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:12/7/2016)... AUSTIN, Texas , Dec. 7, 2016 /PRNewswire/ ... development of revolutionary immunogene therapy treatments, today announced ... healthcare practice within a leading strategic communications and ... strategic communications program. The program will combine investor ... the objective of raising the profile of Genprex ...
(Date:12/7/2016)... ... December 07, 2016 , ... ... recovery solutions for industrial facilities, today announced that one of the nation’s fastest ... use Cambrian’s novel water-energy purchase agreement (WEPA). Under the WEPA, a first for ...
(Date:12/7/2016)... Massachusetts (PRWEB) , ... December 07, 2016 , ... Kara Dwyer Dodge grew up hearing ... Dwyer, a third-generation fisherman in Scituate, Mass., found a sea turtle entangled in the lines ... where the turtle became a minor sensation because no one could remember ever seeing one ...
(Date:12/6/2016)... (PRWEB) , ... December 06, 2016 , ... ... on December 1, 2016 asking the Federal Drug Administration (FDA) to consider OA ... of OA, OARSI is concerned about the growing population of OA patients, many ...
Breaking Biology Technology:
(Date:11/22/2016)... 22, 2016 According to the new market research ... Face, Vein, Signature, Voice), Multi-Factor), Component (Hardware and Software), Function (Contact and ... the market is expected to grow from USD 10.74 Billion in 2015 ... between 2016 and 2022. Continue Reading ... ...
(Date:11/21/2016)... 21, 2016   Neurotechnology , a provider ... today announced that the MegaMatcher On Card fingerprint ... for the NIST Minutiae Interoperability Exchange (MINEX) ... mandatory steps of the evaluation protocol. ... test of fingerprint templates used to establish compliance ...
(Date:11/17/2016)... , Nov. 17, 2016 Global Market Watch: ... Biobanks (Disease-Based Banks, Population-Based Banks and Academics) market is to ... for Private Biobanks shows the highest Compounded Annual Growth Rate ... region during the analysis period 2014-2020. North ... of 9.95% followed by Europe at ...
Breaking Biology News(10 mins):