To help healthcare personnel make better decisions, they have to be provided access to data software and technologies. Having a healthcare business intelligence tool that covers the processes, software and technologies for storing, gathering, modifying, updating and analysing of data will surely help meet business goals provided that the numerous information gathered and extracted can be converted into knowledge that can be acted upon. A good healthcare business intelligence tool will be able to exploit different tools in order to achieve its objectives. It should also be measurable through key performance indicators and best practices.
Business intelligence tools were initially intended for financial applications that were usually analysis oriented. But today, because of the many potentials of business intelligence, it has been integrated with the healthcare industry. Healthcare business intelligence involves a high integration of data from different sources in order to facilitate analytical reporting. Extracted data are analyzed through data mining in order to find similar data, trends analysis and forecasting.
Healthcare business intelligence is now being used for diagnosing and treating patients with conditions that are long term in order to evaluate other treatments that may be applied based on data analyses. This is especially useful in cases where a doctor has to choose a method of treatment most effective for a particular situation because data like speed of recovery, discharge rates, relapses and re-admissions.
Healthcare business intelligence will continue to grow as the knowledge base increases. Continued advances in technology will make healthcare business intelligence a more viable prediction tool with even more accurate results which in turn will save more lives.