Industry Challenges to Healthcare Analytics

Industry Challenges to Healthcare Analytics

Industry Challenges to Healthcare Analytics

According to Davenport (2014) the organizational value of healthcare analytics, both determination and importance, provide a potential increase in annual revenue and ROI based on the value and use of analytics. To complete this assignment, research and evaluate the challenges faced in the implementation of healthcare analytics in the Health Care Organization (HCO) or health care industry using the following tools:

figure 5.1
The Healthcare Value Framework (Davenport, 2014).

figure 8.1
The Value Life Cycle (Davenport, 2014).

The paper must also address the following:

Application of PICO (problem, intervention, comparison group, and outcomes) to the challenge identified in your research.
The paper:

Davenport, T., & McNeill, D. (2014). Analytics in healthcare and the life sciences: Strategies, implementation, methods, and best practices. Retrieved from https://content.ashford.edu

 

What are some challenges that the health care industry is facing regarding analytics?

Part II: Strategies, Frameworks, and Challenges for Health Analytics – This section of the text covers some important issues, approaches, and stylistic approach used resolve healthcare data. These textbook readings will provide assistance with the CSBI exam and the discussion question.
Web Page
Thayer, C., Bruno, J., and Remorenko, M. (2013). Using data analytics to identify revenue at risk (Links to an external site.). Healthcare Financial Management Association. Retrieved from http://www2.deloitte.com/us/en/pages/life-sciences-and-health-care/articles/using-data-analytics-to-identify-revenue-risk-health-care-providers.html

 

Problems with predictive analytics in healthcare

The Healthcare Financial Management Association (HFMA) website offers pertinent information relating to the evolution of healthcare informatics to analytics. As big data begins to drive the HCO’s leadership towards improvements in revenue cycle management through the use of predictive and comparative analytics. Health analytics is driven by advancements in technology, healthcare reform, regulatory mandates, and the emergence of value-based payment models. This webpage will provide assistance with the CSBI exam, the discussion question, and the assignment.
Website
Healthcare Financial Management Association (Links to an external site.). (n.d.). Retrieved from http://www.hfma.org/

The Healthcare Financial Management Association is an organization of healthcare finance leaders that builds and supports coalitions with other healthcare associations and industry groups to face the challenges the U.S. healthcare system faces today.