The promise of predictive analytics
Data. It’s everywhere, and healthcare organizations know it can be theoretically useful in the modeling of predictive patient outcomes. This sounds promising enough. But when we look beneath the surface, we learn that the industry as a whole has been relatively slow to adopt predictive analytics as a standard course of nonacademic care. In fact, just 34% of providers include it as part of their strategy.
This isn’t to say there aren’t plans for future applications. Providers recognize the potential for predictive analytics to improve outcomes and lower long-term costs. A Deloitte survey found that 84% of executives certainly see the benefits of predictive analytics in healthcare, as they say, it will play a role in their organization’s strategy over the next three years. So when will the role of data analytics in healthcare move from academic to more practical applications? And perhaps more importantly, what stops providers from taking action?