Predictive Analytics is Transforming Healthcare

Predictive Analytics is Transforming Healthcare

Healthcare Tech Outlook | Monday, August 26, 2019

In the spirit of advancing innovation and patient improvements, more healthcare organizations work with predictive analytics to anticipate requirements and drive value.

FREMONT, CA: As healthcare organizations seek to enhance care, value, and overall patient experience, information is progressively becoming a key component in unlocking innovation and resources. Analytics is used in healthcare not only for measuring and tracking results but also for predicting them. Until now, value-based care payment models have been a significant driver of predictive healthcare analysis.

Value-based care is a new payment model which suppliers have filled with unknowns and uncertainties and reluctance. Indeed, a little analytics and reporting can assist dissipate some of that.

What is the Purpose of Predictive Analysis in Healthcare?

In primary care and bundled payment programs, the use of predictive analytics has risen; it is being used in the emergency department of the hospitals. Predictive analytics helps maintain healthy patients and decrease readmissions, leading to better results.  Also, delivery care can be improved based on what is known about patients, and information can be shared across many applications and multiple teams responsible for patient care.

Use of Predictive Analytics in the Operating Room (OR)

Predictive analytics also enables healthcare systems to use their human and physical resources better. Qlik Sense analytics and visualization solutions are used to capture clinical and economic information from electronic devices across the organization, including its new Epic electronic health record and its legacy EHR to assist with OR use planning. Every minute in the OR is costly; it saves time and money for the patient and hospital.

Jefferson has raised start-ups on time by 25 percent, enhanced patient satisfaction, and saved nearly $300,000 a month. It also utilizes Qlik Sense with its EHR to aggregate and monitor opioid orders and provide interactive reports to clinicians to regulate addictive drug over-prescription.

This is Just the Start of Predictive Analysis

The ability to manage an influx of patient information whether produced within the healthcare environment or through the patient's monitoring systems and applications is essential to doing predictive analytics job to its fullest ability.

Data is also in the minds of C-suite managers. 84 percent of the 56 health system's CIOs, CTOs and chief analytics managers surveyed said analytics would be crucial to their organizational policies over the next few years, according to studies undertaken by the Deloitte Center for Health Solutions late last year. Besides, a study released this year by the Actuaries Society finds that both payers and suppliers are increasing their use of predictive analytics and have high expectations for it.

Predictive analytics has architectural ramifications and to process that you need systems and architecture. Analytics that can consume these types of lines of information service and workflow procedures that are informed by a mixture of care suppliers as well as collaborative automated systems.

The use of predictive analytics will increase as technology continues to deliver outcomes, and healthcare organizations become more accustomed to value-based payment systems. For the most part, predictive analytics are seen in more prominent hospitals that have more cash and are in a better situation to scrutinize what they are doing but can trickle down as the use of technology becomes prevalent.

Check out: Top Healthcare Analytics Companies


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