Guest post by Nora Lissy, RN, BSN, MBA, director of healthcare information, Dimensional Insight.
It’s no surprise that chronic diseases are killing the United States both physically and financially. According to the Centers for Disease Control and Prevention (CDC), seven of the top 10 causes of death in 2010 were from chronic diseases, where two of the conditions—heart disease and cancer—together accounted for nearly 48 percent of all deaths. To add to the problem – effectively treating these conditions comes with an exceedingly high price tag. According to U.S. News & World Report, 86 percent of all healthcare spending is currently going towards the treatment of these chronic diseases, equating to more than $3 trillion annually.
So how can the healthcare industry combat the rise of chronic conditions while keeping escalating treatment costs down?
One of the most effective tools for monitoring chronic disease management while still keeping an eye on care costs is business intelligence. Business intelligence has continued to increase in prevalence within the healthcare industry in recent years. According to a HIMSS Analytics study, 41 percent of hospital respondents reported they currently use clinical and business intelligence tools for their analytics, with that number expected to continue to increase over the next two years. With business intelligence continuing to prove its value within healthcare, physicians are starting to see the true potential of this data-driven tool to positively impact the industry as whole, including with the management and overall cost of chronic diseases.
Below are three ways that business intelligence can help to improve chronic disease management and lower the rising costs of care.
TEKsystems, a provider of IT staffing solutions, IT talent management expertise and IT services, releases the results of a survey that explored the current state of business intelligence (BI) system deployments among healthcare organizations. The research, released in advance of HIMSS14, explores many of the concepts serving as central themes to the annual event, including clinical analytics and BI, as well as data interoperability. Despite the acknowledged benefits that healthcare organizations would realize, the study finds that the vast majority have yet to implement a BI system.
The survey, conducted on behalf of TEKsystems’ Healthcare Services division, represents views of more than 250 healthcare professionals, including senior-level health IT executives and medical staff such as CIOs, directors of information systems and clinical informatics, physicians, and chief nursing officers. Respondents represent a wide cross section of healthcare organizations including hospitals, medical clinics, ambulatory care centers and integrated delivery systems.
Key highlights from the survey include:
Business Intelligence System Implementation Lags
More than half of all healthcare organizations have yet to implement a BI system. Fifty-eight percent of those surveyed indicated that their organization has not implemented a BI system. This number is includes the 36 percent that simply do not have a BI system, 15 percent that do not have such a system but plan to implement one in the next 12 to 24 months and 7 percent that have a BI system but have yet to implement it. Forty-two percent of respondents have implemented and are currently using a BI system.
Finance, operations and clinical care top areas for planned use. Nearly three-quarters of respondents indicated they expected a BI system to be widely used in finance (76 percent), operations (75 percent) and clinical care (71 percent). Interestingly, about half (53 percent), expected it to be widely used for compliance.