How AI, Data and Analytics Can Transform the Healthcare Landscape
Rapid innovation in the use of analytics and data-driven technology, including artificial intelligence (AI), is shaping nearly every aspect of the modern world. From personalized fitness trackers to algorithms feeding Netflix users their next favorite series; this technology has vast potential to transform healthcare as well. And to some extent, it already has.
Data analytics is being used to drive innovation, helping diseases get detected sooner. It’s also moving care closer to home with telehealth offerings, for example.
Six key benefits of data analytics in health care:
- Predict risks sooner: By collecting volumes of data, healthcare organizations can identify common symptoms and causes of conditions and diseases, helping doctors spot risks and implement treatment sooner.
- Stronger decision making: Healthcare professionals can leverage big data to create unique and effective treatment strategies by exploring treatments that showed success in specific cases and connecting them to successful outcomes.
- Personalized care: Using big data analytics tools, hospitals and other healthcare centers can track patients that have repeated procedures or conditions and use predictive tools to create a more tailored and success-oriented plan for their treatment in the future.
- Service delivery improvements: Hospitals can use software to predict busier times and appropriately plan to meet demand by scheduling more staff and reducing wait times and bed shortages.
- Improved record-keeping: Storing medical records electronically, as opposed to on paper, improves efficiencies in workflow by reducing the time required to pull charts manually. Additionally, electronic medical records (EMR) improve access to comprehensive patient data, help to manage prescriptions, and provide remote access to patients’ charts, for instance.
- Cost savings: With data improving patient care and healthcare facilities’ efficiencies, treatment costs and other expenses can be minimized.
Three Healthcare Pioneers Leading the Charge
The following organizations, spanning vastly different corners of the healthcare industry, act as a model for those seeking progress. They not only understand that the right digital foundation in healthcare landscape is essential to facilitating better care by ensuring better outcomes, efficacy, and equity; they act on it.
efficientC, a software platform with denial prevention technology that accelerates revenue generation for hospitals, combines the capabilities of a clearing house and claims scrubber with the power of analytics. This innovation enables hospitals and healthcare providers to get their claims paid by insurers faster and with fewer denials.
Thanks to its partnership with Sisense, efficientC has achieved a high degree of differentiation in the market. “We truly have the best product in the denial prevention space,” says Michael Schram, Director of Product Development and Strategy at efficientC.
“Sisense has been a game-changer in the healthcare landscape and will continue to be as we move forward and extend our brand into the analytics and AI space.”
Then there’s Dutch-based SaaS provider Gerimedica, a company that focuses on delivering the best software and services for healthcare professionals in the aged care sector. In the digital transformation era, it recognizes that the best software empowers healthcare professionals to harness big data and make decisions based on data-driven insights.
Noticing that multidisciplinary electronic medical records (EMRs) were falling short of delivering insights that have a meaningful impact on the level of care patients receive, GeriMedica turned to Sisense for a solution.
With Sisense, customers are now fully empowered to deliver and improve patient-care paths based on actionable insights. “The power of Sisense is not only in the dashboards or the web app but also in notifications,” says Hamza Jap-Tjong, Head of Analytics at Gerimedica Inzicht.
“Health professionals now have access to alert dashboards that highlight the patients who are struggling or not making anticipated progress. They are able to connect the dots between clinical and operational data and focus their discussions on a handful of patients, which has really improved the way they give care.”
Glytec is a third standout in the industry for its innovative use of business intelligence (BI) to propel the healthcare industry forward. With access to Glytec’s patented and FDA-cleared software and data reporting, healthcare providers have the analytics insights they need to improve patient outcomes, decrease length of stay and readmissions, cut instances of hypo- and hyperglycemic events during hospital stays, and — contrary to popular assumptions in the healthcare space — significantly reduce the costs associated with insulin management.
By giving the healthcare community access to the right data with the support of Sisense’s BI and analytics platform, Glytec was able to rapidly analyze patient data across health systems. It was able to demonstrate how glycemic management correlated with outcomes for people hospitalized with the COVID-19.
“The data is clear. While the shortage of PPE and frequent patient contact are a risk to healthcare establishments, appropriate glucose monitoring and management of insulin on an hourly basis is critical when compared to the potential mortality rate and the costs associated with longer hospital stays,” says Robby Booth, Founder and SVP at Glytec.
The Future of Healthcare is Paved in Business Intelligence
Improved access to data insights impacts nearly everything in the world from making automobiles safer to helping grocery stores stock shelves more efficiently. And in health care, this data might just save lives.
As vast amounts of data are collected across EMRs, ERPs, b****** systems, and more, healthcare organizations need powerful end-to-end business analytics to prepare and analyse their data. This will provide a comprehensive, 360-degree view, providing a whole host of benefits all the way from providers to patients.
Currently, Sisense goes beyond traditional business intelligence by providing organizations with the ability to infuse analytics everywhere, embedded in both customer and employee applications and workflows. Sisense customers are breaking through the barriers of analytics adoption by going beyond the dashboard with Sisense Fusion – the highly customizable, AI-driven analytics cloud platform, that infuses intelligence at the right place and the right time, every time. More than 2,000 global companies rely on Sisense to innovate, disrupt markets and drive meaningful change in the world. Ranked as the No. 1 Business Intelligence company in terms of customer success, Sisense has also been named one of the Forbes’ Cloud 100, The World’s Best Cloud Companies, six years in a row.
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