The impact of business analytics on healthcare operations: A statistical perspective
1 Tritek Business Consulting, London United Kingdom.
2 College of Nursing, Xavier University, Ohio, USA.
Review
World Journal of Biology Pharmacy and Health Sciences, 2024, 19(03), 205–217.
Article DOI: 10.30574/wjbphs.2024.19.3.0625
Publication history:
Received on 30 July 2024; revised on 08 September 2024; accepted on 11 September 2024
Abstract:
This study examines the transformative potential of business analytics within the healthcare sector, highlighting its wide-ranging applications, the challenges it faces, and potential future developments. The primary goal is to evaluate how advanced analytical tools can enhance healthcare outcomes, improve decision-making, and optimize operational efficiency in healthcare organizations. Through an in-depth literature review, this study critically analyzes existing research and real-world case studies to identify the key trends and obstacles associated with implementing business analytics in healthcare.
The findings reveal that business analytics plays a crucial role in personalizing patient care, enabling predictive modeling, and streamlining healthcare operations. These tools support more informed decision-making, leading to better patient outcomes and more efficient resource utilization. However, significant challenges hinder the widespread adoption of business analytics, such as difficulties in integrating data across diverse systems, concerns about patient data privacy, and the need for a cultural shift towards data-driven decision-making within healthcare institutions.
In conclusion, while integrating business analytics in healthcare presents substantial benefits, it requires a comprehensive and multifaceted approach. This approach should include technological advancements, the establishment of robust data governance frameworks, and significant organizational changes. The study recommends that healthcare organizations invest in training programs to enhance data literacy among healthcare professionals, develop policies to promote interoperability across different data systems, and carefully address the ethical implications of data usage. Future research should focus on the long-term impacts of business analytics in healthcare, with a particular emphasis on the ethical challenges that may arise. Ensuring these powerful tools are used responsibly will be essential to improving healthcare delivery.
Keywords:
Business Analytics; Healthcare Outcomes; Data Integration; Predictive Modeling; Data Governance; Ethical Considerations
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Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0