Role Of Business Intelligence In Healthcare
What is Business Intelligence
To turn any business establishment profitable, the managers & the work force is highly reliant on decisions & those decisions are dependent on the kind of information available. This is where Business Intelligence comes into picture
Business Intelligence (BI) refers to technologies, applications and practices for the collection, integration, analysis, and presentation of business information and also sometimes to the information itself. The purpose of BI is to support better business decision-making.
BI systems provide historical, current, and predictive views of business operations, most often using data that has been gathered into a data warehouse or a data mart and occasionally working from operational data.
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Consolidation & protection of data since there would be a single point access of data Better protection of patient data is also possible by providing access to data only to those with appropriate access levels.
b. Improved Efficiency:- Since any type of information & report, whichever is required at any time. This will enable better decision making and improved efficiency
c. Increased revenue & reduce costs :- BI makes it possible possible to eliminate waste and mine data stores to examine and recoup denied claims in healthcare organizations. Costs of: healthcare professionals, lab equipment and consumables, pharmaceuticals/ medical material, treatment per diagnosis and cost per type of medical intervention (e.g. specific medical operation) can be reduced as
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By delivering analysis from multiple sources at once, BI enables organizations to track large amounts of information stemming from clinical activities and identify the most efficient practices. BI helps providers identify trends and anomalies, and analyze risk in clinical care. With a lot of stakeholders involved like doctors, diagnostic centers, pharmacy etc all of them cant function as independent silos. With BI, all constituents can work from the same data over a secure extranet with information personalized based on security credentials. BI’s unique centralized administration and role-based security assures that healthcare providers have security measures at every layer of the architecture. With secure, essential clinical information, individual practitioners can diagnose and prescribe more quickly and provide top quality care with greater peace of
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