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
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    improving patient experience
    6 Ways to Improve Patient Satisfaction Within Hospitals
    December 1, 2021
    degree for healthcare job
    What Are The Health Benefits Of Having A Degree?
    March 9, 2022
    custom software development is changing healthcare
    Digital Customer Journey Mapping and its Importance for Healthcare
    July 21, 2022
    Latest News
    Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
    May 16, 2025
    Learn how to Renew your Medical Card in West Virginia
    May 16, 2025
    Choosing the Right Supplement Manufacturer for Your Brand
    May 1, 2025
    Engineering Temporary Hospitals for Extreme Weather
    April 24, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    Can Thinking Younger Make You Live Longer?
    April 20, 2011
    Image
    Obesity’s Outlook Unchanged
    June 13, 2011
    When It’s An Emergency Elderly Not Treated As Well in Hospitals
    July 16, 2011
    Latest News
    Building Smarter Care Teams: Aligning Roles, Structure, and Clinical Expertise
    May 18, 2025
    The Critical Role of Healthcare in Personal Injury Recovery: A Comprehensive Guide for Victims
    May 14, 2025
    The Backbone of Successful Trials: Clinical Data Management
    April 28, 2025
    Advancing Your Healthcare Career through Education and Specialization
    April 16, 2025
  • 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
Last updated: January 1, 2015 9:00 am
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

hospital labs analytical tools
Boosting Efficiency in Hospital Labs with Analytical Tools
Who’s Confused? Angry Patients or Physicians?
More Diverse Organizations Perform Better
10 Commandments of Online Reputation Management for Physicians [Part One]
Collaborative Metrics in Healthcare

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

Clinical Expertise
Building Smarter Care Teams: Aligning Roles, Structure, and Clinical Expertise
Health care
May 18, 2025
Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
Health
May 15, 2025
Learn how to Renew your Medical Card in West Virginia
Learn how to Renew your Medical Card in West Virginia
Health
May 15, 2025
Dr. Klaus Rentrop Shares Acute Myocardial Infarction heart treatment
Dr. Klaus Rentrop Shares Acute Myocardial Infarction
Cardiology
May 13, 2025

You Might also Like

Medical Video Marketing
BusinesseHealthFinanceSocial Media

Surgery Videos as an Online Medical Marketing Technique

September 22, 2013
Apple Watch
BusinessTechnology

Apple Watch: Not a Digital Health Breakthrough – Yet

September 12, 2014

Expertise and Exposure: Tips for Successfully Marketing a Medical Practice

June 3, 2016
planning is crucial for running a healthcare business
Business

Important Considerations when Starting a Healthcare Business

June 1, 2021
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?