Factoids Reveal Healthcare Trends in Analytics and Technology

healthcare trendsEvery year, we like to summarize the healthcare industry’s most interesting factoids. We’ve noticed a few interesting trends over the last year:

  1. Healthcare analytics are continuing to improve outcomes and save health systems money.
  2. New technologies (Internet of Things, telemedicine, etc.) are increasing patient engagement.
  3. There is general consensus among patients, providers, and leaders that data improves outcomes, but there are concerns about interoperability and security.

The 2nd Annual Healthcare Analytics Summit demonstrated—yet again—how powerful data can be and how health systems are successfully using analytics to improve outcomes and reduce costs. With so many interesting facts and case studies coming out of the Summit, and the constant stream of information coming out of the industry, we decided to put together an easy-to-use, easy-to-share Healthcare Factoids Presentation of the most useful healthcare facts to power your thinking in 2016. Please download and use this presentation however you’d like. Here are some trends and facts to get you started:

Trend #1: Healthcare Analytics Continue to Improve Outcomes and Save Money

  • Since 2011, hospital-acquired conditions fell by 17 percent, saving 50,000 lives and $12 billion (Source: HHS).
  • The Medicare all-cause 30-day readmission rate fell to 17.5 percent in 2013 (150,000 fewer hospital readmissions among Medicare beneficiaries) (Source: CMS).
  • OSF’s predictive readmission model reduced its all-cause readmission rate to <10 percent (Source: Clinical Innovation + Technology).

Trend #2: New Technologies Are Improving Patient Engagement

  • The Healthcare Internet of Things market will reach $117 billion by 2020 (Source: HIT Consultant, April 2015).
  • IDC Health Insights predicts 65 percent of healthcare interactions will be mobile by 2018 (Source: Becker’s Health IT & CIO Review).
  • Survey shows 57 percent of US consumers self-track their health information online (Source: Mobi Health News).
  • Due to the widespread adoption of wireless health monitoring technology, developed world life expectancy will increase by a half-year by 2020 (Source: Gartner).
  • 76 percent of doctors say patient use of wearable health devices improves engagement (Source: Accenture).
  • 73 percent of health executives surveyed see positive ROI from personalization technologies (Source: Accenture).
  • Video consultations are projected to grow from 5.7 million in 2014 to 130 million by 2018 (Source: B.E. Smith, Healthcare Trends 2015).
  • 66 percent of US health systems will offer digital self-scheduling by the end of 2019 (Source: Accenture).

Trend #3: Patients and Providers Agree Data is Useful, But Have a Few Concerns

  • 68 percent of Healthcare IT leaders believe their Health IT improves quality of care and patient satisfaction (Source: HIMSS, 26th Annual HIMSS Leadership Survey, April 2015).
  • 15 percent of hospitals use advanced predictive analytics to stay ahead of preventable hospital readmissions, and hospital-acquired conditions (Source: HealthIT Analytics).
  • 70 percent of smaller physicians have still not settled on a technology suite for meaningful use (Source: HealthIT Analytics).
  • 83 percent of physicians are frustrated by EHR usability, interoperability, and integration (Source: HealthIT Analytics).
  • 83 percent of patients expect hospitals to use EHRs but only 53 percent said they trust the safety and security of the software (Source: Becker’s Health IT & CIO Review).

Please download the presentation for more facts and let us know how you’ve harnessed the power of data; we’d love to hear your story as we prepare for the 3rd Annual Healthcare Analytics Summit in 2016.

Powerpoint Slides

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