by Tim Kuruvilla
Opportunities for enterprise laboratory solutions (ELS) vendors to drive further value through analytics
While shifting political winds are creating uncertainty in the healthcare industry, the drive for greater value in medicine remains unchanged.
With or without the impetus of regulations like the Affordable Care Act, the drive to reduce healthcare costs and improve patient outcomes is gaining momentum. While improving efficiencies is important, ELS providers such as Lab Information Systems (LIS), EMR Integrators, Outreach Connectivity Solutions and In Vitro Diagnostics (IVD) etc. recognize the value of laboratory data to the broader healthcare ecosystem in addressing top of mind issues such as patient engagement, integrated healthcare delivery and management of chronic conditions, among others.
There is consensus among all healthcare segments that a data driven approach to patient treatment and diagnostic regimens is the right and logical course to achieve these goals. ELS vendors realize that their transactional software and instruments generate volumes of data that they can help their customers use to drive improved outcomes and greater efficiencies. Finding ways to help healthcare providers further innovate patient care processes goes a long way in differentiating competing products.