Driving value across the enterprise: Health execs have a laser focus on analytics

The ability to tap into data analytics has long held the promise of guiding hospitals and health systems toward clinical, operational, and financial efficiencies. Hospitals and health systems are generating mountains of data, and data-driven decision-making could help to transform their businesses and the care they provide to patients.

The term “analytics” refers to the systematic use of technologies, methods, and data to derive insights and to enable fact-based decision-making for planning, management, operations, quality, safety, measurement, and learning. Globally, the health care analytics market has tripled over the past three years—from between $4 billion and $5 billion in 2015 to about $15 billion in 2018.¹ The market is expected to top $50 billion by 2024.²

But...