Data in Business Analytics Perspective for Indian Healthcare Market - PowerPoint PPT Presentation

About This Presentation
Title:

Data in Business Analytics Perspective for Indian Healthcare Market

Description:

Data in Business Analytics Perspective for Indian Healthcare Market By Debashis Basu Partner and Leader Enterprise Intelligence and Analytics EY India, Know More Here: – PowerPoint PPT presentation

Number of Views:131

less

Transcript and Presenter's Notes

Title: Data in Business Analytics Perspective for Indian Healthcare Market


1
Data in Business Analytics Perspective for
Indian Healthcare Market
  • Debashis Basu
  • Partner and Leader Enterprise Intelligence and
    Analytics
  • EY India
  • September 7, 2013

2
Challenges with Data Analytics in Healthcare
  • Data available in healthcare can be segregated
    along the following lines
  • Structured Data EMR systems, Claims systems,
    Revenue cycle systems
  • Unstructured Data Doctor notes, Images
  • Focus has been on the "volume" end of analytics,
    namely Data Management and Governance
  • Descriptive analytics, while Advanced Analytics
    and Predictive Modelling usage is limited
  • Most Hospitals are understaffed for the most
    basic reporting and analytical needs

4th International Conference on Transforming
Healthcare with IT - 6th 7th Sep. 2013
Hyderabad, India
3
Emerging markets/India Specific Challenges
  • Lack of country wide hospital KPI data
  • No adequate survey-based data
  • No administrative reporting system that provide
    basic hospital service statistics
  • Healthcare organizations are wary of technology
    integration due to cost burden caused by
    requirement of IT infrastructure and technical
    expertise

4th International Conference on Transforming
Healthcare with IT - 6th 7th Sep. 2013
Hyderabad, India
4
Silver lining for Data Analytics for Indian
Healthcare providers
  • According to Gartner, India's healthcare
    providers plan to spend US 1.05 billion on IT
    products and services in 2013
  • As the health care industry moves to electronic
    health records, the storage of data is
    increasingly going to be on the cloud.

4th International Conference on Transforming
Healthcare with IT - 6th 7th Sep. 2013
Hyderabad, India
5
The healthcare business intelligence / EPM
landscape
  • Healthcare decision support is usually
    workflow-specific
  • Provided within functional systems of enterprise
    HCIT vendors
  • And is not cross-application or cross-enterprise
  • Enterprise-level BI solutions in healthcare are
    scarce
  • Enterprise software vendors (McKesson, Siemens,
    Cerner, GE, Eclipsys, Epic)
  • Offer data warehouses and OLAP tools specific to
    their applications
  • But are not an effective enterprise solution,
    particularly for revenue cycle
  • Technology vendors (BEA, Cognos, Business
    Objects, Hyperion, Qulikview Microsoft)
  • Offer tools to create BI/EPM solutions but must
    be custom-developed
  • Are costly to implement and maintain most
    hospitals physicians cant afford them

Performance Management
Business Intelligence
Data Warehouse
Functional Systems
4th International Conference on Transforming
Healthcare with IT - 6th 7th Sep. 2013
Hyderabad, India
6
The healthcare business intelligence / EPM
landscape
  • Pure healthcare BI companies (limited number -
    Avega, Precision.BI, MedeAnalytics, Craneware,
    Advisory Board, Premier, Thompson Reuters,
    Healthcare Management Council, CareMedic)
  • Provide subscription-based solutions
  • But technology is not leading edge
  • They are usually retrospective reporting and
    benchmarking services
  • Rather than EPM
  • The industry still lacks an affordable
    healthcare-specific EPM solution that can be
    easily implemented

Performance Management
Business Intelligence
Data Warehouse
Functional Systems
4th International Conference on Transforming
Healthcare with IT - 6th 7th Sep. 2013
Hyderabad, India
7
Key Problems Inefficiency lack of visibility
My housekeeping staff finds out about discharged
patients by checking a handwritten log.
My surgeries are being canceled for want of an
inpatient bed
Unmonitored bed turnaround
Delayed visibility of empty beds
Unseen capacity
Transport delays
Equipment/pharmacy req
Test results
We are having difficulty in tracking quality of
care. Our CMS scores are low and we are not
getting full reimbursements
Patients are being sent to other hospitalswe
cant find room
News State of NY cut Medicaid reimbursements
to hospitals by 8. For a mid-size hospital, this
is an impact of about 20M in revenue loss. The
only way for hospitals to deal with this cut is
to be more efficient in their services using
technologies that make them address this, cut
operational costs increase productivity
4th International Conference on Transforming
Healthcare with IT - 6th 7th Sep. 2013
Hyderabad, India
8
Integrating Information Across Silos in Real time
Operational Financial
Clinical Quality
IT Security
Health Metrics
4th International Conference on Transforming
Healthcare with IT - 6th 7th Sep. 2013
Hyderabad, India
9
Hospital EPM Solutions Landscape
4th International Conference on Transforming
Healthcare with IT - 6th 7th Sep. 2013
Hyderabad, India
10
Benefits - Increased Admissions ROI Gain for
Hospitals
  • Executive Objectives
  • CXOs are looking for ways to increase patient
    throughput
  • Increasing throughput is increasing the number of
    admits at a hospital
  • Through making processes in the hospital more
    efficient
  • Roadmap to improved bed utilization
  • By optimizing latency between discharge
    occupancy
  • By creating visibility at the time of admissions
  • By improving the discharge process
  • Estimated Increased Admissions Revenue
  • An average 400 bed hospital can expect the
    following benefits

Performance Level Conservative Moderate Aggressive
Bed Turns Gained per Year 3.12 5.32 10
Admissions Gained 905 1542 2899
Revenue Opportunity 4,070,658 6,940,993 13,046,980
4th International Conference on Transforming
Healthcare with IT - 6th 7th Sep. 2013
Hyderabad, India
11
Illustrative out come
  • Bed Turnaround Time
  • 20 reduction in Bed Assignment Time (request to
    assignment)
  • 15-30 reduction in Bed Occupancy Time (request
    to occupied)
  • 30-40 reduction in Bed Occupancy Time for
    evening and night
  • Bed Occupancy Capacity Improvement
  • 8-10 improvement in bed occupancy (inpatient
    conversions)
  • 10-13 improvement in ED Admissions (improved bed
    utilization)
  • 8-10 improvement in ED utilization (better
    resource management)
  • Nursing Clinical
  • 25-40 reduction in outpatient conversions
  • 30 reduction in outpatient conversions for
    interventional radiology
  • 20 reduction in overall outpatient conversions
  • 3 improvement in early discharges (before 200
    PM as) of total

ACTUAL PERFORMANCE25 Improvement in Bed
Requested vs. Bed Assigned
ACTUAL PERFORMANCE10 Improvement in Inpatient
Conversions
4th International Conference on Transforming
Healthcare with IT - 6th 7th Sep. 2013
Hyderabad, India
12
This document contains confidential material
proprietary to Ernst Young Private Limited
("EY). The tools, material, ideas and concepts
contained herein are proprietary and are to be
used solely and exclusively to evaluate the
capabilities of EY to provide assistance to
COMPANY.. The contents of this proposal are
intended for the use of MSM and may not be
distributed to third parties. This document does
not constitute an agreement between EY and
Company. Any services EY may provide to MSM will
be governed by the terms of a separate written
agreement signed by both Company and EY. This
document is based on information provided to us
by MSM, which we have not verified. Accordingly,
we are not responsible for any inaccuracies in
that information. Furthermore, changes in MSM
definition of requirements will necessarily
affect the document set forth herein.
If company decides not to proceed with the
project, selects another consulting firm, or
decides to conduct the project itself, we request
return of any printed copies of this document
together with the assurances that no photocopies
of this document have been made.
Thank you
ERNST YOUNG LLP 5th Floor, Bock  B2 Nirlon
Knowledge Park, Off Western Express Highway,
Goregaon (East), Mumbai 400 063 www.ey.com/india
2013 Ernst Young. All rights reserved
Write a Comment
User Comments (0)
About PowerShow.com