Healthcare Data Analytics Blog

Practical Analytic Approaches to Healthcare Challenges Prescription drugs comprise the third-largest component of U.S. national health expenditures, behind only hospital care and physician services, according to the Centers for Medicare and Medicaid Services.[i] According to the QuintilesIMS Institute, invoiced sales of prescription drugs amounted to $450 billion in 2016, representing 13.4 percent of all U.S. … Pharmacy Prescription: Is It Generic Enough?

Practical Analytic Approaches to Healthcare Challenges Asthma is a lifelong disease. In addition to limiting a person’s quality of life, medically it is also associated with significant healthcare utilization and costs.[i] According to a survey in 2015, there were 5.9 million physician office visits and 2.0 million Emergency Department visits in the US because of … Clinical Economics of Asthma Controller Medication: Adherence & Outcomes

Practical Analytic Approaches to Healthcare Challenges Milliman’s MedInsight Health Waste Calculator – a leading analytic platform that provides actionable data around healthcare quality, efficiency, and effectiveness – was featured in Health Affairs’ third most-read article of 2017! The article, “Low-Cost, High-Volume Health Services Contribute The Most To Unnecessary Health Spending,” highlights the Commonwealth of Virginia’s … MedInsight Health Waste Calculator Featured in Health Affairs’ Third Most-Read Article of 2017

Practical Analytic Approaches to Healthcare Challenges Globally, policy makers and payers are focusing on services that are regarded medically unnecessary and do not yield useful results. In the United States, these are referred to as low- or no-value services and are considered wasteful. A significant percentage of the services considered wasteful are medical imaging when … Overused Ophthalmology Imaging: More May Not Be Better

Practical Analytic Approaches to Healthcare Challenges Experts and stakeholders across the industry agree that there is an immediate need to reduce wasteful healthcare spending in the US. A 2012 Institute of Medicine report estimated that one third of US healthcare spending, or $750 billion is wasted annually (Washington Post, September 2012). Of that amount, $210 … Reducing Healthcare Waste: A Three Pronged Approach

Practical Analytic Approaches to Healthcare Challenges Anesthesiologists perform pre-operative assessment on all patients undergoing surgery in order to identify any disease or risks to the surgery and to plan perioperative anesthetic care to mitigate surgical risk. In patients with known cardiac disease, diagnostic cardiac tests such as stress tests and echocardiograms are sometimes recommended as … Wasteful Pre-Operative Cardiac Testing Prior to Low-Risk Surgery