Data analytics is the process of collecting, transforming and modelling data with the objective being to discover useful information that will help in decision making. Data analytics helps organizations make sense of data, which could help explain why more healthcare organizations have been adopting the use of data analytics. This process helps to not only improve their margins as well as efficiency but also drive better patient outcomes and care.
Below are a few tips and advantages that healthcare leaders who are looking at adopt data analytics should consider.
Ask for real-time data
Data analytics affords you access to trends on a monthly basis, which removes the need for you to rely on historical data which may not be as accurate.
Ensure you evaluate the data infrastructure
The success of data management and governance will depend on whether your system’s ability to capture and analyze data is well integrated. Therefore, ensure that the systems are up to the challenge before they are used.
Teach your employees
Given that technology is rapidly evolving, your employees may need help to understand the data generated by your systems. Therefore, you should make sure that they understand what the vast amounts of data mean, how actionable insights can be drawn from it and how the data impacts the organization.
Investing in data knowledge is key
If you plan to implement the use of data analytics in your organization, ensure that staff attend educational workshops that will help improve performance as well as enhance employee engagement and retention and boost morale. This will help achieve goals more effectively.
There are many benefits to deploying data analytics, including the following:
Removes the need to enter data manually
There are organizations that still rely on paper-based or manual systems for their processes. Studies suggest that almost 90% of spreadsheets contain errors, which doesn’t make them very reliable. Adopting the use of data analytics reduces reliance on a manual process, thereby decreasing the chance of inaccurate data or human error.
Ensures accuracy of data
These systems aren’t prone to error like manual systems are, which makes them more reliable as well as accurate.
Ensures the right data is captured
A recent survey found that roughly 11% of healthcare organizations are utilizing big data effectively to improve healthcare quality and decrease costs. The use of data analytics eliminates lower-impact or unnecessary data and allows the organization to focus on what’s important, which ensures that the right data is used to make informed decisions.
Companies such as RYAH Group Inc. (CSE: RYAH) are already showing how much of an aid analytics can be in the health sector by offering with an app that leverages existing data to foster the education of patients about available plant-medicine options for the different conditions they face.
NOTE TO INVESTORS: The latest news and updates relating to RYAH Group Inc. (CSE: RYAH) are available in the company’s newsroom at https://ibn.fm/RYAH
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