This video was brought to you by Rich Dormer and Bryan Covert. Data Interpretation and Analyzation There are three major challenges that hospitals are facing in achieving cost savings: 1. Obtaining, Analyzing and Interpreting Data The issue behind this challenge for hospitals isn’t necessarily that they don’t know how to obtain, analyze and interpret data, but
Linking Analytics to Quality Care The storage, processing, and analysis of big data plays a significant role in the decision-making process in many of today’s industries. The healthcare sector, notably hospitals, must effectively capture and process big data with analytics to achieve higher quality patient care through new technologies. As a result, data analysis plays
Big Data in Healthcare Isn’t Enough – Small Data Is The Answer Big data in healthcare is a term used to describe giant data sets that provide useful information when analyzed. For hospitals to maximize available cost savings opportunities the answers may be in the small data. “Small data is data in a volume and
Proper Data Analytics is Key This research report was compiled by Lisa Miller. EXECUTIVE SUMMARY In 2014, the US healthcare sector was described as an industry “in need of analytics,” yet despite that need, progress towards embracing spend data analytics as normative has been slow and the sector lags behind other industries. Now, the utilization
