If Big Data is the new oil in healthcare, clinical & business intelligence is the refinery. In the era of Big Data our healthcare organizations have learned that gathering data for the sake of gathering data yields little benefit. However, when data as with crude oil - is refined the opportunities for use are multiplied.
Data alone is like crude oil – the value is tied to its potential. In the era of Big Data our healthcare organizations have learned that gathering data for the sake of gathering data yields little benefit. However, when data – as with crude oil - is refined the opportunities for use are multiplied.
Just as an oil refinery adjusts strategy to accommodate production, a healthcare organization must ensure its strategy accounts for changing care models. The primary goal of an organization’s C&BI strategy is to improve clinical outcomes while adapting to new care models. In an effort to move in that direction, organizations have begun to slowly implement initiatives around population health, making it the primary focus area for C&BI solutions in 2015 compared to Accountable Care in 2013.
In the end, the market continues to evolve and whether C&BI will be healthcare IT’s next black gold rush remains to be seen. To learn more about CB&I trends, see the infographic below, and get the 2015 Clinical & Business Intelligence Study.
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