Over the last three decades, the healthcare industry has undergone a dramatic transformation. From paper charts to comprehensive electronic health records (EHRs), the digitization of patient information has accelerated rapidly. While a mere 13% of hospitals led the charge in adopting EHRs twenty years ago, today, nearly every patient interaction is digitally documented. However, despite this wealth of information, a staggering 97% of health data remains untapped, mirroring the underutilized potential of its paper predecessors.
This isn’t just a quantity issue. More data is almost always better, but only when you can put it to use. At its core, this is an insights problem, and it’s placing undue burden on the healthcare system from hospitals and physicians to patients.
Physicians have to spend an excessive amount of time combing through the EHR just to locate the information they need to deliver high quality patient care. It’s driving documentation and data analysis fatigue, fueling burnout, and exacerbating unhappiness within clinical professions. Even more alarmingly, the sheer volume of data within the EHR is crowding out pertinent patient health information that could otherwise lead to improved outcomes.
Despite a wealth of patient data – over 50,000 data points per patient, growing 50% annually – most hospitals struggle to transform this information into actionable insights. This gap between patient data and actionable clinical insights is the “Clinical Insights Gap.” These insights are critical for making diagnoses, informing treatment pathways, and bolstering hospital revenue, impacting the entire health system. Additionally, unearthed clinical insights can enable physicians to make better-informed decisions quickly.
Understanding the Clinical Insights Gap
The Clinical Insights Gap generates significant inefficiencies across the healthcare ecosystem. Care teams and patient safety are compromised by missed critical patient information or diagnoses at the point of care. Simultaneously, revenue cycle teams face increased burdens due to the need for additional physician queries and claim denials, driving up operational costs and lost revenue. Ultimately, the most detrimental impacts are felt at the organizational level through diminished quality scores and unprotected revenue.
Instead of physicians, AI could be utilized to analyze patient data and generate clinical insights. Unfortunately, most AI-enabled digital health tools are not focused on this aspect of care. They’re generating even more information-laden documentation. Until care teams are able to put both existing and new data into practice, obtaining powerful clinical insights from patient records will remain as elusive as it was in the days of filing cabinets and paper records.
How is Regard Closing the Clinical Insights Gap
Data is at the core of the healthcare system. While most clinical technology generates patient data or supports the gathering of patient data, Regard focuses on making sense of the available data. In fact, Regard is the only Clinical Insights Platform that empowers physicians and hospitals to unlock the full potential of patient data.
The Regard platform comprehensively analyzes 100% of available patient data, including data from other digital health tools integrated into the EHR. By leveraging its intelligence layer (AI), Regard provides actionable clinical insights necessary for optimal patient care at the point of care. These insights, delivered directly into the EHR, encompass suggested diagnoses, supporting evidence to augment existing diagnoses ensuring clinicians provide accurate and timely diagnoses and the best treatment for their patients.
What is Regard’s Impact on the Healthcare System
In today’s healthcare landscape, AI-enabled tools are abundant, but measurable clinical and financial impact is scarce. While many solutions promise to enhance productivity and engagement, few deliver on the promise of quantifiable business results according to a recent McKinsey report.
Regard offers a stark contrast by providing a proven solution that delivers measurable results. Our Clinical Insights Platform goes beyond simply summarizing the patient chart; it analyzes all patient data to showcase actionable clinical insights and automate routine tasks, such as note writing and lab retrieval, freeing up clinicians to focus on patient care. By surfacing critical diagnoses and clinical evidence within the patient chart, we empower physicians to make more informed evidence-based decisions, leading to improved patient outcomes and reduced medical errors.
Regard’s impact is not limited to physicians and their patients. The platform plays a critical role in supporting revenue cycle teams by providing full medical documentation at the point of care, in turn facilitating proper billing and combating the ever-present challenge of automated claims denials. Eliminating these back-office roadblocks reduces the need for revenue cycle teams to query doctors, allowing physicians to focus their time and energy on patient care rather than administrative tasks.
Surfacing clinical insights is how hospital systems like yours close the Clinical Insights Gap. This is why hospitals across the nation are partnering with Regard. They are not just closing the Clinical Insights Gap, but also protecting hospital revenue and driving patient care and safety to new heights.
