Healthcare Business Intelligence

Healthcare Analytics, Business Intelligence and Big Data: By the Numbers

Posted by Jean-Luc Coquerel

Sep 6, 2016 12:30:00 PM



Hospitals, health systems, physician groups and other healthcare entities are increasingly investing in healthcare analytics tools along with business intelligence (BI) efforts in order to gain improvements in patient outcomes, population health management, patient care and clinical quality. Following are some statistics that highlight the growth of analytics and BI:

  • More than two-thirds of healthcare decision makers consider analytics among their top three priorities.
  • The BI and analytics market is forecast to grow to $20 billion by 2019.
  • The healthcare analytics global market is estimated to be worth $33.5 billion by 2022.
  • The BI and analytics software market is expected to grow at a 12 percent CAGR through 2020.
  • In 2013, HIMSS Analytics found 46.2 percent of healthcare organizations were utilizing some form of clinical and BI solution in place, a number which increased to 52.1 percent in 2015.
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Topics: Healthcare Analytics

Dealing with Dirty Data

Posted by Ron Stephenson

Sep 2, 2016 12:30:00 PM



The use of analytics in healthcare is on the rise with the emergence of big data, but it requires accurate and complete data. According to research firm TDWI, many businesses have issues with the quality of their data because it is incomplete, incorrect, inaccurate and inconsistent. These errors are often due to user mistakes including duplicate entries, misspelling, wrong punctuation and missing information. This “dirty data” decreases the ability of healthcare organizations to utilize business intelligence and analytics platforms to accurately analyze data and measure results.

Though dirty data is common due to misleading, non-integrated and invalid data, healthcare organizations are especially plagued by it because of a lack of standardized product information. Dirty data in healthcare also is generated by a lack of generalized formatting, problems incurred during data migration processes, overlaps and overlays and even identity fraud, resulting in unreliable data and a reduced quality of patient care.

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Topics: Healthcare Analytics

Five Essential Steps for Designing a Healthcare Dashboard

Posted by Jean-Luc Coquerel

Sep 1, 2016 12:30:00 PM



Dashboards enable healthcare organizations to assess their overall status by providing them with key analytics and replacing the need to review several, detailed reports. They can be utilized to track revenue cycle performance, help meet meaningful use standards and monitor disparate processes for more efficiency.  Furthermore, dashboards can integrate with electronic workflow management solutions and identify areas for operational, financial and quality of care improvements.  

Mobile dashboards provide even more benefits for healthcare providers through real-time access to actionable, accurate and accessible data.  Furthermore, dashboards offer an intuitive and convenient method for clinicians to access necessary information anytime at any place, thereby improving patient care. Following are five steps for healthcare organizations to take when creating or designing a new dashboard.  

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Topics: Healthcare Dashboards

Hadoop for the Healthcare Industry

Posted by Ron Stephenson

Aug 30, 2016 12:30:00 PM



There are some unusual terms used in the healthcare industry, but “Hadoop” may be near the top. As a big data framework, Hadoop distributes enormous amount of data collections across multiple nodes within a cluster of commodity servers. It provides immense data storage and doesn’t require the purchase of any costly custom hardware.

Healthcare providers are increasingly utilizing Hadoop to improve patient care and increase efficiency through personalized treatment planning, fraud detection, genome processing, DNA sequencing and monitoring of patient vital signs. Following are some ways Hadoop benefits the healthcare industry:

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Topics: Healthcare Analytics

Five Examples of Innovative Healthcare Technology at Work

Posted by Ron Stephenson

Aug 29, 2016 12:30:00 PM



Healthcare providers across the United States implement and utilize many different kinds of technology to optimize their clinical, operational and financial performance. Following are five hospitals that have used innovative technology to improve patient care and save money.

Saint Mary's Hospital - Waterbury, Connecticut

Saint Mary’s began utilizing analytics and hosting its workforce management application in the cloud to accurately monitor whether or not its nursing staff was scheduled efficiently or working unnecessary overtime.  The hospital not only improved patient care but also saved $650 thousand through the move.

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Topics: Healthcare Analytics

Healthcare Data Visualization: Data Through Design

Posted by Jean-Luc Coquerel

Aug 26, 2016 12:30:00 PM



Healthcare organizations typically compile data from multiple sources, and tools that enable them to analyze that data for actionable purposes are in high demand. Due to the fact that most humans process information more easily when it’s presented with a strong visual element, some healthcare providers are utilizing visual representations of the data to better communicate it to various stakeholders. Whether it’s through dashboards, infographics, stacked bar charts, line graphs, cartographs, Choropleth, Pinpoint and heat maps, these healthcare data visualizations give them a way to communicate quantitative data in a way that is accessible and easy to understand.

The California Healthcare Foundation notes that characteristics of strong data visualizations include personalization, storytelling, relevance, timeliness, connections and comparisons. They should be designed in a way that meets HIPAA guidelines by removing specific patient data and that allows users to access the information through multiple types of devices.

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Topics: Healthcare Data Governance

RTLS Technology: Real-time Benefits for Healthcare

Posted by Ron Stephenson

Aug 25, 2016 12:30:00 PM



According to a KLAS report titled “Real-Time Location Systems (RTLS) 2016: Who Can Deliver Value Beyond the Basics,” many healthcare providers want to use RTLS to improve quality of patient care and increase staff efficiency and revenue in addition to tracking assets. Newer RTLS technology has the capability to monitor patients, improve patient flow and monitor workflow processes along with the typical function of tracking equipment and inventory. Consider the following statistics:

  • The market for RTLS healthcare technologies is estimated to reach over $2 Billion by 2020.
  • The RTLS healthcare market generated revenue of $717.8 million in 2015 and is estimated to grow at 19.2 percent through 2021. 
  • The global RTLS market is poised to grow around 30.9 percent over the next decade to approximately $15 billion by 2025.
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Topics: Healthcare Analytics

The Internet of Things in Healthcare

Posted by Jean-Luc Coquerel

Aug 24, 2016 12:30:00 PM



One of hottest topics in technology this year is the Internet of Things (IoT), which Gartner defines as “the network of physical objects that contain embedded technology to communicate and sense or interact with their internal states or the external environment.” The following statistics speak to the prevalence of IoT:

  • The healthcare IoT market segment is poised to hit $117 billion by 2020. 
  • The IoT has a potential economic impact of $3.9 to $11.1 trillion per year by 2025.
  • Sensors, modules and connectivity account for more than 50 percent of spending on the IoT, followed by IT services and software. 
  • An estimated 36 percent of companies in North America had IoT initiatives in 2015.
  • Nearly $6 trillion will be spent on IoT solutions over the next five years.
  • There are forecast to be approximately 212 billion Internet-connected things (healthcare instruments, tracking devices, wearables, etc.) by the end of 2020.
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Topics: Healthcare Analytics

Three Reasons Healthcare is So Expensive in the United States

Posted by Ron Stephenson

Jul 28, 2016 12:30:00 PM



There is no way around it: healthcare in the United States is expensive. The U.S. is ranked #1 in terms of total health expenditure per capita, but is 37th out of 191 countries according to its performance. According to Consumer Reports, if the United States’ $3 trillion healthcare sector was ranked as its own country, it would be the world’s fifth largest economy.

Although healthcare organizations are trying to reduce their cost of operations and pass those savings onto patients through the use of big data and healthcare analytics, issues that contribute to the high cost of healthcare in this country include greater use of advanced technology, administrative and drug costs and defensive medicine. In addition, the pricing of medical care isn’t transparent, so most consumers don’t know exactly what they’re paying for when healthcare services are provided.

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Topics: Healthcare Analytics

Benefits of Analytics Use in ED Patient Throughput

Posted by Jean-Luc Coquerel

Jul 27, 2016 12:30:00 PM



Emergency department (ED) overcrowding is a serious problem for hospitals across the United States, which is being addressed through the use of analytics. Hospitals that use analytics to improve ED patient throughput in each area – frontend, middle flow and backend - can track ED wait times, patient and room status, average length of stay (LOS), number of patients left without being seen, number of patient visits per clinical program, patient volumes over time and more. They can identify workflow bottlenecks, project staffing and resource needs and obtain patient satisfaction rates of wait times while providing the capability to access historic throughput, quality and clinician reporting.

In this blog, we’re highlighting some of the numerous benefits achieved by using healthcare analytics to improve ED patient throughput and reduce ED overcrowding. These benefits include:

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Topics: Healthcare Analytics

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