Medical sectors often provide exceptional examples of how new technology should be approached by all other businesses, as this industry is under much more robust and sometimes overwhelming regulations and expectations. Because so many trends that have surfaced in the past few years have come along with direct information governance and data management implications, the evolution of reporting analytics in health care has truly been a sight to see.
Some experts and analysts have indeed been concerned about the feasibility of big data and effective analytics throughout the health care industry because of how much attention to detail needs to be placed on privacy and security. However, medical sector competitors have indeed proven their grit in these regards, finding ways to have their cake and eat it too as it were, deploying modern analytics solutions while remaining in compliance with the laws of the present era.
Other organizations in industries that have nothing to do with health care, including those that are under a much lighter form of compliance or none at all, can learn a lot from watching the medical sector evolve with respect to analytics utilization and optimization. In many ways, medical firms will also prove just how important reporting analytics automation and optimization efforts are to keeping pace with market trends and the evolution of health care, which should provide even more robust lessons to others.
A look inside
CDW recently published a special study on the push toward more significant automation-based reporting analytics and big data efforts in health care, affirming that the tools involved are already high on the priority list for many in the industry. As a reminder, acceptance and the process of embracing the idea of advanced analytics represent the first two steps that must be taken to reach proper deployments and optimal outcomes with the various investments involved.
According to the report, the use of modern technologies is less of an option and more of a necessity in health care today, as regulations are becoming increasingly demanding when it comes to making information available and accurate for broader use by government officials. After all, the Health Information Technology for Economic and Clinical Health Act was most focused on building a national electronic medical record system that would assist officials in better managing population health over time.
The researchers affirmed that roughly 66 percent of officials have placed the deployment and optimization of reporting analytics as a top priority, while dealing with the increasing costs of medical support appeared to be the most common driver of adoption. Acquiring the incentives within HITECH for meaningful use was the second-most cited driver and improving the accountability of operations occupied the third spot.
Finally, the use of these tools is already having a substantive impact. CDW found that 82 percent of health care providers that have deployed data capture, content management, processing and reporting analytics tools have enjoyed stronger patient care performances, while 54 percent have seen real financial gains.
Balance is everything
When it comes to deploying new solutions that will not only be involved in compliance practices, but also have an impact on everyday operations and general decision-making, every step must be prescribed and structured to avoid risk and achieve rewards. As such, business leaders must be intelligent and diligent in their planning for reporting analytics and other content management-related investments over time.
When in doubt, working with a reliable provider of automation solutions can be an exceptional lifeline, ensuring the expertise and skill needed to safely and productively get these projects off the ground are ready for the taking.