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How Healthcare Analytics Can Improve The Healthcare Industry

The biggest steps forward in the healthcare industry today are driven by data, and the role of data analytics cannot be understated. The following are some ways that healthcare analytics is improving patient care and administrative efficiency.

Reducing Readmissions

Reducing readmissions is an important goal for hospitals in the U.S. With the Affordable Care Act, the government began imposing a penalty on hospitals that readmitted Medicare patients within less than thirty days of a previous discharge. While readmission rates have gone down, there is still room for improvement. Data analytics can provide predictive models of readmission risk that allow hospitals and practitioners to target individuals and make more effective discharge plans and decisions.

Reducing Errors

More than 20% of people in the U.S. report having experienced a mistake of some kind in their medical care, including receiving inappropriate medications, catching an infection in the hospital, and suffering from pressure sores due to neglect. Errors in care can have serious consequences for patients and healthcare providers. In some hospitals artificial intelligence is being implemented to increase patient safety by predicting when and where errors are likely to occur.

Increasing Capacity

Another perennial challenge for hospitals is to increase capacity without having to increase physical space. They need to make sure that patients can stay long enough to receive the care they need as new patients are admitted. To run at full capacity, hospitals can use data analytics to understand patient flow throughout the year and better predict discharges based on individual patients’ data.

Understanding Socio-Economic Risks For Patients

In the healthcare industry today, there is growing recognition that socio-economic factors have an impact on public health and patient outcomes. These factors can include things like housing stability, employment, food security, education level, and marital status. By collecting and analyzing this data, healthcare providers can better anticipate patients’ needs at the time of seeking care and after discharge.

Hospital administrators, healthcare providers, and other stakeholders need to be aware of the most up-to-date innovations in healthcare data analytics. One place to get more information is the Healthcare Analytics Summit 2018, where participants can choose from a variety of sessions on improving analytics capabilities and making data-driven improvements. See the full schedule at https://hasummit.com