Chapel Hill, North Carolina – ThotWave today announced the latest release of the Healthcare Analytics Competency Model©—a robust methodology which can be used to build analytics competencies, enabling healthcare leaders and their teams to make smart, data-driven decisions that transform patient care and improve organizational outcomes.
McKinsey’s Big Data Report notes that by 2018, 1.5 million data-savvy business analysts will be needed across North America. However, before ThotWave’s development of the Healthcare Analytics Competency Model©, there lacked an enterprise-wide solution to assess analytics capabilities within healthcare organizations and provide an actionable development path for large teams.
As we see a shift toward value-based care models in healthcare, data is playing a critical role in every decision an organization makes—from behind-the-scenes financial matters to tailored treatment plans for every patient. The Healthcare Analytics Competency Model© offers healthcare leaders an opportunity to assess the analytical capabilities of their teams and establish a path for career growth among existing talent. In doing so, they can bridge the gap between skills and staff, resulting in improved patient care and organizational efficiency. ThotWave is offering this latest release of the Healthcare Analytics Competency Model© as part of a Talent Development Program for both individuals and healthcare organizations that want to improve their analytical capabilities.
This program includes the ThotWave Healthcare Analytics Skills Assessment and Interest Inventory© to measure current competency levels across nine healthcare analytics knowledge domains. Gap reports highlight improvement opportunities for individuals as well as the aggregate needs facing teams as they transition from their current capabilities to an ideal future state.
“Today, data literacy is becoming as essential as knowing how to read or write,” says Dr. Monica Horvath, ThotWave’s Director of Health Intelligence. Dr. Horvath, a former leader of Health Intelligence at Duke Medicine with over a decade of experience on the front lines of healthcare analytics, heads up the Healthcare Analytics Talent Development Program. “Our model offers healthcare leadership a detailed methodology to position staff with the right skills and disposition to create and interpret analytic products—ultimately resulting in patients receiving the best, most informed care possible.”
Marcia Bowen, RN, BSN, MSHS, a student at the Duke University School of Nursing, is a customer and is already seeing a pronounced impact. “I sought out ThotWave’s Healthcare Analytics Competency Model© and Talent Development Program to help me develop a career in healthcare analytics so that I am functional from day one,” said Bowen. “Their healthcare industry expertise was critical for navigating the nuances of our industry, and their initial assessment identified my skills and helped me visualize my career options. During the subsequent follow-up, they facilitated me to discover my niche. Navigating the maze of tools and associated costs, we developed an achievable, concise plan with a focus on my data literacy and analytic skills, as well as also self-marketing and continued professional promotion. Now, I have the tools and the development plan to become an informaticist that consistently makes intelligent, evidence-based decisions that improve patients’ lives without chasing proverbial rainbows.”
With over 50 years of combined experience, ThotWave is a leader in the field of healthcare analytics. Across the globe, healthcare and life sciences organizations turn to ThotWave to help them use data and analytics to make smart, data-driven decisions that lead to better outcomes.