Navigation Links
MedeAnalytics' Ken Perez Predicts Rapid Growth of Healthcare Data Analytics Market at Conference on Data Analytics in Life Sciences, Healthcare and Biotech Companies
Date:5/3/2013

EMERYVILLE, Calif., May 3, 2013 /PRNewswire/ -- "Through 2017, the healthcare data analytics market is projected to grow 8-10 times as fast as the overall economy," Ken Perez , MedeAnalytics' senior vice president of marketing and director of healthcare policy, told a gathering of executives at the Data Analytics in Life Sciences, Healthcare and Biotech Companies conference held yesterday in San Francisco. "This is an exciting prospect, but we need to be mindful that big data by itself cannot reform healthcare," he cautioned. MedeAnalytics is a leading provider of healthcare performance management solutions.

(Logo: http://photos.prnewswire.com/prnh/20100621/SF23660LOGO)

Three Primary Drivers
In his presentation, "Data Analytics in Healthcare," Perez identified the three primary drivers of data analytics in healthcare: 1) the economic pressure caused by rising healthcare costs; 2) health reform with its "Triple Aim" of improving the experience of care, improving the health of populations, and reducing per capita costs of healthcare; and 3) the technology wave of big data and its sequels: information and predictive analytics.

"The challenging economic reality for our nation is that healthcare expenditures are the major driver of our federal government's debt," Perez told the audience. "We're slated to spend $2.8 trillion on healthcare this year in the U.S., over $8,000 per person, and almost 20 percent of our GDP. Obviously, these numbers, and the projected growth of healthcare expenditures, are not sustainable."

"Health reform (the Affordable Care Act), with its underlying Triple Aim as articulated by Don Berwick , former Administrator for the Centers for Medicare and Medicaid Services, includes five major healthcare delivery reforms—accountable care organizations, value-based purchasing, hospital readmissions reduction, bundled payments, and payment adjustment for healthcare-acquired conditions—which impose a multiplicity of performance measures in the spirit of pay-for-performance and fee-for-value on healthcare provider organizations," said Perez. "Given the complexity of our healthcare system, sustainable accomplishment of targeted reforms and progress on performance measures are only possible through robust application of healthcare data analytics."

Big Data Alone Cannot Help Healthcare
Perez concluded by reminding his audience, "It's not enough just to have the data and aggregate it. Big data need to be transformed into something relevant and actionable, driving changes in decision making and behavior," he said. "This is where the sequels to big data—information and predictive analytics—come into play. Information means that the data are distilled, summarized, sorted, prioritized, measured and/or visualized. Predictive analytics entails using historical information combined with statistics and algorithms to create actionable insights and results."

The conference, sponsored by Wilson Sonsini Goodrich & Rosati, was organized in partnership with PRIME and Genopole.

About MedeAnalytics
Founded in 1994, MedeAnalytics delivers performance management solutions across the healthcare system—including hospitals, physician practices and payers—to ensure accountability and improve financial, operational and clinical outcomes. For more information, visit www.medeanalytics.com.

For more information:                                              MedeAnalytics, Inc.
Gary Summers                                                       5858 Horton Street , Suite 475
Lewis & Summers Public Relations                          Emeryville, CA 94608
(925) 330-6055
gary@prwebsite.com 


'/>"/>
SOURCE MedeAnalytics
Copyright©2012 PR Newswire.
All rights reserved

Related biology technology :

1. Probiotic Action Representative Fernando Perez Shares Tips for Parents with Teens Suffering from Acne and Depression
2. A Blood Sample Predicts if Cancer Patients Respond to Therapy
3. Peer Reviewed Clinical Study Shows New Blood Test More Accurately Predicts Risk Of A Heart Attack
4. All Market Research Predicts the Global Ophthalmology Devices Market Will Reach $18,286.4 Million in 2018
5. Blue Brain Project accurately predicts connections between neurons
6. Isothermal Nucleic Acid Amplification Technologies Market 2012-2017: Molecular Diagnostics, Infectious Disease Testing, Blood Screening, Cancer Research, Rapid Testing
7. Life Technologies Offers New Rapid DNA Platform
8. Neogen launches rapid tests for ractopamine
9. Rapidly Growing Company Extends Global Reach
10. PathoGenetix Adds Director of Manufacturing and Begins Production of New Rapid Bacterial Strain Typing System
11. WaferGens MyDesign Open Platform Facilitates Rapid Development of a Proprietary Prostate Cancer Diagnostic Panel in the Lab of Dr. Arul Chinnaiyan at the University of Michigan Cancer Center
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2019)... VEGAS (PRWEB) , ... June 26, 2019 , ... Alice ... energy treatment on improving physicochemical properties of Magnesium Gluconate, which can prove to be ... Over 125% alteration of characteristic differentiation peak, change in crystallite size , ...
(Date:6/12/2019)... (PRWEB) , ... June 12, 2019 , ... ... built, helium-based leak testing instruments for the Pharmaceutical, Biotechnology, Medical Device and Food ... Zillion has been signed. The agreement will grant exclusive rights for Zillion to ...
(Date:6/11/2019)... Calif. (PRWEB) , ... June 10, 2019 , ... ... today announced IOPP will add 80 of its scientific journals to DeepDyve’s rental ... physics-related content to DeepDyve’s continually expanding library of more than 20 million articles, ...
(Date:6/11/2019)... ... 11, 2019 , ... A study released today in STEM ... able to incorporate into human CD34+ cells, modifying their gene expression and increasing ... the cells’ ability to lodge into bone marrow. This research performed by Prof. ...
Breaking Biology Technology:
(Date:7/9/2019)... ... July 09, 2019 , ... Murrieta Genomics, ... its incubator program. The founder and CEO of Tx Genetic, Helen Harrison, has ... those suffering from epithelial connective tissue disorders. , “We are pleased and excited ...
(Date:6/27/2019)... ... 2019 , ... Lighting designers from integrated design firm LPA recently ... for creating both engaging and energy efficient lighting systems. , The lighting for the ... San Diego, California earned an IES Illumination Award of Merit in the Energy and ...
(Date:6/19/2019)... ... June 19, 2019 , ... Dahryn Trivedi, today released research ... Cefazolin Sodium, antibiotic which can prove to be beneficial for treating multiple bacterial diseases. ... residue amount , Over 68% decrease in weight , ...
Breaking Biology News(10 mins):