For Hospitals, Data Hygiene Is Critical To Patient Care
Forbes, July 27th, 2020
July 27, 2020,
Volume 268, Issue 5
Treating waves of COVID-19 patients has forced many hospitals across the US to schedule fewer high-margin elective procedures, leading to furloughs and financial losses in some cases
"Under these pressures, hospital leaders need accurate data to make good decisions. Whether they're assessing treatment strategies or rescheduling deferred non-critical care visits, they 'need immediate access to all of their patients' medical records and to be able to analyze them stat,' says Katie Horvath, CEO of Michigan-based data management company Naveego.
But like many elective hip replacements and cosmetic surgeries, a lot of analytics projects have gone on hold, since such projects have a reputation for costing a lot of money and taking a long time. 'Because of the huge drop in revenue, hospitals simply can't afford to spend millions of dollars and wait 18 months for some legacy, master data management software application,' Horvath says...
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