Unlocking value in healthcare: the Value Realization Pyramid
The Value Realization Pyramid is a conceptual model that aids healthcare providers in maximising the value of their technological investments. This framework emphasises the importance of high quality data, efficient workflows, and data-driven decision making by executives.
Foundation: high quality data
- Correctness: AI ensures data accuracy, such as correct laterality and proper labelling.
- Completeness: AI fills in missing values and ensures comprehensive data.
- Consistency: AI standardises data, making it uniform across the enterprise. High quality data is essential, yet 97 per cent of healthcare data remains unused. Standardising medical images is a crucial first step.
Middle tier: driving workflows: high quality data improves workflows, optimising operations, reducing costs, and enhancing patient care.
- Radiology reporting: AI-driven data standardises and streamlines reporting processes.
- Operational efficiency: standardised data helps optimise imaging schedules and assess risks.
- Data sharing: facilitates research, strategic relationships, and compliance with disease registries.
Apex: empowering executives: data-driven decision making enables executives to achieve strategic goals and maintain a competitive edge.
- Strategic planning: data analytics help identify trends, forecast needs, and guide investments.
- Performance measurement: metrics derived from data monitor departmental performance and identify improvement areas.
- Regulatory compliance and risk management: accurate data ensures adherence to regulations and effective risk management.
Realising value from medical imaging data: effective use of medical imaging data (x-rays, CT scans, MRIs) provides insights into patient health and treatment efficacy.
Conclusion: the Value Realization Pyramid guides healthcare providers in leveraging AI and data to improve patient care, optimise operations, and achieve strategic objectives. Embracing a data-driven approach is crucial for navigating the complexities of modern healthcare and delivering high quality care.
The Value Realization Pyramid helps healthcare providers maximise tech investments through quality data, efficient workflows, and data-driven decisions. It emphasises data accuracy, workflow optimisation, and executive empowerment for improved data quality and strategic planning.
To learn more: Unlocking Value in Healthcare: The Value Realization Pyramid – Enlitic.
This news story has been sponsored by the companies concerned and does not represent the views or opinions of RAD Magazine.