The article underscores the growing importance of business intelligence (BI) in the HealthTech sector. Dmitry Baraishuk, a Chief Innovation Officer at Belitsoft, highlights that most healthcare stakeholders prioritize investments in BI and predictive analytics, which are seen as crucial for advancing the industry.

Surveys reveal that 94% of respondents believe that adopting BI tools leads to more personalized treatment paths for patients. A Deloitte survey also found increased satisfaction with data sharing via wearables. However, Baraishuk points out that converting this data into valuable insights remains a significant challenge for clinicians.

Many healthcare organizations struggle due to a lack of dedicated teams or appropriate analytical tools to handle large volumes of data. Only 16% of organizations consider themselves mature in handling data-driven approaches. The majority face difficulties in various stages of the BI implementation process.

There are several roadblocks in adopting BI solutions, with 43% of respondents citing disparate systems as a primary issue. Healthcare organizations need infrastructure that connects data from different sources, processes it, and provides actionable insights. Implementing such systems requires substantial resources and investment.

To overcome these limitations, healthcare management needs BI solutions that align with key performance indicators (KPIs), improve patient engagement, optimize costs, and enhance security. By automating paperwork and reducing diagnosis times, doctors can benefit significantly. Companies aiming to provide SaaS EHR solutions must show potential clients how their products resolve specific issues and help achieve goals.

Incremental legacy modernization of EHR systems is recommended. This approach was successful for a client who initially used EHR for internal purposes but later catered to a broader market. By developing a cloud multitenant architecture, the client addressed scalability and security concerns, ultimately achieving resource optimization and better preparation for health events like seasonal influenza outbreaks.

In conclusion, while the technical and financial challenges of adopting BI in healthcare are notable, the key inhibitor is often the organizational mindset. Leaders need to support innovative tools to revolutionize performance, as success is not just about technology but also about cultural change within the organization.

Source: Why Business Intelligence Is So Important For Development In HealthTech.