthit.techtarget.com/opinion/Why-physicians-performances-benefit-from-healthcare-data-analytics

4. Application of Analytics to Improve Healthcare Coordination.

The application of healthcare data analytics in the next decade is going to be tremendously important for all health facilities. Operations even within the same health facility can be very disjointed. Hence, they should use analytics to assist with patient handoff within systems and across all types of healthcare centers in a country. Historically, within many health organizations different departments did not communicate with each other about patients. Efforts should be made to have all medical records accessible across the country.

5. Application Analytics to Improve Patients’ Health.

Data analytics can help healthcare facilities remind patients to uphold their healthy lifestyles. It can also help in keeping track of where a particular patient stands with regard to their lifestyle preferences. Analytics can be applied to offer information on ways particular patients can modify their lifestyle. That will consequently makes a patient’s health the first priority despite the fact that sane people should not be reminded now and then to take care of themselves. http://www.forbes.com/sites/castlight/2014/11/17/why-more-employers-are-using-data-analytics-to-improve-healthcare-benefits/

facebooktwittergoogle_plusredditpinterestlinkedinmail

Leave a Reply

Your email address will not be published. Required fields are marked *