Predictive Modeling Bulletin
    Complimentary from the publishers of Predictive Modeling News                  October 2018  
    
 
 
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Quote
"Given the various goals of value-based care -- which generally touch financial, operational and clinical bases -- providers of predictive analytics solutions first need to be ‘customer-intimate,’ understanding more deeply the specific problems hospital systems are facing and their prioritization of them. With that strategic context understood, suppliers of these solutions then need to tightly integrate their solutions with the actual workflows of the particular provider organization. Finally, predictive analytics vendors need to dialog with customers on a regular basis to monitor the usage of the solutions, assess their benefits, obtain feedback and further refine the predictive models.”
- Ken Perez, Vice President of Healthcare Policy, Omnicell Inc.
Factoid
  "The growing adoption of Big Data technologies has also brought about an array of benefits for hospitals and other healthcare facilities. Based on feedback from healthcare providers worldwide, these include, but are not limited to, cost savings in the range of 20% to 30%, an increase in patient access to services of more than 35%, growth in revenues of up to 30%, reduction in emergency room visits by 10%, drop in patient wait times by 30% to 60%, improvements in outcomes of as much as 20%, a 10% to 50% decline in mortality rates for conditions such as heart failure and a reduction in the occurrence of hospital-acquired and surgical site infections of nearly 60%.”

Excerpted from: Predictive Modeling News, Volume 11 Number 10, October 2018, Predictably Quotable:"SNS Telecom & IT, in a statement announcing the availability of Big Data in the Healthcare & Pharmaceutical Industry: 2018 – 2030: Opportunities, Challenges, Strategies & Forecasts."
 
Healthshare TV
How cutting off subsidy payments to insurance companies would affect Obamacare Predictive Analytics - The Future is Now

Predictive analytics are the key to unlocking patients’ healthcare needs. Join Dr. Matt Hoffman, UHIN’s Chief Medical Informatics Officer (CMIO), for a guided tour of this exciting advancement in patient care as he outlines how predictive algorithms are built, the role LACE scores play in predicting hospital readmissions, the future of intelligent alerts, the data that makes it all possible, and much more!

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  Jason Harber: 4 Steps for Adopting Predictive Analytics in Your Hospital

1. Get C-Suite Buy-in.
2. Assess your options.
3. Continue reading here

Source: Hospital IQ Blog, September 25, 2018
 
     
 
 
 
This Month in Predictive Modeling News
 
  • Duke Team in JAMA: nSES Data Doesn't Add Much Prediction Power Beyond what EHRs Already Have
  • Consultants See Hospitals, Analytics Vendors in Deeper Relationships
  • Movers & Shakers: Carisk Partners, Roundtable Analytics, NuMedii, AllazoHealth, Clarity Insights
  • Accolades: HVH Precision Analytics, Personalized Medicine Coalition, EarlySense, HarrisLogic, Predicine, Flagship Biosciences, Integron, HMS & Triple-S Salud
  • Thought Leaders' Corner: "How do hospital systems' and supplier organizations' perspectives on predictive analytics differ? Do suppliers supply the products and services hospitals need? Do hospitals have realistic PA goals? How could they better synch their PA expectations?"
  • Industry News: BHI, Highmark, Roundtable Analytics, HealthCatalyst, NJHA, LexisNexis
  • Predictably Quotable
  • Click here to subscribe to Predictive Modeling News, or find out more

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