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Study reveals healthcare leaders understand the potential of advanced analytics solutions, but few have fully adopted them

PITTSBURGH, Feb. 28, 2024 /PRNewswire/ -- Net Health, a trusted source for specialized software solutions that empower restorative care providers across the continuum of care, today announced findings from a new study with HIMSS Market Insights titled: "What's Delaying Advanced Analytics Adoption in Healthcare?". The findings reveal few healthcare organizations have implemented advanced analytics enterprise-wide, despite strong awareness of data-driven approaches and their potential to enhance healthcare experiences for patients and providers.

Researchers surveyed 53 U.S. healthcare decision-makers about their plans for leveraging solutions that incorporate predictive modeling, machine learning, data mining, and automation for deeper insights. The results indicate a widespread understanding of these solutions' capacity to drive clinical and operational efficiency and develop stronger patient relationships.

"Most providers entered the field to care for patients, not to spend a majority of their days doing tasks like administration and documentation," says Kevin Keenahan, Chief Product Officer at Net Health. "Luckily, data and analytics have emerged as catalysts propelling the healthcare industry into a new era of clinical precision and operational efficiency. This study underscores how health system leaders understand the power of these solutions, but there is still work to be done in adopting the technology to glean actionable insights and remove the administrative burden from clinicians."

Despite healthcare leadership's knowledge of the positive impact that advanced analytics technology can have on their organizations, the study reveals a gap between awareness and full-scale implementation. Few organizations currently use these solutions enterprise-wide. However, 87% of respondents are in implementation stages, signaling a growing commitment within the industry.

Other key findings include:

• Advanced Analytics Solutions are Important in Healthcare: Four in five healthcare leaders believe implementing these solutions will be highly important to their organizations in the next few years.
• Despite Importance, New Solution Adoption is Slow: Only 6% of respondents say they fully adopted and integrated these solutions.
• There is Room for Advanced Analytics to Grow: Approximately 80% of respondents are interested in advanced analytics' potential to help their organizations remain competitive and keep patients actively participating in their care plans.

"One of the areas where the benefits of data and analytics solutions may be the most tangible is in the industry's transition from fee-for-service to value-based care," said Nicole Ramage, Sr. Market Insight Manager at HIMSS. "Amid payer changes and declining reimbursements, providers must remain vigilant about documentation, and they need to implement tools that will help them streamline that process while ensuring proper patient care."

For more insights, access the HIMSS study here. To learn more about Net Health, visit www.nethealth.com.  

About Net Health 

Net Health's mission is to harness data for human health. We are a trusted source for more than 23,000 healthcare organizations across the continuum of care, and our specialized software solutions enable caregivers and their organizations to improve both patient outcomes and financial performance. Over 20 years of expertise in wound care and rehab therapy inform our electronic health record (EHR) software, patient engagement tools, and predictive analytics. Our technology platforms help administrators manage workflow, specialists engage with patients, and executives drive business growth. Net Health is a portfolio company of The Carlyle Group, Level Equity, and Silversmith Capital Partners.

About HIMSS

HIMSS (Healthcare Information and Management Systems Society) is a global advisor, thought leader, and member-based society committed to reforming the global health ecosystem through the power of information and technology. As a mission-driven nonprofit, HIMSS offers a unique depth and breadth of expertise in health innovation, public policy, workforce development, research, and digital health transformation to advise leaders, stakeholders, and influencers across the global health ecosystem on best practices. With a community-centric approach, our innovation engine delivers key insights, education, and engaging events to healthcare providers, payers, governments, startups, life sciences, and other health services organizations, ensuring they have the right information at the point of decision.

HIMSS has served the global health community for more than 60 years, with focused operations across North America, Europe, the United Kingdom, the Middle East, and Asia-Pacific.

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SOURCE Net Health Systems, Inc.