2. An Overview of Analytics in Healthcare Providers
For the most part, analytics is just beginning to be employed in most healthcare provider organizations. However, it offers a high degree of potential to immediately improve patient safety and the financial and operational performance of the healthcare enterprise. Given the rapid rise in adoption of electronic medical records (and reimbursement based on their “meaningful use”), we expect to see considerable advances in the use of analytics by providers over the next five years as analytics provide the foundation for improved clinical quality and reduced cost of care.
There are two major areas of analytical activity in provider organizations:
• Financial ...
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