The word “analytics” and phrase “big data” are all the buzz in healthcare right now. While we are naturally excited about the promotion (since healthcare analytics consulting is what we do!) we see the confusion and intimidation these words are generating at all levels of provider organizations.
ThotWave is committed to help educate and thereby minimize any misunderstandings about what these words mean, what their applicability and value are in our industry and how to get started on an analytics journey.
SAHA College was our latest stop on our education mission.
The Southern Atlantic Healthcare Alliance (SAHA) was founded a decade ago to help hospital organizations improve quality of care while reducing costs. For its 14 hospital organizations located in North Carolina and Virginia, SAHA provides support, networking opportunities, cost savings, education and information sharing.
We were thrilled with SAHA’s invitation to present on the topic of analytics and even more excited that 45 staff members and leaders from 10 of the SAHA hospitals participated in our education session on July 22.
During the session, we covered the four levels of analytics—descriptive, diagnostic, predictive and prescriptive—and shared case studies of hospitals of all sizes highlighting the remarkable benefits they are generating in the clinical, financial and operational areas of their organization.
We talked about the importance of organizational readiness—ensuring that a clear strategy and roadmap for analytics are in place prior to making a decision about technology or platforms. Too often we see those decisions being made in the reverse order.
And, we also covered the critical function of data governance. Data—when valued and cared for—are an invaluable asset for hospitals, but data architecture, data warehousing, data quality and data security don’t just happen. Again, hospitals must have a plan for how to deploy the people, processes and technology needed to become data-driven organizations, which will be vital to survive in our transforming industry.