Healthcare organizations are witnessing a significant shift wherein; data sources are proliferating both in number and complexity. Moreover, with the rise digital transformation wave, such units need to equip themselves with adequate technological paradigms for embracing the change.
Healthcare organizations, hospitals, medical centers, etc. need advanced analytics to sustain decision-making capabilities. Also, they require access to predictive modeling and robust integration solutions to gain valuable insights regarding patient care and satisfaction, clinical operations, daily practices of physician and nurses, labor distribution, administration, and management.
Medical departments can also elevate their quality of care throughout the organization and become a value-based organization with adept Business intelligence (BI) tools and methodologies. However, before knowing about integrated BI platforms, one must become aware of its significance.
This blog helps you gain insight into business intelligence’s importance and how it can be implemented seamlessly.
Healthcare Needs Business Intelligence
As per Gartner report,Opens a new window “most vendors working in healthcare and other industries observe that healthcare has the most complex data of any industry†and the lack of a BI strategy is a “flaw in business operations improvement (BOI)†in healthcare.
With access to a robust business intelligence strategy and the right technology, healthcare units can manage an influx of massive amounts of both structured and unstructured data to improve the quality of patient care. High-quality patient care lowers the treatment costs as the patient’s wait time, and hospital stay reduces.
Further, healthcare organizations are able to address operational, financial, and clinical aspects and combat challenges better with strategic business intelligence solution. Additionally, business intelligence streamlines the growth process of the healthcare industry that helps healthcare centers to establish best practices across all elements of care and management.
Healthcare units can navigate their governance easily with business intelligence solutions. Many healthcare integration solutions allow hospitals to keep track of key performance indicators, thus helping them to analyze, manage, and help to improve performance based on accurate data and analytics-based insights.
To conclude, agile, fast, responsive, and interactive healthcare integration solutionsOpens a new window allow the smart application of business intelligence in healthcare to improve patient care that impacts patient safety, ER time, patient satisfaction, hospital readmission rates, treatment costs, and more. However, one must know how to implement it to avoid issues of all kind.
You need Right People, Processes for Successful Healthcare BI
Once you have decided to use a platform that facilitates business intelligence in the healthcare organization, you are expected to follow a set of steps. Here’s a list of 3 best practices gleaned from successful HBI implementations and industry experts for your better understanding.
1. Embrace the First-Things-First Approach
Make sure you have a data quality assurance system in place and a qualified BI analytics team before employing healthcare data integration methods. This will help you take care of the processes in a step-by-step manner, thereby the risks of confusion or distortion can be minimized.
Many healthcare organizations consider creating and following reporting procedures as old hat. However, the truth is, a multitude of clinical reporting as well as quality assurance measures are comparatively new and needs adherence to step-by-step processes for enabling superior data accuracy. So, the conventional approach won’t be of any help.
2. Pick the Right Team
After adopting the first-things-first approach, healthcare units need to pay heed to the quality of their team and associated skillset. Undermining the human element is one of the biggest mistakes medical units can ever make. They need to take proper care in creating a union of skilled people who can are experienced enough to make decisions following evaluating actionable insights derived from patient records. Apart from skills, the team must have empathy for patients and their family member as well as excellent communications and management skills.
3. Pick the Right Technology
In the current times, healthcare units need to have access to the right technology for processing, interpreting, and analyzing data without delay. Integrated BI solutions allow organizations to use data for delivering valuable insights, reducing the risks of errors to a minimum. This will help in improving the patient’s care and experience, which, in turn, enable organizations to accelerate ROI.
With so many platforms in the market, picking one can be daunting. However, the selection process becomes easy if you are aware of the must-haves. Select an integrated BI solution that offers easy to use capability, allows a real-time view of information or patient data with analytical dashboards, and enables medical and administrative staff to perform their own data analysis without giving too much pressure on IT.
Not only such solution will provide a real-time view and processing of patient’s data but also help to elevate their experience.