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Similar to the analytics platform’s positioning between operational and productivity platforms, the analytics team will work at the intersection between data and organizational knowledge – creating both clinical and financial value. Given the future demands for value-based health care, an analytics team will likely focus on challenges relating to:


• Managing financial risks and incentives.


• Proactively managing quality and outcomes.


• Improving the efficiency of care delivery.


• Managing population health and engaging patients.


Using analytics to create value in these areas will be a learning process for the analytics team and the broader organization. Since analytics is relatively new to health care, many team members may come from other industries that are less complex than health care. As the depth of your team’s health care under¬standing increases, so will the analytic value it creates.


In summary, creating value in health care requires a combination – a committed leadership, a highly- productive analytics platform and the right team which will support the strategic application of analytics within your organization. When you have such a heady mix, with each successful project, your organization become more agile while continuously learning from your data, adding organizational value at each step and in turn deriving exponential returns from analytics.


Vol. 5 Issue 4 Aug 2016


HOSPITAL & HEALTHCARE MANAGEMENT www.hhmglobal.com


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