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By Allison Foster
Healthcare is one of the industries that stands to benefit most from the massive increase in data output, and therefore the technologies that can turn this data into meaningful insights. Conversely, healthcare organizations that are not able to leverage data effectively will be left behind.
Leading companies in this space are leaning on the healthcare enterprise data warehouse (EDW) to extract the maximum value from the data they generate, and position themselves for long-term success.
We’ll explore the EDW in healthcare from a number of perspectives, including practical advice, tips, and common pitfalls to avoid.
An enterprise data warehouse in healthcare is a central repository for structured healthcare data ranging from medical records to patient and financial data. It provides data access to stakeholders and enables them to actually use the data effectively – from running queries, to uncovering valuable insights, or populating critical dashboards.
An EDW in healthcare is essential for the organization to run efficiently. It’s crucial from both the compliance and financial perspectives, and of course from an operational point of view – especially when it comes to patient care.
There are many benefits of an EDW for healthcare organizations. We could go even further, and say that a healthcare organization without an enterprise data warehouse in place would struggle to deliver on its mandate. Some of the key benefits include:
Better outcomes for patients: An EDW in healthcare ensures that data is never siloed, and that all relevant data is accessible to make the best medical and operational decisions possible. Healthcare providers can access patient records to recommend the ideal treatment plans, predict outcomes, and identify risks.
Better outcomes for the organization: Implementing an effective EDW enables management to understand costs, revenue sources, trends, and insights. It also allows them to streamline processes and consolidate resources. The EDW makes it easier to analyze billing data, discover inefficiencies, and implement multi-year data-backed procurement plans.
Better outcomes for society: By being able to effectively query enormous data volumes, medical research gets a massive boost – from drug research to large-scale clinical trials.
Scalability: With massive amounts of data pouring in from sensors, medical devices, healthcare practitioners, and other electronic healthcare records (EHR), an EDW for healthcare organizations ensures that the infrastructure handling this data is never overwhelmed. Additionally, an EDW ensures there’s one powerful source of truth for analytics purposes.
Security and Compliance: Healthcare organizations have to comply with stringent regulations, including but not limited to HIPAA. An EDW is central to maintaining the standards of security and compliance necessary to meet these demands through advanced data security and transparent audit trails.
There are several key features of an EDW in a healthcare setting:
Here’s how to get started with implementing an EDW in your healthcare environment:
When implemented correctly and used to its full potential, an EDW in healthcare can completely transform patient care and analytics.
For one thing, with data now centralized, the system is able to present the full picture. Without siloes, the company can now analyze all data, not a sample, surfacing insights that ordinarily wouldn’t be available. For a patient, this means that every doctor can have access to instant insights from imaging tools, a patient’s entire medical history, lab systems, and the list goes on. This enables a whole new level of personalized care with the highest chance of successful outcomes.
There’s a huge predictive element here too. With access to so much historical data, healthcare professionals can predict and prevent negative outcomes. For example, with historical data on patients with similar symptoms and backgrounds, doctors can more efficiently plan a treatment program and avoid complications.
From a planning perspective, an EDW in healthcare allows administrators to better plan resource allocation, prevent readmissions, and ensure the efficient running of the institution.
A: Generally, an EDW is considered highly secure when it comes to handling patient data. Most EDWs will have encryption, access controls, and other HIPAA requirements built in.
A: Providers of all sizes can benefit from an EDW in healthcare. For example, cloud-based providers offer a mix of performance, scalability, and low setup costs that suit almost any budget while providing enhanced outcomes for patients and the organization as a whole.
A: There are several challenges relating to healthcare-specific EDWs. These include having the processing power to run complex queries on large datasets, costs, scalability, and integrating diverse data sources.
Healthcare organizations are increasingly turning to SQream for their EDW needs. SQream is the advanced analytics platform that harnesses the power of data via GPU acceleration.
SQream is critical to healthcare organizations’ EDW deployment for several reasons:
To learn more about how your organization can benefit from a SQream-powered Enterprise Data Warehouse, get in touch with the SQream team here.
An enterprise data warehouse in healthcare is best practice for running a successful organization.
The benefits are compelling, and it’s the surest way to transform the huge amount of data you have access to into really successful patient – and business – outcomes.