Industry News: February Recap 2018

By | 2018-03-08T23:23:07+00:00 March 8th, 2018|

Trends in the hospital and health system industry are shifting faster than ever before. It isn’t easy to stay current with news and happenings, so let us take care of the legwork for you with a look at some of the biggest headlines from February. Looking back, we see the C-Suite is becoming more interested than ever in the power of  predictive analytics, which are proving their value across the hospital organization.

CIOs are embracing analytics
The fact that CIOs are realizing the potential impact of increasing the utilization of data and analytics in healthcare organizations isn’t new, but the “we should” mindset is turning a corner to “we will.” According to a recent study from the International Data Group, 47% of CIOs plan to increase their spending on predictive analytics in the next few months, and 37% said they are actively researching predictive analytics or have it on their radar. Efficiency improvement is topping the list of the most important things on which to focus, according to healthcare leaders Don Wegmiller and Dr. Brita Hansen, and adoption of predictive analytics falls into ways to achieve that goal.
Source: Health IT Analytics & Becker’s Hospital Review

Big data analytics are proving their worth
Catholic Health Initiatives (CHI), one of the top ten biggest healthcare systems in the nation, shared its own case study around how not only using, but understanding the data and its important relationship to the organization as a whole, helped improve CHI’s efficiency. According to James Reichert, MD, PhD, Vice President of Analytics and Transformation at CHI, “You can’t improve if you can’t identify where your gaps are, where the opportunities are, where you’re achieving excellence, and how effective your changes are. We recognize that we need data to support what we’re doing.”
Source: Health IT Analytics

HIMSS18 is here to show us what’s next
The much anticipated event, HIMSS18, is finally here and the healthcare industry is buzzing to see what the future holds for hospitals and health systems. Per HIMSS’ own predictions, technology and its implementation will take center stage at this year’s conference, as well as  hospitals’ relationships with technology in the continued quest towards value-based care. Technology is permeating all facets of healthcare; predictive analytics is even making an appearance at the Nursing Informatics Symposium portion of the conference this year. As always, we’re looking forward to seeing what new innovations this year’s event will shed light on.
Source: HIMSS & Healthcare IT News

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