What’s your Healthcare Analytics Strategy?

What's your Healthcare Analytics Strategy?

Senior healthcare advisors agree that the future of medicine is largely described as a digital transformation process. But in a recent survey, leaders of US healthcare organizations reported that investments do not match strategic importance when it comes to analytics.

The survey, conducted in 2015 by Deloitte, shows that less than half of major healthcare organizations surveyed have any idea what to do with the truckloads of data arriving daily on their doorstep.  What’s more, the majority do not have a clear and vetted analytics strategy. Without a strategy, the use of analytics never develops to the fullest potential and won’t support the pace of change in healthcare today.

Healthcare Analytics: An Afterthought

Analytics continues to be viewed as an afterthought. Most hospitals are still reeling from the crushing costs associated with EMR rollouts and have little appetite for more software.   I like to think of EMR implementations as somewhat of a financial Sonic Boom.  Whether the sonic boom happens on software 'go live' or upon actually paying the EMR software invoice, either way it’s hard to miss if you are a CFO.  But analytics is still largely viewed as simply another module or a “comes with” component from your transaction system vendor.    

There are many purposes for transaction systems in healthcare and chief among them are:

  1. Enable and provision health services/medical care/revenue cycle

  2. Generate outcomes data for future improvement

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