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The use of healthcare analytics is an important step towards providing value to the transformation; this is taking place in the use of big data to assess areas of cost, innovation, productivity, and safety. These areas create value in the healthcare organizations as executives and leaders seek advanced decision-making metrics. Based on the aforementioned benchmarks the use of the Health Analytics Continuum and the Value Life Cycle will create increase in both data quantity and quality in any chosen hospital department (clinical, operations, or financial).
For this discussion you are to choose one area for the Healthcare Value Framework and one from the Value Life Cycle and discuss how each adds to the overall Healthcare Analytics Framework based on your chapter readings and current scholarly articles.
Healthcare Value Framework
The Healthcare Value Framework (Davenport, 2014).
Value Life Cycle
Please review uploaded files for detailed instructions on assignment.
Davenport, T., & McNeill, D. (2014). Analytics in healthcare and the life sciences: Strategies, implementation, methods, and best practices.
Part II: Strategies, Frameworks, and Challenges for Health Analytics – This section of the text covers some important issues, approaches, and stylistic approach used resolve healthcare data. These textbook readings will provide assistance with the CSBI exam and the discussion question.
Thayer, C., Bruno, J., and Remorenko, M. (2013). Using data analytics to identify revenue at risk. Healthcare Financial Management Association. Retrieved from https://www2.deloitte.com/us/en/pages/life-sciences-and-health-care/articles/using-data-analytics-to-identify-revenue-risk-health-care-providers.html
HealthcareIT News. (2015, December 1). Big data byte: The future of predictive aanalytics in healthcare [Video file]. Retrieved from https://www.youtube.com/watch?v=4k_U7Rz1vyE
This video provides an overview of the use of health graphs and clinical databases. The presenter highlighted the value of health taxonomy to create a combination of a health graph and clinical database to provide relational insight to patient clinical care and treatment.
Schwartz MSL. (2015, June). The key to improving healthcare: it’s about the data [Video file]. Retrieved from https://www.youtube.com/watch?v=FLXo-X-SwlE
At least 3 sources site in APA.
No plagiarism- will be checked