The Institute for Operations Research and the Management Sciences (INFORMS) today announced the award of its annual INFORMS Prize to Mayo Clinic, the innovative healthcare organization that has used analytics throughout its organization to provide economical, quality services in an era of ballooning medical costs.
The ceremony took place yesterday at the 2014 INFORMS Conference on Business Analytics and Operations Research at the Westin Boston Waterfront.
"Operations research is deeply rooted in Mayo Clinic's culture," says Mayo Clinic President & CEO John Noseworthy, M.D. "These disciplines help us improve patient outcomes and experience while controlling rising health care costs, one of the biggest financial challenges facing our country today."
INFORMS, a professional society for specialists in operations research and analytics, recognizes just one outstanding organization with this prize every year. By awarding the 2014 INFORMS Prize to the Mayo Clinic, INFORMS brings awareness to the outstanding, system-wide use of analytics and operations research (O.R.) in every facet of the healthcare organization.
Mayo Clinic's century-long history of using systems thinking, analytics and O.R. traces its roots back to Dr. Henry Plummer, who developed the first integrated, paper medical record as a platform to organize and share patient information within a group practice of medicine. This served as the foundation of Mayo Clinic's culture of applying engineering and O.R. principles.
Mayo Clinic continues to make significant investments to ensure a sophisticated advanced analytics and O.R. infrastructure. With more than 500 practitioners of O.R. and analytics, Mayo Clinic is able to continually leverage analytical methods to enhance strategic planning, care process redesign, patient experience, inventory management, and project management leading to important patient benefits as well as financial savings.
|Contact: Barry List|
Institute for Operations Research and the Management Sciences