Healthcare organizations worldwide have begun using reporting and analytics principles to improve the quality of care they provide. This development comes as no surprise, as healthcare reporting can give organizations valuable insights into the patient care experience.
Healthcare reporting and Big Data analysis have numerous other benefits as well. According to the National Center for Biotechnology Information, these practices that leverage Big Data can increase earlier diagnosis and improve the effectiveness of treatments, patient safety, and the prediction of patient outcomes
With so many potential benefits, many healthcare organizations are seeking ways to enhance their reporting and data analysis capabilities. Let’s take a closer look at what healthcare reporting is and how it can be used to improve the entire care experience.
What Is Healthcare Reporting?
While there is no exact definition of “healthcare reporting,” the term generally refers to the use of “Big Data” to improve upon the patient care experience. Healthcare reporting and analytics can also help stakeholders streamline communication between their organizations and auxiliary entities such as vendors.
Healthcare reporting can be broken down into two core stages: reporting and analytics. During the reporting phase, the organization will gather massive amounts of data from its various platforms. After the data is collected, executives can then analyze it.
Once data is analyzed, it is provided to stakeholders in the form of after action reports. These detailed documents use a combination of numerical data, written text, and graphs to convey important information about the organization’s performance in a specific category. Organizations such as Juvare provide these after action reports so that healthcare leaders can have more precise and accurate data. This data can be used to create specific action plans for improving the care experience.
How New Tech Can Improve Healthcare Analytics
Big Data analytics earned its name due to the sheer size of information that is involved. This term refers to massive datasets that traditional database software cannot effectively capture, store, manage, or analyze. Fortunately, innovative new technologies are capable of efficiently processing these giant datasets. These programs can perform advanced predictive and prescriptive analysis of the data in order to provide healthcare organizations with actionable information.
Predictive and Prescriptive Analytics: The Future of Healthcare Reporting
Predictive analytics is the process of using current and historical data to make predictions regarding future events. Big Data analytics software uses this information to create models that answer questions like “what will happen next?” The analytics technology uses a combination of data mining, statistics, and machine learning software to generate these models. This practice is known as predictive modeling.
Prescriptive analytics is another exciting type of analysis that can provide major benefits for healthcare organizations. This type of analytics also relies on machine learning and is designed to make predictions regarding future outcomes. Unlike predictive analyses, prescriptive analytics also provides leadership with a recommended course of action that will help them reach the ideal outcome.
As machine learning technologies continue to become more advanced, prescriptive analytics is poised to be the preferred reporting and analysis tool for healthcare organizations. This type of data analysis can guide decision-making and assist leadership in creating a world-class care experience.
The Editorial Team at Healthcare Business Today is made up of skilled healthcare writers and experts, led by our managing editor, Daniel Casciato, who has over 25 years of experience in healthcare writing. Since 1998, we have produced compelling and informative content for numerous publications, establishing ourselves as a trusted resource for health and wellness information. We offer readers access to fresh health, medicine, science, and technology developments and the latest in patient news, emphasizing how these developments affect our lives.