With payment reform making business decisions ever more intricate, a new KLAS report, Business Intelligence: Making Cents of Performance, seeks to offer insight into the marketplace.
“Analytics reveals patterns, anomalies, key variables, and relationships to better facilitate intelligent decision-making and will be essential to a hospital’s ability to survive in the years to come,” said Lorin Bird, KLAS research director and author of the new report. “Using BI to make key decisions is just the beginning; providers need their analytics solutions to help them perform predictive analysis with a reasonable level of confidence, basing multi-billion dollar decisions based on more concrete and reliable data points.”
While many, if not most, are going with a solution from their enterprise vendor, industry-agnostic solutions are still making a good showing in healthcare, states KLAS.
Dimensional Insight’s Diver Solution once again took the top spot in overall performance with a score of 88.2 out of 100, followed by Information Builders’ WebFOCUS. IBM Cognos 8 Business Intelligence, healthcare-specific vendor McKesson and its Horizon Business Insight product, and SAP XI Data Analytics (Business Objects) were also ranked in the report.
Other enterprise BI products highlighted in the KLAS report include Carefx Fusionfx Business Intelligence, Microsoft Amalga, Microsoft PerformancePoint Services for SharePoint, Oracle Business Intelligence, and QlikTech QlikView.
Noted but not ranked for Clinical only products were Cerner Power Insight, Humedica MinedShare, Mediware Insight, and Omnicell Pandora VIA. Noted but not ranked for mainly financial services were Lawson Business Intelligence and Oracle Hyperion Planning.
Interestingly, KLAS found that providers in this study were using 35 consulting firms, each of whom received high marks for results and service.