Hospitals will soon see a significant increase in the use of analytics tools, according to new research from Frost & Sullivan. In fact, new figures show that only 10% of U.S. hospitals implemented health data analytics tools in 2011. That number will grow to approximately 50% adoption in 2016, representing a 37.9% compound annual growth rate (CAGR).
Health data analytics, which the report describes as “advanced analytics techniques applied to clinical, financial, and administrative data that is used to improve the quality and efficiency of patient care,” will become more ubiquitous over the next three to five years.
As the nation modernizes its health information infrastructure, the report notes that historically, healthcare delivery organizations have implemented business analytics that focused on financial and administrative systems. During the last five years, however, implementing clinical IT systems such as EHRs has raced to the top of the priority charts.
Still, the report asserted that the majority of providers have not yet applied advanced data analytics tools that can access information from EHRs to gain actionable insights from this information. The report also noted that providers have yet to integrate clinical information with financial and administrative data–a process that must occur if hospitals want to implement a comprehensive data analytics strategy.
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