"Driven by value-based care and personalized medicine, the global healthcare analytics market is poised to grow from $4.4 million in 2013 to $21.3 million in 2020—an annual growth rate of about 25%, according to a report published by Research and Markets, Dublin," reports HIMSSwire in an March 19 article, "Gearing up to Make the Most of Analytics."
HIMSSwire asked Barry Chaiken, M.D., chief medical information officer at Infor, for his perspective on "what it will take for healthcare organizations to fully leverage analytics."
Chaiken offered five things to keep in mind:
1: Analytics is apt to get more and more important as time marches on.
2: To do analytics right, organizations have to do interoperability right.
3: Organizations need to truly care about interoperability to make it happen.
4: Analytics for analytics' sake does nothing. You've got to use the information to take action.
5: To make analytics "actionable," it has to be easy.
Read the full article on HIMSSwire.com to get Chaiken's more detailed analysis.