CLOSE

Specials

  • Other
  • Healthcare Consulting
  • Revenue Cycle Management

I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

Skip to: Curated Story Group 1
healthcarebusinessreview

About us

Solutions/Services Providers

  • Home
  • News
  • Contributors
  • Magazine
  • Conferences
  • Newsletter

Nominate a Company

Our subscribers nominate the companies with whom they have collaborated and gotten results. If you think there is a company that deserves to be on our upcoming prestigious annual list of Top HealthcareBuisness companies, please write to us about them and the reasons you think they need to be on the list

* 

Thank You!

checkmark

Your nomination request for upcoming annual list of "Top HealthcareBuisness Companies" has been Successfully Sent . We will be in touch with you shortly.

Data not inserted

Thank you for Subscribing to Life Science Review Weekly Brief

  • Home
  • News

Recommended picks

How Digitalization Brings Revolution in the Way Healthcare Payment Systems Operate?

How Digitalization Brings Revolution...

HealthLynked Partners with athenahealth to Provide Improved Patient Experience

HealthLynked Partners with...

Advantages of Software Testing in Healthcare Sector

Advantages of Software Testing in...

Transform into a Smart Hospital with a Health Monitoring System

Transform into a Smart Hospital with...

How AI Turns a Boon to the Healthcare Industry

How AI Turns a Boon to the Healthcare...

Health Monitoring System Can Help Hospitals Become Smarter

Health Monitoring System Can Help...

How to Select the Right Identity Management Solution for Healthcare

How to Select the Right Identity...

How to Leverage AI in Healthcare

How to Leverage AI in Healthcare

How Digitalization Brings Revolution in the Way Healthcare Payment Systems Operate?

How Digitalization Brings Revolution...

HealthLynked Partners with athenahealth to Provide Improved Patient Experience

HealthLynked Partners with...

Advantages of Software Testing in Healthcare Sector

Advantages of Software Testing in...

Transform into a Smart Hospital with a Health Monitoring System

Transform into a Smart Hospital with...

How AI Turns a Boon to the Healthcare Industry

How AI Turns a Boon to the Healthcare...

Health Monitoring System Can Help Hospitals Become Smarter

Health Monitoring System Can Help...

How to Select the Right Identity Management Solution for Healthcare

How to Select the Right Identity...

How to Leverage AI in Healthcare

How to Leverage AI in Healthcare

Can Analytics Help the Healthcare Institutions Simplify Business Issues?

By Healthcare Business Review | Monday, January 11, 2021
Tweet

Healthcare analytics allows hospitals to track patient records, histories, and to ensure the right doctors to them. Deploying a prominent healthcare suite also offers improved areas of several operations in the healthcare sector.


FREMONT, CA: Analytics has made a significant impact on the healthcare industry. Starting from fitness bands to robotic surgeries, technology has transformed the healthcare industry. The private sector, as well as the public sector, is hugely benefitting with the healthcare data at their disposal. It represents an excellent opportunity for professionals in the healthcare domain to learn and apply enhanced and improved analytics to overcome business challenges and convert them into success. Below given are some of the instances of how analytics helps in resolving major healthcare problems.


Emergency Rooms and Cost-Efficiency


The high cost of maintenance and restricted availability of the Emergency Rooms (ER) are under intense scrutiny by the payers, government, and employers. Avoidable ER visits emerge from a lack of coordinated medical attention, which push toward a higher cost of care, longer wait times, and the sub-standard outcomes. As a transformative solution, analytics, with consideration of the healthcare sector rules, was used to identify the low-intensity conditions where ER episodes could be avoided.


External Data to Enhance Pricing


A health insurer leverages the predicted claims by external data, in addition to internal factors like age, gender, and the region to decide on the pricing of the policies. Fractal analytics suggested a rating modifier be built the expected claims experience that is informed based on external data. As a transformative solution, the movement explored a lot of traditional and improved machine learning techniques to predict the claims experience at the member level.


Patients Prediction for Staffing


Big data is helping solve staffing problems. Data scientists crunch ten years' worth of hospital admission records using the time series analysis steps. The processed information permits the researchers to see relevant patterns in admission rates and can use the machine learning algorithms to predict future trends. The approach helps the hospital management to draft extra staff only when a high number of visitors are arriving. Application of the big data minimizes the patient wait times and improve the hospital workforce to serve better quality of care and attention.


Weekly Brief

loading
> <
  • Other 2021

    Top Vendors

    Current Issue
  • Other 2020

    Top Vendors

    Current Issue

Read Also

How Digitalization Brings Revolution in the Way Healthcare Payment Systems Operate?

How Digitalization Brings Revolution in the Way Healthcare Payment Systems Operate?

HealthLynked Partners with athenahealth to Provide Improved Patient Experience

HealthLynked Partners with athenahealth to Provide Improved Patient Experience

Advantages of Software Testing in Healthcare Sector

Advantages of Software Testing in Healthcare Sector

Transform into a Smart Hospital with a Health Monitoring System

Transform into a Smart Hospital with a Health Monitoring System
How AI Turns a Boon to the Healthcare Industry

How AI Turns a Boon to the Healthcare Industry

Health Monitoring System Can Help Hospitals Become Smarter

Health Monitoring System Can Help Hospitals Become Smarter

How to Select the Right Identity Management Solution for Healthcare

How to Select the Right Identity Management Solution for Healthcare

How Anesthesiologists can Optimize Revenue Cycle

How Anesthesiologists can Optimize Revenue Cycle
Loading...

Copyright © 2021 Healthcare Business Review . All rights reserved. |  Subscribe follow on linkedin

This content is copyright protected

However, if you would like to share the information in this article, you may use the link below:

https://www.healthcarebusinessreview.com/news/can-analytics-help-the-healthcare-institutions-simplify-business-issues-nwid-90.html