Data Analytics in HealthcareHealthcare institutions today face complex challenges. They are seeking ways to reduce costs, improve coordination and outcomes, provide more with less, and offer positive, patient-centric experiences. More than ever, healthcare planning and design requires not just innovative, flexible solutions that meet today's spectrum of needs, but also proactive strategies – supported by data-rich analysis – to embrace future advancements.
This is precisely why our analytic team uses data and technology to create comprehensive perspectives of our clients' current and future needs. Guided by our industry knowledge and deep understanding of healthcare operations, Flad collaborates with our clients to analyze historical data, evaluate local markets, and utilize national databases. This process results in space requirements based on utilization and growth trends, demographics and market factors, and projected growth by service line that inform sound decision-making about their facilities.
Key areas of analysis, outlined below, include demographic and market profiling (including market share analysis, market need analysis, and hospital benchmarking and performance profiling) and key departmental statistical volume analysis for various services lines (e.g., inpatient beds, ED visits).
Actionable Insights
Data Analytics in HealthcareHealthcare institutions today face complex challenges. They are seeking ways to reduce costs, improve coordination and outcomes, provide more with less, and offer positive, patient-centric experiences. More than ever, healthcare planning and design requires not just innovative, flexible solutions that meet today's spectrum of needs, but also proactive strategies – supported by data-rich analysis – to embrace future advancements.
This is precisely why our analytic team uses data and technology to create comprehensive perspectives of our clients' current and future needs. Guided by our industry knowledge and deep understanding of healthcare operations, Flad collaborates with our clients to analyze historical data, evaluate local markets, and utilize national databases. This process results in space requirements based on utilization and growth trends, demographics and market factors, and projected growth by service line that inform sound decision-making about their facilities.
Key areas of analysis, outlined below, include demographic and market profiling (including market share analysis, market need analysis, and hospital benchmarking and performance profiling) and key departmental statistical volume analysis for various services lines (e.g., inpatient beds, ED visits).
Four Key Areas of Analysis1. Market Share Analysis //
How are you doing in your market? This analysis provides an understanding of estimated market share and insight into the
market and possible opportunities.
2. Market Need Analysis //
What types of services will your patients be looking for? This process reveals estimated 5- and 10-year patient volumes and growth rates for
inpatient, outpatient, and other service lines in the hospital's market. This data
informs the types of services patients will be seeking.
3. Benchmarking and Profiling //
How do you compare in your market and region? This service provides a comparison of an organization to desired cohort and/or
specific institutions, across a wide range of metrics, to help target opportunities for
improvement of patient care, more cost-effective administration, potential partners, and
alignment with core competencies.
4. Departmental Analysis for Service Lines //
What are your future department needs? This analysis provides required/recommended needs specific to departmental/service-line
analytics, based on historical volume data and several planning factors/assumptions.
This data is used to inform decision-making for space program development and facility
planning.
With deference to the current, complex issues affecting healthcare delivery, as well as the trends and anticipated issues that will impact healthcare delivery in the future, our team understands the importance of informed decision-making and the need to say connected to evolving patient and family expectations, care models, and rapidly advancing technologies. Our goal is to leverage the analytics tools described here to help healthcare organizations harness reliable data to create actionable insights, build consensus, set their future vision, and improve value to the communities they serve.