Category Archives: Big Data

Cutting Readmission Rates: AHRQ Report Indicates that Passing the Buck to Primary Care isn’t the Answer

According to a recent AHRQ report, U.S. hospitals spent $41.3 billion treating patients readmitted to the hospital within a month of being sent home, frequently for conditions that could be better managed by a primary care doctor –but clearly, not always. The AHRQ report used 2011 data from federal and state databases to determine the most common reasons patients were readmitted to the hospital and the total cost of each. The report broke down its findings for Medicare, Medicaid, privately insured and uninsured patients. Here are the top conditions for which patients were readmitted and the total cost: Medicare Congestive [...]

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Sign of the Times: CollabRx and Affymetrix Partner to Optimize Genetic Variant Annotation (GVA) Service

High-throughput DNA sequencing platforms are now widely available. As a result, personal genomes are being sequenced with increasing regularity in both research and clinical settings. However, the resulting and massive amounts of variants data continue to challenge those who would make sense of it all for us. And that is why you will continue to see collaborations like the one announced below —highly targeted and/or disease-specific. CollabRx, Inc. (NASDAQ: CLRX), a leading provider of software and IT systems that support clinical decision-making in oncology, and Affymetrix, Inc. (NASDAQ: AFFX), an industry leader in genomics analysis, yesterday announced an agreement to [...]

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High School Students Use Crowdsourcing to Find a Cure for Melanoma

In a groundbreaking effort, 3,500 of the country’s top high school students will build the world’s largest wiki on melanoma research — and work toward finding that needle in a haystack to cure melanoma. The effort is led by www.SaveJordan.org, which will use crowdsourcing to drive user-generated content related to melanoma cancer research to a wiki site. “The idea is to bypass mainstream medicine and medical research and compile fresh ideas,” said Jordan Guernsey, the 29-year-old father of two and Stage IV cancer survivor who is the force behind SaveJordan.org. “The young people working on SaveJordan.org are the best and brightest future [...]

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Consolidation Trend Continues: Tufts Medical Center and Lowell General Hospital Forming System

Tufts Medical Center and Lowell General Hospital are joining forces to form a new health care system they say will offer lower-cost medical services from Southern New Hampshire to south of Boston at a time of changes sweeping through the industry. The alliance would link a 415-bed Boston teaching hospital that has been scrambling for a niche in the fast-consolidating market with one of the state’s largest community hospitals. Lowell General, which two years ago took over a crosstown rival, Saints Memorial Medical Center, has 434 beds on two campuses. Under terms of a tentative agreement approved by both boards, each nonprofit [...]

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ICD-10 Industry Surveys Show Directly Conflicting Results

Just before the transition to ICD-10 was officially delayed, NueMD conducted a survey of 1,300 healthcare professionals to gauge their attitudes towards ICD-10. The survey, which garnered responses from all 50 states, found that 55 percent of respondents thought the transition to ICD-10 should be delayed or should not happen at all. When comparing those results to  a 2012 survey that asked the same question, 56 percent of respondents wanted a delay or no transition, suggesting there hasn’t been any change in attitude over the last 18 months. The NueMD survey also measured healthcare professionals’ thoughts on financial and operational [...]

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Friday Rant: Something Old, Something New, Something Borrowed…

What happened to the good ol’ days –you know, when SCM vendor marketing budgets were properly anemic? SAP announced the concept of a “Supply Chain Control Tower” a little over a week ago at its supply chain conference in Las Vegas. If you’re curious about what it is, here’s my stab at it: Great marketing. Dammit, it’s a control tower not a dashboard! And because most of us in the SCM space have little experience dealing with a well-financed, first degree marketing assault, it will probably work —and that’s a good thing. If nothing else, it is validating the work of [...]

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Guide for Public Health and Primary Care Integration: The “Practical Playbook” Rolls Out Nationwide

On March 5, 2014, the de Beaumont Foundation, Duke Community and Family Medicine, and the Centers for Disease Control and Prevention launched A Practical Playbook: Public Health & Primary Care Together, a new website designed to promote and facilitate collaborative health projects between public health officers and primary care providers. In the first month, A Practical Playbook has been met with high praise, even as project team members work behind the scenes to enhance functionality and add even more content to its list of 700+ resources. Dr. Michael McGinnis, a senior scholar at the Institute of Medicine (IOM) and the Executive Director of the [...]

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Premier and American Society of Anesthesiologists To Develop Perioperative Surgical Home Collaborative

In an initiative designed to improve patient experience, outcomes and reduce readmissions, the American Society of Anesthesiologists (ASA) today announced it has chosen Premier, Inc. (NASDAQ: PINC) to help it develop a first-of-its-kind learning collaborative for the ASA’s Perioperative Surgical Home (PSH) model of care. ASA’s PSH is a patient-centered, physician-led, team-based practice model of coordinated care that guides a patient throughout the entire surgical experience. The collaborative is intended to bring together health care organizations to develop, pilot, and evaluate this innovative model to improve care for surgical patients from the moment surgery is planned, through recovery and discharge [...]

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Applied Analytics: Deloitte Survey Reveals Forensic Mindset Needed to Assess Supply Chain Risks

As complexity in global supply chain networks continues to increase, less than one-third (26 percent) of business executives are using data analytics tools and processes to help manage third party relationship risks, according to a new Deloitte survey. Thirteen percent of those surveyed are still learning how to use analytics software and 22 percent use no data analytics at all. “Many market leading companies leverage advanced data analytics tools and forensic accounting to identify anomalies in their transactional data,” said Mark Pearson, principal, Deloitte Financial Advisory Services LLP. “Using a forensic mindset when analyzing big data can provide value to [...]

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ConvergeHEALTH Announces Yet Another Collaboration: Moffitt Cancer Center/M2Gen Joins the Consortium

ConvergeHEALTH by Deloitte is announcing that M2Gen, a wholly-owned subsidiary of Moffitt Cancer Center, has joined its real-world evidence and analytics consortium to help transform cancer care around the use of personalized medicine. M2Gen joins the consortium initiated by Intermountain Healthcare and ConvergeHEALTH to contribute toward biomarker discovery, gene-based clinical trial matching and real-world evidence generation to support the shift to personalized medicine in oncology. M2Gen has one of the world’s richest sources of oncology and personalized medicine insights as a result of Moffitt Cancer Center’s Total Cancer Care® program. Total Cancer Care helps researchers and caregivers address the needs of [...]

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Pricing Transparency: Are Taxpayers Swinging at Windmills?

Regardless of your politics, most of us can agree that the market for health care in the United States isn’t really working all that well. The libs tell us that a market failure has occurred, and that we need government to intervene to correct that failure — by expanding public insurance programs, subsidizing private insurance, etc. Although the conservatives don’t exactly concede that such a failure has happened, they do believe that things would get better if we simply got government out of the way and made consumers better informed. In other words, take care of the information asymmetry that [...]

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Multi-Billion Cap Healthcare Companies that Might Receive Tender Offers in 2014

With so much cash on the sidelines, healthcare investors (actually, investors of all stripes) are “on the lookout” for the next big multi-billion dollar acquisition. According to Morgan Stanley, 9 multi-billion dollar cap healthcare companies have a high likelihood of receiving at least one tender offer over the next 12 months. Morgan Stanley relied on several factors in its analysis: Dividend yield: Lower yields imply higher offer probabilities. Price-to-book ratio: Cheaper stocks have a higher offer likelihood. Debt-to-asset ratio: Higher leverage means an offer is more likely. Market cap rank: Smaller caps have higher offer probabilities, mega-caps, less likely. Sector: [...]

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The Journey to Value-Based Care: ConvergeHEALTH and NNEACC Providing Direction

I had a chance to catch up with Brett Davis, CovergeHEALTH’s General Manager and Jason Girzadas, Deloitte’s National Managing Director for Life Sciences and Healthcare, shortly after the company’s recently announced relationship with the Northern New England Accountable Care Collaborative (NNEACC). That led to my conversation with Dr. David Wennberg, CEO of the NNEACC, who was kind enough to provide details for this post. We previously covered the launch of ConvergeHEALTH by Deloitte. Briefly, ConvergeHEALTH is greater than the sum of Deloitte’s practiced parts. It is more because a) the new company’s foundation is built on specific and significant new investments in data integration [...]

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Medical Startup News: ActualMeds Wins Venture+ Forum at HIMSS 2014

Late last week, ActualMeds, a provider of web-based platforms to facilitate patient data collection and automate coordination of care for medication management in patients with chronic diseases, announced it was selected as the winner of the 2014 Venture+ Forum pitch contest for startups at this year’s HIMSS Conference. At this year’s Venture+ Forum, ActualMeds was one of 20 pre-selected companies that were given the opportunity to pitch their products, services and solutions to a panel of leading experts in healthcare investment, business and technology. “Many times, the only opportunity a healthcare provider has to engage complex patients is at the [...]

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Deloitte and NNEACC Announce Collaboration to Offer Value-based Care Solution

Deloitte announces today a groundbreaking collaboration with the Northern New England Accountable Care Collaborative (NNEACC) to deliver services, technology, analytics and insights to enable value-based care. Deloitte and NNEACC will offer a solution called “Insight” that will help U.S. health care providers make the shift to a health system defined by population health and risk-based contracts. Founded by Dartmouth-Hitchcock Health System, Eastern Maine Healthcare Systems, Fletcher Allen Health Care, MaineHealth and Dartmouth College, the NNEACC is a value-based care collaborative providing leading solutions that enable health providers to manage population health. Since its inception, NNEACC has been leveraging ConvergeHEALTH by Deloitte’s [...]

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Big Data Hype Exposed: How to Avoid Building Bridges to Nowhere by Achieving the Promise of Applied Analytics

I had the recent pleasure of speaking with Brett Davis, ConvergeHEALTH’s general manager. Actually, the new company’s formal name is ConvergeHEALTH by Deloitte, plainly revealing its origins. Deloitte Consulting has long been heavily invested in the healthcare and life science sectors. It’s already a well-established market leader in both practice areas. But when it acquired Recombinant back in late 2012 –a high flying healthcare data warehousing and analytics firm– the company signaled its move toward using data to transform healthcare. “As we see the movement away from volume-based payment toward outcomes payment… one of the ways to get at healthcare savings will [...]

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