Big Data Analytics is entirely transforming business paradigms. Automated databases are enabling businesses to perform mundane tasks more efficiently. And, the commercial sector isn’t the only area to benefit from data analytics. Its impact is widespread and is being seen across many different sectors, including healthcare.
Access to healthcare facilities is a basic, human need. However, the healthcare sector is extremely expensive, even when compared to the other developed economies. In the United States, the burden of the expense ultimately falls on the consumer since the sector is mostly dominated by private companies. America, however, ends up spending more on its public healthcare system than countries where the system is fully publicly funded.
Under such circumstances where people are paying a significantly higher price, they deserve a service that matches the price tag. The question is then: how can data analytics help increase the efficiency of healthcare systems in United States and around the world?
Keeping a tab on hospital activities by maintaining relevant databases can help administrators find inefficiencies in service provision. Based on the results found from data analysis, specific actions can be taken to reduce the overall costs of a healthcare facility. Reduced costs may be reflected in the …