Warren, NJ — January 10, 2017 — Knowledgent, the data and analytics firm, announced today the release of their new white paper entitled, “Driving Insight into Patient Health Risks, Costs, and Outcomes with Big Data Analytics”.
Excellence in Population Health Management (PHM) has long been a goal of Provider groups seeking to leverage clinical and financial data to improve patient outcomes and decrease the cost of care. Attempts to achieve successful PHM have persisted for years, but Providers have continued to run into barriers to adoption, including justification of the necessary investment, complexities in data-wrangling and Risk Scoring, and ineffective Patient Outreach campaigns.
“Many of the roadblocks to successful PHM can be attributed to outdated technological and analytic capabilities,” said Shail Jain, Chief Executive Partner, Knowledgent. “The fact is that yesterday’s data management technologies and analytic techniques are expensive, inflexible, and poorly integrated across the Population Health continuum: from source data to Risk Score modeling to Patient Outreach.”
With yesterday’s failures, however, comes opportunity. Next-generation data and analytic platforms built upon Big Data technologies and leveraging Machine Learning analytics are enabling previously impossible sophistication in Risk Scoring models and Population Health. The Big Data technology renaissance has dramatically reduced the costs associated with data storage and analytic-model preparation while at the same time allowing all relevant variables to be included in Risk Scoring and Patient Outreach models.
Knowledgent is a data and analytics consultancy that improves lives and business through data. Our expertise seamlessly integrates industry experience, data science, and data architecture and engineering skills to uncover actionable insights. We have not only the technical knowledge to deliver game-changing solutions at all phases of development, but also the business acumen to evolve data initiatives from ideation to operationalization, ensuring that organizations realize the full value of their information. For more information, visit knowledgent.com.