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Summary JM Assignment 1.docx Healthcare Problem-Solving Using Analytics Ashford University MHA 605: Business Intelligence Healthcare Problem-Solving Using Analytics The healthcare industry is an evolving one. As technology develops and medicine advances co
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JM Assignment Healthcare Problem-Solving Using Analytics Ashford University MHA 605: Business Intelligence Healthcare Problem-Solving Using Analytics The healthcare industry is an evolving one. As technology develops and medicine advances continue to be made, the healthcare industry grows a...
jm assignment 1docx healthcare problem solving using analytics ashford university mha 605 business intelligence healthcare problem solving using analytics the healthcare industry is an evolvi
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Healthcare Problem-Solving Using Analytics
Ashford University
MHA 605: Business Intelligence
Healthcare Problem-Solving Using Analytics
The healthcare industry is an evolving one. As technology develops and medicine
advances continue to be made, the healthcare industry grows and discovers new aspects. In order
to improve health outcomes, analytics are needed to predict and prepare with regards to the
, Healthcare Problem-Solving Using Analytics 2
business, commercial, and patient safety perspectives from the organization. This paper will
discuss the meaning behind analytics to any healthcare organization, different issues that can be
helped by analytics in laboratory settings, and the perspective of patients to this issues.
Analytics in Healthcare Performance
Analytics is the use of data, statistical and quantitative analysis, explanatory and
predictive models, and fact-based management to drive decisions and actions (Davenport &
McNeill, 2014). Analytics is a tools that has been in development with the purpose of facilitating
healthcare delivery. As time has passed, the demand for a better system increases quicker than
technology can match it. Due to the strong need of analytics in this industry, it has been rapidly
expanding.
Analytics is used to model trends using historical data; it is also used as a decision
making tool, and to improve processes and different outcomes by measuring current performance
(Davenport & McNeill, 2014).The different analytical tools used in the healthcare industry are
data, statistical methods and analyses, and quantitative approaches to help decision making
(Davenport & McNeill, 2014).Healthcare analytics affects different groups within an
organization. These groups are providers, payers, and technologies used, ultimately all affecting
the patients (Davenport & McNeill, 2014).
When talking about analytics, there is a concept to think about, big data. Big data is the
collection of data elements whose size, speed, type and complexity require the adoption and
invention of new hardware and software mechanisms to store, analyze, and visualize the data
(Belle et al., 2015). In other word, big data is all the information collected through different
systems and processes in healthcare services that gets stored and use later to help in things like
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