Data science company, Proskriptive, has partnered with Yellowfin, a global Business Intelligence (BI) and analytics software vendor, to deliver a new cloud-based healthcare analytics platform to the US market.
The partnership has seen Proskriptive integrate its predictive and prescriptive data models – designed to identify opportunities for quality improvement, operational efficiency, cost savings and enhanced patient care for payers, providers and those that provide products and services to the healthcare industry – with Yellowfin’s business-user-oriented BI platform.
Proskriptive offers an open, fast and transparent Care Analytics Repository, which aligns with its Predictive Model Market (PMM), to deliver a fully managed service, hosted on Microsoft Azure, on a subscription basis.
“Mandates from the US federal government are quickly transforming the role of healthcare providers in the United States,” said Michael Hollenbeck, Proskriptive CEO. “The Department of Health and Human Services has said that 85 percent of all traditional Medicare payments must be tied to measures of quality or value by 2016.
“The Proskriptive – Yellowfin healthcare analytics platform will enable healthcare providers to combine and assess a range of data – including claims, hospital and pharmacy data – to improve overall patient care and associated resource management. Proskriptive’s predictive and prescriptive data models enable healthcare professionals to identify emerging problems and develop preventative care plans, while managers and administrators can track cost and quality measures by population, physician, or even by payer. The platform is highly flexible and works with existing data and analysis systems.”
The joint healthcare specific platform, utilizing Proskriptive and Yellowfin technology, provides an easy-to-use solution that strategically addresses quality and cost challenges, delivers increased accuracy, helps build preemptive patient care plans and is automated to reduce expenses and complexity.
“As we transition to a delivery model that favors population health, care providers of all sizes are finding that retrospective models of reporting are no longer enough,” said Justin Richie, Proskriptive VP of Technology. “In order to achieve quality and cost containment goals, healthcare providers are finding it necessary to use prospective mechanisms to identify risk and care opportunity in advance of acute situations.”
In the past, analytics companies have brought forward a number of point solutions, however, they usually come with a great deal of complexity, lengthy time to implementation and high costs, making it difficult for doctors and administrators to translate results into value.
Proskriptive’s healthcare domain expertise and predictive modeling – delivered and visualized via Yellowfin’s business-user-friendly reports, charts, dashboards and interface – will provide healthcare workers with interactive summaries of crucial cost, operations and quality metrics that deliver a complete patient view.
“Our technology offers a data aggregation and scoring engine for which Yellowfin helps tell the story,” said Richie. “Working with Yellowfin allows us to bring rich predictive content from the PMM and present the result back to our customers in a compelling way so that they can easily understand how to best address patient centered care issues.”
Yellowfin General Manager for North America, Justin Wright, said Yellowfin was pleased to be working with Proskriptive to deliver insights to healthcare workers that had the potential to help them provide better services and improve the quality of patient care.
“This partnership makes it easier for healthcare professionals to manage patient care via an accessible, highly flexible, and scalable solution that works in conjunction with a clients’ existing data, analysis, and management systems,” said Wright. “Together, Proskriptive and Yellowfin can help healthcare professionals track, report and analyze things such as Population Health, Likelihood of Hospitalization, Readmission Probability, Chronic Illness Management and Medication Adherence. We’re very proud to assist Proskriptive to deliver such a valuable solution to the US healthcare industry.”
Proskriptive, based in the U.S., is a data science company that creates and markets predictive and prescriptive models that identify opportunities for quality improvement, operational efficiency, and cost savings for healthcare providers, plans and industry partners. We provide a dynamic analytics platform, offer expert services, and flexible tools, like the Predictive Model Market, to guide better data-driven decision-making. Learn more at www.proskriptive.com.
Yellowfin is a global Business Intelligence (BI) and analytics software vendor passionate about making BI easy. Founded in 2003 in response to the complexity and costs associated with implementing and using traditional BI tools, Yellowfin is a highly intuitive 100 percent Web-based reporting and analytics solution. Yellowfin is a leader in mobile, collaborative and embeddable BI as well as Location Intelligence and data visualization.
Over 10,000 organizations, and more than one million end-users across 70 different countries, use Yellowfin every day. For more information, visit www.yellowfinbi.com
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