Teradata unveils analytics solution


Big data analytics company Teradata has unveiled a next generation analytics solution which will enable data-driven health care.

According to Teradata, the framework enables health care payers and providers to “harness new analytical capabilities to reduce costs, improve customer engagement and incentives, better coordinate quality care and support risk-finance transparency”.

Based on new capabilities in the Teradata unified data architecture, the Teradata healthcare data model, and Teradata's healthcare applications from the Aster Applications Center, the framework includes analytics for paths to surgery, admission diagnosis procedure paths, patient affinity, patient compare, impact analysis, and drug prescription affinity analysis.

"More timely analytic insight and customer communications have powerful benefits that enhance multiple dimensions of intelligence around patient care," said Scott Sobers, director, healthcare and life sciences industry marketing, Teradata.

"For instance, a healthcare organization that seeks to conduct proactive intervention to help prevent re-admissions can be a challenge. Today, the process takes too long; it's inefficient and costly. With the healthcare framework in place, organizations can reduce unnecessary re-admissions - better serving patients and ensuring a more economical process for the business,” he added.

Judy Hanover, research director at IDC Health Insights, said: “The healthcare sector is investing significantly in BI and analytics, as the technologies are important enablers of success in accountable care delivery.

“Most providers have had mixed results from past investments, and are intensifying their efforts to select strong tools that deliver actionable results from analytics. Analytics can help hospitals and health systems improve visibility into risk, financials, and customer engagement."

Teradata, US, Scott Sobers, Judy Hanover, IDC Health Insights, Risk Management