Turning Hospital Data into Dollars

<p>How hospitals can leverage their data to provide better care and improve their bottom lines. Although there are countless (ever-growing) ways to employ hospital data to increase operational efficiency and improve patient care, looking at things from both the consumer/patient and business/hospital viewpoints, I have compiled a list of some of (what I think are) the best ones:  Diagnosing Improved Treatment/Better Quality of Care  Fewer Readmissions  Optimized Scheduling  Lessened Burnout Reduced Costs  Higher Patient Satisfaction     Consumer/Patient Viewpoint On the consumer/patients’ end of things, shared data across platforms and systems enables fast and accurate diagnoses, allowing hospitals to offer them the…</p>

<div data-elementor-type="wp-post" data-elementor-id="1398" class="elementor elementor-1398" data-elementor-post-type="blog"> <section class="elementor-section elementor-top-section elementor-element elementor-element-c1d80d7 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="c1d80d7" data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7326635" data-id="7326635" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-156058f elementor-widget elementor-widget-text-editor" data-id="156058f" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p><span style="font-weight: 400;">How hospitals can leverage their data to provide better care and improve their bottom lines.</span></p> </div> </div> <div class="elementor-element elementor-element-3b08acb elementor-widget elementor-widget-image" data-id="3b08acb" data-element_type="widget" data-widget_type="image.default"> <div class="elementor-widget-container"> <a href="https://www.pexels.com/photo/photo-of-doctor-looking-deeply-unto-the-screen-7088530/" target="_blank" rel="noopener"> <img decoding="async" src="https://cdn.datalakehouse.org/media/sites/3/pexels-mart-production-7088530-scaled.jpg" title="" alt="" loading="lazy" /> </a> </div> </div> <div class="elementor-element elementor-element-59d174a elementor-widget elementor-widget-spacer" data-id="59d174a" data-element_type="widget" data-widget_type="spacer.default"> <div class="elementor-widget-container"> <div class="elementor-spacer"> <div class="elementor-spacer-inner"></div> </div> </div> </div> <div class="elementor-element elementor-element-fcb6a4b elementor-widget elementor-widget-text-editor" data-id="fcb6a4b" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p><span style="font-weight: 400;">Although there are countless (ever-growing) ways to employ hospital data to increase operational efficiency and improve patient care, looking at things from both the consumer/patient and business/hospital viewpoints, I have compiled a list of some of (what I think are) the best ones: </span></p><ul><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Diagnosing</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Improved Treatment/Better Quality of Care </span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Fewer Readmissions </span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Optimized Scheduling </span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Lessened Burnout</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Reduced Costs </span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Higher Patient Satisfaction    </span></li></ul> </div> </div> <div class="elementor-element elementor-element-cdae553 elementor-widget elementor-widget-spacer" data-id="cdae553" data-element_type="widget" data-widget_type="spacer.default"> <div class="elementor-widget-container"> <div class="elementor-spacer"> <div class="elementor-spacer-inner"></div> </div> </div> </div> <div class="elementor-element elementor-element-dc9e3cf elementor-widget elementor-widget-heading" data-id="dc9e3cf" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h2 class="elementor-heading-title elementor-size-default">Consumer/Patient Viewpoint</h2> </div> </div> <div class="elementor-element elementor-element-8bcc106 elementor-widget elementor-widget-text-editor" data-id="8bcc106" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p><span style="font-weight: 400;">On the consumer/patients’ end of things, shared data across platforms and systems enables fast and accurate </span><a href="https://www.itnonline.com/article/building-future-ai-through-data" target="_blank" rel="noopener"><span style="font-weight: 400;">diagnoses</span></a><span style="font-weight: 400;">, allowing hospitals to offer them the best possible outcomes. </span><a href="https://www.itproportal.com/features/the-power-of-data-driven-thinking-in-hospitals/" target="_blank" rel="noopener"><span style="font-weight: 400;">IoT sensors</span></a><span style="font-weight: 400;"> monitor patients and provide clinicians with real-time updates, allowing them to act fast when immediate care is needed. Physicians can also utilize predictive analytics to offer </span><a href="https://healthinformatics.uic.edu/blog/how-health-care-analytics-improves-patient-care/#:~:text=In%20the%20context%20of%20the,at%20risk%20for%20chronic%20diseases." target="_blank" rel="noopener"><span style="font-weight: 400;">early intervention</span></a><span style="font-weight: 400;"> to patients who are at high-risk for chronic diseases. Machine learning algorithms can distinguish both positive and negative patterns in treatments for specific patients and recommend the best course of action, which enables health-care professionals to make optimal decisions regarding their care. Artificial intelligence also allows clinicians to spend more time interacting with patients, resulting in a much more </span><a href="https://www.itnonline.com/article/building-future-ai-through-data" target="_blank" rel="noopener"><span style="font-weight: 400;">personalized</span></a><span style="font-weight: 400;"> level of care. Providing patients with more accurate, personalized care not only betters their health overall, it can also potentially benefit them </span><a href="https://healthinformatics.uic.edu/blog/how-health-care-analytics-improves-patient-care/#:~:text=In%20the%20context%20of%20the,at%20risk%20for%20chronic%20diseases." target="_blank" rel="noopener"><span style="font-weight: 400;">financially</span></a><span style="font-weight: 400;"> by reducing their treatment in the hospital, as well as their likelihood for readmission. </span></p> </div> </div> <div class="elementor-element elementor-element-7e38258 elementor-widget elementor-widget-spacer" data-id="7e38258" data-element_type="widget" data-widget_type="spacer.default"> <div class="elementor-widget-container"> <div class="elementor-spacer"> <div class="elementor-spacer-inner"></div> </div> </div> </div> <div class="elementor-element elementor-element-6139471 elementor-widget elementor-widget-heading" data-id="6139471" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h2 class="elementor-heading-title elementor-size-default">Business/Hospital Viewpoint</h2> </div> </div> <div class="elementor-element elementor-element-99125ce elementor-widget elementor-widget-text-editor" data-id="99125ce" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p><a href="https://www.itproportal.com/features/the-power-of-data-driven-thinking-in-hospitals/" target="_blank" rel="noopener"><span style="font-weight: 400;">Real-time data</span></a><span style="font-weight: 400;"> offers quick intel on which resources are available in terms of both equipment and staff, enabling faster patient care and resulting in more </span><a href="https://www.itnonline.com/article/building-future-ai-through-data" target="_blank" rel="noopener"><span style="font-weight: 400;">efficient clinical workflow</span></a><span style="font-weight: 400;"> as well. In turn, this equates to less administrative work for clinicians and offers a healthier, more fulfilling work environment. Physicians can use the data to easily prioritize patients based on their individual needs and the level of severity of their condition. With early intervention helping to prevent long-term systemic costs, data can significantly </span><a href="https://healthinformatics.uic.edu/blog/how-health-care-analytics-improves-patient-care/#:~:text=In%20the%20context%20of%20the,at%20risk%20for%20chronic%20diseases." target="_blank" rel="noopener"><span style="font-weight: 400;">reduce costs</span></a><span style="font-weight: 400;"> for both patients and hospitals alike. Consequently, lower costs equal higher profit and/or better allocation of resources. Additionally, from a marketing standpoint, appropriate care and exceptional service experiences lead to happy patients who become </span><a href="https://www.physicianspractice.com/view/art-converting-your-patients-brand-advocates" target="_blank" rel="noopener"><span style="font-weight: 400;">brand advocates</span></a><span style="font-weight: 400;"> with the power to lead other customers to those services. In the event a hospital visit is necessary, these satisfied consumers are also highly likely to entrust you with their loved ones over other hospitals they aren&#8217;t familiar with (or may have had prior negative experiences at, due to slow care, inaccurate diagnosis, a lack of personalized and/or face-to-face care, etc.). </span></p><p><span style="font-weight: 400;">With all of that being said, having a successful data strategy in place is absolutely imperative! And this requires the right tools for the job 😉</span></p><p><span style="font-weight: 400;">DataLakeHouse serves as an end-to-end automated analytics tool with machine learning capabilities for advanced business decision making. To learn more about how your organization can make better business decisions with DataLakeHouse, get in touch with one of our team members by clicking below 👇</span></p> </div> </div> <div class="elementor-element elementor-element-296057a elementor-button-info elementor-align-center elementor-widget elementor-widget-button" data-id="296057a" data-element_type="widget" data-widget_type="button.default"> <div class="elementor-widget-container"> <div class="elementor-button-wrapper"> <a class="elementor-button elementor-button-link elementor-size-sm" href="https://www.datalakehouse.io/contact-us/"> <span class="elementor-button-content-wrapper"> <span class="elementor-button-text">Contact DataLakeHouse</span> </span> </a> </div> </div> </div> </div> </div> </div> </section> </div>