Business Analytics in Healthcare
Hospitals and Medical Centers executives/Business Line Managers define key business objectives to manage performance and develop set of questions to monitor key matrices.
- Generate new revenues (e.g.,
MAPD)
- Generate new revenues (e.g.,
disease management, stop loss)
- Reduce attrition through
employee reporting
- Mitigate medical costs using
variance
- Reduce total diseased PMPM
costs
- Minimize costs through
efficiency and awareness
- Reduce claim leakage
- Improve operating margin via
more profitable products
- Increase operating margin via
better cost management
- Measure effectiveness of
marketing initiatives
- Improve (HCAHPS) score via
patient satisfaction
Check Out Our Work
A local medical center reduced cancer patients' abandon rate by 20% - added $3.5 M revenue per quarter as a result.
A Healthcare provider increased operating margins by 115 basis point by shifting to more profitable products to the right consumers.
A global hospitality client made additional $41 million in incremental revenues.
A regional hotel chain client benefited from predictive content selection by adding more than 2,100 new site traffic visits daily.
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