Aging populations, tight budgets, reimbursement pressures, the growth of chronic diseases – these are among the many challenges facing health system leaders today. Big data is poised to help health systems tackle these challenges, but much of a hospital’s most valuable data goes untapped.
Nearly 70% of critical clinical decisions rely on lab data.1 Tapping into patient diagnostic data can help clinicians and administrators improve their ability to deliver the best care possible for patients in the most efficient way.
Several health systems are leading the way in using their lab data to find new breakthroughs in patient care. Applying algorithms to data can yield insights that could assist in early disease diagnosis, monitor care compliance more closely and increase the efficiency and effectiveness of health care services.2 The insights can then help health systems better understand and manage chronic conditions with proactive, preventive care. Leveraging lab data in the right way can also help to improve patient outcomes, reduce waste, and help health systems succeed under new regulatory and payment models.3
The fact is, by transforming data into powerful insights, labs are poised to be powerful partners in transforming care delivery and in positioning health systems for long-term success.