How Healthcare Analytics Benefit Hospitals, Health Systems and Purchasers

 

On this episode of Healthcare Analytics Decoded, a Quantros podcast, Quantros Director of Data Science Andrew Johnson joined host Lauren Hickey to explore how hospitals, health systems and purchasers of healthcare benefit from utilizing data analytics software.

Johnson’s healthcare data science work has been published in dozens of scientific publications, and he’s spent time leading HCA Healthcare’s National Group data science team, held faculty positions in Public Health Administration at the University of Kentucky, and currently holds a faculty appointment in Healthcare Informatics at the Medical University of South Carolina.

In particular, Hickey and Johnson focused on the effects of a general shift from a fee-for-service-based model to a value-based one. Johnson said he advocates for any hospital, health system, etc. to have a list of “vital signs” it tracks in terms of metrics and data.

Those “vital signs” should flow down from the organization’s mission statement, but Johnson said there are also three categories of new additions to these signs that healthcare organizations can benefit from – compliance with care-practice models and best practices, outcome measures associated with value-based contracts, and patient experience metrics.

Once those primary “vital signs” – readmissions, length of stay, etc. – are taken care of, it’s beneficial to take a deeper dive into more specific metrics and find a way to compare a healthcare organization to its peers across the nation.

Healthcare analytics software, particularly a quality third-party solution, can help organizations improve performance, gain insights, find mutually beneficial partnerships, and more in a way that doesn’t strain internal teams and EMR solutions.

For the latest news, videos, and podcasts in the Healthcare Industry, be sure to subscribe to our industry publication.

Follow us on social media for the latest updates in B2B!

Twitter – @MarketScale
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale

Follow us on social media for the latest updates in B2B!

Image

Latest

diversity equity
The Key to Increasing Profits? Integrating Diversity and Equity into Recruitments, Promotions and Retention
February 27, 2024

How can organizations truly integrate diversity, equity, inclusion, and belonging (DEIB) into their core operations to not only foster a sense of community but also enhance performance and profitability? Geoffrey M. Roche, Director of Workforce Development (North America) at Siemens Healthineers, brings a wealth of experience in leadership, education, culture, and workforce transformation, emphasizing […]

Read More
Risk management and employee well-being
Merging Risk Management with Employee Well-Being is the Secret to Unlocking Workplace Potential
February 27, 2024

In today’s rapidly evolving business landscape, the convergence of risk management, business insurance, and employee benefits has emerged as a critical focal point for organizations aiming to foster a resilient and thriving workforce. This intersection of risk management and employee well-being addresses not just the physical assets of a company but extends to the […]

Read More
Residential
Draper At Home Announces Residential Sales Director
February 27, 2024

(Spiceland, Ind.) – Draper At Home has announced the appointment of a Director of Sales — Residential. Chris Sitarov will be responsible for Draper At Home Regional Residential Sales Managers throughout the United States. Sitarov joined Draper in 2019 as the Architectural Regional Sales Manager for the Mid-Atlantic states and was most recently Director of […]

Read More
AI In School Safety
Proactively Protecting Schools with Intelligent AI
February 27, 2024

In today’s episode of School Safety Today by Raptor Technologies, Michelle Dawn Mooney sat down with Matias Klein, Founder & CEO of Kognition AI. During the conversation, they discussed leveraging artificial intelligence to enhance security in educational settings. Matias shares his journey from aspiring healthcare professional to tech entrepreneur, emphasizing the role of AI […]

Read More