The US
healthcare industry is struggling with various issues such as sky rocketing
care costs, substandard or inconsistent care services and inaccessibility to
timely care. Cost, quality and access issues have increasingly become larger
than ever as healthcare expenditure per capita is 2.4 times higher than that of
other developed countries and is estimated to increase 67.9 percent over the
next ten years. These concerns are taking a toll on the healthcare system.
However, big data analytics in healthcare
shows that the current challenges which the healthcare industry is facing are worsening
due to other forces such as globalization, healthcare tourism, changing lifestyles,
chronic diseases and the advent of new medical technologies and treatments.
To counter
these challenges, Healthcare providers can upgrade their financial, clinical,
and patient-care access data by applying the power of analytics. Actionable analytics for healthcare providers brings insights on how to keep pace with the rapid
changes that the industry is undergoing. With the right healthcare data and
healthcare analytics, healthcare organizations can ensure long-term success.
Analytics addresses the following
objectives:
1. Improve
clinical effectiveness and patient satisfaction
·
Improve
patient safety and reduce medical errors
·
Improve
wellness, prevention and disease management
·
Improve
customer satisfaction, acquisition and retention
2. Improve operational effectiveness
·
Reduce
costs and increase efficiency
·
Optimize
catchment area and network management
·
Increase
operating speed and adaptability
3. Improve financial and administrative
performance
·
Increase
revenue and ROI
·
Improve
risk management and regulatory compliance
·
Reduce
fraud and abuse
Saviance
has deep domain expertise in Big Data analysis in the healthcare sector. Team
Saviance is equipped to bring actionable analytics for providers and other
caregivers in the right manner to set the future vision and improve business outcomes.
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