“What good is it to be able to predict that an asteroid is going to hit Earth if you can’t prevent it from happening?”
During a presentation at the HIMSS 2014 Conference about ways predictive analytics help reduce future healthcare costs, AG Breitenstein, Chief Product Officer of Humedica asked that bold question about asteroids… and healthcare IT.
The prevailing theme at this year’s HIMSS Conference is the importance of big data analytics in improving patient outcomes and lowering the cost of care. Approximately 40,000 attendees have gathered at the show to discuss ways we can better enable payers and providers to infuse more data science into every aspect of healthcare – from identifying high-risk patient populations in order to lower readmittance rates, to making personalized medicine a reality.
To AG’s point, predictive analytics are important, but we must leverage them in areas where a big impact can be recognized. Ask yourself:
1. Is there enough value in solving the problem?
2. Can the problem can be predicted?
3. Can the problem be prevented?
4. Can the predictive action be delivered in a timely fashion to make a difference?
So, what steps are necessary to change the course of patient care – or, as AG put it, stop the asteroid before it hits the earth?
From her perspective: organizations must integrate and transform data, analyze the data to predict those patients who are at risk and identify preventable measures, provide actionable insights to clinicians, and drive performance improvement through deep comparative benchmarks.
To put it more simply: Connect. Analyze. Act.
Many of the technology vendors at HIMSS claim they offer analytics capabilities. To do predictive analytics correctly, you need the right “industrialized” big data analytics platform with enough data science resources to get the right results, at the right time. Actian is committed to helping this industry more easily leverage Healthcare predictive analytics to modernize the industry. We look forward to helping you take that next step to transforming the economics of your healthcare offerings.