Infographic: Healthcare and Data Governance

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A new, 2014 Info-graphic from Informatica discussing the potential of thorough data governance in the healthcare industry

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Infographic: Healthcare and Data Governance

  1. 1. Transforming healthcare by putting information to work It’s no secret—healthcare is transforming. The transition to value-based care is well underway; everyone from healthcare delivery organizations to clinicians, payers, and patients feels the impact and has a role to play. Moving to a value-driven model demands agility from people, processes, and technology. Organizations that succeed in this transformation will be those where collaboration is commonplace, clinicians and business leaders wear new hats, and data is recognized as an enterprise asset. Key trends driving healthcare transformation Major economic, social, demographic, technological, and regulatory changes are profoundly reshaping the healthcare ecosystem while greatly elevating the importance of optimized data management. Convergence Value-based care delivery Consumerism Personalized Medicine Technology barriers 40% of healthcare executives gave their organizations a grade of D or F on their preparedness to manage the data deluge. None felt their organization deserved an A.1 Preventive care 2 of healthcare organizations say they aren’t capturing enough of the right information say they’re using electronic health records extensively The cost of bad data 3 15% - 20% 94% 45% $5.5M of lost revenue for an individual business of hospitals have suffered data breaches of hospitals have suffered 5 or more data breaches average cost of data breach, per organization The benefits of knowing and connecting vs. suspecting Transformed healthcare organizations and ecosystems can make more sound decisions based on data, not hunches, across a wide ecosystem. Networked healthcare Analytics as a core competency Strong, actionable relationships Access & use data as an asset Data-driven care Deliver best practice care Knowledge of all partcipants and actors Transformed healthcare organization Take action on what you know Engagement and collaboration 63% of healthcare executives say their organizations are implementing information systems that will support the delivery of care beyond the walls of their facility.4 Benefits of a data infrastructure ”The [big] issue will be how organizations control their data and analysis, and ensure that individual users make decisions on correct analysis and assumptions.” Improve quality of care coordination and services Power accountability and personalized medicine across the ecosystem ”Competing on Analytics: The New Science of Winning,” by Thomas H. Davenport and Jeanne G. Harris Reveal opportunities to increase targeted outreach and marketing efforts Create a competitive advantage for increased market share and reduce referral leakage The data dividend Invest in data to derive the value that‘s available. Value Data Applications Infrastructure Investment Want More? Download Transforming Healthcare by Putting Information to Work now. 1 "Poor Data Management Costs Healthcare Providers," Information Week, July 2012 2 "Challenges with Meaningful Use: EHR Satisfaction & Usability Diminishing," American College of Physicians and American EHR Partners, 2013 3 Ponemon Institute 4 "Poor Data Management Costs Healthcare Providers," Information Week, July 2012

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