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

How Does Predictive Analytics Benefit the Healthcare Sector?

By Healthcare Business Review | Friday, January 22, 2021
Tweet

With the healthcare industry beginning to use new technologies like predictive analytics, government health agencies, primary healthcare providers, and doctors must be well aware of the risks and agree on standards.


FREMONT, CA: Technology plays an integral role in healthcare worldwide, as predictive analytics has become highly useful in operational management, epidemiology, and personalized medicine. The healthcare sector, along with its various stakeholders, stands to be a principal beneficiary of predictive analytics, together with the advanced technology being recognized as an integral part of healthcare service delivery. Predictive analytics enables the improvement of operational efficiency. Big data and predictive analytics are, at present, playing an essential role in healthcare organizations’ business intelligence strategies. Although real-time reporting is relatively new, it can provide timely insights into data and can be used to dynamically adjust the predictive algorithms in line with discoveries and insights.


This technology helps scrutinize real-time patient admittance rates to determine the flow, while simultaneously providing a capability to evaluate and analyze staff performance in real-time. For instance, surge issues in hospitals creating bed shortages may be able to be addressed if the data provides insights that can be used to prevent the problem from occurring in the first place.


This, in return, allows for an overall improvement of service delivery to patients, ensuring that they receive the best quality of care. The patients can enjoy an increased accuracy of diagnoses, which allows for more effective treatment of their illnesses.


Operational management can also be beneficial as the technology exists to assess weather patterns such as ambient temperature readings, and calendar variables such as day of the week, time of the year, and public holidays to forecast patients seeking care.


Furthermore, Predictive analytics in the healthcare sector also allows for a more definitive diagnosis of patients, followed by the appropriate treatment of the identified ailment(s). Predictive tools Like remote patient monitoring and machine learning can work hand in hand to support decisions made in hospitals through risk scoring as well as threshold alerts.


To conclude, predictive analytics has a strong and healthy place in the future of healthcare delivery. However, it is essential to remember that the algorithms and models behind predictive analytics are not perfect and have to be made more accountable and transparent with clear human intervention points.


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/how-does-predictive-analytics-benefit-the-healthcare-sector-nwid-91.html