“Analytics is the backbone and the nervous system and the learning center of the health IT-enabled healthcare system,” says Jonathan Weiner, a professor of health policy and management at the Johns Hopkins Bloomberg School of Public Health and director of the university’s Center for Population Health Information Technology.
A 2011 McKinsey report estimated that the healthcare industry can potentially realize $300 billion in annual value by leveraging patient and clinical data. With healthcare providers transitioning from a volume-based to value-based reimbursement, a new healthcare delivery model is emerging. In order to succeed in this new environment, healthcare providers are:
Accountable care organizations forming (ACOs) to improve care coordination
Preparing for bundled payments for acute and post-acute care, as well as Medicare penalties for avoidable readmissions
Restructuring their care delivery systems
Areas of focus the report includes are creating a nervous system and solid infrastructure foundation that leverages storage, processing, analysis, and data management to make better, evidence based business and clinical decisions.
“The healthcare industry must identify and establish proven strategies and best practices to manage data and to conduct the advanced analysis necessary to generate real insights that can benefit the health system. Those healthcare organizations focused today on gathering patient and clinical data, decoupling the data from siloed applications and solutions, and determining which data points to measure will be well positioned for the evolving future state of the healthcare landscape,” said John P. McDaniel, National Practice Leader—Provider Market at NetApp Healthcare.
The report also includes the following infographic shown below that summarizes the key findings:
Chad Brisendine, VP & CIO, St. Luke’s Hospital and Health Network
Jeffrey L. Brown, CIO, Lawrence General Hospital
Charles DeShazer, MD, Chief Quality Officer, BayCare Health System
John McDaniel, National Practice Leader, US Healthcare Provider Market, NetApp
Jonathan Weiner, DrPH, Professor of Health Policy & Management and Health Informatics; Director Center for Population Health Information Technology, Director PhD Program in Health Services
Each year, the Institute for Health Technology Transformation (iHT²) hosts a series of events & programs which promote improvements in the quality, safety, and efficiency of healthcare through information and information technology.
Health IT Summit in Fort Lauderdale - June 12-13, 2013
Health IT Summit in Denver - July 24-25, 2013
Health IT Summit in Seattle - August 21-22, 2013
Health IT Summit in New York - September 17-18, 2013
Health IT Summit in Beverly Hills - November 6-7, 2013
Health IT Summit in Austin - December 11-12, 2013
The Institute for Health Technology Transformation (iHT²) 2012-2013 Online Thought Leadership Series is comprised of 60-minute interactive, sponsored Webinars covering current issues and industry trends for healthcare IT executives.