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Can Business Analytics Improve Healthcare Overnight?

Could business analytics provide a solution to the pressures faced by the American healthcare system? As in the case of Mount Sinai Medical Centre in Miami, business analytics generated a very high payoff because it involves efficiency driven, intensive, statistical exploration of an organization's data. In the above case, it determined that the center was overpaying for the pacemakers. At the HIMSS conference, we witnessed plenty of startups peddling immediate business analytics solutions to healthcare organizations. Eventually healthcare organizations will adopt business analytics, but the process will take several years for the following reasons: Lack of Compatibility between Systems as introduction of business analytics and then integrating it with existing infrastructure is challenging. For business analytics to get to market it needs to undergo trials in one or two hospitals. Organizations require their softwares to be customized. So suppliers require time. Staff members need to be trained on how to use the software correctly. All these are time consuming. Hospitals should approach their management strategy from a higher level, planning systematic solutions. Read more at:

http://www.informationweek.com/healthcare/analytics/business-analytics-will-help-healthcare-just-not-overnight/a/d-id/1279087

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