We often hear a lot of questions when we talk about healthcare clinical data warehouse, such as: Is data warehousing in healthcare important? How important it is to have a tool like a clinical data factory for Hospitals and Medical Centers? Can business thinking ability (BI) be the answer for hospitals looking for data-driven developments and cost reduction? Yes… with new and superior techniques to handle BI and clinical data warehouse you could unlock the value of data and here’s why.
In a fast transforming healthcare industry, the need for business intelligence (BI) and analytics is perhaps not too difficult to surmise, especially if you look at your personal organization’s business intelligence strategy in terms of long-term and ecological clinical data warehouse. You need to ask is: What exactly is my very own organization’s business intelligence strategy? But regardless of your company’s answer, the term business intelligence can still no doubt be hard define and may have multiple meanings, which leaves institutions wondering where to turn for a solution.
Understanding BI as well as Healthcare Data Warehousing
Simply put, data aggregated from several transactional sources of a corporation or health system can be tidy, catalogued and structured according to your need. All these big quantities of data generated from multiple source systems on your organization enables understanding and facilitates informed evidence-based decision making.
Data/information generated from both internal and external source systems facilitates population-based queries, research and analysis. Inner surface data can be from costing or financial systems or electronic health records (EHR) systems or EMR or even clinical sources and external data can be from status or federal government. The more you use data, the more you achieve greater understanding of it and helps you make informed decisions which might be intrinsic to any organization’s operating efficiency and cost lessen efforts.
Mr. Gaurav Malhotra Medicover Fertility is the Managing Director of Medicover a leading European healthcare group. He has twenty three years of rich experience in healthcare domain, in leading business and change management across MNCs, start-ups, joint ventures and re-engineering organisations. He has won prestigious “Healthcare CEO of the year” award by Economic Times (ET NOW).
Conversely, locating the data you want from the right resource can be a time-consuming manual process. People spend a lot of time and effort to gather or compile the desired data from the diverse programs of your organization and finally come up with something that makes sense for your operatives to be up to date with the required information. This is where Business Thinking ability comes into the picture. It helps in streamlining and scaling the process of converting raw data into meaningful bits of information that permits healthcare managers to take effective decisions and gain considerably better business insight. That’s what BI means.
On the whole, small business intelligence integrates business, financial and clinical data in an effective data warehouse. In other words, healthcare providers use the information gleaned from these data warehouses to be able to streamline person care, patient safety and outcomes while also complying with regulations and standards. Using data gleaned from data warehouse, executives can base their decisions with facts and not merely on intuition.