Hospitals must take full advantage of business intelligence opportunities
Business intelligence (BI) platforms can be an excellent way for hospitals to achieve stronger results. By using the vast amounts of information they collect to analyze operations, find inefficiencies and make corrections, these organizations can ensure they are utilizing their budgets as effectively as possible. Additionally, BI can be a critical tool for assessing current patterns and data to improve patient care. However, these ends may be much more difficult to reach without remote database services to provide essential support.
More intelligent decision-making
According to InformationWeek, it's crucial for hospitals to keep their BI platforms updated, as there may be significant differences between today's tools and yesterday's. Jim Adams, executive director of research and insights at The Advisory Board Company, told the news provider that healthcare organizations must keep in mind that BI is a journey, and there are varying levels of maturity along the way. Many hospitals start their quest to gain true insight at a point where they rely less on data and use "gut feel" decisions to govern their actions. However, as they move along the spectrum, their choices become more informed and data-driven.
Adams explained that by the end of The Advisory Board's maturity model, medical organizations will actually be using big data and assessing it in real time to support back-end users in their day-to-day tasks. However, Adams cautioned that many hospitals that think they may already be at this point probably aren't, especially because this kind of information isn't always present in these settings.
"In healthcare, we have lots of data but don't really have 'big data' as defined in many other industries," Adams pointed out.
This doesn't mean the effective use of BI and big data is impossible for hospitals. In one example, Healthcare IT News pointed out that hospitals have been able to address patient throughput issues by implementing BI tools, and this can potentially save money. If these facilities find they can't meet patient demand for beds, they will add more, but this can be very costly. It's necessary for these decisions to be made in the presence of real need, not as the result of miscalculations or fixable inefficiencies. BI can be used to reduce the length of patient stays, thus freeing up beds.
Remote database support services can play a critical role in helping hospitals reach their goals with BI. Getting this aid not only ensures healthcare organizations run profitably, but that their patients receive the most effective care.
RDX's business intelligence and big data experts assist customers in leveraging data contained in large data stores. For more information, please visit our Business Intelligence and Predictive Analytics pages or contact us.
You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.