February 26, 2024 | Net Health

3 Minute Read

Net Health and HIMSS Market Insights Partner to Uncover Healthcare Decision Makers’ Sentiment Toward Advanced Analytics Solutions 

Press Release

Study reveals healthcare leaders understand the potential of advanced analytics solutions, but few have fully adopted them. 

PITTSBURGH, February 27, 2024 — Net Health, a trusted source for specialized software solutions that empower restorative care providers across the continuum of care, today announced findings from a new study in collaboration with HIMSS Market Insights titled: “What’s Delaying Advanced Analytics Adoption in Healthcare?” The study’s key findings show that few healthcare organizations have implemented advanced analytics enterprise-wide, despite strong awareness of data-driven approaches and their potential to enhance experiences for patients and providers. 

Researchers surveyed 53 U.S. healthcare decision-makers and influencers about their plans for leveraging advanced analytics solutions that incorporate predictive modeling, machine learning, data mining, and automation for deeper insights beyond those provided by basic analytics tools at their organizations. The results indicate a widespread understanding amongst respondents regarding the capacity of these solutions to drive clinical and operational efficiency, improve consumer expectations, and develop stronger long-term patient relationships. 

“Most providers entered the field to care for patients, not to spend a majority of their days doing tasks like administration and documentation,” says Kevin Keenahan, Chief Product Officer at Net Health. “Luckily, data and analytics have emerged as catalysts propelling the healthcare industry into a new era of clinical precision and operational efficiency. This HIMSS Market Insights study underscores how health system leaders understand the power of these solutions, but there is still work to be done in adopting the technology to glean actionable insights and remove the administrative burden from clinicians.”  

Despite knowledge among healthcare leadership of the positive impact advanced analytics technology can have on their organizations, the study reveals a gap between awareness and full-scale implementation. Few organizations currently use these solutions enterprise-wide. However, a staggering 87% of respondents are in some stage of implementation, signaling a growing interest and commitment within the industry. 

Other key findings from the report include:  

  • Advanced Analytics Solutions are Important in Healthcare: Four in five healthcare leaders believe implementing these solutions will be highly important to their organizations in the next few years. 
  • Despite Their Importance, Adoption of New Solutions is Slow: Only 6% of respondents say they had fully adopted and integrated these solutions. 
  • There is Room for Advanced Analytics to Grow: Approximately 80% of respondents are interested in advanced analytics’ potential to help their organizations remain competitive and to keep patients actively participating in their own care plans.  
  • Advanced Analytics Are Valuable Tools: About 9 in 10 healthcare leaders say advanced analytics solutions are highly valuable for enhancing operational efficiencies and resource allocation and preventing events that lead to penalties and/or lower reimbursements. 

“One of the areas where the benefits of data and analytics solutions may be the most tangible is in the industry’s transition from fee-for-service to value-based care,” said Nicole Ramage, Sr. Market Insight Manager at HIMSS. “Amid payer changes and declining reimbursements, providers must remain vigilant about documentation, and they need to implement tools that will help them streamline that process while ensuring proper patient care. This data shows that there is still a need for broader adoption among organizations that want to remain competitive in a crowded landscape.”  

For more insights, access the HIMSS “What’s Delaying Advanced Analytics Adoption in Healthcare?” study here. To learn more about Net Health, visit www.nethealth.com.   

About Net Health  

Net Health’s mission is to harness data for human health. We are a trusted source for more than 23,000 healthcare organizations across the continuum of care, and our specialized software solutions enable caregivers and their organizations to improve both patient outcomes and financial performance. Over 30 years of expertise in wound care and rehab therapy inform our electronic health record (EHR) software, patient engagement tools, and predictive analytics. Our technology platforms help administrators manage workflow, specialists engage with patients, and executives drive business growth. Net Health is a portfolio company of The Carlyle Group, Level Equity, and Silversmith Capital Partners. To learn more, visit www.nethealth.com.  

About HIMSS 

HIMSS (Healthcare Information and Management Systems Society) is a global advisor, thought leader, and member-based society committed to reforming the global health ecosystem through the power of information and technology. As a mission-driven nonprofit, HIMSS offers a unique depth and breadth of expertise in health innovation, public policy, workforce development, research, and digital health transformation to advise leaders, stakeholders, and influencers across the global health ecosystem on best practices. With a community-centric approach, our innovation engine delivers key insights, education, and engaging events to healthcare providers, payers, governments, startups, life sciences, and other health services organizations, ensuring they have the right information at the point of decision. 

HIMSS has served the global health community for more than 60 years, with focused operations across North America, Europe, the United Kingdom, the Middle East, and Asia-Pacific. 

SOURCE Net Health Systems, Inc.

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