Healthcare analytics is the collection and analysis of
data in the healthcare industry in order to gain insights and support decision-making. From key areas like medical costs, clinical data, patient behavior, and pharmaceuticals, healthcare analytics can be used on both macro and micro levels to effectively streamline operations, improve patient care, and lower overall costs. BENEFITS OF HEALTHCARE ANALYTICS
Improve performance by delivering data-based quality
care. Reduce patient wait-times by measuring and leveraging scheduling and staffing procedures. Improve patient satisfaction by streamlining tedious processes related to making appointments, processing insurance, and providing referrals. Provide patients with more personalized treatment. Reduce readmission rates by leveraging population health data against personal patient data to predict at- risk patient. APPLICATIONS OF ANALYTICS IN HEALTHCARE
Disaster planning : Both natural and manmade
disasters will put tremendous pressure on the health care systems in that area. During a disaster, the demand for a particular service will increase way beyond its capacity. For example, during a flu outbreak, demand for ventilators will increase. Knowing the real-time location and availability of such facilities will be very helpful for the authorities in managing such disasters. Using data analytics, it is also possible to predict the outbreaks of some diseases and thus putting the authorities in a better position to manage it. Patient Flow : Healthcare is a time critical service and data analytics plays a crucial role in ensuring smooth patient flow and reducing waiting period. Predicting patient surge will help the authorities take the necessary step to reduce patient waiting time thereby giving timely treatment. Pre-adjudication and fraud analysis : Hospitals receives large numbers of insurance claims on a daily basis. Big data analytics can be employed to process large numbers of claims to reduce fraud and abuse. Cost and Effectiveness : Data analytics can be used to compare the cost and effectiveness of treatments, public policies etc. Organizations can use cost and outcome data to check the effectiveness of medicines and stop prescribing medicines that are not effective. Effective resource management : Location tracking technologies like RFIDs are used to provide real-time management, identification, and tracking of instruments within an organization. Along with tracking instruments, now such technologies are increasingly being used to track and manage patients and staffs. Data from such services can be used to improve patient care, resource utilization, and staff management. THANK YOU