The Brandeis GPS blog

Insights on online learning, tips for finding balance, and news and updates from Brandeis GPS

Tag: healthcare IT

How Companies Can Use Big Data to Make Better Decisions

By:  – Associate Editor, BostInno

Big Data has swiftly earned a lasting place in our lexicon, because its potential is real and impact undeniable. Companies can collectively scoff and brush big data off as just another trend, but that decision could lead to worse decisions down the road.

how-predictive-analytics-can-make-money-for-social-networks-46ce73d0c0“Every era has a bold new innovation that emerges as a defining advantage for those who get out ahead of the curve,” said Ali Riaz, CEO of enterprise software company Attivio, referencing the industrial revolution and, later, the information age. Giants of industry who took advantage of new machinery or market leaders who learned to leverage relational databases have historically had the upperhand.

“Today’s advantage — the new currency, if you will — is big data,” Riaz added. “Companies that don’t get ahead of this tsunami by using big data to their advantage will be crushed by it.”

Yet, this deluge of data isn’t new, it’s just been given a catchy two-word title.

When asked to define big data, Ely Kahn, co-founder and VP of business development for big data start-up Sqrrl, described it as massive amounts — tera- and petabytes’ worth — of unstructured and semi-structured data “organizations have historically been unable to analyze because it was too expensive or difficult.” With technologies like Hadoop and NoSQL databases surfacing, however, Kahn claimed those same organizations can now make sense of this type of data “cost effectively.”

To Marilyn Matz, CEO of fellow big data startup Paradigm4, the revolution goes beyond just high volumes of information, though.

“It is about integrating and analyzing data collected from new sources,” Matz said. “A central capability this enables is hyper-personalization and micro-targeting — including recommendation engines, location-based services and offers, personalized pricing,
precision medicine
and predictive equipment maintenance schedules.”

No matter the industry, big data has a key role to play in moving the needle for companies,mobile-app whether large or small. And that goes for companies currently unable to determine what their “big data” is. The unrecognizable could be customer sentiment in social media, server logs or clickstream data.

“Once you have identified untapped sources of data,” Kahn said, “you can use tools like Hadoop and NoSQL to analyze it.”

Matz broke down, by industry, what that ability to analyze could mean.

In the Commercial Sphere

In the commercial sphere, if a company knows 10 or 100 things about you and your situational context, then that company can do a far better job offering you something relevant to exactly where you are and what you might be interested in, increasing their opportunity to capture your respect, attention and dollars.

In the Industrial World

In the industrial world, if a manufacturing company knows where equipment is operated (hot and harsh climates versus moderate climates), as well as how that equipment is being used (lots of hard-braking) and collects data across a large fleet, then it can predict maintenance before costly breakdowns, saving millions of dollars — and it can price warranties more accurately, as well as improve designs and manufacturing processes.

In Pharma and Healthcare

In pharma and healthcare, evidence-based outcome studies that integrate genomic data, phenotypic data, clinical data, behavioral data, daily sensor data, et al., can lead to more targeted and effective treatment and outcomes for both wellness and illness.

Attivio has been using big data in one of the most vital ways by focusing on detecting military personnel who are at risk for suicide.

But, of course, big data still comes with challenges. Riaz acknowledged the reality, which is that every large organization is comprised of disconnected silos of information that come in all different formats; let alone the various business units, applications, protocols, information repositories, terminologies and schemas that doesn’t always mesh.

program-hero-strategic-analytics“Just dumping data into these unorganized but separate systems is anarchy and an egregious waste of time and money,” Riaz said. “Yet, this is how many technologies address the problem. It essentially just creates another big silo for the information to live in.”

Moving forward, additional ways to combine structured and unstructured data, as well as merge data from within an enterprise to data from outside of it, will need to emerge. And when it does, the impact will be glaringly obvious.

As Riaz posited:

The time to solve big problems with extreme information is upon us. Businesses, organizations and governments are putting a lot of faith – and money – into technology solutions to help them make sense of it all. As a technology industry, we owe it to these companies to deliver real products that deliver real results to real problems, not just create more work.

So, let’s start by making that first big decision: Understanding big data’s importance, no matter how big of a buzzword it’s become.

Click here to subscribe to our blog!

Footerindesign

How Predictive Analytics Can Improve Healthcare

The below is the winning essay for a Brandeis GPS’ contest written by Health and Medical Informatics student, Davis Graham. Join Brandeis GPS is a free webinar 7/17 at 7pm: Long Term CareThe Last EMRFrontier

 

“My specific interest in predictive analytics is the ability to merge the once vacant silos of health information into a model which engages a person into the maintenance of a healthier lifestyle.[1]  Genomics and health information technology has the potential to help predict disease before it becomes chronic.  Predictive analytics will allow us to change from a treatment oriented to a preventive oriented healthcare system contributing to the efficiency of healthcare.

Predictive analytics gives the foundation for an individual to step onto a healthier path in life when substantial knowledge supports the first step.  There is a survival instinct which takes place in every individual when faced with the loss of health or life, giving them a fearlessness to assume responsibility to preserve their health and life.

The key element of a healthier population is engagement and implementation of a program which improves health.  For example, if a person has knowledge from predictive analytics showing they would have a 98% probability of being a candidate for colorectal cancer, then the barriers of fear currently existing in our current health care system would program-hero-strategic-analyticsinspire the patient to seek preventive care.  No one should die of colorectal cancer in this country or in the world.  Getting the patient to have a CT Colonography (CTC) would decrease the mortality rate for colorectal cancer substantially.  The cost of a CTC due to just the volume would decrease into the $250 range.  The current cost at our facility is $495; it costs us $200 to have the CTC read through teleradiology by a radiologist who reads these studies frequently.  Predictive analytics could change the whole landscape of CTC cost by pure volume.  Radiologists who are not reading CT Colonography (CTC) now would learn how to read them and would become experienced because of the increase in volume.

It is my hope that predictive analytics is steering healthcare back to the “doctor-patient relationship” of a patient driven healthcare.[2]  It is my belief that patient driven healthcare is the most efficient and effective way of providing health to a population.  With the aid of predictive analytics, the robust information gained from predictive analytics data will enable a society to engage in healthcare, which would educate the population with Stethoscopeknowledge as to how to predict their health outcomes.  Thus, the future patient population would embrace preventive health.  With patients engaged in their health, predictive analytics could reverse the current wasteful trend of 80% of healthcare expenditures being spent on 20% of the population, to one that is healthier for the economics of a country and a population.[3]  I could see in the future where 70% of the healthcare dollars is spent on 100% of the population with the remaining 30% going to research and development in healthcare and predictive analytics.

Predictive analytics would reverse the 20 to 30% of profits now going to health insurance companies into increased health dollars invested into healthcare.  A great example is William McGuire from United Health Care who earned $1.2 billion in one year.  This should be a light to the world that the $1.2 billion which William McGuire made did not go back into the healthcare system;[4]  it went into his pocket to spend and donate where his personal interests lay.  To put it in perspective, $1.2 billion could open 925 doctors’ offices each being 7,000 square foot for a cost of $1,297,400 each[5] or 4.8 million CTCs reimbursed at $250 each.

A key component to predictive analytics is the unbridled sharing of information. With quantum cryptography and the recent efforts of quantum computer (such as D-Wave), we are on the edge for sharing and processing healthcare’s “big data.” Predictive analytics in how-predictive-analytics-can-make-money-for-social-networks-46ce73d0c0the United States will be a new frontier for all health information which is electronically collected around the world. With predictive analytics, a combination of pharmaceuticals used to cure a chronic disease in one area of the world will enable population health to take steps in preventive care in advance of the chronic disease in other parts of the world.

In essence, we are embarking on a voyage into a new land of opportunity to process big data to predict solutions into the future. Healthcare is a team effort and aligns with Ernest Shackleton and his eclectic team, all of whom survived the harshest environment of being beset in the Antarctica.  Our healthcare system needs such a team to drive through the storms of economic pressure and the current healthcare system into one which perseveres.  Predictive analytics is the system which will not only benefit the United States, but predictive analytics in healthcare also has the potential to benefit the health of the world in a way healthcare has yet to be seen.”

About the Author: 

photoDavis Graham is currently earning his M.S. in Health and Medical Informatics with Brandeis University, Graduate Professional Studies. Davis is the Executive Director & CFO at the Manatee Diagnostic Center in Florida.  This essay won a contest for free entry into Eric Siegel’s Predictive Analytics World Conference.

Click here to subscribe to our blog!

Footerindesign

Is Healthcare the Next Frontier for Big Data?

The health care industry has always been at the center of emerging technology as a leader in the research and application of advanced sciences. Now, more than ever, the industry is on the edge of an innovation boom. Health care information technology possesses vast potential for advancement, making the field fertile ground for game-changing innovation and the next great frontier for big data.

The use of electronic health records (EHR), electronic prescribing, and digital imaging by health care providers has exploded in recent years, Health Affairs reports and the global health information exchange (HIE) market is projected to grow nearly ten percent per year, reaching $878 million in 2018, according to Healthcare Informatics.

But despite massive growth, health care IT faces a number of barriers slowing advancement.

When it comes to health information technologies, demand is outpacing delivery. Users desire higher levels of performance beyond the capacity of current IT solutions.

“Providers certainly want to do things that vendor technology doesn’t allow right now,” Micky Tripathi, Ph.D., CEO of the Massachusetts eHealth Collaborative (MAeHC), said to Healthcare Informatics.

program-hero-health-medical-informaticsOne reason technology is lagging is health care IT systems are independently developed and operated. Rather than one massive network, there are numerous “small shops developing unique products at high cost with no one achieving significant economies of scale or scope,” Health Affairs reported. As a result, innovations are isolated, progress is siloed, and technology cannot meaningfully advance.

To deliver the highest quality of care, the health care community must unite disparate systems in a centralized database. But, this is easier said than done. The industry must be sure to maintain the highest standards of security complying with Health Insurance Portability and Accountability Act of 1996 (HIPAA).

As a result, the health care IT industry currently faces a crucial challenge: devise an overarching system that guarantees security, sustainability, and scale.

The key to unlocking solutions is Big Data are the informaticians who translate mountains of statistics into meaningful healthcare IT applications.

“The growing role of information technology within health-care delivery has created the Electronic-Prescribingneed to deepen the pool of informaticians who can help organizations maximize the effectiveness of their investment in information technology—and in so doing maximize impact on safety, quality, effectiveness, and efficiency of care,” the American Medical Informatics Association noted. The future of health care hinges on the ability to connect the big data dots and apply insights to a creating and practicing a smart IT strategy.

Organizations have thrown themselves into the big data trenches to innovate solutions to the problem facing their industry. Ninety-five percent of healthcare CEOs said they were exploring better ways to harness and manage big data, a PricewaterhouseCoopers study reported. With the commitment of the health care community, plus the right talent and resources, industry-advancing innovations won’t be far behind.

Health care is indisputably the next great frontier for big data. How we seek, receive, and pay for health care is poised to fundamentally change and health care informaticians will be leading the evolution.

Find out more about the opportunities in health care information technology at the MS in Health and Medical Informatics Virtual Open House on June 3rd.

Protected by Akismet
Blog with WordPress

Welcome Guest | Login (Brandeis Members Only)