Planning Analytics Blog

Your analytics thought partner

Let the Data Drive Direction, Not Wishful Project Planning and Spending

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16747620_mThe trend of shifting from inpatient planning to ambulatory planning will continue this decade. Considering only what the inpatient bed need will be in five to 10 years is limited in nature and could harm your organization, especially with the shift to value-based care.

Outpatient surgical cases, imaging procedures, and triage and trauma visits are where organizations are seeing more growth on average nationally; therefore, it is important for healthcare leaders to understand their impact and plan to deliver these patient services.

Clinic planning needs to be the foundation for all strategic planning. Whether you are a critical-access hospital or a large health system, the basis for future planning is dependent upon your physician and mid-level (i.e. physician extenders) planning.

This data is important as designers help to better understand the drivers and considerations to best plan and utilize hospital funds or future project budgets.

When undertaking clinic planning, important tactical items for management to consider and focus on include physician supply, recruitment, and in/out-migration of patient demand.

Technology, policy, value-based care, regulation, data availability and connectivity, and other factors are driving transformational change in healthcare. Healthcare leaders and board members need to understand these factors and leverage available resources to both plan for asset optimization now and for the future shape of wellness care.

The traditional approach is no longer enough. As a healthcare-focused firm, Management Information Analysis can offer many different partner and resource options in order to best provide direction and insight to a project before heavy dollars are spent on planning, especially brick-and-mortar projects.

Together, we can be better informed, determine right-sized needs, and plan for flexibility.

Our Austin, Texas location keeps us at the epicenter of planning analytics and data-driven innovation and keeps our global capabilities and services at the forefront of our industry.

Call us to start a friendly and productive conversation. 512-478-3848.

Leverage Your Planning Analytics With a Thought Partner

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Planning AnalyticsOnce largely the domain of back-office functions, analytics has evolved to play a much more strategic role for industrial companies.

Production and all related processes are more data intensive than ever, and so have become rich sources of critical insights. By mining those insights, organizations can improve the performance of their core business—and generate new sources of revenue. Thanks to intelligent software embedded right across the manufacturing value chain, industrial equipment manufacturers, for example, can analyze machine performance in real time to pre-empt potential problems and limit costly downtime.

Similarly, Original Equipment Manufacturers (OEMs) can analyze diverse streams of data to develop relevant, location-based customer services and customized offers for individuals.

  • On-demand analytics platforms allow the swift compilation, formatting and cleansing of the heterogeneous data streams—both structured and unstructured—that comprise Big Data.
  • Less time needs to be spent on integrating and reporting, and more can be spent on actually analyzing: winnowing out irrelevancies and focusing on the small but critical amounts of information that can generate true insights about customers, operations or channels.

Analytics solutions are also significantly more sophisticated. Yesterday’s descriptive analytics helped quantify and confirm what has already occurred. Today’s more advanced, predictive analytics help companies understand what will happen in the future. Seeing trends as they develop allows manufacturers to seize new opportunities as they occur, or even to get ahead of them. It also helps keep customers happy—and saves money.

In short, by leveraging analytics as an embedded capability, throughout the value chain, industrial enterprises can improve entire global ecosystems of suppliers, facilities and logistics, as well as respond to shifts in customer needs and behavior, and to emerging trends in market demand and supply.

Reaping the rewards of analytics can be challenging, for sure. And our work with healthcare and industrial companies has identified a number of hurdles that limit widespread adoption. Even so, many C-suite executives are exploring ways to make data flow more easily, quickly and usefully through their enterprises.

According to Accenture, exceptional customer experience is a top 3 priority of 86% of industry executives.

We encourage you to dial up an experienced partner who can see your data and planning analytics priorities and opportunities from a different and wider perspective. If you see you’re getting bogged down and behind your rapid deployment objectives curve, just email or call us at 512-478-3848. We can listen to understand your needs.

And we could very well be a great match to partner with you and catapult you up to the top of your big-data scaling up process, custom applications deployment and your business intelligence wave.

 

The Rise of the Algorithms!

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Predictive AnalyticsThere are at least three major predictive analytics conference coming up in 2016. Does this signal the rise in predictive analytics algorithms? Here are some of the highlights:

  1. The Predictive Analytics Innovation Summit, San Diego, February 18-19, 2016, provides a platform for leading executives to share unique insight into the innovations that are driving success in the world’s most successful organizations. It is the largest gathering of Fortune 500 business executives leading initiatives in Data, Marketing & Customer Analytics, as well as Machine Learning, Personalization and Advanced Data Science.
  2. Predictive Analytics World for Business, April 3-7, 2016 in San Francisco, is packed with the top predictive analytics experts, practitioners, authors and business thought leaders. The conference focuses on concrete examples of deployed predictive analytics. Hear from the horse’s mouth precisely how Fortune 500 analytics competitors and other top practitioners deploy predictive modeling, and what kind of business impact it delivers
  3. Predictive Analytics World Healthcare, September 27 – October 1, 2015 in Boston, is packed with the top predictive analytics experts, practitioners, authors, healthcare thought leaders. It focuses on real-world examples of deployed predictive analytics. Attend and witness today’s rapidly emerging movement to fortify healthcare with big data’s biggest win: the power to predict. This conference assembles the industry’s leaders to deliver case studies and expertise, revealing how predictive analytics improves patient care, reduces costs and brings greater efficiencies to the healthcare industry

While it’s still a nascent market, the promise of using predictive analytics to increase revenue growth is real. Early adopters have seen compelling, demonstrable ROI from their predictive analytics programs. These early adopter wins are spurring investment from a larger swath of the market, particularly among companies with demonstrated marketing automation success and high volume funnels.

We can get you off to a hot, fast start in 2016. We can help you extract, transform and load your data into meaningful sets, mobilize and monitor your predictive HR trends, measure progress toward a set of quantitative goals, flag shifts in your markets or financial operations and even lift your customer experiences to a higher level. Whew, that’s saying a lot. Or is that just our story?

Call us to start a neutral and friendly conversation. 512-478-3848.