Business intelligence and analytics have become must-haves in today’s challenging health-care environment, according to a new report from research firm KLAS.
Analytics involves extracting useful information from data. Increasingly, it is being used been used by health-care organizations – for example, to track the quality of care in the patient population, provide clinical decision support, understand billing problems, and more.
The report – entitled “Healthcare Analytics Perception 2014: Analytics for Value-Based Care-A New Paradigm” – concludes that the recent shift toward valued-based health care has increased practitioner demand for analytics, and that demand has led to a new wave of products and services.
As a result, health-care practitioners have more and more choices. According to KLAS, health-care providers who were surveyed for the report mentioned that they were considering, all told, 87 vendors for business intelligence and analytics.
Where the market is heading is yet to be determined, says Joe Van De Graaff, author of the report, but “to fulfill short-term analytics needs, many providers report shifting more consideration to vendors with health-care-specific solutions.”
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