Benefits of Having Business Intelligence in Healthcare

a. Strengthening & understanding of data because there would be a single point access of data. Better protection of patient data is also possible by providing access to data only to those with appropriate access levels
b. Improved Efficiency: Since any type of information & report, whichever is required at any time. This will enable better decision-making and improved efficiency
c. Increased revenue & reduce costs: BI makes it possible to eliminate waste and mine data stores to examine and recoup denied claims in healthcare organizations, Costs of healthcare professionals, lab equipment and consumables, pharmaceuticals medical material, treatment per diagnosis and cost per type of medical intervention (e.g. specific medical operation) can be reduced as well
d. Improved Margins : BI helps to improve gross margins of healthcare organizations
e. Improved patients satisfaction by using BI and analytic tools
f. Improved Patient Treatment & Care:– Through the use of B1, healthcare professionals have easy access to patient’s data and can create a variety of classifications reports based on demographic data, sex, age, and so on. Thanks to the
evidence based medicine and capture of medical history of the patient doctors can accurate diagnosis and apply efficient treatment with reduction of risks during treatment (e.g. related to on time admittance, the use of medicine, biomedical equipment, blood transfusions). Increasing the potential of BI better facilitates timely and effective clinical decisions
g. Reduction of medical errors and improved patients safety. It could be reached by supporting medical research and data treatment. BI systems can support a larger Healthcare system, by the exchange of medical information on a patient. Improved decision-making in the area of comprehensive health care policy by the authorities of the organization of the health sector. It can be reached with monitoring the performance of doctors, departments and medical material requirements. Multiple groups or individual can be put together by emphasizing the analysis and accurate data, which brings them closer to the point of service in order to enhance decision-making & make data actionable
h. Better data management helps in better patient treatment in terms of times admittance, diagnosis and risk in casualty

Some other benefits includes supply cost optimization, fraud detection