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As a healthcare provider, one of your key duties towards your patients is to not only provide them with the best care possible, but also to continue to find ways to improve upon the care and to further enhance the healthcare experience for the patients. Healthcare analytics can play a key role in helping you accomplish these objectives.

 

The healthcare industry has shifted its focus from volume to value based care, and is now working towards creating an integrated healthcare ecosystem, entirely focused on improving the care quality and patient experience.

 

However, the current patient experience has vastly evolved from what it used to be in the past.  Earlier, a positive patient experience hinged solely on a compassionate and caring medical team, while today’s experience involves much more. While compassionate care is still an imperative, patients also want enhancement in the areas of diagnostics preventive measures and billing. To sum up, patients look forward to an elevated healthcare experience, at reduced costs.

How Analytics is Changing the Healthcare Game

Adopting analytics in a healthcare organization can be a life-saver. Whether it’s by predicting which patients have a cancerous tumor in MRI, are at high risk of re-admission, or have misclassified diagnoses in electronic medical records are all examples of how healthcare analytics can lead to improved care outcomes and enhance the quality of life of patients.  Below are a few ways in which data analytics can help improve care delivery:

 

Improves Practitioner Performance

Healthcare analytics provides real-time evidence driven information to healthcare practitioners, resulting in improved decision-making, accurate diagnosis and aids proactive care management,

This in turn enhances the overall performance of the practitioner.

 

Predicts Risks

One of the key benefits of healthcare analytics is that they enable healthcare providers to closely track the health of patients having chronic diseases, predict risks and provide early intervention treatment. Healthcare Analytics, thus not leads to better health outcomes and improves the quality of life of high risk patients, but also serves to significantly reduce the nation’s healthcare costs.  Healthcare organizations can also utilize analytics to understand the bigger picture with respect to the overall patient population. This information can help them to identify risks, gaps, and trends, and ultimately use this analysis to positively impact the health of their patient population.

 

Reduces Cost of Care

Healthcare analytics provides, evidence-based data to healthcare providers, resulting in accurate diagnosis, elimination of unnecessary tests, reduction in emergency room visits and readmission rates of patients.  This helps the hospitals to bring down the overall cost of care.

Analytics Technology is the Future of Healthcare

The future holds a lot of promise for healthcare analytics. Wearable devices that track all kinds of activity and biometric data are finding wide spread adoption. Streaming data coming from wearable could eventually be used for healthcare analysis to provide real-time alerts to physicians about patient related health events occurring outside the hospital, further enhancing the quality of care.