--- title: How Business Intelligence Supports Better Healthcare Decisions description: Learn how business intelligence supports better healthcare decisions through providing data on compliance, safety, finance and more! image: https://www.syntrixconsulting.com/hubfs/Blog-Images/how-business-intelligence-supports-better-healthcare-decisions.jpg --- [![Syntrix Logo](https://www.syntrixconsulting.com/hubfs/Syntrix%20Logo.svg)](https://www.syntrixconsulting.com) - [ABOUT US](https://www.syntrixconsulting.com/about-us) - [SOLUTIONS](https://www.syntrixconsulting.com/solutions) - [BLOG](https://www.syntrixconsulting.com/blog) - [RESOURCES](https://www.syntrixconsulting.com/resources) - [CONTACT US](https://www.syntrixconsulting.com/contact-us) [Schedule a Call](https://www.syntrixconsulting.com/contact-us) # How Business Intelligence Supports Better Healthcare Decisions Learn how business intelligence supports better healthcare decisions through providing data on compliance, safety, finance and more! [Ron Stephenson](https://www.syntrixconsulting.com/blog/author/ron-stephenson) Apr 27, 2016 --- ![how-business-intelligence-supports-better-healthcare-decisions.jpg](https://www.syntrixconsulting.com/hs-fs/hubfs/Blog-Images/how-business-intelligence-supports-better-healthcare-decisions.jpg?width=300&height=300&name=how-business-intelligence-supports-better-healthcare-decisions.jpg "how-business-intelligence-supports-better-healthcare-decisions.jpg")Like most other industries, healthcare lingo typically includes a lot of buzzwords. Terms such as “interoperability” and “ICD-10” and phrases like “population health management,” “big data” and “interdisciplinary care team coordination” are often discussed in terms of the healthcare industry. Two phrases we are hearing quite often among our customers and colleagues are “business intelligence” and “healthcare analytics.” Business intelligence (BI) is utilized to support better business decision-making, and healthcare organizations can use it to organize clinical, financial and operational data for improvements in patient outcomes, population health management, patient care, clinical quality and more. According to a 2015**[Gartner report](https://www.gartner.com/doc/3137220?srcId=1-2819006590&cm_sp=gi-_-rr-_-top)**, the BI and analytics market will grow to $20 billion by 2019. In addition to providing historical, current and predictive views of operations, it benefits healthcare organizations in four main areas: finance, patient care and safety, compliance and standardized data. ### **Finance** Many healthcare organizations implement BI programs and tools for cost savings. They’re able to reduce and control operational costs while increasing revenue and financial efficiency. With BI, most organizations can better understand and justify the cost of delivering care while monitoring financial operations to identify highly profitable or underused services. Some healthcare providers use BI tools for fraud detection or to streamline their claims processes. ### **Safety & Patient Care** Through providing a foundation for timely, evidence-based clinical decision-making, BI enables healthcare organizations to improve patient safety, care and outcome, reduce medical errors, facilitate quality performance and eliminate waste. Physicians can better monitor and forecast patient diagnoses and make more informed clinical decisions at the point of care. ### **Compliance** By using BI programs and tools, healthcare organizations can more easily gather, manage and generate the data needed to develop reports and extracts necessary to meet mandated compliance requirements. BI tools allow organizations to quickly hone in on potential problem areas before they fall below regulatory limits. Conversely, BI discovery tools help to highlight areas of high achievement and best practice.   ### **Standardized Data** Healthcare organizations that implement BI have secure, consolidated and standardized data and streamlined reporting, which often allow better decision-making by clinicians. They are able to track organizational performance against strategic goals, understand replicable drivers to their business success and prioritize business activities. ### **Learn More** At Syntrix Consulting, our consultants accelerate the move from data to results by applying our combined expertise in healthcare and business intelligence. Our BI professionals are experienced with and can support multiple business intelligence suites of applications including SAP BusinessObjects, Microsoft, QlikTech, Logi Analytics, our proprietary Smart Medtrix™ platform and more. **[Contact us](https://www.syntrixconsulting.com/contact-us)** today for a free consultation. Ready to make smarter decisions with your financial, patient care and compliance data? Make sure your EMR Reporting is showing you what you need to see. Check out our FREE eBook on implementing Epic Reporting and see the benefits that a robust reporting software can provide to your healthcare facility: [![New Call-to-action](https://no-cache.hubspot.com/cta/default/300899/e13ea190-810d-4721-9848-71f9a833698c.png)](https://cta-redirect.hubspot.com/cta/redirect/300899/e13ea190-810d-4721-9848-71f9a833698c) ## Similar posts ### [Understanding Big Data in Healthcare](https://www.syntrixconsulting.com/blog/understanding-big-data-in-healthcare) Big Data in Healthcare is proving that it's an essential asset in understanding the healthcare industry in the eyes of analytics and marketing... Jean-Luc Coquerel Jul 7, 2020 Data Governance ### [Improve Business Intelligence with Healthcare Data Governance](https://www.syntrixconsulting.com/blog/improve-business-intelligence-with-healthcare-data-governance) Discover how to improve business intelligence with healthcare data governance. Jean-Luc Coquerel Feb 29, 2016 Data Governance ### [Five Big Benefits of Data Governance in Healthcare](https://www.syntrixconsulting.com/blog/five-big-benefits-of-data-governance-in-healthcare) Learn how healthcare data governance benefits hospitals and other healthcare facilities by helping staff make better medical & financial decisions. Jean-Luc Coquerel Apr 26, 2016 ### Stay on the leading edge of Healthcare Analytics Discover new ways to enhance and optimize your data analytics function using the most advanced tools and industry knowledge available today. 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