Because of intense competition, healthcare providers and organizations are forced to look for ways to enhance outcomes for consumers and patients, while simultaneously reducing costs. Healthcare organizations generate massive amounts of data and because the data is a key factor to identifying the areas where an organization needs improvement, organizations need techniques such as data analytics to gather data together and analyze it for better outcomes.
With data analytics, a proliferating number of organizations are transforming themselves to becoming data-driven in recent years. Analytics may be descriptive, predictive, or prescriptive (an overview of them was discussed in the previous post). In this post, we discuss how healthcare providers can use data analytics to achieve their organizational goals such as cost reduction, clinical decision support, better care coordination, patient wellness improvement, and fraud prevention.
Prime Directives 