“Most people spend more time and energy going around problems than trying to solve them.” — Henry Ford How do we apply process improvement and data science to pinpoint root causes? Previously, we discussed one of the fundamental tools in prescriptive analytics: simulation. We looked at the inpatient pharmacy as an example and demonstrated the massive amount of … Read More
Data – It’s about how you use it. “Hiding within those mounds of data is knowledge that could change the life of a patient, or change the world.” – Atul Butte, MD, PhD, Stanford Medicine’s Summer 2012’s Special Report In this digital era, a vast pool of data is captured and stored every millisecond – … Read More
What if you could use data science to determine the best course of action for any given situation? How much of our lives do we spend contemplating what we ‘should’ do? For example: should I be risk averse and leave for the airport three hours before my flight, or two hours beforehand to avoid wasting time … Read More
Predictive analytics is becoming more and more popular in the healthcare industry. Based on a survey of 223 health payer and provider executives conducted in 2017 by the Society of Actuaries, 57% of executives forecast that predictive analytics will save their organization 15% or more over the next five years. 47% of providers currently use … Read More