Why is the Healthcare Industry Moving towards Data Analytics?

Keshav Jeet

Data analytics is transforming the healthcare industry. With EHRs in action, a lot of unstructured data can now be processed and valuable insights can be generated for delivering high-quality care to the patients. Healthcare is continuously exploring new technological horizons including smart devices, Fitbits, and sensors to monitor a patient’s health and provide quality care based on the information recorded through these devices.

With the integration of data analytics in healthcare, a thorough analysis of the patient’s data can be done, enabling healthcare providers to offer tailor-made treatment plans to the patients which match their health requirements and can be followed with ease.

How data analytics is revolutionizing healthcare

With data analytics in action, healthcare providers can utilize cloud computing to process large quantities of data and make informed decisions for every patient.

Let’s assume that a patient needs to undergo an emergency treatment which may not be covered in their insurance plan. With the help of data analytics and machine learning, they can now accurately determine the cost of the procedure and whether it comes under their insurance coverage or not. This enables both doctors and patients to reduce the time taken in initiating a treatment plan and balance out the costs for the procedure.

Data analytics will mitigate an incredible amount of time and efforts consumed in fulfilling the administrative formalities that can sometimes hinder the treatment process. Advantages of data analytics

Advantages of data analytics

  1. Personalized medicine solutions

The medicinal industry has witnessed a deep impact of data analytics. It has accumulated a vast amount of patient data but is unable to properly manage it.

Statistical analysis has been utilized to draw patterns from this data and then it is set aside. However, the medical industry must focus on combining EHRs within the system for gathering exact insights from the treatment plans and deliver the right medicinal care. With the help of data analytics and machine learning, patients can now get personalized medicinal care based on their treatment. It makes patients into partners and enables them to make decisions in harmony with the healthcare provider’s treatment plans. This also maximizes the satisfaction of the patients as they feel that they have a proper say in their treatment.

2. World-class healthcare services

The healthcare industry has a bad reputation for offering expensive treatments. With analytics in healthcare, the costs can be significantly reduced and treatments will become affordable by all. Through Big data, healthcare providers can store and manage patient information to provide an accurate evaluation of the different diseases and issues they might be facing. Data analytics combined with smart technology like image processing, mobile healthcare, artificial intelligence, etc., will enable people to afford quality healthcare. Data analytics will provide real-time insights through smart devices like Fitbit, mobile platforms, etc., allowing healthcare providers to make quick and effective decisions regarding treatment options.

3. Leveraging precision medicine

Precision medicine involves analyzing data sets in healthcare information technology and genomics. A huge amount of public and private sector investments are being made in precision medicine due to the vast opportunities it offers for exploring the field of human biology. With data analytics, new research can be conducted to create modern tools and techniques for treatment. By integrating big data with precision medicine, researchers can multiply the pace of biomedical discoveries which will transform the way healthcare operates in today’s world. When precision medicine becomes clear with data analytics, clinicians will be able to better understand a patient’s health and the complex issues associated with their treatment.

4. Better decision system

Most people today are dependent on word-of-mouth references for selecting a clinician for their treatment. With healthcare analytics, the process becomes easier as patients will have access to a clinician’s information on smart devices, and they can make an informed choice. With the help of revenue cycle management, business intelligence, and clinical software, the data analytics system will simplify a patient’s search and make their decision-making process easy. A clinician decision support system integrated with data analytics will provide person-specific information, mitigate variation in treatment, help in consolidating the huge amount of healthcare records, and reduce costs for both the patient and the healthcare provider.

5. Improved healthcare outcomes

Countless healthcare providers still utilize the age-old methods of data management, staff organization, and administrative processes that do nothing but slow their progress down. Through data analytics, they can streamline their processes, reduce time and money on manual staff management, and improve the overall quality of care delivery to patients. Healthcare providers can save valuable time in manually collecting and processing the data and utilize that time to gather valuable insights which will enable them to make changes in their current care delivery system. Data analytics act as a support system for clinicians and will equip them with the necessary information to move ahead with better treatment plans.

6. Computation treatment system

Computation medicine enables healthcare providers to utilize computer models based on quantitative and qualitative analysis to determine root causes of different diseases. It enables the clinician to effectively diagnose the patient’s problem on the basis of insights gathered from the computational models. The clinicians can figure out what caused the disease and connect the dots of how the patient got the disease by gathering insights from different pieces of data. They can also determine what led to the patient’s transformation from a healthy state of being to an unhealthy state. With the help of data analytics, understanding the biological mechanisms of a patient becomes simpler, allowing clinicians to take the right course of action.

Bottom Line

Data analytics is maximizing its impact on the healthcare industry with each coming day. Clinicians can now identify a vast range of diseases from the data consolidated from the patient’s medical history.

Big data has enabled healthcare providers to improve their care delivery process and brought in a huge amount of investments from both the private and public sector to build a better healthcare infrastructure.

TechJini is a leading healthcare solutions providers that enable you to enhance your care delivery process through world-class solutions. Get in touch with us today and gain a competitive advantage with digital health services.

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about the author

Keshav Jeet

Keshav is the most creative and innovative thinker who is never isolated with the bandwidth. He always strives to bring out the potential of technology to deliver a remarkable impact. Started as a programmer he gradually gained expertise in Developing, Designing and Architecting solutions for startups and enterprise. He has varied experience from healthcare, public procurement, ERP and mobility. He helps clients ideate, innovates and uses cutting-edge technologies to solve real-world problems. He brings technological leadership, by evaluating and implementing solutions on next-generation technologies.