Business intelligence (BI)—the process of turning data into actionable information—is a critical capability in the healthcare industry. Business intelligence enables healthcare entities to measure, analyze, and improve across multiple areas of organizational performance.
Most healthcare entities have a business intelligence strategy, but many struggle to get the greatest value from their clinical, operational, and financial data. They may have robust data and the tools for analytic enhancement, but without an interface that facilitates data sharing across departments and job roles and an enterprise-wide commitment to integrating data with business process, they are in effect leaving money on the table. Today’s most competitive healthcare organizations are data-driven.
This paper provides insight into innovative business intelligence in healthcare and steps that an organization can take to get a better return on investment (ROI) from its data.