How to Use Big Data Healthcare Analytics to Boost Your Healthcare Business
With healthcare management systems, big data analytics offers a wealth of opportunities for administrators to enhance patient care. The ability to analyze large volumes of data quickly and efficiently provides healthcare providers with essential knowledge of how their staff is performing, what is working and what can be improved. Also, with the rapid pace of technology, it is easier than ever before to obtain the data needed in decision-making. No longer must hospitals or clinics wait for records from one clinic to another in order to make informed decisions on patient care. In fact, they no longer have to wait at all.
One of the most important uses of big data in healthcare has been in the area of patient care. Electronic health records, or EHRs, have greatly improved patient care in hospitals and clinics by providing pertinent information fast and efficiently. By accessing EHR databases, medical staff can determine patient demographics, severity of illness and medication type; thus, reducing the number of unnecessary patient transfers and increasing the overall quality of care provided. An improved ability to identify potential problems early allows for earlier interventions that lead to decreased numbers of emergency room visits and hospital admissions. Additionally, electronic health records to improve the accuracy of medical billing by reducing duplicate submissions and coding, and potentially save up to two percent of the annual medical office budget.
Another area for the use of big data analytics has been in workforce planning. Many factors affect the labor market Age, job type, geographic region, hours worked, and geographic location are just a few. By combining information from diverse sources such as unemployment surveys, census data, and the U.S. Census, researchers have been able to create tools that allow employers to accurately predict who will be in need of their services, where those workers will be located, and how those employees will act throughout their careers.
While the ability to fine tune healthcare tasks through the use of big-data is an exciting new development, many experts caution against relying too heavily on this resource. Healthcare is a complex field, and many potential problems have yet to be discovered. While big-style data analytics can prove useful in helping to detect problems and create solutions, using this tool alone is not a reliable strategy for streamlining healthcare operations.
In order to maximize the value of big data analytics, organizations must harness the analytical power of predictive analytics. Unlike big data analytics, predictive analytics relies on past and current business performance to provide business intelligence. Using this method helps to more accurately determine which actions are beneficial to achieving organizational goals. This method provides the exact tools needed to make strategic decisions and implement those strategies. Rather than relying on vague generalities or hypothetical data, using predictive analytics provides concrete business intelligence.
Another key area for the use of big data analytics is the prevention and treatment of diseases and injuries. A variety of pathogens are emerging throughout the world. The best way to prevent the spread of disease is to identify them as soon as possible. Using complex algorithms, healthcare experts are able to quickly identify potential risks and the best course of action to stop the outbreak before it spreads. The tools used to prevent the spread of disease have already been in use for decades. However, there is still a lot of room for improvement, and big data analytics will help to drive efficiency and reduce waste in the healthcare industry.
One of the other areas where big data is set to revolutionize the way that hospitals healthcare operates is through the implementation of personalized treatments. Patients are becoming increasingly demanding and are demanding more from healthcare providers. As a result, doctors are now required to treat their patients based on their individual conditions and symptoms. Relying on traditional medical templates often leads to inaccurate treatments and, when treating multiple patients, is often wasteful. By using predictive analytics, doctors can now treat each patient with personalized care and avoid wasting resources on inaccurate tests or treatments.
This article has explained how to use big data analytics to boost your healthcare business. In this second part of our free bite-sized summary and learn how to use big data analytics to benefit your healthcare operation. To receive our free report, subscribe to our free newsletter. This will also help you to keep up to date on the latest technology and innovative applications being used in hospitals across America. Learn more about how to make the most out of big data healthcare analytics.