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TRICAST Announces Patent-Pending Technology for Real-Time Health Data Analysis
Date:1/7/2014

MILWAUKEE, Jan. 7, 2014 /PRNewswire/ -- TRICAST, Inc., the nation's leading pharmacy data analytics company, today announced the U.S. Patent and Trademark Office's acceptance of their first patent application, a revolutionary low cost, distributed, decentralized and elastically scalable alternative to "Big Data".

"We're excited about our work," explained TRICAST President Greg Rucinski. "It keeps us in step with healthcare reform and the industry's desire for timely reporting."

Response and Intervention Are Concerns
Healthcare Reform business requirements and the Centers for Medicare and Medicaid (CMS) are requiring a responsive approach to managing health care information. Because this has become a top priority, healthcare executives and clinicians are searching for ways to quickly identify and respond to emerging issues. 

Traditional Big Data analysis solutions were developed for organizations requiring a flexible, backward looking analysis of historic data. What of organizations that require immediate insight into data that is not "historic" in the traditional sense, but minutes, or even seconds, old?

The TRICAST Solution
The TRICAST approach couples real-time data streams from disparate sources to its innovative business intelligence software. The resulting real-time analytics allow for the iterative transmission of small amounts of pharmacy and healthcare data and the storage of only the remarkable results—that is, anomalies or oddities or anything the user specifies as out-of-the-ordinary.

"Better, faster, cheaper was our mantra during the development work on this; we can move from problem to solution in real time," adds Rucinski. "This quick, accurate analysis really pays off in the Medicare Part D arena. Turnaround time is critical to the effective management of fraud, waste and abuse and rejected claims monitoring programs, as well as
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SOURCE TRICAST, Inc.
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