11 Healthcare Data Analytics Trends to Know
What's driving healthcare's data analytics delirium? Increasingly, it's population health management.
A passion to enhance population health has motivated 25 percent of healthcare organizations to dive into data analytics, according to new Data Analytics and Integration metrics from the Healthcare Intelligence Network (HIN).
With reimbursement for services increasingly riding on readings from clinical outcomes, patient experience and cost of care, the desire to slice and dice patient and population data in order to provide value-based healthcare has never been stronger.
The January 2016 survey identified a number of factors behind widespread analytics adoption. More than three-quarters of responding organizations—77 percent—already have delineated data analytics and integration strategies, the survey found.
Additionally, having applied the actionable information these programs yield to craft population-based interventions, 41 percent already report declines in total spend they attribute to data analytics. Hand in hand with these savings are appreciable spikes in quality ratings, report 58 percent of respondents.
Given their potential cost, risk and utilization patterns, it's not surprising high-utilizers or hot-spotters—patients with frequent ER visits and hospital stays—are the key target of data analytics programs for 74 percent of responders.
But hot-spotters are by no means the only data analytics targets. A majority of adopters—60 percent—collect data on upwards of 75 percent of patient and member populations served.
"As the path to value-based purchasing becomes clearer, care management platforms without a vast warehouse of clinical, claims and cost data that they can draw upon in order to measure provider and organizational performance will flounder," noted Melanie Matthews, HIN executive vice president and chief operating officer. "To survive in healthcare's new 'fee for quality' world, organizations must be ready to back up their claims with hard data."
Here are some other highlights from HIN's inaugural Data Analytics and Integration survey:
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This 40-page report assembles hundreds of metrics on data analytics and integration from hospitals, health plans, physician practices and other responding organizations, charting the impact of data analytics on population health management, health outcomes, utilization and cost.
Breaking down findings by high-responding industry sectors, this report includes the following data points:
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