The Promise of Healthcare Analytics with FTI Catalyst. By Prof. Asha Saxena, Columbia Business School CEO, FTI Catalyst
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1 The Promise of Healthcare Analytics with FTI Catalyst By Prof. Asha Saxena, Columbia Business School CEO, FTI Catalyst
2 Asha Saxena, President & CEO, fticorporate.com, fticatalyst.com President and CEO Future Technologies, Inc. (FTI), an international Data Management and Analytics Solutions firm with global headquarters in Plainfield, NJ. Professor Asha Saxena leads Big Data Seminars at Columbia University and is an evangelist for data analytics. Teach Entrepreneurship and Business Columbia University s Global Innovator and Entrepreneurial Group and Entrepreneur in Residence for Columbia Business School Nominated as one of the founding members Computer Science Engineer and Executive Management Programs at MIT and London Business School Ms. Saxena is Certified as a Six Sigma Black Belt professional in the discipline of Operational Excellence Big Data. Simple Solutions. 2
3 Big Data. Simple Solutions. 3
4 John visits Dr. Smith, trained in Analytics, and gives his doctor access to his medical history in the cloud Dr. Smith inputs specific details from his discussion with John. An algorithm uses this data to propose alternative diagnoses and treatments personalized to John A report is produced on the likelihood of success of treating the patient and the possible side effects This is a vision of personalized, analytics driven medicine. Big Data. Simple Solutions. 4
5 OR departments offer degrees of Analytics in Medicine in collaboration with Medical schools. Medical schools train doctors in Analytics in collaboration with OR departments. Many other degrees are offered: Analytics in Law, Analytics in Media, Analytics in Sports, etc. An unprecedented opportunity for OR, the most important opportunity in my career. Big Data. Simple Solutions. 5
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7 5 billion gigabytes of data were created from the beginning of recorded time until In 2011, the same amount was created every TWO DAYS. In 2013, the same amount is created every TEN MINUTES. Source:
8 Big Data. Simple Solutions. 8
9 Billion Connected Things Billion Connected Things Big Data. Simple Solutions. 9
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13 Analytics is the science of using data to build models for better decisions and value. OR has focused primarily over its history on models and decisions. Big Data. Simple Solutions. 13
14 Insights, Decisions and Actions to Realize Value DRIVING POPULATION HEALTH Insights Decisions Actions Data Analytics Capabilities Analytics Value Big Data. Simple Solutions. 14
15 Insights, Decisions and Actions to Realize Value DRIVING POPULATION HEALTH Data Insights Decisions Actions The last mile of action requires alignment of workflow, personalized decisions and incentives. Analytics Capabilities Industry and analytics skills sets are required to create hypothesis and valuable insights. Analytics Value Big Data. Simple Solutions. 15
16 Applying BI to Analyze Healthcare Performance Big Data. Simple Solutions. 16
17 The United States healthcare industry is under pressure to: Improve quality of service Reduce costs Extend access to care Information systems provide a fact-based foundation to help achieve healthcare industry goals Electronic Medical Records (EMR s) provide new sources of information Big Data. Simple Solutions. 17
18 Operational Efficiencies Better bottom line Clinical Care Big Data. Simple Solutions. 18
19 Vision Planning Sponsorship Strategic Enterprise Intelligence Guidance Frameworks Technical Expertise Tactical Big Data. Simple Solutions. 19
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22 Data Nearest at Hand Reporting Requirements from Centers of Medicare & Medicaid Services (CMS) Admissions & Readmissions Emergency Department Visits and Wait Times Mortality DRG Codes for Procedures And more. Big Data. Simple Solutions. 22
23 Core Measures Immunization Psyche Surgical Financial Profitability Case Mix Payor Mix Operational Discharges Admissions LOS Productivity Trend Heat Map Overstaff Quality Mortality Rate Readmission Resource Utilization ED Admissions Summary Throughput Quality Staffing Payroll Overtime Workforce Management Big Data. Simple Solutions. 23
24 Decisions That Matter.
25 We partner with you to integrate your data from its disparate sources to our pre-defined (but customizable) data model. That pre-defined model is embedded with a series of pre-built Healthcare dashboards. Once our engagement has concluded, you will have a best-in-class set of dashboards ready to be implemented across your organization, as well as the knowledge of how to build upon it further. Big Data. Simple Solutions. 25
26 Pre-defined data model, developed based upon 10+ years of usage & iterative refinement at a large healthcare provider Patient Detail Location Time Physicians DRG Patient Charges Diagnoses Procedure s We ve designed the robust data model to incorporate the critical attributes and measures that will allow you to manage the numerous challenges your hospital faces. All joins & calculations embedded in the RPD we will deliver to you. Business Intelligence for Enterprise Excellence 11/18/
27 Data model is customizable. Additional attributes can be added to the already comprehensive offering. Patient Detail Business Intelligence for Enterprise Excellence 11/18/
28 FTI will partner with you to help you understand the attributes available, and how best to map your existing source system data to the data model. Source A Source B Etc. Business Intelligence for Enterprise Excellence 11/18/
29 2 Flavors Big Data. Simple Solutions. 29
30 All content is presented using a Balanced Scorecard approach. 5 main content areas give users an intuitive approach to accessing their information. Big Data. Simple Solutions. 30
31 DEMO Big Data. Simple Solutions. 31
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58 Separate Detail Dashboards for: 1. AMI/HF 2. Children s Asthma 3. IP Psych 4. Immunization 5. Perinatal 6. Pneumonia 7. Surgery 8. Stroke 9. VTE Big Data. Simple Solutions. 58
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64 Healthcare Big Data. Simple Solutions. 64
65 4. Data Validation 3. Populate Dashboard FTI Catalyst 1. Data Discovery 2. Data Integration Big Data. Simple Solutions. 65
66 is a unique offering. It combines technical expertise (designing the BIEE Metadata Layer/ Tableau and Dashboard Reports using best practices) with deep-domain expertise in Healthcare, which is inherently a complicated and rapidly-evolving industry. Big Data. Simple Solutions. 66
67 Unlock Your Hospital s Potential: Establishing a Starting Point for Data Analysis in Becker s Hospital Review The Ultimate Guide to Metrics for Business Leaders in Entrepreneur 5 Strategies for Strengthening CFO Connections to Metrics in CitizenTekk How to Use Analytics to Improve Readmission Rates in HealthWorks Collective Big Data. Simple Solutions. 67
68 Call or me: Asha Saxena W: C: Big Data. Simple Solutions. 68
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