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90% of healthcare leaders agree that access to quality data is critical to organizational performance

Company News Healthcare Analytics

In a recent article, HIT Consultant writes about the findings of The Current State of Healthcare Analytics Report, a report on the current state of healthcare analytics platforms conducted by the Healthcare Information and Management Systems Society (HIMSS) and Arcadia.

Among the key findings:

  • A growing demand for healthcare data: Approximately 30% of the world’s data volume is generated by the healthcare industry, with the compound annual growth rate of healthcare data forecasted to reach 36% by 2025. To better managed and act on data, a quarter of healthcare leaders have plans to integrate care team communications and population health management solutions within the next 12 months.
  • Challenges hinder technological advancement: The most significant barrier healthcare leaders face when investing in or upgrading an analytics platform is resources. 71% cite competing priorities, 58% point to staffing challenges, and 47% said they don’t have sufficient budget.
  • Views vary on artificial intelligence (AI): Nearly 30% of healthcare leaders said they’ve already implemented AI with roughly 60% planning to implement such technology in the next 12-24 months or more. A small percentage (13%) don’t plan to implement AI at all. C-suite leaders are more likely to have plans to implement AI within the next 12 months (30%) compared to those in other leadership positions (7%).

To read the article, “Only Half of Healthcare Organizations’ Data is Used to Make Decisions,” please visit HIT Consultant.