Study: Data Analytics Among Top Priorities for Healthcare C-Suite
More than two-thirds of healthcare decision makers said that data analytics is one of their organizations top three priorities, though implementation levels varied by organization size. This is one of the findings from the recent “Analytics in Healthcare” report, developed by CDW Healthcare.
CDW Healthcare, in conjunction with O’Keeffe and Company, surveyed 150 healthcare decision makers in August 2014 about their plans for using clinical data analytics. The top motivational factors for adopting data analytics programs were the rising cost of healthcare (59 percent), Medicare/Medicaid EHR incentive programs (44 percent), and the rise of accountable care organizations and other payment model reforms (41 percent).
The size of the entity played a big role in whether organizations were implementing and benefiting from data analytics, or just starting their discovery and planning stages. While 67 percent of respondents said their organizations were planning for or implementing analytics, smaller organizations were lagging behind.
In general, organizations beginning to implement and use data analytics are focusing on improving their electronic data capture, storage, and processing—all areas directly within HIM professional’s area of expertise.
And for some, the effort is paying off, according to the study. A total of 82 percent of respondents said their organizations are experiencing improvements to patient care due to their use of data analytics, while 54 percent have seen improved financial reporting capabilities.
See the below infographic, provided by CDW Healthcare, for more information and statistics from the report.