The Importance of Predictive Analytics

why predictive analytics can improve your health care For most people, their healthcare decisions are determined by cost and affordability. While this strategy may good for your bank account, your health decisions should always be centered around your personal wellness as well as that of your wallet. In order to get the best of both worlds, we can use predictive analytics to improve healthcare while also making it more cost-effective for patients. Here’s why healthcare data and analytics can benefit you:

Predictive analytics will help improve healthcare in several ways. By gathering and analyzing patient data, medical professionals can study patterns in medical history and treatment plans on a much larger scale. Healthcare data will increase the accuracy of diagnoses and improve preventative medicine. For example, your doctor could compare your data to that of patients with similar medical history and demographics to you and see which treatment options were most effective for them.

Medical providers could also use this healthcare data to predict how your health will progress so they can anticipate a problem before it occurs. Not only does this benefit you and your personal wellness, but it will also alleviate healthcare costs. Instead of spending money on emergency medical services, you can save money by avoiding emergency situations altogether with preventative treatment plans designed specifically for you.

Having comprehensive medical data on all patients also allows for coordinated efforts among medical professionals. Instead of having your information transferred from one specialist to another, everything will be secure and available to all relevant providers. This eliminates the possibility of errors and outdated information on patients.

Another advantage to predictive analytics is that it helps policy makers develop more accurate payment plans and cost-model tools. Where you once had to gamble on how much treatment would cost you, with predictive analytics cost-model tools can be fine-tuned so you won’t experience any financial surprises.

You can learn more about how the Catholic Benefits Trust works to integrate predictive analytics, Catholic values, and value-based healthcare into our member benefits by contacting us!

Catholic Benefits Trust