Survey reveals two-thirds of organizations using analytics in clinical, financial, and operational areas; use of metrics tied to analytics success
Dimensional Insight®, the maker of Diver Platform™, a data management, analytics, and performance management solution, announced the results of a survey it conducted with HIMSS Analytics of 109 senior healthcare leaders. The survey examined how healthcare organizations implement metrics and measure ROI from their analytics programs. It found that those organizations that focus on clinical outcomes as their key ROI metric – as opposed to financial returns or staff efficiency – rank higher across the board in terms of usage of analytics across the organization, average number of metrics used, measured success rate, and overall effectiveness of analytics.
“As healthcare organizations move to value-based payment models, they are finding that focusing on clinical metrics, including readmission rates, infection control, and patient outcome improvements is critical for success,” says George Dealy, vice president of healthcare solutions at Dimensional Insight. “Analytics provides tremendous insight into these areas and can benefit healthcare organizations that are navigating this transition.”
Key findings from the survey include:
- Of organizations that are leveraging analytics, 84% are doing so in multiple areas (clinical, financial, operational), while two-thirds are leveraging analytics across the organization.
- Organizations feel their analytics solutions have been most effective towards improving financial performance, but they have been able to see the most measured success with clinical analytics (77.7%) vs. financial analytics (73.5%) or operational analytics (70.3%).
- The primary method organizations use to determine ROI is most often financial returns and improvements (41.2%) vs. clinical outcome improvement (37.3%), staff efficiency (12.7%), or measured improvements across the patient journey (3.9%). However, they see the highest measured success rate (75.4%) if they use clinical outcomes improvement as their primary metric.
To learn more, download the full survey results at: https://www.dimins.com/HIMSSsurvey19