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Business analytics in health sector
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Business
Analytics in
Health Sector
B Y
M e l v i n Vi n c e n t
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Introduction
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• Business Analytics has a widespread usage in health sector
• Today, business analytics technology is helping healthcare organizations
regulate existing data to improve clinical and business operations. In
addition, it is also helping to individualize services within existing
communities.
• Today, business analytics technology is helping healthcare organizations
regulate existing data to improve clinical and business operations. In
addition, it is also helping to individualize services within existing
communities.
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Predictive Analysis
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• Predictive analytics uses technology and statistical techniques to
search through enormous amounts of information to analyze it and
thus predict outcomes for individual patients
• A huge benefit of predictive analytics is that it helps physicians with
individual patients.
• By providing better diagnoses and treatment targeted to the
individual, more positive outcomes are reached and fewer resources
are used – including the physician’s time as well as that of the staff.
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Advantages
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• Analytics are changing roles in the healthcare industry
• Analytics has changed the way the healthcare world operates.
• With the ability to transform the way medicine has been practiced for
years, analytics have resulted in improved health, reduction in
diseases, and more satisfied patients and physicians
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Role of Data Analysist in health care
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• Health care analytics is a term used to describe the healthcare
analysis activities that can be undertaken as a result
of data collected from four areas within healthcare.
• claims and cost data, pharmaceutical and research and
development (R&D) data, clinical data (collected from electronic
medical records (EHRs)), and patient behavior and sentiment data
(patient behaviors and preferences, (retail purchases e.g. data
captured in running stores)