Duang! Healthcare Enters the Era of Data Analytics

Editor’s Note: CDW recently released a report outlining the current state of data analytics adoption in the healthcare industry and forecasting future trends. VCBeat has excerpted and translated the report and infographic as follows:Current Status of Medical Data Analysis• The current healthcare landscape is undergoing new transformations; the industry’s service models are being disrupted, with advanced data analytics methods increasingly being adopted.

• To better understand the use of data analytics in healthcare, CDW Health surveyed 150 healthcare decision-makers in August 2014.

Medical data analysis has become critically important• More than two-thirds of decision-makers in healthcare institutions consider medical data analysis to be one of their top three priorities;

• The primary drivers of medical data analysis are: rising healthcare costs (59%), HER-related stimulus programs (44%), and the ACA legislation (41%);

• The majority of healthcare institutions (67%) have already initiated medical data analytics or have related plans in place. In this regard, smaller healthcare institutions have been relatively slower to act.

Proportion of Respondents Who Identified Data Analytics as One of the Top Three Priorities for Their Healthcare InstitutionsThe adoption of data analysis methods is poised for takeoff.• Healthcare institutions that have been more proactive in data analytics have implemented robust measures, such as increasing investment to improve data collection methods, expanding data storage capacity, and innovating data analysis techniques. Many institutions have developed detailed investment plans targeting these areas;

• Many institutions have already reaped the benefits of data analytics in clinical care (improving patient outcomes, 82%) and administrative management (enhancing financial reporting, 54%);

• 65% of organizations stated that their investment in data analytics would continue to increase in 2015. The average spending on data analytics per organization was projected to reach $1.9 million in 2015.Future OpportunitiesThe adoption of clinical and operational data analytics will open multiple doors to new worlds for healthcare and related institutions.

Data Analytics in Healthcare