Study: 47% of Data is Underutilized in Healthcare Decision-Making
2024年5月7日 - 9:12PM
New
research published today by Arcadia (
arcadia.io),
a leading data platform for healthcare, found that although four
out of five healthcare leaders believe most of their data is
accurate, 47% of healthcare data, on average, is underutilized when
making clinical and business decisions.1 The research highlights a
pressing challenge within the healthcare industry: despite the
proliferation of AI, a vast amount of data remains untapped,
resulting in missed opportunities to enhance patient outcomes,
improve productivity, and reduce costs.
“The research demonstrates technology’s potential to breathe new
life into healthcare organizations’ underutilized data,” said Dr.
Kate Behan, MD, FACP, Chief Medical Officer at Arcadia.
“Data analytics platforms are necessary tools and essential
enablers for healthcare organizations to turn dormant data into
actionable insights that address workforce challenges, reduced
revenues, and complex market dynamics.”
The study, conducted by Arcadia in partnership
with the Healthcare Information and Management Systems Society
(HIMSS), examines how hospitals of various types and sizes use the
137 terabytes of data they produce every day.2 Key findings
include:
Data Supports High-Quality Care
- More than half of
healthcare leaders view data as crucial for improving care quality,
and one in four said data is necessary to power care management and
patient engagement strategies.1 28% of healthcare leaders said data
platforms enable their organizations to enhance health outcomes and
patient satisfaction.1 The findings reinforce the criticality of
data to accelerate the transition to value-based care and achieve
The Centers for Medicare and Medicaid Services’ goal to
transition all traditional Medicare beneficiaries into a
value-based care arrangement by 2030.
Actional Information Improves Productivity and
Efficiency
- 95% of healthcare
leaders grasp the opportunity for data and analytics to enable
clinicians to improve their productivity, 30% said data platforms
lead to cost savings through better resource allocation and
workforce management, and 25% said they enable better
decision-making.1 Healthcare organizations navigating workforce
shortages, care team burnout, and higher operating expenses can
leverage data to create strategies to do more with fewer resources
while still delivering quality patient care and supporting their
staff.3
AI Fuels Innovation
- 84% of leaders have
plans to integrate artificial intelligence, machine learning, or
large language models with their data platform, and 55% plan to
aggregate unstructured data, such as images, audio, or PDFs, to
reduce time-consuming manual review and unlock insights, like an
undocumented condition, to better inform care delivery.1 One
healthcare organization used Arcadia's clinical co-pilot,
Arcadia SageAI™, to reduce the time needed to prepare for a
patient visit by more than 20%.4
Technology Makes Data More Useable
- Healthcare leaders
named enhancing data literacy (58%), using AI (47%), and addressing
productivity challenges (34%) as key priorities to make data more
usable.1 Moreover, 76% of large organizations (those with 15,000+
employees) said implementing a comprehensive enterprise data
solution is essential.1 Larger organizations have the greatest need
to connect disparate data sources to derive comprehensive insights
and actions across the enterprise.5
Accelerating Data Recency Remains an Opportunity
- 61% of organizations
refresh their data at least daily for business intelligence
analytics, but when building and running artificial intelligence
models, that number drops to 32%.1 Only 47% of organizations
leverage daily refreshed data for generating lists of care gaps and
just 39% for patient stratification and building cohorts.1
Activating data in real-time provides care teams with immediate
access to the most current patient information, which ensures
providers make decisions using the freshest insights.6
“Our findings show that healthcare leaders view data analytics
platforms as critical tools to confront growing workforce
shortages, financial pressures, and the shift towards value-based
care,” said Michael Meucci, President and CEO of Arcadia.
“Investing in a strong data analytics platform can further
transform these challenges into opportunities and progress towards
a more efficient and effective healthcare system.”
Download the report to discover how healthcare leaders
plan to deploy a data analytics platform to power future
innovations within their organizations.
____
1 HIMSS Market Insights Survey, Data Analytics Platforms,
2024
2 “4 ways data is improving healthcare,” World Economic
Forum, 2019
3 “The use of Big Data Analytics in
healthcare,” Journal of Big Data, 2022
4 Arcadia product performance measured in Q1 2024
5 “Sharing Data, Saving Lives: The Hospital Agenda for
Interoperability,” American Hospital Association, 2019
6 “How Healthcare is Leveraging Real-World Data to Improve
Outcomes,” Health IT Analytics, 2020
About Arcadia
Arcadia transforms data into powerful insights and actions that
accelerate healthcare transformation. Our data platform, analytics
tools, and services are used by the nation’s leading healthcare
providers and payers to make informed decisions, improve patient
outcomes, and optimize operations. We’re on a mission to create a
unified fabric for health and dedicated to happier, healthier days
for all. For more information,
visit arcadia.io.
Drew Schaar
Arcadia
drew.schaar@arcadia.io