17 Aug Healthcare industry expected to increase reliance on database analytics
For many businesses today, the terms “big data” and “data analytics” are being used on an increasing basis. This behavior stresses the importance of using database software to compile and analyze all the necessary raw information.
One industry where this may be especially common is healthcare. In fact, consultant Frost & Sullivan projects that the use of “advanced health data analytics solutions” will increase in hospitals by 50 percent by 2016.
Most of these changes, the report says, is from the growing implementation of electronic health records (EHR), which are stored in custom database software.
These EHR systems are still relatively new and, therefore, being improved in efficiency at an increasing rate. While only 10 percent of hospitals used EHRs in 2011, the report predicts that as the industry matures, more providers will realize they need to adapt to technological advances in order to stay competitive in a changing market.
“Hospitals will increasingly invest in advanced data analytics solutions to monitor end-to-end care delivery across a variety of settings,” said Frost & Sullivan health care principal analyst Nancy Fabozzi. “Due to growing competitive pressures, hospitals need to provide comprehensive reporting on performance and quality measures to a variety of stakeholders. Advanced analytics capabilities are absolutely critical for survival – there is no way to avoid it.”
One way for healthcare providers to effectively to analyze data is by investing in custom database software by consulting a FileMaker developer. By acquiring this software, hospitals will be able to implement an analytics program that is customizable to what is important to that specific branch.
In addition, by using custom database software to create an analytics solution, healthcare providers will be able to improve everything from daily operations up. These tools can assist with payroll, hours and scheduling, medical records as well as crunching numbers for more accurate shareholder presentations.