The global healthcare industry is experiencing fundamental transformation as it moves from a volume-based business to a value-based business. With increasing demands from consumers for enhanced healthcare quality and increased value, healthcare providers and payers are under pressure to deliver better outcomes. Primary care physician and nursing shortages require overworked professionals to be even more productive and efficient. The cost dynamics of healthcare are changing, driven by people living longer, the pervasiveness of chronic illnesses and infectious diseases, and defensive medicine practices. New market entrants and new approaches to healthcare delivery are increasing complexity and competition.
As tumultuous as the current environment is, it is expected to become even more complex over the next several years. Among healthcare executives interviewed for the 2010 Global CEO study, 90 percent expect a high or very high level of complexity over the next five years, but more than 40 percent are unprepared to deal with it.
Analytics can provide the mechanism to sort through this torrent of complexity and data, and help healthcare organizations deliver on these demands. But it takes big plans, discrete actions, and some very specific management approaches to gain the benefits of analytics.
A new IBM Institute for Business Value executive report identifies a framework for healthcare analytics driven management transformation that can help organizations drive value.
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Public Sector Team Leader, IBM Institute for Business Value
The healing power of change
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