SlideShare a Scribd company logo
1 of 13
Download to read offline
© 2014 Healthline Networks Inc. Confidential and Proprietary.
The Power and Promise of
Unstructured Patient Data
2
BIG DATA
U.S. Spending on Healthcare
Little Insight
3
Data-Driven Solutions Can Improve Outcomes and Bend Cost Curves
Source: JEGI, Gartner, McKinsey, ADA, AHA, HealthPartners Research Foundation, Healthline analysis
McKinsey estimates the U.S. can save $300B-$450B per year from investments in Big Data analytics
2.5
2.6
2.7
2.8
2.9
3.0
3.1
3.2
3.3
3.4
3.5
1	
   2	
   3	
   4	
  
$Trillions
What curve would look like with savings
from successful use of Big Data
U.S. Spending on Healthcare
2012 2013 2014 2015
4
Driving Data from Descriptive to Prescriptive/Predictive Analytics
Source: Liquid Analytics
Tech investments shifting from collecting data to understanding it to making it actionable at the point of care
Data Latency
Reporting Analytics
What
happened?
What will
happen?
Why did it
happen?
What is
happening?
What should
we do?
What can we
offer?
Data Information Knowledge
Data Freshness
5
Clinical Analysis, Data Mining, and Predictive Modeling Top of Mind
Source: SearchHealthIT.com's business intelligence survey
0 10 20 30 40 50 60 70 80
other
none
administrative business intelligence
predictive analysis
data mining
clinical data analysis
Which advanced analytics tools does your organization plan to you use in the next 2 years?
Results based on 243 responses from CIOs and senior IT executives at medical centers, health systems and physician practices across U.S.
6
Goal: Making Unusable Data Actionable
90% of healthcare data over the next decade will be unstructured
(IDC, Kaiser Family Foundation)
•  Healthcare is moving to a value based model
•  Providers need to make investments in data-driven technologies to
manage the health of their patient populations more effectively
•  A major factor mitigating the power of these analytics solutions is
access to information-rich unstructured data (e.g., physician notes,
family histories, etc.)
•  Leveraging data—structured and unstructured—from disparate
sources is key
Leveraging Unstructured Data and Data from Disparate Sources Is Critical
7
Unstructured search capabilities, superior
natural language processing, and
healthcare ontology capabilities will help
distinguish the leading products in the
category (information and data-driven
decision making).
Robust Health Informatics is the Key to Unlocking the Unusable Data
“
“
Source:	
  JEGI	
  HCIT	
  Issues,	
  Trends	
  and	
  M&A	
  Outlook	
  2014	
  
8
IMPROVE PATIENT CARE
BETTER PRIORITIZE AND FOCUS
HEALTHCARE RESOURCES
UNDERSTAND AND REDUCE RISK
Understanding Unstructured Patient Data Can Provide New Insights
9
For Instance: Risk Assessment for Readmission
Source:	
  CMS,	
  Healthcare	
  Cost	
  U7liza7on	
  Project,	
  AHA,	
  Healthline	
  analysis	
  
Seven conditions / procedures account for 30
percent of potentially preventable
readmissions:
1.  Heart failure (HF) 1
2.  Chronic obstructive pulmonary disease (COPD) 2
3.  Pneumonia 1
4.  Acute myocardial infarction 1
5.  Coronary artery bypass graft surgery
6.  Percutaneous transluminal coronary angioplasty
7.  Other vascular procedures
Heart Failure Readmissions
Average 300-bed hospital at 90% occupancy
•  27,000 stays
•  1,755 HF stays (~6.5%)
•  439 HF readmissions (25%)
•  $15,000 average cost of HF readmission
•  $6.6M total HF readmission costs
BY THE NUMBERS
Note: Hospitals with high avoidable readmission for highlighted conditions/procedures currently penalized by CMS
1 Currently part of CMS Readmission Measures
2 COPD added to CMS Readmission measures for October 2014
10
UNLOCKING UNSTRUCTURED DATA CAN ENABLE SYSTEMS TO IDENTIFY
WHO IS IN THE HIGHEST RISK CATEGORY BASED ON A VARIETY OF
FACTORS:
1.  Medical / Health Factors
2.  Psycho-Social Factors
3.  Socio-Economic Factors
Understanding who is a highest risk for readmission makes the targeting of
scare resources in terms of interventions and support possible at scale.
11
Risk Assessment for Heart Failure (HF) Readmission
Assump7ons:	
  6.5%	
  HF	
  stays	
  /	
  total	
  hospital	
  stays;	
  25%	
  HF	
  readmission	
  rate;	
  $15,000	
  avg	
  cost	
  of	
  HF	
  readmission;	
  75%	
  of	
  HF	
  readmits	
  theore7cally	
  avoidable	
  (CMS)	
  
Source:	
  CMS,	
  Healthcare	
  Cost	
  U7liza7on	
  Project,	
  AHA,	
  Healthline	
  analysis	
  
	
  	
  	
  
HF READMISSION – CUSTOMER ECONOMICS
Average 300 Bed Hospital (90% Occupancy)
27,000 stays 1,755 HF stays
439 HF
readmits
$15,000 per
readmit
$6.6M total
15% reduction
in readmits
~$1M cost
savings
$564 savings
per admit
Patients
Costs
Potential
Cost
Savings
12
Important to a Growing Array of Risk-Bearing Entities (RBEs), Especially Providers
Life
Science
(21%)
Insurance
(25%)
Provider
(54%)
Physicians
(9%)
Hospital
(45%)
Source:	
  JEGI,	
  Gartner,	
  McKinsey,	
  Nuance,	
  Healthline	
  Analysis	
  	
  
U.S. HCIT Market ~$72B (2014)
~5% CAGR
“Main driver of HCIT spending in U.S. can be attributed to
hospitals, clinics and private practices implementing health IT
solutions.”
– VP Healthcare Solutions, Nuance
0.0	
  
5.0	
  
10.0	
  
15.0	
  
20.0	
  
25.0	
  
1	
   2	
   3	
   4	
   5	
   6	
   7	
   8	
  
Spending on Healthcare Analytics
$	
  Billions	
  
2013	
  	
  	
  	
  	
  	
  	
  	
  2014	
  	
  	
  	
  	
  	
  	
  2015	
  	
  	
  	
  	
  	
  	
  2016	
  	
  	
  	
  	
  	
  	
  2017	
  	
  	
  	
  	
  	
  2018	
  	
  	
  	
  	
  	
  	
  	
  2019	
  	
  	
  	
  	
  	
  	
  2020	
  
~25% CAGR
~65% from providers
© 2014 Healthline Networks Inc. Confidential and Proprietary.
press@healthline.com

More Related Content

What's hot

Saudi Arabian Consumer Health Insights - COVID-19 Survey Overview
Saudi Arabian Consumer Health Insights - COVID-19 Survey OverviewSaudi Arabian Consumer Health Insights - COVID-19 Survey Overview
Saudi Arabian Consumer Health Insights - COVID-19 Survey OverviewMcKinsey on Healthcare
 
COVID-19 crisis: US Healthcare preparedness - provider workforce
COVID-19 crisis: US Healthcare preparedness - provider workforceCOVID-19 crisis: US Healthcare preparedness - provider workforce
COVID-19 crisis: US Healthcare preparedness - provider workforceKim Simoniello
 
2021 COVID-19 Consumer Healthcare Insights
2021 COVID-19 Consumer Healthcare Insights2021 COVID-19 Consumer Healthcare Insights
2021 COVID-19 Consumer Healthcare InsightsKim Simoniello
 
Why consumers are crucial for building a sustainable healthcare system
Why consumers are crucial for building a sustainable healthcare systemWhy consumers are crucial for building a sustainable healthcare system
Why consumers are crucial for building a sustainable healthcare systemMcKinsey on Healthcare
 
Insights into the 2020 Medicare Advantage market
Insights into the 2020 Medicare Advantage marketInsights into the 2020 Medicare Advantage market
Insights into the 2020 Medicare Advantage marketKim Simoniello
 
Patient centric care
Patient centric carePatient centric care
Patient centric careInnovaccer
 
Insight into the 2018 individual exchange market - PPT
Insight into the 2018 individual exchange market - PPTInsight into the 2018 individual exchange market - PPT
Insight into the 2018 individual exchange market - PPTMcKinsey on Healthcare
 
Consumerism: the convenient care industry
Consumerism: the convenient care industryConsumerism: the convenient care industry
Consumerism: the convenient care industryCepal & Co.
 
Consumerism: The convenient care industry
Consumerism: The convenient care industryConsumerism: The convenient care industry
Consumerism: The convenient care industryCepal & Co.
 
Draft AMCP 2006 Model Quality 4-4-06
Draft AMCP 2006 Model Quality 4-4-06Draft AMCP 2006 Model Quality 4-4-06
Draft AMCP 2006 Model Quality 4-4-06Joe Gricar, MS
 
Better Together: 2019 Patient Services Survey
Better Together: 2019 Patient Services SurveyBetter Together: 2019 Patient Services Survey
Better Together: 2019 Patient Services Surveyaccenture
 
Covid 19-survey PWC
Covid 19-survey PWCCovid 19-survey PWC
Covid 19-survey PWCTrustRobin
 
Consumer health experience radar 2015
Consumer health experience radar 2015Consumer health experience radar 2015
Consumer health experience radar 2015PwC
 
Edelman Health Barometer 2008
Edelman Health Barometer 2008Edelman Health Barometer 2008
Edelman Health Barometer 2008Edelman
 

What's hot (18)

Mc kinsey covid-19-facts-and-insights-march-25-v3
Mc kinsey covid-19-facts-and-insights-march-25-v3Mc kinsey covid-19-facts-and-insights-march-25-v3
Mc kinsey covid-19-facts-and-insights-march-25-v3
 
Care delivery of the future
Care delivery of the futureCare delivery of the future
Care delivery of the future
 
Saudi Arabian Consumer Health Insights - COVID-19 Survey Overview
Saudi Arabian Consumer Health Insights - COVID-19 Survey OverviewSaudi Arabian Consumer Health Insights - COVID-19 Survey Overview
Saudi Arabian Consumer Health Insights - COVID-19 Survey Overview
 
COVID-19 crisis: US Healthcare preparedness - provider workforce
COVID-19 crisis: US Healthcare preparedness - provider workforceCOVID-19 crisis: US Healthcare preparedness - provider workforce
COVID-19 crisis: US Healthcare preparedness - provider workforce
 
2021 COVID-19 Consumer Healthcare Insights
2021 COVID-19 Consumer Healthcare Insights2021 COVID-19 Consumer Healthcare Insights
2021 COVID-19 Consumer Healthcare Insights
 
Why consumers are crucial for building a sustainable healthcare system
Why consumers are crucial for building a sustainable healthcare systemWhy consumers are crucial for building a sustainable healthcare system
Why consumers are crucial for building a sustainable healthcare system
 
Insights into the 2020 Medicare Advantage market
Insights into the 2020 Medicare Advantage marketInsights into the 2020 Medicare Advantage market
Insights into the 2020 Medicare Advantage market
 
Patient centric care
Patient centric carePatient centric care
Patient centric care
 
Insight into the 2018 individual exchange market - PPT
Insight into the 2018 individual exchange market - PPTInsight into the 2018 individual exchange market - PPT
Insight into the 2018 individual exchange market - PPT
 
Consumerism: the convenient care industry
Consumerism: the convenient care industryConsumerism: the convenient care industry
Consumerism: the convenient care industry
 
Consumerism: The convenient care industry
Consumerism: The convenient care industryConsumerism: The convenient care industry
Consumerism: The convenient care industry
 
Draft AMCP 2006 Model Quality 4-4-06
Draft AMCP 2006 Model Quality 4-4-06Draft AMCP 2006 Model Quality 4-4-06
Draft AMCP 2006 Model Quality 4-4-06
 
Navigating the COVID-19 Crisis V1
Navigating the COVID-19 Crisis V1Navigating the COVID-19 Crisis V1
Navigating the COVID-19 Crisis V1
 
Noshe hcahps
Noshe hcahpsNoshe hcahps
Noshe hcahps
 
Better Together: 2019 Patient Services Survey
Better Together: 2019 Patient Services SurveyBetter Together: 2019 Patient Services Survey
Better Together: 2019 Patient Services Survey
 
Covid 19-survey PWC
Covid 19-survey PWCCovid 19-survey PWC
Covid 19-survey PWC
 
Consumer health experience radar 2015
Consumer health experience radar 2015Consumer health experience radar 2015
Consumer health experience radar 2015
 
Edelman Health Barometer 2008
Edelman Health Barometer 2008Edelman Health Barometer 2008
Edelman Health Barometer 2008
 

Viewers also liked

NetSuite SuiteCommerce Advanced Functionality Overview - Business Solution Pa...
NetSuite SuiteCommerce Advanced Functionality Overview - Business Solution Pa...NetSuite SuiteCommerce Advanced Functionality Overview - Business Solution Pa...
NetSuite SuiteCommerce Advanced Functionality Overview - Business Solution Pa...Hussain Zaidi
 
Powerpoint Can Kill You
Powerpoint Can Kill YouPowerpoint Can Kill You
Powerpoint Can Kill YouAlex Guerrero
 
How web content influences the buying process
How web content influences the buying processHow web content influences the buying process
How web content influences the buying processSoong Hay Guizol-Letizia
 
IRS Reporting Requirement 6055 And 6056
IRS Reporting Requirement 6055 And 6056IRS Reporting Requirement 6055 And 6056
IRS Reporting Requirement 6055 And 6056TeemWurk
 
Valter E Pedro Uniaraxá
Valter E Pedro UniaraxáValter E Pedro Uniaraxá
Valter E Pedro UniaraxáBelo Horizonte
 
Discussion 2 week 1 352
Discussion 2 week 1 352Discussion 2 week 1 352
Discussion 2 week 1 352Candace Gamble
 
Awesome kingston
Awesome kingstonAwesome kingston
Awesome kingstonMike Mooney
 
4 ways to reduce foot pain & fall risk
4 ways to reduce foot pain & fall risk4 ways to reduce foot pain & fall risk
4 ways to reduce foot pain & fall riskSombit Mishra
 
Welcome to Innovation Territory - ProductCamp Vancouver 2013
Welcome to Innovation Territory - ProductCamp Vancouver 2013Welcome to Innovation Territory - ProductCamp Vancouver 2013
Welcome to Innovation Territory - ProductCamp Vancouver 2013Cynthia DuVal
 
Revival jewels for the 21st century oscars and golden globes
Revival jewels for the 21st century oscars and golden globesRevival jewels for the 21st century oscars and golden globes
Revival jewels for the 21st century oscars and golden globesBorro
 
Data for Hong Kong startups
Data for Hong Kong startupsData for Hong Kong startups
Data for Hong Kong startupsGuy Freeman
 
Yiran Li Interaction Designer Portfolio
Yiran Li Interaction Designer PortfolioYiran Li Interaction Designer Portfolio
Yiran Li Interaction Designer PortfolioYiran Li
 
The Patient Financial Experience: A Link to Patient Satisfaction, Payment, an...
The Patient Financial Experience: A Link to Patient Satisfaction, Payment, an...The Patient Financial Experience: A Link to Patient Satisfaction, Payment, an...
The Patient Financial Experience: A Link to Patient Satisfaction, Payment, an...Simplee
 
Casino Analytics by IQR Consulting
Casino Analytics by IQR ConsultingCasino Analytics by IQR Consulting
Casino Analytics by IQR ConsultingIQR Consulting
 
Due dilligence kpmg_pdf
Due dilligence kpmg_pdfDue dilligence kpmg_pdf
Due dilligence kpmg_pdfFc. Barcelona
 
You can wear it!
You can wear it!You can wear it!
You can wear it!Proofpoint
 

Viewers also liked (18)

NetSuite SuiteCommerce Advanced Functionality Overview - Business Solution Pa...
NetSuite SuiteCommerce Advanced Functionality Overview - Business Solution Pa...NetSuite SuiteCommerce Advanced Functionality Overview - Business Solution Pa...
NetSuite SuiteCommerce Advanced Functionality Overview - Business Solution Pa...
 
Powerpoint Can Kill You
Powerpoint Can Kill YouPowerpoint Can Kill You
Powerpoint Can Kill You
 
How web content influences the buying process
How web content influences the buying processHow web content influences the buying process
How web content influences the buying process
 
IRS Reporting Requirement 6055 And 6056
IRS Reporting Requirement 6055 And 6056IRS Reporting Requirement 6055 And 6056
IRS Reporting Requirement 6055 And 6056
 
Valter E Pedro Uniaraxá
Valter E Pedro UniaraxáValter E Pedro Uniaraxá
Valter E Pedro Uniaraxá
 
Discussion 2 week 1 352
Discussion 2 week 1 352Discussion 2 week 1 352
Discussion 2 week 1 352
 
Awesome kingston
Awesome kingstonAwesome kingston
Awesome kingston
 
4 ways to reduce foot pain & fall risk
4 ways to reduce foot pain & fall risk4 ways to reduce foot pain & fall risk
4 ways to reduce foot pain & fall risk
 
Welcome to Innovation Territory - ProductCamp Vancouver 2013
Welcome to Innovation Territory - ProductCamp Vancouver 2013Welcome to Innovation Territory - ProductCamp Vancouver 2013
Welcome to Innovation Territory - ProductCamp Vancouver 2013
 
Revival jewels for the 21st century oscars and golden globes
Revival jewels for the 21st century oscars and golden globesRevival jewels for the 21st century oscars and golden globes
Revival jewels for the 21st century oscars and golden globes
 
Como criar nova página do pbworks
Como criar nova página do pbworksComo criar nova página do pbworks
Como criar nova página do pbworks
 
Data for Hong Kong startups
Data for Hong Kong startupsData for Hong Kong startups
Data for Hong Kong startups
 
Yiran Li Interaction Designer Portfolio
Yiran Li Interaction Designer PortfolioYiran Li Interaction Designer Portfolio
Yiran Li Interaction Designer Portfolio
 
The Patient Financial Experience: A Link to Patient Satisfaction, Payment, an...
The Patient Financial Experience: A Link to Patient Satisfaction, Payment, an...The Patient Financial Experience: A Link to Patient Satisfaction, Payment, an...
The Patient Financial Experience: A Link to Patient Satisfaction, Payment, an...
 
Casino Analytics by IQR Consulting
Casino Analytics by IQR ConsultingCasino Analytics by IQR Consulting
Casino Analytics by IQR Consulting
 
Crm
CrmCrm
Crm
 
Due dilligence kpmg_pdf
Due dilligence kpmg_pdfDue dilligence kpmg_pdf
Due dilligence kpmg_pdf
 
You can wear it!
You can wear it!You can wear it!
You can wear it!
 

Similar to The Power and Promise of Unstructured Patient Data

The Power and Promise of Unstructured Patient Data
The Power and Promise of Unstructured Patient Data The Power and Promise of Unstructured Patient Data
The Power and Promise of Unstructured Patient Data Healthline
 
Sun==big data analytics for health care
Sun==big data analytics for health careSun==big data analytics for health care
Sun==big data analytics for health careAravindharamanan S
 
readmission paper applied health econ
readmission paper applied health econreadmission paper applied health econ
readmission paper applied health econPamela Bonifay Peele
 
Use of data analytics in health care
Use of data analytics in health careUse of data analytics in health care
Use of data analytics in health careAkanshabhushan
 
CDS Innovations for Chronic Disease Management
CDS Innovations for Chronic Disease ManagementCDS Innovations for Chronic Disease Management
CDS Innovations for Chronic Disease Managementdpugrad01
 
Big implications of Big Data in healthcare
Big implications of Big Data in healthcareBig implications of Big Data in healthcare
Big implications of Big Data in healthcareGuires
 
eBook - Data Analytics in Healthcare
eBook - Data Analytics in HealthcareeBook - Data Analytics in Healthcare
eBook - Data Analytics in HealthcareNextGen Healthcare
 
How to Use Data to Improve Patient Safety: Part 2
How to Use Data to Improve Patient Safety: Part 2How to Use Data to Improve Patient Safety: Part 2
How to Use Data to Improve Patient Safety: Part 2Health Catalyst
 
United healthcare trends discussion by Frost & Sullivan
United healthcare trends discussion by Frost & SullivanUnited healthcare trends discussion by Frost & Sullivan
United healthcare trends discussion by Frost & SullivanModupe Sarratt
 
Future of patient data global summary - 29 may 2018
Future of patient data   global summary - 29 may 2018Future of patient data   global summary - 29 may 2018
Future of patient data global summary - 29 may 2018Future Agenda
 
Effective Population Health Management Means Being Able to Predict the Future
Effective Population Health Management Means Being Able to Predict the FutureEffective Population Health Management Means Being Able to Predict the Future
Effective Population Health Management Means Being Able to Predict the FutureCitiusTech
 
The Role of Data Lakes in Healthcare
The Role of Data Lakes in HealthcareThe Role of Data Lakes in Healthcare
The Role of Data Lakes in HealthcarePerficient, Inc.
 
Critical Success Factors in Leading Healthcare IT Projects
Critical Success Factors in Leading Healthcare IT ProjectsCritical Success Factors in Leading Healthcare IT Projects
Critical Success Factors in Leading Healthcare IT ProjectsKaali Dass PMP, PhD.
 
Navigating Healthcare's Seas: Unraveling the Power of Data Mining in Healthcare
Navigating Healthcare's Seas: Unraveling the Power of Data Mining in HealthcareNavigating Healthcare's Seas: Unraveling the Power of Data Mining in Healthcare
Navigating Healthcare's Seas: Unraveling the Power of Data Mining in HealthcareThe Lifesciences Magazine
 
Oncology Big Data: A Mirage or Oasis of Clinical Value?
Oncology Big Data:  A Mirage or Oasis of Clinical Value? Oncology Big Data:  A Mirage or Oasis of Clinical Value?
Oncology Big Data: A Mirage or Oasis of Clinical Value? Michael Peters
 
Business analytics and health care industry
Business analytics and health care industryBusiness analytics and health care industry
Business analytics and health care industryELZAMATHEW3
 
Ajith M Jose_Report1.docx
Ajith M Jose_Report1.docxAjith M Jose_Report1.docx
Ajith M Jose_Report1.docxmca2206
 
4 Essential Lessons for Adopting Predictive Analytics in Healthcare
4 Essential Lessons for Adopting Predictive Analytics in Healthcare4 Essential Lessons for Adopting Predictive Analytics in Healthcare
4 Essential Lessons for Adopting Predictive Analytics in HealthcareHealth Catalyst
 

Similar to The Power and Promise of Unstructured Patient Data (20)

The Power and Promise of Unstructured Patient Data
The Power and Promise of Unstructured Patient Data The Power and Promise of Unstructured Patient Data
The Power and Promise of Unstructured Patient Data
 
Sun==big data analytics for health care
Sun==big data analytics for health careSun==big data analytics for health care
Sun==big data analytics for health care
 
readmission paper applied health econ
readmission paper applied health econreadmission paper applied health econ
readmission paper applied health econ
 
Predictive Health Population Analytics
Predictive Health Population AnalyticsPredictive Health Population Analytics
Predictive Health Population Analytics
 
Use of data analytics in health care
Use of data analytics in health careUse of data analytics in health care
Use of data analytics in health care
 
CDS Innovations for Chronic Disease Management
CDS Innovations for Chronic Disease ManagementCDS Innovations for Chronic Disease Management
CDS Innovations for Chronic Disease Management
 
Big implications of Big Data in healthcare
Big implications of Big Data in healthcareBig implications of Big Data in healthcare
Big implications of Big Data in healthcare
 
eBook - Data Analytics in Healthcare
eBook - Data Analytics in HealthcareeBook - Data Analytics in Healthcare
eBook - Data Analytics in Healthcare
 
How to Use Data to Improve Patient Safety: Part 2
How to Use Data to Improve Patient Safety: Part 2How to Use Data to Improve Patient Safety: Part 2
How to Use Data to Improve Patient Safety: Part 2
 
United healthcare trends discussion by Frost & Sullivan
United healthcare trends discussion by Frost & SullivanUnited healthcare trends discussion by Frost & Sullivan
United healthcare trends discussion by Frost & Sullivan
 
Future of patient data global summary - 29 may 2018
Future of patient data   global summary - 29 may 2018Future of patient data   global summary - 29 may 2018
Future of patient data global summary - 29 may 2018
 
Effective Population Health Management Means Being Able to Predict the Future
Effective Population Health Management Means Being Able to Predict the FutureEffective Population Health Management Means Being Able to Predict the Future
Effective Population Health Management Means Being Able to Predict the Future
 
The Role of Data Lakes in Healthcare
The Role of Data Lakes in HealthcareThe Role of Data Lakes in Healthcare
The Role of Data Lakes in Healthcare
 
Critical Success Factors in Leading Healthcare IT Projects
Critical Success Factors in Leading Healthcare IT ProjectsCritical Success Factors in Leading Healthcare IT Projects
Critical Success Factors in Leading Healthcare IT Projects
 
Navigating Healthcare's Seas: Unraveling the Power of Data Mining in Healthcare
Navigating Healthcare's Seas: Unraveling the Power of Data Mining in HealthcareNavigating Healthcare's Seas: Unraveling the Power of Data Mining in Healthcare
Navigating Healthcare's Seas: Unraveling the Power of Data Mining in Healthcare
 
Data analytics: Are U.S. hospitals late to the party?
Data analytics: Are U.S. hospitals late to the party?Data analytics: Are U.S. hospitals late to the party?
Data analytics: Are U.S. hospitals late to the party?
 
Oncology Big Data: A Mirage or Oasis of Clinical Value?
Oncology Big Data:  A Mirage or Oasis of Clinical Value? Oncology Big Data:  A Mirage or Oasis of Clinical Value?
Oncology Big Data: A Mirage or Oasis of Clinical Value?
 
Business analytics and health care industry
Business analytics and health care industryBusiness analytics and health care industry
Business analytics and health care industry
 
Ajith M Jose_Report1.docx
Ajith M Jose_Report1.docxAjith M Jose_Report1.docx
Ajith M Jose_Report1.docx
 
4 Essential Lessons for Adopting Predictive Analytics in Healthcare
4 Essential Lessons for Adopting Predictive Analytics in Healthcare4 Essential Lessons for Adopting Predictive Analytics in Healthcare
4 Essential Lessons for Adopting Predictive Analytics in Healthcare
 

Recently uploaded

Basic structure of hair and hair growth cycle.pptx
Basic structure of hair and hair growth cycle.pptxBasic structure of hair and hair growth cycle.pptx
Basic structure of hair and hair growth cycle.pptxkomalt2001
 
Different drug regularity bodies in different countries.
Different drug regularity bodies in different countries.Different drug regularity bodies in different countries.
Different drug regularity bodies in different countries.kishan singh tomar
 
SGK RỐI LOẠN TOAN KIỀM ĐHYHN RẤT HAY VÀ ĐẶC SẮC.pdf
SGK RỐI LOẠN TOAN KIỀM ĐHYHN RẤT HAY VÀ ĐẶC SẮC.pdfSGK RỐI LOẠN TOAN KIỀM ĐHYHN RẤT HAY VÀ ĐẶC SẮC.pdf
SGK RỐI LOẠN TOAN KIỀM ĐHYHN RẤT HAY VÀ ĐẶC SẮC.pdfHongBiThi1
 
DNA nucleotides Blast in NCBI and Phylogeny using MEGA Xi.pptx
DNA nucleotides Blast in NCBI and Phylogeny using MEGA Xi.pptxDNA nucleotides Blast in NCBI and Phylogeny using MEGA Xi.pptx
DNA nucleotides Blast in NCBI and Phylogeny using MEGA Xi.pptxMAsifAhmad
 
Pharmacokinetic Models by Dr. Ram D. Bawankar.ppt
Pharmacokinetic Models by Dr. Ram D.  Bawankar.pptPharmacokinetic Models by Dr. Ram D.  Bawankar.ppt
Pharmacokinetic Models by Dr. Ram D. Bawankar.pptRamDBawankar1
 
Role of Soap based and synthetic or syndets bar
Role of  Soap based and synthetic or syndets barRole of  Soap based and synthetic or syndets bar
Role of Soap based and synthetic or syndets barmohitRahangdale
 
Breast cancer -ONCO IN MEDICAL AND SURGICAL NURSING.pptx
Breast cancer -ONCO IN MEDICAL AND SURGICAL NURSING.pptxBreast cancer -ONCO IN MEDICAL AND SURGICAL NURSING.pptx
Breast cancer -ONCO IN MEDICAL AND SURGICAL NURSING.pptxNaveenkumar267201
 
Red Blood Cells_anemia & polycythemia.pdf
Red Blood Cells_anemia & polycythemia.pdfRed Blood Cells_anemia & polycythemia.pdf
Red Blood Cells_anemia & polycythemia.pdfMedicoseAcademics
 
MedMatch: Your Health, Our Mission. Pitch deck.
MedMatch: Your Health, Our Mission. Pitch deck.MedMatch: Your Health, Our Mission. Pitch deck.
MedMatch: Your Health, Our Mission. Pitch deck.whalesdesign
 
Male Infertility, Antioxidants and Beyond
Male Infertility, Antioxidants and BeyondMale Infertility, Antioxidants and Beyond
Male Infertility, Antioxidants and BeyondSujoy Dasgupta
 
AORTIC DISSECTION and management of aortic dissection
AORTIC DISSECTION and management of aortic dissectionAORTIC DISSECTION and management of aortic dissection
AORTIC DISSECTION and management of aortic dissectiondrhanifmohdali
 
SGK LEUKEMIA KINH DÒNG BẠCH CÂU HẠT HAY.pdf
SGK LEUKEMIA KINH DÒNG BẠCH CÂU HẠT HAY.pdfSGK LEUKEMIA KINH DÒNG BẠCH CÂU HẠT HAY.pdf
SGK LEUKEMIA KINH DÒNG BẠCH CÂU HẠT HAY.pdfHongBiThi1
 
Male Infertility Panel Discussion by Dr Sujoy Dasgupta
Male Infertility Panel Discussion by Dr Sujoy DasguptaMale Infertility Panel Discussion by Dr Sujoy Dasgupta
Male Infertility Panel Discussion by Dr Sujoy DasguptaSujoy Dasgupta
 
EXERCISE PERFORMANCE.pptx, Lung function
EXERCISE PERFORMANCE.pptx, Lung functionEXERCISE PERFORMANCE.pptx, Lung function
EXERCISE PERFORMANCE.pptx, Lung functionkrishnareddy157915
 
BENIGN BREAST DISEASE
BENIGN BREAST DISEASE BENIGN BREAST DISEASE
BENIGN BREAST DISEASE Mamatha Lakka
 
Clinical Research Informatics Year-in-Review 2024
Clinical Research Informatics Year-in-Review 2024Clinical Research Informatics Year-in-Review 2024
Clinical Research Informatics Year-in-Review 2024Peter Embi
 
Bulimia nervosa ( Eating Disorders) Mental Health Nursing.
Bulimia nervosa ( Eating Disorders) Mental Health Nursing.Bulimia nervosa ( Eating Disorders) Mental Health Nursing.
Bulimia nervosa ( Eating Disorders) Mental Health Nursing.aarjukhadka22
 
Using Data Visualization in Public Health Communications
Using Data Visualization in Public Health CommunicationsUsing Data Visualization in Public Health Communications
Using Data Visualization in Public Health Communicationskatiequigley33
 

Recently uploaded (20)

Basic structure of hair and hair growth cycle.pptx
Basic structure of hair and hair growth cycle.pptxBasic structure of hair and hair growth cycle.pptx
Basic structure of hair and hair growth cycle.pptx
 
Immune labs basics part 1 acute phase reactants ESR, CRP Ahmed Yehia Ismaeel,...
Immune labs basics part 1 acute phase reactants ESR, CRP Ahmed Yehia Ismaeel,...Immune labs basics part 1 acute phase reactants ESR, CRP Ahmed Yehia Ismaeel,...
Immune labs basics part 1 acute phase reactants ESR, CRP Ahmed Yehia Ismaeel,...
 
Different drug regularity bodies in different countries.
Different drug regularity bodies in different countries.Different drug regularity bodies in different countries.
Different drug regularity bodies in different countries.
 
SGK RỐI LOẠN TOAN KIỀM ĐHYHN RẤT HAY VÀ ĐẶC SẮC.pdf
SGK RỐI LOẠN TOAN KIỀM ĐHYHN RẤT HAY VÀ ĐẶC SẮC.pdfSGK RỐI LOẠN TOAN KIỀM ĐHYHN RẤT HAY VÀ ĐẶC SẮC.pdf
SGK RỐI LOẠN TOAN KIỀM ĐHYHN RẤT HAY VÀ ĐẶC SẮC.pdf
 
DNA nucleotides Blast in NCBI and Phylogeny using MEGA Xi.pptx
DNA nucleotides Blast in NCBI and Phylogeny using MEGA Xi.pptxDNA nucleotides Blast in NCBI and Phylogeny using MEGA Xi.pptx
DNA nucleotides Blast in NCBI and Phylogeny using MEGA Xi.pptx
 
Pharmacokinetic Models by Dr. Ram D. Bawankar.ppt
Pharmacokinetic Models by Dr. Ram D.  Bawankar.pptPharmacokinetic Models by Dr. Ram D.  Bawankar.ppt
Pharmacokinetic Models by Dr. Ram D. Bawankar.ppt
 
Role of Soap based and synthetic or syndets bar
Role of  Soap based and synthetic or syndets barRole of  Soap based and synthetic or syndets bar
Role of Soap based and synthetic or syndets bar
 
Breast cancer -ONCO IN MEDICAL AND SURGICAL NURSING.pptx
Breast cancer -ONCO IN MEDICAL AND SURGICAL NURSING.pptxBreast cancer -ONCO IN MEDICAL AND SURGICAL NURSING.pptx
Breast cancer -ONCO IN MEDICAL AND SURGICAL NURSING.pptx
 
Red Blood Cells_anemia & polycythemia.pdf
Red Blood Cells_anemia & polycythemia.pdfRed Blood Cells_anemia & polycythemia.pdf
Red Blood Cells_anemia & polycythemia.pdf
 
MedMatch: Your Health, Our Mission. Pitch deck.
MedMatch: Your Health, Our Mission. Pitch deck.MedMatch: Your Health, Our Mission. Pitch deck.
MedMatch: Your Health, Our Mission. Pitch deck.
 
Male Infertility, Antioxidants and Beyond
Male Infertility, Antioxidants and BeyondMale Infertility, Antioxidants and Beyond
Male Infertility, Antioxidants and Beyond
 
AORTIC DISSECTION and management of aortic dissection
AORTIC DISSECTION and management of aortic dissectionAORTIC DISSECTION and management of aortic dissection
AORTIC DISSECTION and management of aortic dissection
 
SGK LEUKEMIA KINH DÒNG BẠCH CÂU HẠT HAY.pdf
SGK LEUKEMIA KINH DÒNG BẠCH CÂU HẠT HAY.pdfSGK LEUKEMIA KINH DÒNG BẠCH CÂU HẠT HAY.pdf
SGK LEUKEMIA KINH DÒNG BẠCH CÂU HẠT HAY.pdf
 
Male Infertility Panel Discussion by Dr Sujoy Dasgupta
Male Infertility Panel Discussion by Dr Sujoy DasguptaMale Infertility Panel Discussion by Dr Sujoy Dasgupta
Male Infertility Panel Discussion by Dr Sujoy Dasgupta
 
EXERCISE PERFORMANCE.pptx, Lung function
EXERCISE PERFORMANCE.pptx, Lung functionEXERCISE PERFORMANCE.pptx, Lung function
EXERCISE PERFORMANCE.pptx, Lung function
 
BENIGN BREAST DISEASE
BENIGN BREAST DISEASE BENIGN BREAST DISEASE
BENIGN BREAST DISEASE
 
American College of physicians ACP high value care recommendations in rheumat...
American College of physicians ACP high value care recommendations in rheumat...American College of physicians ACP high value care recommendations in rheumat...
American College of physicians ACP high value care recommendations in rheumat...
 
Clinical Research Informatics Year-in-Review 2024
Clinical Research Informatics Year-in-Review 2024Clinical Research Informatics Year-in-Review 2024
Clinical Research Informatics Year-in-Review 2024
 
Bulimia nervosa ( Eating Disorders) Mental Health Nursing.
Bulimia nervosa ( Eating Disorders) Mental Health Nursing.Bulimia nervosa ( Eating Disorders) Mental Health Nursing.
Bulimia nervosa ( Eating Disorders) Mental Health Nursing.
 
Using Data Visualization in Public Health Communications
Using Data Visualization in Public Health CommunicationsUsing Data Visualization in Public Health Communications
Using Data Visualization in Public Health Communications
 

The Power and Promise of Unstructured Patient Data

  • 1. © 2014 Healthline Networks Inc. Confidential and Proprietary. The Power and Promise of Unstructured Patient Data
  • 2. 2 BIG DATA U.S. Spending on Healthcare Little Insight
  • 3. 3 Data-Driven Solutions Can Improve Outcomes and Bend Cost Curves Source: JEGI, Gartner, McKinsey, ADA, AHA, HealthPartners Research Foundation, Healthline analysis McKinsey estimates the U.S. can save $300B-$450B per year from investments in Big Data analytics 2.5 2.6 2.7 2.8 2.9 3.0 3.1 3.2 3.3 3.4 3.5 1   2   3   4   $Trillions What curve would look like with savings from successful use of Big Data U.S. Spending on Healthcare 2012 2013 2014 2015
  • 4. 4 Driving Data from Descriptive to Prescriptive/Predictive Analytics Source: Liquid Analytics Tech investments shifting from collecting data to understanding it to making it actionable at the point of care Data Latency Reporting Analytics What happened? What will happen? Why did it happen? What is happening? What should we do? What can we offer? Data Information Knowledge Data Freshness
  • 5. 5 Clinical Analysis, Data Mining, and Predictive Modeling Top of Mind Source: SearchHealthIT.com's business intelligence survey 0 10 20 30 40 50 60 70 80 other none administrative business intelligence predictive analysis data mining clinical data analysis Which advanced analytics tools does your organization plan to you use in the next 2 years? Results based on 243 responses from CIOs and senior IT executives at medical centers, health systems and physician practices across U.S.
  • 6. 6 Goal: Making Unusable Data Actionable 90% of healthcare data over the next decade will be unstructured (IDC, Kaiser Family Foundation) •  Healthcare is moving to a value based model •  Providers need to make investments in data-driven technologies to manage the health of their patient populations more effectively •  A major factor mitigating the power of these analytics solutions is access to information-rich unstructured data (e.g., physician notes, family histories, etc.) •  Leveraging data—structured and unstructured—from disparate sources is key Leveraging Unstructured Data and Data from Disparate Sources Is Critical
  • 7. 7 Unstructured search capabilities, superior natural language processing, and healthcare ontology capabilities will help distinguish the leading products in the category (information and data-driven decision making). Robust Health Informatics is the Key to Unlocking the Unusable Data “ “ Source:  JEGI  HCIT  Issues,  Trends  and  M&A  Outlook  2014  
  • 8. 8 IMPROVE PATIENT CARE BETTER PRIORITIZE AND FOCUS HEALTHCARE RESOURCES UNDERSTAND AND REDUCE RISK Understanding Unstructured Patient Data Can Provide New Insights
  • 9. 9 For Instance: Risk Assessment for Readmission Source:  CMS,  Healthcare  Cost  U7liza7on  Project,  AHA,  Healthline  analysis   Seven conditions / procedures account for 30 percent of potentially preventable readmissions: 1.  Heart failure (HF) 1 2.  Chronic obstructive pulmonary disease (COPD) 2 3.  Pneumonia 1 4.  Acute myocardial infarction 1 5.  Coronary artery bypass graft surgery 6.  Percutaneous transluminal coronary angioplasty 7.  Other vascular procedures Heart Failure Readmissions Average 300-bed hospital at 90% occupancy •  27,000 stays •  1,755 HF stays (~6.5%) •  439 HF readmissions (25%) •  $15,000 average cost of HF readmission •  $6.6M total HF readmission costs BY THE NUMBERS Note: Hospitals with high avoidable readmission for highlighted conditions/procedures currently penalized by CMS 1 Currently part of CMS Readmission Measures 2 COPD added to CMS Readmission measures for October 2014
  • 10. 10 UNLOCKING UNSTRUCTURED DATA CAN ENABLE SYSTEMS TO IDENTIFY WHO IS IN THE HIGHEST RISK CATEGORY BASED ON A VARIETY OF FACTORS: 1.  Medical / Health Factors 2.  Psycho-Social Factors 3.  Socio-Economic Factors Understanding who is a highest risk for readmission makes the targeting of scare resources in terms of interventions and support possible at scale.
  • 11. 11 Risk Assessment for Heart Failure (HF) Readmission Assump7ons:  6.5%  HF  stays  /  total  hospital  stays;  25%  HF  readmission  rate;  $15,000  avg  cost  of  HF  readmission;  75%  of  HF  readmits  theore7cally  avoidable  (CMS)   Source:  CMS,  Healthcare  Cost  U7liza7on  Project,  AHA,  Healthline  analysis         HF READMISSION – CUSTOMER ECONOMICS Average 300 Bed Hospital (90% Occupancy) 27,000 stays 1,755 HF stays 439 HF readmits $15,000 per readmit $6.6M total 15% reduction in readmits ~$1M cost savings $564 savings per admit Patients Costs Potential Cost Savings
  • 12. 12 Important to a Growing Array of Risk-Bearing Entities (RBEs), Especially Providers Life Science (21%) Insurance (25%) Provider (54%) Physicians (9%) Hospital (45%) Source:  JEGI,  Gartner,  McKinsey,  Nuance,  Healthline  Analysis     U.S. HCIT Market ~$72B (2014) ~5% CAGR “Main driver of HCIT spending in U.S. can be attributed to hospitals, clinics and private practices implementing health IT solutions.” – VP Healthcare Solutions, Nuance 0.0   5.0   10.0   15.0   20.0   25.0   1   2   3   4   5   6   7   8   Spending on Healthcare Analytics $  Billions   2013                2014              2015              2016              2017            2018                2019              2020   ~25% CAGR ~65% from providers
  • 13. © 2014 Healthline Networks Inc. Confidential and Proprietary. press@healthline.com