Navigation Links
Mayo Clinic named 2014 INFORMS Prize winner
Date:4/1/2014

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.

Examples include optimization models for patient scheduling; queuing theory for effectively transporting patient; systems dynamics for strategic capital allocation planning; simulation modeling to redesign pharmacies that reduce patient waiting; and discrete event simulation models for blood management.

In addition to applying advanced analytics and O.R. to its business, Mayo Clinic has made significant strides to educate staff and disseminate what they've learned.

Mayo Clinic's leadership recognizes analytics and engineering as key contributors to the organization's sustained excellence, market differentiation, and superior customer experience. Looking to the future, senior leaders consider these disciplines to be vital in addressing the formidable challenges in healthcare today and tomorrow.

The Institute for Operations Research and the Management Sciences annually awards the INFORMS Prize for effective integration of operations research into organizational decision making. The award is given to an organization like the Mayo Clinic that has repeatedly applied the principles of O.R. in pioneering, varied, novel, and lasting ways.

Past recipients of the award include Intel, UPS, HP, IBM, Ford, Procter & Gamble, and GE Research.


'/>"/>

Contact: Barry List
barry.list@informs.org
443-794-5182
Institute for Operations Research and the Management Sciences
Source:Eurekalert

Related medicine news :

1. Cleveland Clinic study shows bariatric surgery provides long-term control of diabetes
2. HPV eradicated by AHCC supplement, preclinical study suggests
3. Miriam Hospital receives renewal of NIH grant for AIDS Clinical Trials Group
4. Kessler Foundation MS scientist awarded Patterson Trust Award in Clinical Research
5. Multidisciplinary research team led by Tufts CTSI proposes new model for clinical trials
6. Clinical trial identifies women most likely to benefit from vaginal mesh surgery
7. Myriad publishes clinical utility study for Prolaris
8. UNC receives more than $40 for global clinical trials unit to treat and prevent HIV
9. Mayo Clinic discovers African-Americans respond better to rubella vaccine
10. Clinical opinion published on use of maternal oxygen during labor
11. REACT clinical trial supports new approach of accelerated treatment for Crohns disease
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/29/2016)... ... April 29, 2016 , ... The number of chronically and ... – meaning that there is an urgent need for highly skilled care managers and ... delivering a multi-pronged approach to train and retain care managers, and enhance their skills. ...
(Date:4/28/2016)... ... April 28, 2016 , ... The Dentists ... it has signed a letter of intent with Moda to acquire ... Company (NORDIC). , Started by dentists 36 years ago, TDIC focuses exclusively on ...
(Date:4/28/2016)... ... ... Head Over Heels Athletic Arts’ gymnast, Brooklyn Varize, has qualified to compete in ... University of Montana on April 28-May 1. Varize will compete on Saturday against the ... qualify, Varize needed to place top seven all-around in her respective age group. Varize ...
(Date:4/28/2016)... , ... April 28, 2016 , ... ... the Campaign for Tobacco-Free Kids, a leading force in the fight to reduce ... state and local policies that can help reduce tobacco use. The initiative brings ...
(Date:4/28/2016)... ... April 28, 2016 , ... ... solutions, announces today the availability of its latest software release, NetZoomDC 14.5. ... management and optimization, providing new analytical capabilities that assess complex capacity factors ...
Breaking Medicine News(10 mins):
(Date:4/27/2016)... 27, 2016   Zillion Group today ... technology platform, which specializes in live video consultation. ... digital products, Zillion enables companies to realize the ... to take control of their health. ... – including one-to-one, group and webcast scheduled or ...
(Date:4/27/2016)...  Bayer Animal Health today announced that ... of Florida College of Veterinary Medicine, is the ... Award (BECA). Brittany was selected from entries representing ... of $70,000 in scholarship funds through the 2016 ... provided a total of $232,500 in scholarship awards ...
(Date:4/27/2016)... April 27, 2016 ... the  "Global Anesthesia Disposables Market 2016-2020"  report ... ) ,The global anesthesia disposables market ... of 4.03% during the period 2016-2020.  ... threat to patients, safety. Organizations like the ...
Breaking Medicine Technology: