By Monica E. Oss
Harnessing data to navigate a changing market is a journey. Despite the challenges, it is encouraging to see that the use of data for decisionmaking and improving outcomes is gaining more traction across health care. The use of predictive analytics by provider organizations and payers increased from 47% in 2018 to 60% in 2019. And 61% of health care executives forecast that predictive analytics will save their organization 15% or more in costs over the next five years. Organizations report seeing results from the use of analytics in terms of increased consumer satisfaction (42%), reduced cost (39%), and increased profitability . . .
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Harnessing data to navigate a changing market is a journey. Despite the challenges, it is encouraging to see that the use of data for decisionmaking and improving outcomes is gaining more traction across health care. The use of predictive analytics by provider organizations and payers increased from 47% in 2018 to 60% in 2019. And 61% of health care executives forecast that predictive analytics will save their organization 15% or more in costs over the next five years. Organizations report seeing results from the use of analytics in terms of increased consumer satisfaction (42%), reduced cost (39%), and increased profitability . . .
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