Industry News: December 2017 Recap

As we begin the New Year, it’s time to look ahead and predict what will happen across the industry in 2018. But as we look forward, it’s also important to reflect on the hospital and health systems trends that closed out 2017. So to put the predictions in context, we’re revisiting the most talked about hospital analytics topics from December.

Consumer interaction with healthcare providers is changing
As healthcare becomes more and more consumer-focused, organizations are relying more heavily on what big data analytics can do for them, which in this case is continuing to personalize care even further. Harnessing this data can make all areas of a hospital operate more fluidly, which in turn will improve patient experience. According to Health IT Analytics, “Within the next ten years, full fee-for-service will simply become untenable, and organizations that have not embraced big data analytics as the lifeline to guide them to more stable ground will start to wish they had planned their transition a little sooner.”
Source: Health IT Analytics

Hospital CIOs are realizing the value of analytics
According to a Spok survey of CHIME members, 40% of hospital CIOs plan to make launching a healthcare analytics platform a top priority in 2018, with EHR integration, physician buy in, and IT adoption coming in as the other main goals for the new year. The consumer-focus shift is not absent from this trend either. “Almost half (45 percent) of respondents indicated they’re evolving patient portals and half have added a Patient Experience Officer (or equivalent) to their team,” per Healthcare Informatics.
Source: Healthcare Informatics & Health IT Analytics

The clinical analytics market is continuing to grow
A study from Market Research future revealed that the global market for clinical intelligence software is set to grow 12.5 percent between now and 2023. This growth isn’t surprising, given the industry-wide need to provide the best possible care at the lowest possible cost. The healthcare analytics market is a part of the growth as well, projecting an increase “for technologies that can identify opportunities for financial savings, reduce clinical and operational waste, and improve the patient experience,” via MarketStudyReport.com.
Source: Healthcare IT News & Health IT Analytics

It’s clear the common thread with these trends is a desire to constantly improve how we deliver care to patients and their experience with healthcare organizations. Big data analytics tools in hospitals will only become more prevalent as these trends begin to yield results over the coming year.

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