By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Business Analytics for Radiology
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > Hospital Administration > Business Analytics for Radiology
BusinessHospital AdministrationRadiology

Business Analytics for Radiology

Andy Salmen
Andy Salmen
Share
5 Min Read
Analytics
SHARE

IAnalyticsn today’s competitive healthcare environment, radiologic service providers must operate under increasing requirements and constraints as they face decreasing resources and reimbursements. Consequently, they must continuously demonstrate values to their clients and look for ways to continually make improvements.

IAnalyticsn today’s competitive healthcare environment, radiologic service providers must operate under increasing requirements and constraints as they face decreasing resources and reimbursements. Consequently, they must continuously demonstrate values to their clients and look for ways to continually make improvements. Service providers must go beyond simply managing operations and measure upgrades in their processes as it relates to productivity, efficiency, quality, and safety.

Similar to many healthcare service providers, radiologists are turning to business analytics or “business intelligence” tools for data in order to streamline their workflow and improve processes. Analytics software helps radiologists to use programs to gather data, and combined with graphic visualization, leverages the information to identify workflow issues and make evidence-based changes to their processes.

The Business Intelligence Process

More Read

Why Mobile Apps Are Indispensable For Telemedicine
Wanted: Entrepreneurial Business Models for Doctors
When Patients Don’t Pay the Bill: Increase Your Revenue with a Collection’s Strategy
Personal Health Record rEvolution
My Health Plan Made Me Laugh

Radiology administrators and managers can benefit from having the tools that enable them to integrate, store, and analyze data from multiple non-communicating electronic resources. Not only will they be able to analyze trends and support decisions in real-time, but the information can help them evaluate efficiency, monitor quality and safety, meet regulatory and reimbursement requirements, and evaluate financial performance.

The capabilities of analytics software programs include:

  • Integration of data from different sources

  • Conversion of information into a unified format

  • Storage of information in a data warehouse

  • Analyzing of information

The business analytic processing tools aggregate data from multiple sources into one unified database to provide critical radiological metrics in a comprehensive presentational view that help you uncover meaningful patterns and insights into you business.

Benefits of Using Business Analytic

One of the best reasons for using business analytics is to determine whether or not your equipment utilization rate is causing you to lose business. It can measure to what degree you are using CT or MRI equipment and if you are getting the most out of those units. You can also find out if one machine is being overused or if your clients must wait a long time for service.

The software can also help you measure personnel utilization to find out how you or your staff uses time.  For example, business intelligence can reveal how busy your pediatric radiologists, neuroradiologists or other specialists are. This can help you make better use of their time.

You can run reports to provide the information you require to address any issue to minimize inefficiencies and reduce bottlenecks in the work flow, including:

  • More efficient and cost-effective exchange of patient information with referring physicians.

  • Interpretation of imaging reports.

  • Billing and coding processes.

Business analytics not only enhances your ability to improve the quality of care, but also to measure your performance against established benchmarks.  

Radiological Analytics Software

There are dozens of radiological applications. You will need to identify the analytics tools that work best for your practice. Besides determining what your needs are, you must also assess other factors like price, contract terms and ease of implementation.

The software you choose will need to be simple and user-friendly, but powerful enough to put you in control of your data—even if it comes from separate systems. Analytics applications can access, prepare, blend and deliver data from an unlimited number of sources. Advanced analytics should enable you to perform a range of tasks, including

  • Measure productivity metrics

  • Create basic reports

  • Develop performance scorecards

  • Conduct predictive modeling

  • Provide access to mission critical data at anytime

Employing business intelligence in your radiological practice makes your operations more efficient, facilitates your decision making process, improves patient outcomes and boosts your revenues.

Image via Stuart Miles/freedigitalphotos.net

TAGGED:analytics
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

a woman walking on the hallway
6 Easy Healthcare Ways to Sit Less and Move More Every Day
Health
September 9, 2025
Clinical Expertise
Healthcare at a Crossroads: Why Leadership Matters More Than Ever
Global Healthcare
September 9, 2025
travel nurse in north carolina
Balancing Speed and Scope: Choosing the Nursing Degree That Fits Your Goals
Nursing
September 1, 2025
intimacy
How to Keep Intimacy Comfortable as You Age
Relationship and Lifestyle Senior Care
September 1, 2025

You Might also Like

Image
Business

High Quality, Low Cost HealthCare Video Interview Series: Dr. James Spearman and TravelSurgeryUSA

November 27, 2012
direct primary care
FinanceHealth ReformHospital AdministrationMedical EthicsNewsPolicy & LawPublic Health

Direct Primary Care Goes to Washington

February 17, 2014
medical technology
BusinessFinanceMedical DevicesMedical InnovationsTechnology

Ideal Medtech Products

May 10, 2014
Physician Blogging
BusinesseHealth

3 Ways a Physician Blog Will Enhance Your Web Presence

June 10, 2014
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?