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Designing and operationalising a meaningful healthcare analytics strategy

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As healthcare continues to experience cost challenges, the industry is faced with the need to more aggressively pursue advanced expense reduction strategies, standardised and redesigned care methodologies, reimbursement models and, ultimately, population health. To execute this, the industry as a whole must begin to apply meaning to the vast amounts of data generated by healthcare providers by advancing methods to normalise and standardise this data from the disparate information systems found in the provider setting. Once this is accomplished providers can deploy a meaningful analytics strategy continuum that builds upon current expense reduction practices. Advanced analytics to allow more strategic management of supply expense should then be enhanced with clinical and other patient-related data to drive sophisticated and appropriate care standardisation and redesign efforts. This analytics strategy continuum will allow healthcare to move towards the more widespread application of Big Data and drive population health goals.
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Keywords: Big Data; clinical data; healthcare analytics; healthcare expense; supply chain performance

Document Type: Research Article

Publication date: June 1, 2016

More about this publication?
  • Management in Healthcare is the major new professional journal publishing in-depth, peer-reviewed articles and case studies on leadership, administration and management in healthcare. Content will be written by and for healthcare management professionals and researchers with no advertising or sales pitches.

    Each quarterly 100-page issue – published in print and online – will feature detailed, practical articles on key business issues which cut through the deluge of information facing healthcare management professionals to showcase the latest thought leadership in how to deliver more with less resources while at the same time improving healthcare quality, along with actionable advice and ‘lessons learned’ from fellow healthcare managers to put that strategy into practice. It will not publish advertising but rather detailed analysis of new thinking and practice at a wide range of healthcare providers worldwide for readers to benchmark their organization against, with every article being peer-reviewed by an expert Editorial Board to ensure that it focuses on the healthcare manager’s perspective, the challenges they face and how they can tackle them.

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