More than half of health-care organizations have not implemented business-intelligence systems, according to a survey, and that could hurt their bottom lines.
Business intelligence is the transformation of raw data into useful information for business purposes. It shows you what’s going on in your practice and how your practice could improve.
According to the survey of 250 health-care professionals by TEKsystems, 58 percent of physician practices and hospitals have not implemented a business-intelligence system. That includes 21 percent that plan to implement a business-intelligence system in the next 24 months, and 26 percent that have no plans whatsoever.
This is a problem, because data will be at the heart of how health-care organizations get paid as the industry changes from a fee-for-service model to a pay-for-performance model. The survey supports this idea, as 76 percent of respondents expect a business-intelligence system to be widely used in finance.
One reason health-care providers haven’t implemented business-intelligence systems, the study found, is that there is a lack of resources and skills available to help them do so. Thirty-four percent of respondents said that data complexity is the biggest obstacle. That’s where an IT expert can help. If you want to implement a business-intelligence system, and don’t have the IT resources on staff, consider reaching out to an IT expert like us today.