Business Analytics is one of the most powerful ways for radiologists to improve their quality of care and maximize their profit potential, but many practices have yet to make full use of the tools currently available to them. Healthcare Information Services is proud to offer the following information to help Radiologists and their partners make the most informed decisions on their Business Analytics techniques.
One of the most important aspects of Business Analytics, which has only recently begun to come into the spotlight as a possibility, is its ability to detect gaps in care or services rendered to patients. Radiology is a part of medicine that works with other care providers on a more frequent basis than some others (for example, dental care usually has little interaction with a patient's primary physician), and the results of Radiology are often very important for the patient's overall care and treatment of diseases.
The information given out by Radiology will often find its way into many different areas; Business Analytics helps to sort through all of this and find information that is useful for making decisions at many different levels. For example, determining which steps are often unnecessary in a service line can help reduce expenditures, save wear on equipment, and allow patients to enjoy an improved level of overall care throughout their visit.
Prior to recent technological advances that have made searching through and organizing large amounts of information a relatively easy task for the medical industry, many care providers were limited in the ways they could give and receive information on caring for patients. Anecdotal stories continue to be a valuable tool for helping to prepare for unusual cases, but problems within the industry can potentially be misunderstood when too many cases are explained to care providers in this way.
To help ensure that the solutions created will actually help the industry, rather than accidentally focusing attention where it's less relevant, Radiologists need to work with larger amounts of information and gain useful statistics from throughout the patient's stay. This can best be done through a practical application of Business Analytics alongside the efforts of other care providers.
It's also important for Radiologists to understand precisely what they intend to use their Business Analytics information for. One of the most valuable possibilities of gathering large amounts of information is that care providers can ask many different questions and receive answers to them; for example, when faced with a particularly unusual case in their office, a physician may want to see which imaging techniques have been most effective in the past on similar cases and what the end results were. However, without knowing which questions to ask, the value of Business Analytics is typically limited and may not be enough to cause any significant improvements at a practice. Due to the importance of communication with other areas, Radiologists may want to talk with their partners and ask what information would be the most useful to them on a regular basis when deciding on the analytics package to use.
As a result of the above, many providers have found that their Business Analytics techniques are more useful when set up to be an ongoing, dynamic data system. This allows for the system to be adjusted over time as the practice determines which questions are the best to be asking and which may not be relevant to their needs. By using a system that can be adapted in this fashion, Radiologists can help ensure that both they and their partners can provide the highest quality of care to patients at all times.