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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

are 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.

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