3 ways data analytics reimagining the healthcare industry

Digital technologies are revolutionizing businesses which has a tremendous impact on the global healthcare environment. Hospitals will benefit from digital transformation as technology support helps make healthier logistical decisions and has a faster response rate to essential operational tasks. 

These will eventually improve the efficiency and quality of care, as well as the patient's overall hospital experience. Globally, investment in technology to drive digital transformation has skyrocketed to USD 1 trillion and is likely to expand exhibiting a CAGR of 10.4% year over year. Around 90% of healthcare professionals witnessed elevated performance via digital transformation.

One of a hospital's key responsibilities is to offer the appropriate care promptly. This entails assessing and precisely determining the appropriate treatment plan while also effectively managing hospital resources. To make things easier for hospitals, caregivers, the technology orders, computes, collects, and manages medical, surgical, and pharmaceutical supplies can help hospitals save money on supply chain and inventory management. 

The fight against COVID-19 has relied heavily on health data and big data analytics. The information is arriving at a near-constant rate. The analysis of the health data has resulted in a greater understanding of response to people and treat them. As a result of the pandemic, a vast amount of health data has been collected and modified, enabling larger and better analytics. Unfortunately, COVID-19 put a sharp spotlight on health care's most serious challenges.

Payment processing and invoicing, harnessing patient records, and data management for managing patient medical records, administrative data, transcript & clinical notes, connected device data, and patient surveys are just a few of the challenges that healthcare industry players face when working traditionally. 

Read this whitepaper to understand:

  • Technology, data, and pandemic
  • Key challenges in the healthcare industry
  • How is data analytics transforming the healthcare industry's overall operations?
  • Market trends to watch for in 2022
  • What the future holds?

Author Name: Nitish P.

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