Health is the most integral part of life. In the healthcare industry a vast amount of data is generated from different segments of healthcare organizations such as hospitals, healthcare service providers, insurance providers etc. However, like other sectors ranging from retail to banking, who have already leveraged the potentials of big data, the healthcare industry has not yet fully explored the importance of big data in deriving valuable insights from such vast amount of data at hand. For example, Grocery stores determine the loyalty of their customers by identifying the sales patterns, giving discounts and special offers, having a mix of products which not only improve their profits but also, increases their customer satisfaction.… Read the rest
Healthcare Administration
Why is Data Analytics Important in Healthcare?
Do you know about data analytics? These data analytics allow for an industry to obtain any insights from patters and connections that are found so they can make better decisions. Businesses are able to achieve multiple advantages by using these statistics. Analytics help find meaning in real-time or historical data so there can be prediction made about the future to improve the probability of success. Due to the healthcare industry using data analytics they will be able to benefit their business by improving patient care quality, improve operational efficiency, and prevent diseases.
Every business is curious on how they can make their operations better whether it’s for money savings or for the care of patients.… Read the rest
Strategic Human Resource Management in Health Care
Human resource has been recognized as the most important resource to which any business can have access. Previously, the exact role played by human resources in organizations was underrated due to limited research on the topic. However, with more research on the role played by the human resource, as well as analysis of successful firms, it became increasingly clear that human resource plays the greatest role as far as achievement of organizational goals is concerned. With the advent of globalization, various factors began influencing the business environment such as the use of the Internet, effects of competition, and others. Businesses began changing strategies to incorporate the input from the human resource, as this was the only way they could survive stiff competition brought by globalization and technological change.… Read the rest