1. Business Intelligence In Healthcare
Business intelligence plays a major role in the well being and success of the medical sector worldwide.
The medical field is facing many challenges today and as a result, there is a need to incorporate
medicine with the latest technology so as to improve clinical performance of medics with patient safety
and satisfaction. Through BI, it is easy to collect data and put it to best use for improved decision
making. In this sense, it is a great tool in modern healthcare industry as it helps address major
challenges faced in the industry, especially in data quality as well as distribution which helps achieve
accurate patient records. Thanks to business intelligence, healthcare costs have considerably reduced. It
is easier to develop comprehensive understanding of complex situations since there is sound updated
data which leads to evidence-based decisions.
Thus, implementing BI solution in the medical organization will have a direct impact on the quality of
patients' safety services. One can easily determine the key performance indicators (KPI) in the
healthcare industry such as accounts receivable, profits and cost incurred in research as well as
innovation in medicines and health services.
BI helps in developing treatment protocols based on the data available and from the analysis derived
from the data, one can track the cost of inputs and rendered services. Thus, at the end of the day, there
will be reliable information for making cost-effective decisions. It gives a comprehensive understanding
of how things are running in the organization with impeccable accuracy. BI provides irrefutable data that
can be used to seek funding, partnerships and contracts that can lead the healthcare organization
towards great success. Such information is also useful in seeking research grants from governments and
organizations.
Supporting the work flow, Business Intelligence provides accurate monitoring of the workers’
performance and helps in establishing integrity in the medical profession. It also helps in disseminating
vital information to both patients and doctors. With the latest innovations in IT, information
dissemination in seminars and medical councils has turned comparatively easier. Earlier, it was difficult
to distribute much-needed information to staff and patients without the help of skilled and competent
medical worker. But now, with the help of BI, better ideas are easily disseminated to one and all.
Business intelligence reveals patterns, anomalies, key variable and various relationships that foster
intelligent decision making and enhanced development of the hospitals. Some of the latest and good
providers of BI include:
Dimensional Insight: This company is popular for making a BI tool known as Diver Solution. It was
ranked best by KLAS, a research firm.
Information Builders: This company sells a system known as Web FOCUS, which is well respected by
critics and therefore it's a good product for business intelligence in healthcare industry.
2. IBM: This renowned computer company came up with a business intelligence system known as Cognos
8.
McKesson: A healthcare-specific vendor that came up with a system for BI known as ‘Horizon Business
Insight’.
SAP XI Data Analytics: Another great system designed for BI
Carefx: A healthcare IT company which offers solutions, such as Fusionfx, that streamline and simplify
clinical and business workflow.
Microsoft Amalga: This is a unified health enterprise platform designed and sold by Microsoft. Microsoft
Office PerformancePoint Server is another BI software product released by Microsoft in 2007.
Some other significant BI platforms include Cerner Store Power Insight, Humedica, MinedShare,
Mediware Insight and Omnicell Pandora.
Below are the links of some of the case studies on BI in health facilities and health industry.
http://tdwi.org/articles/2011/07/11/case-study-employinq-business-intelligence-to-achieyeoperational-excelleni
http://www.anodynehealth.com/case-studies/business-intelligence-case-studies.php
http://www.anodynehealth.com/case-studies/medical-practice-business-intelliqence.php
http://searchbusinessanalytics.techtarget.com/report/Business-intelligence-in-healthcare-Special-report
Note that these are only some of the few case studies from the diverse pool of BI research. In
conclusion, business intelligence in the health care industry is a very important investment. This is
simply because it provides avenues through which people can look into the past and come up with very
meaningful findings that they use to better understand today's occurrences and make strategic
decisions for the future.