How and why healthcare is investing more in business intelligence

This is a pivotal moment for the healthcare industry in Australia. The population is not getting any younger, and as the nation ages, there will be newfound pressure on both public and private health organisations to do more with less. People will have high expectations for their medical care, but their providers may have trouble finding the resources to deliver.

The onus is on the healthcare community to continue offering premium care without incurring prohibitive costs.

This is where analytics must come in. The onus is on the healthcare community to continue offering premium care without incurring prohibitive costs. They will need advanced, high-tech ways of finding strategies that will work.

The clock is ticking when it comes to optimising healthcare strategies. The next couple of years are expected to be a boom time for health expenses, so it's imperative that the industry respond quickly.

Costs rising, pressures mounting

For those in the healthcare consulting business who are trying to analyse data effectively and optimise operations in the industry, these are high-pressure times. According to The Australian, costs are rising – the news outlet estimated that between 2015 and 2018, total health expenditures nationwide are expected to increase by 3.9 per cent.

This is happening for a few reasons. The aging of the population is certainly one of them, as the health community is struggling to find cost-effective ways of taking care of a populace that's quickly encountering an increase in age-related health concerns. In addition, technology is becoming more expensive, which places an added burden on health companies.

Can better visualisation lead to better healthcare results?Can better visualisation lead to better healthcare results?

The hope is that, through better data governance and more advanced analytical strategies, the industry can do better overall. One such strategy is the rise of "visual analytics" – in other words, using charts, graphs and images to visualise health concerns and find creative solutions. If done right, this can have a profound impact.

How health big data comes in handy

So how, specifically, can health organisations make tangible improvements to their strategies using business intelligence? According to Healthcare IT News, there are a few possible ways:

  • Better triaging. Part of any medical facility's strategy must involve optimal use of beds, staff and other resources, ensuring that no supplies and no labour go to waste. Data can help with making adjustments to this process.
  • Optimising treatments. When medical professionals see the same conditions over and over again, such as chronic diseases in patients' organ systems, they can use large samples of data to evaluate the historical results of various treatment strategies.
  • Responding to adverse events. Scary episodes like strokes, heart attacks and drug overdoses can be deadly, but they're also preventable if medical professionals have enough information to predict them and proactively keep them from happening.

The more data the medical community has, the more it can do to sniff out weaknesses in its current processes and make crucial adjustments. Better information will surely yield better long-term health for patients everywhere.

Solution consulting can bolster your organisation

If you're in charge of a healthcare organisation that's working to implement enterprise solutions for business intelligence, you surely know that the process will be slow and difficulties will arise along the way. It would behoove you to find knowledgeable consultants who can help you with whatever challenges come up. Fortunately, at AtoBI, we are able to offer just that – consultants who will do what's best for you.

We offer tailored services from professionals who take the time to listen to you and understand your business. Our goal is to know your company, anticipate your needs and deliver solutions. Contact us today, and we can begin that process.