Is Analytics going to be a game changer in the healthcare sector?
Healthcare systems comprise of one of the world’s most complex interdependent information systems, and are associated with many critical inferences including health and lives of patients.
This industry is among the few sectors having highest percentage of unstructured data, like patient’s historic health records, diagnosis reports, prescriptions, treatment results and so on.
Thus, finding out the most relevant information or inferences remain very much critical for the healthcare business at all times. The need is to build efficient and sustainable healthcare systems.
Analytics has an enormous potential in healthcare sector, comprising of the technologies to explore and provide business, clinical or technical insights from the piles of information hidden in the information systems.
Some of the functional areas where healthcare analytics can make a difference are: patient care, medical records management and clinical information system.
The Indian healthcare system draws over 1.3 million patients from abroad each year and the domestic health care sector is estimated to reach US $ 275.6 billion by 2020.
Analytics being a promising and return oriented investment is expected to get a boom in healthcare industry. It is the right time for public and private sectors in India to seek technological advancements for optimizing their business outcomes and improving healthcare scenario in the country.