Nearly every corporation uses data sets and analytics to improve Business Intelligence (BI) and help their team make more informed decisions. However, Healthcare BI varies from “regular” BI in a number of ways. After all, hospitals and medical facilities have different goals and face different challenges than businesses in other fields. What’s more, the nature of the healthcare industry is constantly in flux, and data analysis for medical institutions is more complex than just about any other entity. With that in mind, make sure to check out this “cheat sheet” to help you implement Healthcare BI effectively:
Keep Your Goals in Mind
As mentioned above, healthcare centers have different priorities from “run-of-the-mill” businesses. Namely, patient experience and clinical outcomes are just as important (if not more!) than the bottom line. Whereas a typical business may utilize BI to increase revenue or bolster ROI, hospitals can also create BI solutions to better serve patients. (Note, medical facilities can also create data subsets to determine ways to cut down on inessential costs, though). In order to achieve these specific goals, healthcare professionals need to manage their data properly to work toward targeted outcomes.
Maintain a Tight Structure
In a relative sense, data collection is fairly straightforward. In fact, most medical facilities don’t suffer from a lack of data, but rather an inability to process, analyze and use that data to affect positive changes within their organization. As such, taking the time out to collate unstructured data, create visualization tools and install discovery apps will help your team members access and make use of your valuable data. In addition, it’s key to seek out data solutions that apply to every level of your organization. It’s crucial that everyone at your facility –– from administrators and assistants to doctors and nurses –– stays on the same page in regard to data management.
To further our previous point, every BI strategy should reflect the ambitions, needs and concerns of a given business. To that end, customization can go a long way toward improving healthcare BI. Boilerplate solutions tend not to work for medical facilities, so don’t be afraid to tweak your current setup to better serve your team. At the end of the day, BI should assist your employees at every level –– and it doesn’t make sense to pursue a set of tactics that won’t deliver the results you need.
The Bottom Line
The healthcare industry has changed rapidly over the past ten years, and there’s plenty to suggest those changes will continue for some time. With that in mind, the better medical facilities can take in and analyze data, the better they can react to imminent issues and proactively alter their practice to address problems down the line. At Amitech, we specialize in data analysis for healthcare organizations, and can help your team build a BI strategy that’s perfect for your situation. Contact us here for more information.