How Data Visualization can reduce the cost of care?

Many key performance indicators (KPIs) are used by healthcare organizations to measure themselves, including patient satisfaction, patient safety, staff-to-patient ratio, and patient wait time. One of the tools that firms can use to improve these and other indicators is business intelligence (BI) software. Data from patient questionnaires and surveys, electronic health records, and other sources can be used in BI tools to create visualizations and reports. BI insights can aid a business in improving patient outcomes, increasing profits, and improving the patient experience.

Better patient outcomes

Every healthcare organization’s primary obligation is to treat patients, and acting on insights gained from BI tools can help improve patient outcomes.

 

Tracking patient stays

Healthcare companies must strike a balance between the requirement to retain patients in-house for as long as medically necessary and the need to maximize the space they have available. Patients who are released too soon risk medical consequences, whereas those who are kept too long may be an indication of organizational inefficiency. Organizations can use BI technologies to see if patients are staying for a specified amount of time. Managers can sort data on average stay length by condition, for example, to evaluate if the goal stay lengths for patients with specific conditions are being met.

Tracking patient outcomes

Healthcare organizations need to know whether treatments are effective so that they may assess and adjust their care methods as needed, as well as provide follow-up treatment. Obtaining reliable statistics on patient outcomes, however, can be problematic because patients often recuperate at home and may not contact the healthcare organization again, even if issues arise.

Organizations can collect data through surveys and follow-up calls to determine overall treatment success, and if patients return for more therapy, they can collect data and reconcile it with data from previous patients’ stays. The results of BI reports can then be used to determine which therapies have been the most effective. These data can help healthcare organizations improve their treatment procedures, assess drug efficacy, and make staffing decisions.

Improving patient safety

Patient safety is an important KPI for healthcare businesses since the last thing they want to do is exacerbate a patient’s illness or cause a new one to emerge. Healthcare firms can use BI technologies to track safety risks. For example, a BI tool may generate a graphic listing all complications over the previous year by category, allowing a company to discover areas for development.

Reducing the readmissions

Readmissions are expensive for hospitals and inconvenient for patients. High-risk patients must be identified and given the instructions and care they require so that they are not forced to return for extra treatment soon after being released. Administrators can use BI tools to sort readmission rates by a condition or patient demographics, and then apply strategies aimed at reducing avoidable readmissions. Other KPIs, such as average length of stay, can also be tracked and analyzed using BI tools to determine if they indicate to reasons for avoidable readmissions.

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