Data analysis is everywhere, across every industry. Even in an arena such as grocery stores, predictive analysis can help managers and companies not only know how much of certain items to order to reduce excess and waste; it can use analysis to anticipate the success of new items based on factors such as regional preferences, season of the year, or numerous other factors. It should come as no surprise that healthcare services analytics can significantly benefit all types of healthcare facilities, from small practices to the largest hospitals. What are some ways that these analytics can help?
Timely Patient Information
How accessible is patient information to everyone who needs it? Does the data have to be “pulled” by the doctor, nurse, or other staff members, or is the pertinent information “pushed” to them so it can be acted on more quickly? Analytics can help predict when staff will need specific information, and through the use of tools such as tablets and other connected devices, patient data can be sent exactly where it needs to be.
Physician Scheduling
It’s increasingly common that groups and hospital staff team members to work at multiple locations across the week or the month. With an analysis of past appointments as well as predictions about future ones, the scheduling team can help ensure that physicians are staffed at the most sensible location to maximize patient support.
Managing Claims
Healthcare insurance companies have an enormous amount of data to process. By taking advantage of healthcare analytics, they can provide better support and service to their customers in several ways. Claims can often take convoluted routes from submission to approval, and software can help you keep better track of that path, enabling you to inform your patients in a more timely way as to their claim’s status. On a broad level, analysis of data can help companies determine whether policies are financially practical and how adjustments might affect patients and their payments in the future.
Tracking Donations and Grants
At an institution level, receipt of donations and grants is essential to ongoing facility existence. By predicting donor support by prior gifts, time of year, or other influential factors, your organization can better predict incoming funding and even adjust techniques to help increase financial aid.
If you’re interested in learning more about how your organization can benefit from healthcare services analytics, contact Standpoint Software today to schedule a consultation.