Welcome!

News Feed Item

Predictive Analytics Role in Improved Outcomes Highlighted in New Issue Brief from Health Fidelity

Document presents how healthcare organizations can leverage predictive analytics to gauge performance metrics and to forecast future outcomes

PALO ALTO, Calif., Feb. 18, 2014 /PRNewswire/ -- A new issue brief released by Health Fidelity, a healthcare big data company, describes how predictive analytics can be used to improve healthcare in the U.S. The issue brief, titled "Unlocking the Value of Healthcare's Big Data with Predictive Analytics," explains that predictive analytics play a vital role in assessing current healthcare organization performance metrics to forecast future outcomes.  

Technology improvements, coupled with increased data gathering and reporting requirements to optimize clinical and financial outcomes dictate the need for increased data handling and analytics capabilities. Predictive analytics provide organizations with powerful tools to assess current performance metrics and model "what if" scenarios to make data-driven decisions that improve care and financial outcomes. This is of particular importance, according to Health Fidelity, as the healthcare industry transitions towards value-based payment models.

"Healthcare outcomes can be greatly improved by using predictive analytics with data that organizations are already capturing. Healthcare organizations can manage costs and patient outcomes better when they leverage predictive models in their analysis and planning," said Anand Shroff, chief technology and product officer and co-founder, Health Fidelity.

Healthcare organizations that leverage the power of predictive analytics have the potential to gain deeper insight into factors that impact clinical quality and costs, according to Health Fidelity. With this actionable information, organizations can better predict and manage clinical and financial outcomes, and drive improvements in processes and practices to elevate care quality while avoiding unnecessary costs. A recent HFMA study proposes that by using data effectively to drive efficiency and quality, the healthcare industry could create more than $300 billion in value per year.

The organizations that will be the most effective performers in the future will be the ones who fully leverage the wealth of data they possess, according to Health Fidelity. Predictive analytics are the key to unlocking the value in healthcare's big data.

To access "Unlocking the Value of Healthcare's Big Data with Predictive Analytics," visit http://healthfidelity.com/technology/issue-briefs/predictive-analytics-issue-brief.   

About Health Fidelity
Health Fidelity, Inc., based in Palo Alto, Calif., is a healthcare big data analytics company. The company works with healthcare organizations to address risk and quality in value-based payment models by leveraging the most powerful and proven natural language processing (NLP) and inference platform. Health Fidelity also enables application developers to leverage vast amounts of unstructured and discrete data to provide unique clinical and financial insights.

Health Fidelity and REVEAL are trademarks of Health Fidelity, Inc. in the United States and/or other countries.

Media Contact:
Kate Ottavio
KNB Communications
203-504-8230 ext. 135
[email protected]

SOURCE Health Fidelity, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
IoT solutions exploit operational data generated by Internet-connected smart “things” for the purpose of gaining operational insight and producing “better outcomes” (for example, create new business models, eliminate unscheduled maintenance, etc.). The explosive proliferation of IoT solutions will result in an exponential growth in the volume of IoT data, precipitating significant Information Governance issues: who owns the IoT data, what are the rights/duties of IoT solutions adopters towards t...
Digital transformation has increased the pace of business creating a productivity divide between the technology haves and have nots. Managing financial information on spreadsheets and piecing together insight from numerous disconnected systems is no longer an option. Rapid market changes and aggressive competition are motivating business leaders to reevaluate legacy technology investments in search of modern technologies to achieve greater agility, reduced costs and organizational efficiencies. ...
Amazon started as an online bookseller 20 years ago. Since then, it has evolved into a technology juggernaut that has disrupted multiple markets and industries and touches many aspects of our lives. It is a relentless technology and business model innovator driving disruption throughout numerous ecosystems. Amazon’s AWS revenues alone are approaching $16B a year making it one of the largest IT companies in the world. With dominant offerings in Cloud, IoT, eCommerce, Big Data, AI, Digital Assista...
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities. In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, posited that disruption is inevitable for comp...
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, discussed how by using ne...
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
@DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises - and delivering real results.
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
DXWorldEXPO LLC announced today that All in Mobile, a mobile app development company from Poland, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. All In Mobile is a mobile app development company from Poland. Since 2014, they maintain passion for developing mobile applications for enterprises and startups worldwide.
Both SaaS vendors and SaaS buyers are going “all-in” to hyperscale IaaS platforms such as AWS, which is disrupting the SaaS value proposition. Why should the enterprise SaaS consumer pay for the SaaS service if their data is resident in adjacent AWS S3 buckets? If both SaaS sellers and buyers are using the same cloud tools, automation and pay-per-transaction model offered by IaaS platforms, then why not host the “shrink-wrapped” software in the customers’ cloud? Further, serverless computing, cl...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors!