Rogue Trader

Business Intelligence and Healthcare
Major Applications of Business Intelligence Software in the Healthcare Industry

Business Intelligence and Healthcare

1. Introduction ............................................................................................................................ 2 2. The Healthcare Industry: Finding Ways to Combat Rising Costs............................................... 2 3. Healthcare Application Spotlight: The Advisory Board............................................................. 3 4. Industry Factors Driving Business Intelligence Solutions at Healthcare Organizations ............... 5 5. Applying Business Intelligence to the Needs of Healthcare Organizations ................................ 7 5.1. Financial Analysis............................................................................................................. 7 .........................................................................

5.2. Quality Performance and Safety Analysis 5.3. Marketing Analysis 5.4. Claims Analysis

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5.5. Clinical Data Analysis 5.6. Patient Care Analysis

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5.7. Operational Performanceand Cost Management .......................................................... 13 5.8. Resource and Human Capital Management
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6. Healthcare Organization Snapshots: Henry Schein, Inc., Cancer Care Ontario, PMSI-Tmesys, and Premier, Inc............................................................................................ 15 7. Conclusion............................................................................................................................ 17

BUSINESS INTELLIGENCE AND HEALTHCARE

Business Intelligence and Healthcare

Major applications of business intelligence software in the healthcare industry
With skyrocketing costs in the healthcare industry and an increasingly competitivemarketplace, healthcare providers need to use all the tools at their disposal to operate more efficiently and effectively to reduce costs through smart business solutions. The healthcare industry is wide-ranging, and healthcare providers must operate within a multi-tiered information structure—across the value chain from patients and physicians, to employers and insurance companies, to HMOs andhospitals. With such a far-reaching scope of services and concerns, healthcare organizations handle immense amounts of information. Since it’s hard to keep track of important information and even to know which information is valuable, healthcare providers need the tools to take advantage of the myriad information at their disposal. The information technology available today allows healthcare organizationsto make better business decisions and to better target performance goals. MicroStrategy offers the healthcare industry business intelligence software to report on, analyze, and monitor vast amounts of data through a business intelligence architecture that helps companies reduce costs, ensure quality care, and maximize the value of information. Organizations in every major healthcare segment,including hospital care, physician services, managed care, government, and public health, take advantage of the benefits of MicroStrategy’s business intelligence software.
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perform intuitive Web-based query and reporting analyses that identify ways to improve clinical care processes and the quality of outcomes. Our success demonstrates that MicroStrategy is committed to...