damo consulting informs 2015 cloud based analytics for healthcare

CONFIDENTIAL. NOT TO BE DISTRIBUTED WITHOUT PERMISSION

[email protected]

www.damoconsulting.net

+1 630 613 7200

One Lincoln Center

18W140 Butterfield Road

Oakbrook Terrace, Suite 1500

Oak Brook, Illinois, 60181

Cloud-based Models in Healthcare Analytics

Paddy Padmanabhan, CEO

DAMO CONSULTING, INC

http://www.damoconsulting.net/

About DAMO Consulting, Inc.


We provide advanced analytics consulting, digital content solutions,

and global sourcing advisory services to the healthcare sector.

We have extensive experience in healthcare information technology

with leading global firms such as Accenture, IBM, HP, and Wipro.

2

We have deep expertise in global sourcing for IT and IT-enabled

services, and cloud-based analytics platforms for healthcare.

We are industry thought leaders: We publish extensively on

healthcare IT, analytics, and digital health, and speak regularly at

leading industry conferences.

Thought Leadership and Publications

3CONFIDENTIAL. NOT TO BE DISTRIBUTED WITHOUT PERMISSION

1 White Paper: The State of Healthcare Analytics – Damo Consulting, Inc, April 2015

The State of Healthcare Analytics1


Analytics driven by margin pressures, focus on improved outcomes, and

population health management

65 % of healthcare providers and 60% of healthcare payers plan

to increase analytics spend in 2015

Data security concerns, interoperability challenges, data scientist talent

impacting adoption rates

Operationalization of analytics in clinical and operational workflow

impacting ROI

New data from wearables, IoT creating opportunities for

improved insights

FINANCIAL

DATA

OPERATIONAL

DATA

CLINICAL

DATAIMAGES NOTES

STRUCTURED DATA UNSTRUCTURED DATA

Analytics : value creation from technology to business strategy

5

Damo Analytics Value Pyramid 2015

Zone of activity

Strategy

Workflow and Operations

Analytic Models and

visualization: R, Tableau

Data Integration & Management : ETL, MDM

Technology Platforms: EMR, ERP, RCM


Increasing adoption of cloud services

6

More than 80 percent of the 150

respondents of the 2014 HIMSS Analytics

Cloud Survey reported their healthcare

organization currently uses cloud services.

– HIMMS Analytics cloud survey, 2014

Cloud-based Business Intelligence (BI) is

projected to grow from $.75B in 2013 to

$2.94B in 2018, attaining a CAGR of 31%

– Gartner BI & Analytics Magic Quadrant,

2014


7

Enterprise IT is moving rapidly towards a cloud-based model.

CLOUD ADOPTION INCREASING

CLIENTS NEED SOLUTIONS

Pre-configured solutions that deliver actionable analytical

insights out of the box

... AND RAPID TIME -TO-VALUE

Low cost entry point, repeatable processes, flexibility and scalability

Analytics on the cloud: Aligning with the emerging trend


8

1 Damo Consulting research

Flexible ScalableTime to Value Costs

12-18 months No Yes $$$Traditional

Software

6-12 months No No $$Consulting

Services

<2 months Yes Yes $Cloud

Offerings

Cloud – Based Offerings Provide Several Advantages Over Traditional Models1


Cloud based Analytics - Considerations



Cloud service vendors can offer cost effective and scalable solutions

Pay-per-use, diminished IT support costs

Access to advanced predictive algorithms and data integration capabilities

Faster deployment of analytics solutions and speed to insights

Deploy multiple tools, including open source, within a single environment

Reduce the need for hiring expensive and hard-to-find data scientists

Provide multiple options: public, private, hybrid cloud models

Healthcare is Unique !

Evaluating and Selecting a Cloud Analytics Vendor


SECURITY &

COMPLIANCECAPABILITIES OTHER

Meet policies &

procedures required by

HIPAA

Structured Security

Program

Data Transfer Security

Access Controls in

place

Data Management/

Exchange - The ability

to aggregate data,

including structured

and unstructured

Customer Education

and Training programs

How are they doing in

the market, pipeline

Who are their key

clients in healthcare ?

Willingness to sign

BAA

Financial condition

Culture fit and

references

Advanced analytics

and predictive

modelingHosting in the U.S

High Level Vendor Selection Process


Vendor

Scorecard

Identify key stakeholders

Understand and document your

Analytics requirements

Assemble a vendor evaluation team

Develop a Vendor Scorecard

Identify and Evaluate Vendors


Vendor selection can be a daunting task – seek external advice

Choosing a vendor from the large number out there can be a daunting

task. We can help in the following ways

Help define the needs of your organization

Help educate your team about the vendor landscape

Utilize independent research to narrow down to a short list

Develop an approach and manage the selection process


One Lincoln Center

18W140 Butterfield Road

Oakbrook Terrace,

Suite 1500

Oak Brook, Illinois, 60181

[email protected]

www.damoconsulting.net

+1 630 613 7200

603/11/A, 19th Main Road,

2nd Floor, Sector 2, HSR

Layout, Bangalore 560 102

India

http://www.damoconsulting.net/

damo consulting informs 2015 cloud based analytics for healthcare

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