Clinical analytics has emerged as a significant area of focus for IT leaders among healthcare providers, who are moving toward adopting accountable care. Many of the leaders have said that they are prioritizing clinical analytics over other systems in their organizations.
Clinical analytics is a field that makes use of real-time medical data to generate insights, take decisions, increase revenues, and save on costs. The implementation of clinical analytics in organizations has led to reduced medication errors, improved population health, and cost savings for many organizations. The rapid advancements in key technologies and adoption of electronic health records (EHRs) has led to the growth of clinical analytics in recent years.
Due to the emergence of smart mobile devices and the app economy, patients expect high-quality care in hospitals. The result will be a revolution in healthcare with major benefits, such as personalized care, for patients.
Now is the right time for hospitals to embrace clinical analytics, which is critical for organizations to survive and thrive in the midst of changing governmental regulations. Addressing the challenges posed by the reforms will mean decreased costs and improved quality of care delivered.
The advantages of employing clinical analytics practices are many. It can help reduce administrative costs, enhance care coordination, improve patient wellness, provide clinical decision support, and minimize abuse and fraud. It could also help lower costs by removing differences in supplies, overheads, and labor.