In the healthcare industry, mistakes lead to misdiagnoses, improper medical treatment, and, inevitably, hospital readmissions. But business intelligence (BI) is changing that by equipping healthcare professionals with powerful real-time information.
At its core, BI software is all about data analytics. BI software is capable of accepting staggering amounts of data in short periods of time. It uses advanced analysis algorithms to search for trends in the data that even the most experienced statistician cannot find. Because BI can quickly provide deep insights, businesses across industries have utilized different BI software to gain competitive advantages and streamline their workflows. For instance, healthcare organizations use BI to manage their readmission rates.
Readmission refers to the instance a healthcare institution admits a patient within 30 days of that patient’s previous hospital stay. Readmissions usually occur because of:
There are three main reasons why hospitals must strive to keep patients from returning for additional treatments:
BI can help reduce readmission rates in several ways. For instance, by using patient-centric data points such as income level, English proficiency, housing conditions, and community resources, hospital administrators will have greater insight into the welfare of their patients. This knowledge will enable healthcare professionals to factor in their patients’ circumstances, create special care plans to increase the likelihood that their patients will abide by their medical recommendations, and help them prevent expensive readmissions.
Furthermore, by using BI software to merge socioeconomic data with electronic medical records, medical professionals can easily create individual profiles that will predict how likely a patient is going to require readmission, even before care is provided. Predictive analytics allows doctors to adjust the initial care they provide certain types of patients so that the likelihood of readmitting such patients is dramatically reduced.
In addition to helping you lower readmission rates, BI software can also provide your practice with unprecedented levels of care and efficiency. Call us today to get started with proven IT experts.
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