Organizations are trying to leverage the mountains, lakes, stacks, libraries, and warehouses of data to solve the vast array of clinical, operational, and financial needs they face every day. This comes with several challenges.
“So, what kind of work do you do?” Found on page one of the Barber, Cab Driver, and Nervous Airline Seatmate Chit-Chat Handbook, it’s a question that gets asked and answered often. I happen to be one of the lucky ones who enjoys his job, so I tend to answer with more enthusiasm than the Uber-driving barber … Read More
We previously defined predictive analytics as a branch of analytics providing insight into the future. We have a defined outcome, such as a birth or the onset of a hospital acquired illness such as sepsis, and predict the occurrence using statistical and machine learning techniques. However, this doesn’t allow for the study of why the outcome is expected …
“Preference cards are actually low-hanging fruit for any hospital that’s serious about reducing its costs and improving efficiency. All it takes is an initial effort to clean them up so they reflect OR reality, and the discipline to maintain the cards’ integrity and currency over the long term.” – Becker’s Hospital Review Article written by Steve Simco and David DuBose The … Read More
In early 2018, IPS embarked on a journey to standardize the way we deliver our services to our clients. As a company that emphasizes performance improvement with our clients, we like to practice what we preach and take time to improve our internal processes and optimize ourselves. The objective was to craft a process that would keep our projects on track, on budget, and delivering great value …
“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