Healthcare organizations sit on top of a mountain of available patient data records. Of course, this raw data is useless on its own, but when analyzed properly it can be turned into actionable information that can help better diagnose and manage illness, research new treatments, and even prevent disease.
In today’s ever-changing world, leading providers are adopting an intelligent analytics strategy, including a combination of information technology, business intelligence tools, and highly-technical talent to make sense of it all. At HealthTECH Resources, Inc., we are constantly working with healthcare organizations to help them build an analytics infrastructure that is customized to the unique needs of their patients and their businesses. As such, we spend a considerable amount of time tracking analytics trends and use cases to inform our own strategy. Here is a couple that stands out as driving the future for healthcare analytics:
Analytics Center of Excellence (COE) at the Cleveland Clinic
The Cleveland Clinic is one of the nation’s top care providers, so it is no surprise that it is also leading the charge in the application of analytics to improve patient outcomes. The COE developed a patient risk identification solution with self-service visual analytics to help clinicians and care coordinators better understand patient data in real time. Andy Dé, a thought leader in the healthcare tech space, wrote about the success of the program. “Leveraging their visual analytics platform in lieu of their legacy BI and Analytics platforms enabled them to embrace an ‘Agile Analytics’ paradigm and lower time to value with their analytics solution by over 50%.”
Beth Israel Deaconess Care Organization (BIDCO)
Beth Israel’s care organization has leaned into the trend of value-based care, putting a greater emphasis on patient outcomes, fewer medical errors, and lower readmission rates, instead of focusing on how many tests and procedures they can deliver. As a result, they are using analytics to help gain a clearer picture of their patients’ health in order to deliver better overall care. Jessica Davis, an editor for InformationWeek, outlines how BIDCO is using preventive metrics to incentivize value-based care. “One metric might be, what percentage of eligible patients in the overall patient population completed their mammogram screening tests this year? Another is, what percentage of diabetic patients completed their A1C test this year? The higher the percentage, the greater the share of surplus dollars that BIDCO network members get to share. In this way, the practices are incentivized to close the gaps in care.”
In the Harvard Business Review, Sanjeev Agrawal of LeanTaaS argues that hospitals need better data science. “Airlines are arguably more operationally complex, asset-intensive, and regulated than hospitals, yet the best performers are doing a better job by far than most hospitals at keeping costs low and make a decent profit while delivering what their customers expect,” he notes. We believe that as value-based care and other trends reward healthcare providers that wrangle their data and develop stronger analytics capacity, we will see continued investment in technology and talent to help build better businesses and healthier patient populations.