SHRM Cleveland V4 · Turning Data Into Actionable Analytics Cleveland SHRM May 31, 2017. 2 ... Next...
Transcript of SHRM Cleveland V4 · Turning Data Into Actionable Analytics Cleveland SHRM May 31, 2017. 2 ... Next...
Turning Data Into Actionable Analytics
Cleveland SHRM
May 31, 2017
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© Copyright 2017 Truven Health Analytics, part of the IBM Watson Health™ business
Truven Health Analytics was acquired by IBM in 2016 to help form a new business, Watson Health. Watson Health aspires to improve lives and give hope by delivering innovation to address the world’s most pressing health challenges through data and cognitive insights.
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© Copyright 2017 Truven Health Analytics, part of the IBM Watson Health™ business
Meet Your Speaker
Deb BanionSenior Director, Analytics and Consulting
Truven Health Analytics since 1997
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© Copyright 2017 Truven Health Analytics, part of the IBM Watson Health™ business
Agenda
Who is Truven Health? Who is Watson Health?
How Do We Achieve Actionable Analytics?
What Will Be Different About Analytics in the Future?
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© Copyright 2017 Truven Health Analytics, part of the IBM Watson Health™ business
Watson Health Overview
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© Copyright 2017 Truven Health Analytics, part of the IBM Watson Health™ business
IBM’s Commitment to Healthcare
$4Bdata/cloud/engagement investment in 2015
92of the top 100 healthcare organizations
5,000Employees
100+million patients clinical data set
46IBM Cloud datacenters worldwide by 2015
Partnershipswith Apple, J&J, Medtronic
“We will do our part to change the face of healthcare.”Ginni RomettyChief Executive OfficerIBM
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Recent Investment / Acquisitions
Helps enables governments to serve citizens better by adopting more intelligent and efficient ways to assess needs, execute social programs and maximize program results
Helps provide clients the evidence-based answers they need to improve healthcare quality and access while controlling costs
Helps expands the reach of health insights to build a more complete picture of the individual or population in order to improve wellness
An IBM Company
Helps improve patient care by helping providers and teams to coordinate care and engage patients to positively influence population health
Helps provide clients the ability to “see” by bringing together advanced analytics and cognitive capabilities with a growing body of data and images
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Truven Health Analytics
SSAE 16certified
100,000households surveyed
Reaching more than 20M
consumers with our price transparency
solution
30+years of
experience
150Mlives in our
Marketscan®
databases
Over 400employer customers,
including 25%
of the Fortune® 500
20,000 files/month received from
450+data suppliers
3,000unique measures
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Actionable Analytics
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© Copyright 2017 Truven Health Analytics, part of the IBM Watson Health™ business
Think Like a Scientist
Ask A Question
Do Background Research
Construct a Hypothesis
Test With an Experiment
Procedure Working?
No YesTroubleshoot procedure. Carefully check all steps
and set-up.
Analyze Data and Draw Conclusions
Results Align with Hypothesis Results Align Partially or Not at All with Hypothesis
Experimental data becomes background
research for new / future project. Ask new
question, form new hypothesis, experiment
again!
COMMUNICATE RESULTS
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© Copyright 2017 Truven Health Analytics, part of the IBM Watson Health™ business
“If I had an hour to solve a problem and my life depended on the solution, I would spend the first 55 minutes determining the proper question to ask…”
- Albert Einstein
© Copyright 2017 Truven Health Analytics, part of the IBM Watson Health™ business
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© Copyright 2017 Truven Health Analytics, part of the IBM Watson Health™ business
Clearly Define the Business Question
Stress Resilience
Value Based BenefitsOnsite Clinic PC
MH
s
Exci
se T
ax
Cost Trend Management
Con
sum
eris
m
Chronic ConditionsCDHPPrice Transparency C
ost
Shar
ing
Hig
h C
ost C
laim
ants
SpousalSurcharge
Telehealth
ACOs
Prio
r A
utho
rizat
ion Narrow
NetworkSpecialty Pharmacy
COEsLife
styl
e R
isk
Employee Productivity
Compliance ACA
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Employer Business Group Intelligence
Organizational Culture
Industry Consultants
Health Care Providers
Government
Action Paths by Partner
Health Plan Carriers
Research Your Options
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Develop a HypothesisMerriam-Webster’s Definition of hypothesis
1a : an assumption or concessionmade for the sake of argument
1b : an interpretation of a practical situation or condition taken as the ground for action
https://www.merriam-webster.com/dictionary/hypothesis
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The Data ExperimentWhat data are available?
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Choose Action
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The Future of Analytics
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© Copyright 2017 Truven Health Analytics, part of the IBM Watson Health™ business
Next generation analytics and reporting
Summer 2017: Next Generation Reporting
Projected 2018: Cognitive Analytics
Today:Interactive Reporting
• Enhanced content, insights, and visualizations
• Self-service dashboard creation• Personalized portal access
• Ability to handle structured and unstructured data
• Advanced predictive and cognitive analytics
• Natural language processing
• Foundational analytic content • Interactive dashboards• Role-based security
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The Next Generation: Interactive Reporting
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Analytic Journey
Retrospective Reporting
Foundational Analytics
• What happened?• When and
where?• How much?
Enterprise-wide Data Insights
Business Intelligence
• What is happening?• Who is at risk?• What does it cost?
Proactive Interventions and
Improved Outcomes
Predictive & Prescriptive
• What will happen?• Who will be at risk? • Where to optimize
care for patients? Dynamic Learning for Optimal Care
Guidance
Cognitive
• What is the optimal treatment based on knowledge & evidence?
• Why is this the best protocol or treatment?
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Watson is a computer system capable of answering questions in natural language
© Copyright 2017 Truven Health Analytics, part of the IBM Watson Health™ business
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© Copyright 2017 Truven Health Analytics, part of the IBM Watson Health™ business
What is cognitive?
LearnsDecisions made by leading experts feed the engine. Watson learns & improves over time.
UnderstandsWatson can read & understand documents & data – both structured & unstructured – at a massive scale.
ReasonsWatson searches & analyzes data, returning evidence-based recommendations.
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Interactive Reporting: Trend Drivers
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Interactive Reporting: Eligibility
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Interactive Reporting: Clinical Management
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Interactive Reporting: Savings Opportunities
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© Copyright 2017 Truven Health Analytics, part of the IBM Watson Health™ business
Interactive Reporting: Savings Opps (cont.)
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Cognitive Analytics
Watson Returns Relevant Answers
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Cognitive Analytics: Total Spend
Expanded Question &
Visualization
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Cognitive Analytics: Total Spend Alternative View
Alternative View with Revised Question
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Next Steps
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Legal Disclaimer
© Copyright 2017 Truven Health Analytics, part of the IBM Watson Health business
IBM, the IBM logo and ibm.com are trademarks of IBM Corporation in the United States, other countries or both. Truven Health Analytics and its respective logo are trademarks of Truven Health Analytics in the United States, other countries or both. All other company or product names are registered trademarks or trademarks of their respective companies. A current list of IBM trademarks is available on the Web at “Copyright and trademark information” at www.ibm.com/legal/copytrade.shtml.This document is current as of the initial date of publication and may be changed by IBM at any time. Not all offerings are available in every country in which IBM operates.
The information in this document is provided “as is” without any warranty, express or implied, including without any warranties of merchantability, fitness for a particular purpose and any warranty or condition of non-infringement. IBM products are warranted according to the terms and conditions of the agreements under which they are provided.
The client is responsible for ensuring compliance with all applicable laws and regulations applicable to it. IBM does not provide legal advice or represent or warrant that its services or products will ensure that the client is in compliance with any law or regulation. The performance data and client examples cited are presented for illustrative purposes only. Actual performance results may vary depending on the specific configurations and operating conditions. It is the user’s responsibility to evaluate and verify the operation of any other products or programs with IBM product and programs
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