Only 10% of healthcare companies use advanced data and analytics tools

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 - Analytics

A survey of healthcare professionals found only 10 percent responded that their organizations were using advanced tools for data aggregation with analytics and predictive models.

KPMG released the findings on April 29. The survey included 271 people who worked for providers, payers or life sciences companies and participated in a webcast on March 5.

Of the respondents, 28 percent said their organization had an enterprise data warehouse with key performance indicators (KPIs), 24 percent had data marts with reporting and some KPIs, 16 percent used data for strategic decision making and 21 percent were “planning their journey.”

Eight percent of people working for provider organizations said they had advanced data and analytics tools compared with 11 percent of health plans and 15 percent of life sciences companies.

“Many organizations are not where they need to be in leveraging this technology,” Bharat Rao, PhD, KPMG LLP’s national leader for healthcare and life sciences data analytics, said in a news release. “Health care organizations need to employ new approaches to examining healthcare data to uncover patterns about cost and quality, which includes safety, to make better informed decisions.”

The survey respondents said the most useful impact of data and analytics in healthcare could be in business intelligence operations (34 percent), improving clinical outcomes (27 percent), lowering costs (24 percent) and population health (15 percent).

Further, 3 percent of respondents said clinical benefits associated with data and analytics were already being fully realized, while 35 percent said it would take three to four years, 31 percent said it would take one to two years, 26 percent said it would take more than four years and 6 percent said the full benefits would never be achieved.