The shift from pay-for-service to pay-for-performance in healthcare means that healthcare organizations and providers must approach care delivery in a different way, moving from diagnostic care to preventive medicine. Part of the challenge of adopting a forward-looking approach is having the right tools, namely health IT systems with the ability to predict what’s next.
“Analytics traditionally stops at the present time, and we’re now applying this to the future so that you can add predictive analytics,” says Simon Arkell, CEO of Predixion Software, a developer of predictive analytics solutions for healthcare. “Although they sound the same, they’re different ways of approaching problems. It’s great to have a dashboard with insight on what’s happening or has happened, but unless you’re projecting what’s going to happen and then recommending the right steps to take advantage of that new knowledge, then you’re leaving money on the table.”
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