San Ramon, Calif.- September 14, 2011 – Ever increasing regulatory requirements coupled with increasing pressure to deliver best patient care has caused the healthcare industry to rethink their approach to using business analytics. New benchmark research from Ventana Research finds that organizations who take a focused approach to each element of their operations, which vary from finance and administration to operations and billing to the patient care delivered, and to doctors and other practitioners, are able to improve transparency, safety and improve overall quality of care.
The research findings offer fresh research-based information on these organization’s attitudes toward business analytics. The research shows that usability and flexible functionality are the most important criteria in these organizations’ search for the right analytics, that failing to examine timely availability, broad access and efficient handling can obstruct analytics use. Healthcare professionals indicated specific capabilities were important as well; the ability to search for existing answers, the ability to collaborate in the review of analytics and set alerts and thresholds were all at the top of the rankings. But above all else cited by these professionals, accessibility of analytics is most important. Nearly three-fourths (72%) said making analytics available and usable was very important. Moreover, 86% of executives said Healthcare organizations must focus on making it easier for workforce to access useful and relevant analytics and metrics.
This in-depth benchmark research on healthcare organization’s use of business analytics, the latest from the leading business technology research firm, analyzed over 150 health care organizations around the world to assess the maturity and direction of their efforts. Ventana Research undertook this research to acquire real-world information about maturity, trends and best practices in how they use analytics and key indicators to optimize their business and IT processes in healthcare organizations. It explores how they do this now, how teams view the current processes and tools, plans they have to change or improve them, and the benefit they hope to gain by doing so.
"Our research found that healthcare organizations are dealing with data complexities that obstruct the path to comprehensive analytics. These organizations need access to actionable information from an array of sources that include different healthcare providers and multiple enterprise systems." noted Mark Smith, CEO and Chief Research Officer at Ventana Research. "Our new research provides detail on how these organizations can reach the goal of accessible, easy to use analytics and immediately make improvement throughout the patient and delivery network of hospitals and care facilities.”
To view the webinar, visit: http://www.ventanaresearch.com/hlthawebinar/
Those interested in learning more about this benchmark research can find additional information at http://www.ventanaresearch.com/hltha/. The research was from over 150 healthcare organizations. As a part of your registration you will receive insights and education from Ventana Research on using technology effectively in business. Ventana Research thanks those that participated in the benchmark and our media and association partners who helped make this vertical industry research a reality.
About Ventana Research
Ventana Research is the most authoritative and respected benchmark business technology research and advisory services firm. We provide insight and expert guidance on mainstream and disruptive technologies through a unique set of research-based offerings including benchmark research and technology evaluation assessments, education workshops and our research and advisory services, Ventana OnDemand. Our unparalleled understanding of the role of technology in optimizing business processes and performance and our best practices guidance are rooted in our rigorous research-based benchmarking of people, processes, information and technology across business and IT functions in every industry. This benchmark research plus our market coverage and in-depth knowledge of hundreds of technology providers means we can deliver education and expertise to our clients to increase the value they derive from technology investments while reducing time, cost and risk. Our views and analyses are distributed daily through blogs and social media channels including Twitter, Facebook, LinkedIn and Business Week’s Business Exchange.
To learn how Ventana Research advances the maturity of organizations’ use of information and technology through benchmark research, education and advisory services, visit www.ventanaresearch.com.
Media: Copies of benchmark research report and interviews are available upon request.
Media Contact: Mendeil Bailey (925) 242-2412 marketing@ventanaresearch.com