Recent surveys seem to suggest that the hype of analytics is overhanging reality by a significant margin. However, it's early days yet, and there are pockets of excellence, such as Adventist Health System in Florida, that are making significant progress.
Healthcare has been identified as a sector that could benefit greatly from the use of advanced analytics, especially in the area of clinical outcomes improvement. Use cases such as readmissions reduction and population health analytics are high on the priority list of senior executives looking to navigate the transition to value-based care.
Yet, recent studies indicate that something is holding back the sector from realizing the full potential of analytics. A study by Health leaders Media on population health management indicated that while a full 69 percent of study participants were “fully committed” or are running pilots, many of them were in early stages of formulating strategies and making appropriate investments.
A similar study by HIMSS Analytics and BI vendor Qlik found that most healthcare providers were struggling with end-use adoption. The study further suggested that healthcare providers are barely scratching the surface when it comes to unlocking the inherent value of their clinical data. According to John Hoyt, EVP of HIMSS Analytics, “BI benefits are in quality improvements and driving out waste…and often, improving quality reduces unnecessary cost.” “While analytics is front and center in healthcare, maturity can vary by solution areas – driven in large part by local and regional pressures,” says David Bolton, Global Director of Healthcare Industry Solutions for Qlik.
So is it really a gloomy picture today for healthcare analytics?