Modern, tech-enabled innovations are demonstrating immense potential to transform the way healthcare is planned, delivered and paid for in the United States—but how much do you know about how these innovations really work? It can be hard to trust data-driven insights when you don’t have a clear view into how source information is being used and what analytics processes are being applied to produce those insights.
For this blog post, we sat down with David Schweppe and Matthew Hanauer on Linkedin Live to get simple explanations of a few basic data science principles. Read on to explore what is going on ‘behind the scenes’ of predictive healthcare technology.
1. Statistical modeling
Traditional statistical modeling capabilities still have their place, but the complex world of healthcare now demands more specificity and actionability than these models can offer. Next-generation statistical modeling allows providers and payers to be proactive and level up care delivery and management.
Traditional | Next generation |
Identifies factors contributing to particular observed phenomena | Predicts which factors may influence phenomena and explains how |
Expands general understanding of healthcare trends and consumer behaviors | Assesses magnitude, speed, and valence of trends and behaviors to understand influence and impact |
Equips data analysts with the information necessary to construct an action plan | Turns visible inputs into actionable outputs, allowing anyone to participate in the data-driven movement |
Delivers answers based on averages for a specific situation | Extracts granular insights and personalized forecasts at every level—patient, community, provider, system, and industry. |
Utilizes individual data sets or pieces together inputs from siloed sources | Presents a unified view of disparate data sources (e.g. clinical, claims, SDOH, etc.) for comprehensive understanding and effective action |
2. Cyclical processes
Data offers answers, but it also often stimulates more questions. We believe a healthy model is just that—a model. Users and leaders alike must engage fully in the cyclical process of data-driven decision making.
In this clip, Dave and Matt illustrate the iterativeness of data science using two example situations: (1) rising hypertension costs and (2) behavioral health drivers.
The beauty of this adaptability is that you can examine the same scenario from multiple angles, tweaking various factors to see what might happen and how your organization might need to adjust accordingly.
3. Why, why, and why again
Keep asking why, David says, until you get to the bottom of something. AI can suggest opportunities, identify outliers, forecast trends, and much more—but acting without full understanding is still unwise.
Our technologies and tools are not designed to be wielded thoughtlessly; there is still a critical human element at play. Dashboards are powerful summaries, but don’t be afraid to get into the nitty gritty. Drill down. Access more details. Understand the intricacies of a population health challenge by examining individual patient situations. Go deeper on denial trends to stop a problem before it becomes one. Users and leaders alike must leverage their own experiences and areas of expertise to interpret recommendations contextually and implement changes strategically.
Lightning Round!
At the end of each LinkedIn Live session, we ask our guests three quick, big-picture healthcare questions:
- What is one thing in healthcare that has you really excited right now?
- If you could solve one major challenge for healthcare organizations, what would it be?
- What is one key trend that you’re keeping an eye on? Anything we should be watching and researching?
Hear Dave and Matt’s answers:
Stay tuned on LinkedIn for more live events, timely resources, and more!
Get our take on industry trends
Why Unconventional Businesses Will Find Success in Healthcare: It’s the Data
It seems everyone is moving into healthcare. It’s a rapidly growing industry, historically dominated by large, well-embedded companies and organizations, and “pure tech” companies have had difficulty breaking in. That, however, is changing.
Read on...Data and Social Determinants of Health
By Scott Hampel – I think a lot–and I’m not the only one–about how we can improve the ways we pull information from data. Data on its own is inert: just waiting to be understood and then used. And that’s a major challenge for many organizations. Data is often trapped in different applications with no easy or convenient way to extract it.
Read on...Why Social Determinants Need Analytics for Success
Many challenges face healthcare’s underserved. There are issues with food, housing, reliable transportation, steady employment and more. Each contributes to and is one element of social determinants of health (SDH). In communities around the world, public and private organizations are taking steps to address SDH-related issues and challenges that negatively impact healthcare.
Read on...Healthcare Organizations Recognize Importance of AI for Reporting
Healthcare providers continue to recognize the value of using AI in reporting operations throughout the organization. AI has many strengths when applied to the healthcare industry:
Read on...