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Poor data management costs healthcare providers

InformationWeek, July 25, 2012

Healthcare providers lose on average $70.2 million annually, or 15% of additional revenue per hospital, due to their failure to fully leverage the information they collect, according to a study from Oracle. (Oracle, of course, sells BI tools along with its bread-and-butter database tools.) Healthcare providers lose on average $70.2 million annually, or 15% of additional revenue per hospital, due to their failure to fully leverage the information they collect. The study shows that 47% of healthcare executives say their organization cannot interpret and translate the information into actionable insight, and 40% say their current systems aren't designed to meet the specific needs of the industry.