[Press Release] New Healthcare Analytics Competency Model© Bridges Gaps in Analytics Talent Development

admin Analytics Competencies, Analytics roles, Analytics training, Business of Healthcare, Healthcare Analytics

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 …

Better Insights from Messier Data

Michelle Buchecker Business of Healthcare, Healthcare Analytics

Ah, perfect data! How we love you! OK, we all know that perfect data is an oxymoron. Usually, we are happy with “pretty good data.” But in the Healthcare Analytics field “pretty good data” usually means data from Clinical Trials where everything is set and charted in a controlled environment with known entities. This data is “pretty good” because it …

Despite skepticism from other healthcare organizations, Geisinger’s refund system for dissatisfied patients is working!

Monica Horvath Business of Healthcare

As a patient, we have learned to be pretty tolerant of some of healthcare’s oddities in this country and admittedly have set expectations regarding customer service to be pretty low.  Minimally, one expects to not get sicker after receiving care and that the problem addressed is ‘on the mend’.   Most of us are resigned to tolerate long clinic wait …

Registries are the Latest Casualty of Data Blocking Efforts

Monica Horvath Business of Healthcare, Healthcare Analytics, Healthcare Technology

Many critical of our healthcare data infrastructure point out that ‘data blocking‘ is a barrier to interoperability.  This is where the vendor holding EHR data either directly or indirectly makes it difficult to impossible to share data.  Vendors say that purposeful data blocking is not common while others say that providers are more at fault as they don’t want to …

Healthcare’s ‘Duh’ moment: Health systems must know their costs!

Monica Horvath Business of Healthcare

One of the things I love most about working at ThotWave is the company philosophy towards approaching a given problem in a multidisciplinary manner.  We take notice of analytics and business process approaches that worked well in other industries and think about that can improve healthcare. For that reason, I loved reading this piece from Forbes about how Vivian Lee, …

Are Our Healthcare Data Challenges Really Unique?

Michelle Buchecker Business of Healthcare, Healthcare Analytics

One of the great things about this world is we all think that we are unique.  And as human beings, that’s generally true.  From the organizational perspective, we also tend to believe this about our data and processes, industry as a whole. This article talks about why Healthcare data is so difficult to measure because it is unique. The article then goes …

How Much is Bad Data Costing You?

Michelle Buchecker Business of Healthcare, Healthcare Analytics

Bad data. We know it’s a problem otherwise it wouldn’t be called bad data. But exactly how much does this bad data cost U.S. companies? $1 Billion/year? $20 Billion? More? (Answer at the end of this post). We know there will never be such a thing as perfect data. But we need to raise our expectations and spend money on ways …

Let’s learn from the gaming industry to make patient engagement addictive

Greg Nelson Business of Healthcare, Healthcare Technology

Healthcare innovators have tried many different types of engagement apps to help people make healthier decisions and stick to care plans.  Odds are, you have a few on your phone already.  But what is often missing when the clinical side tries to dip into the mobile arts for engagement is that they forget about the ‘fun’ factor.  I have seen …