What is Big Data in Healthcare? It is a combination of technology, analytics and software that allows health care companies to capture, analyze and transmit medical records more effectively. In fact, it is a platform that allows for improved communication between doctors, physicians, hospitals and other healthcare providers. The key selling point of this technology in the healthcare industry is that this new type of information exchange can provide quick action alerts with real-time patient data.
A big data analytics platform can be used for patient scheduling, billing, financial and marketing support, patient education and research, and much more. It enables health providers to run more organized and smoother operations. Here are some of the ways it can improve your business and how you can use it to serve patients better:
Improve staffing: By using big data analysis for scheduling and analyzing your patient populations, you can more efficiently match staffing needs with available labor. You can also determine who among your patient populations require more healthcare services. This allows you to plan better for staffing requirements and manage your budget more efficiently. As a result, you can improve staff productivity. This is because more efficient scheduling can increase the number of hours your staff spends working, which can ultimately lead to improved employee engagement and employee satisfaction.
Reduce healthcare costs: Using predictive maintenance management software can help reduce healthcare costs by predicting future patient care needs. For example, elderly and disabled patients may require additional services in the future. These services might be costly. However, if you can predict these services ahead of time, then you can offer them to the patients when they need them. This reduces the costs related to unnecessary patient visits and averts the need for additional nursing services. You can use the information to cut costs in other areas as well, including reducing the number of sick days you provide to your staff.
Improved patient care: By monitoring and analyzing the habits and behaviors of your patients, healthcare analytics can help improve healthcare. The information provided by this type of software can help you detect patterns related to diseases or conditions that may affect a person and make him or her return to the doctor or hospital. It can also tell you what treatments your patients are receiving that might be beneficial or detrimental to their health. This type of information can also help you identify healthcare risks, such as preventable conditions or emergencies that could worsen quickly if not properly managed.
Reduce self-harm among patients: One area where big data analysis can benefit healthcare institutions is in preventing and reducing self-harm among patients. A survey conducted by the American Psychological Association and the American Academy of Child and Adolescent Psychiatry showed that almost half of all children and adolescents living in the United States have engaged in some type of self-harm. This rate is much higher than the rate for the overall population. Experts believe that a large segment of these incidents occurs when families are too stressed to handle typical day-to-day issues. In addition, self-harm is also a symptom of mental illness or pressure-related stress. By tracking the activities and thoughts of patients, healthcare institutions can address these trends and lessen the risk of children and adolescents self-harming.
Increase patient satisfaction: Another major benefit of using medical institution analytics tools is that they can increase patient satisfaction. According to a survey conducted by the American Medical Entities Association, a whopping 70% of hospitals say they would like to use some form of medical institution analytics to improve their patient care. These tools allow doctors to see the extent to which their decisions are impacting patients. They can see how different care decisions are affecting a patient’s quality of life. The improved insight also allows them to make more effective decisions and provide better care to patients.
There are many other ways that medical analytics tools can help your healthcare organization. Many employers already use healthcare data analysis to determine if an employee’s performance is improving and how to give incentives for further improvement. By combining clinical governance and analytics, health care organizations can ensure that they are implementing solutions that help prevent potential hazards and help manage existing risks.