Analytics Software enables data-driven health care.
Press Release Summary:
Using Teradata Health Care Analytics Framework, payers and providers can harness analytical capabilities to optimize customer engagement and incentives, coordinate quality care, and support risk-finance transparency. Heart of Framework is Teradata Unified Data Architecture, which integrates Teradata Portfolio for Hadoop, Teradata Aster Data Discovery, and Teradata Integrated Data Warehouse into comprehensive analytics solution that enables deep data management, exploration, and business insight.
Original Press Release:
New Teradata Analytics Solution Enables Data-Driven Health Care
Next Generation Analytics Framework integrates data to help reduce costs, drive incentives, build value-based models, enhance care
CHICAGO, – Teradata, the big data analytics and marketing applications company, today announced the newest analytic innovation for Health Care companies. The Teradata Health Care Analytics Framework enables Health Care payers and providers to harness new analytical capabilities to reduce costs, improve customer engagement and incentives, better coordinate quality care and support risk-finance transparency.
The Teradata HealthCare Analytics Framework is based on powerful new capabilities in the Teradata Unified Data Architecture™, the Teradata Healthcare Data Model, and Teradata's Healthcare Applications from the Aster Applications Center. These applications include analytics for Paths to Surgery, Admission Diagnosis Procedure Paths, Patient Affinity, Patient Compare, Impact Analysis, and Drug Prescription Affinity Analysis.
Healthcare organizations continue to rely on Teradata solutions to drive significant benefits as the industry shifts to value-based reimbursement models, according to Teradata's data-driven healthcare clients. In a healthcare payer video case study posted to Teradata.com, a spokesperson said the information in the data warehouse is used to drive down costs and improve quality. The data also is used to develop different types of incentives, different types of reimbursement models, and different contracts which together, improve member satisfaction. At the heart of the new Framework is the Teradata Unified Data Architecture, which integrates three platforms--the Teradata Portfolio for Hadoop, Teradata Aster Data Discovery, and Teradata Integrated Data Warehouse (IDW) -- into a comprehensive analytics solution that enables fast, deep, and powerful data management, exploration and business insight.
"The healthcare sector is investing significantly in BI and analytics, as the technologies are important enablers of success in accountable care delivery. Most providers have had mixed results from past investments, and are intensifying their efforts to select strong tools that deliver actionable results from analytics," according to Judy Hanover, Research Director at IDC Health Insights. "Analytics can help hospitals and health systems improve visibility into risk, financials, and customer engagement."
"More timely analytic insight and customer communications have powerful benefits that enhance multiple dimensions of intelligence around patient care," said Scott Sobers, Director, HealthCare and Life Sciences Industry Marketing, Teradata. "For instance, a healthcare organization that seeks to conduct proactive intervention to help prevent re-admissions can be a challenge. Today, the process takes too long; it's inefficient and costly. With the HealthCare Framework in place, organizations can reduce unnecessary re-admissions - better serving patients and ensuring a more economical process for the business."
Teradata's momentum continues in the health care industry as companies look for more powerful database analytics to help them thrive in the midst of cost pressures, significant competition and the changes driven by health reform.
Teradata will be joining medical and business professionals, data analysts, and technologists at the HIMSS Annual Conference and Exhibition in Chicago April 12-16. Learn more about the power of Teradata to transform healthcare organizations by visiting our exhibits in the Clinical & Business Pavilion at booth 5484 and the Health IT Value Suite at booth 4891.
Relevant News Links
--Â Teradata web page: program and details for the annual 2015 HIMSS event in Chicago
--Â New HC Framework page on TD.com: Gain a Competitive Edge While Improving Care
--Â VIDEO CASE: Blue Cross Blue Shield of North Carolina: High Impact Results of a Data-Driven Culture - In the era of healthcare reform, BCBS of North Carolina incorporates data as an asset, building a culture that relies on data for both strategy and a competitive advantage.
--Â VIDEO CASE: Cardinal Health is improving patient care through an optimized supply chain using analytic innovations with Teradata and Hortonworks Hadoop. Employing a unified data strategy has allowed Cardinal Health to see significant business value including a 50 percent time savings for end users working with raw data.
--Â Healthcare customer VIDEO CASE: Data-Driven Business Through Agile Analytics.
About Teradata
Teradata (NYSE: TDC) helps companies get more value from data than any other company. Teradata's leading portfolio of big data analytic solutions, integrated marketing applications, and services can help organizations gain a sustainable competitive advantage with data. Visit teradata.com.
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CONTACT:
Mike O'Sullivan
Teradata Corporation
937-242-4786
Mike.osullivan@teradata.com
Web Site: http://www.teradata.com
