by November 13th, 2015on
I am teaming up with CIO David Chou (@dchou1107), an executive with more than 13 years of experience in the healthcare industry to bring you a series of blog posts that provide a unique perspective on some of the healthcare industry’s biggest trends and challenges. David has been named to several “Top Social CIO” and “CIOs to Know” lists. He is a visionary and resourceful leader with expertise in healthcare and digital technology and a proven track record of delivering innovative, state-of-the-art solutions.
In our first post we discussed the Evolving Role of the Healthcare CIO. Our second post, Embracing Digital Transformation took a look at how digital is impacting patient care and the overall mindset of healthcare organizations. In this interview we turn our attention to healthcare data and analytics. We have invited Priyal Patel, Solutions Architect and Consultant at Perficient, to share her healthcare analytics knowledge and insights gained from working with many largest healthcare organizations across the United States.
Before we get started with the interview I would like to invite you all to download our new healthcare analytics trend guide: 10 Healthcare Analytics Trends for 2016. In this guide we take a look at ten analytics trends healthcare executives need to be thinking about in 2016 and beyond. We identify technology strategies and solutions that will help healthcare organizations succeed in a data-driven, digital world.
DAVID: Rising healthcare costs, government regulations and incentives and value-based care initiatives are factors and motivators in analytics. Analytics is the number one priority for CIOs according to Gartner and it is also on top of the CEO’s mind. Healthcare is consolidating, margins are shrinking and reimbursement is declining. When I think of any business motto in providing the best quality of service at the lowest cost, the same rule applies in healthcare. We have to provide the best care for the lowest price and the only way to do that is to invest heavily in analytics. To combat rising healthcare costs, healthcare organization can use analytics and data to start putting together standards in the clinical treatment setting. This ranges from standardizing supplies, implants, and workflows to helping with the identification of patient costs. Every organization should leverage data to make informed decisions. Read the rest of this post »