Indian IT giant Tata Consultancy Services (TCS) today announced the launch of Provider Performance Insight, a business intelligence (BI) solution built on SAP Business Objects software for hospitals and other healthcare providers.
Using its proprietary BI framework, TCS has developed an out-of-the-box dashboard that will simplify projects, reduce costs and dramatically shorten time to value related to both hospital administration and patient care, TCS said in a release here.
Hospitals have traditionally not embarked on end-to-end data warehousing and analysis due to perceived high costs, high complexity and long gestation period.
Typical BI projects in other industries can take 12 months for initial results and up to 18 months for completion. In response, TCS' Provider Performance Insight takes just three to five months to deploy and provides end-to-end solutions for both administrative and clinical processes to enhance patient services and improve strategic decision making.
''The escalating cost of healthcare makes it imperative for all healthcare providers to evaluate efficiencies in every aspect of their business,'' said Debashis Ghosh, head of Life Sciences and Healthcare at TCS.
''Both patient care and operational effectiveness need to be evaluated, improved and tracked on an ongoing basis and this will be enabled by our solution,'' he added.
The Provider Performance Insight solutions would offer a snapshot of patient care delivery activities, effective performance evaluations of patient service, ability to optimize staffing levels to reduce overall cost, power to track and trend staffing ratios over multiple periods, real-time assessment of overall financial status, ability to compare revenue across peer organisations or departments and increase revenue across clinical service lines.
TCS Life Sciences and Healthcare division is a decade old, sixth largest group within TCS, serving Healthcare, Pharmaceutical, Bio-technology and Medical Device companies for their Business and IT needs.
From Bioinformatics to Clinical Trials to Healthcare, TCS delivers solutions and services across varied business areas with a experienced workforce of more than 6000.