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Healthcare Dives Into Big Data
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anon9262371760
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anon9262371760,
User Rank: Apprentice
5/14/2014 | 9:46:56 AM
Due North Analytics
We totally understand the importance of Big Data for the healthcare industry. We started our company knowing that we could help Healthcare institutions do three things. 1 Predict potential rates, so they can predict the fluctuation of symptoms and plan accordingly with staffing, equipment and insurance rates. 2. Predict patient trends so that you can understand what diseases they may be vulnerable to in the future. 3. Determine the effectiveness of medication. Knowing what is working and not working could save patients and insurance companies a lot of money. Even though we are a start up we believe our technology is at the forefront of the industry. Check out, Due North so you can learn more about our company and Join forces with our team for enhanced, affordable, high quality reporting, modeling, and analytics.
Alison_Diana
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Alison_Diana,
User Rank: Author
5/14/2014 | 10:11:57 AM
Re: Due North Analytics
Thanks for sharing Due North's story. This slideshow was meant to only encapsulate a few of the many stories out there -- and there'll be many more to come in the months and years ahead. There are many startups entering this space right now, in part because there's quite a lot of investment capital floating around. Investors are bullish on this market -- and rightly so, IMHO. Whenever I see news stories trumpeting the results of multiple studies across many years, I realize the power of analytics (and perhaps big data) was behind those findings. And this is only the beginning. 
HM
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HM,
User Rank: Strategist
5/14/2014 | 4:51:26 PM
Big Data Strategy
Alison at LexisNexis Risk Solutions we are actively engaged in using the open source HPCC Systems data intensive compute platform along with the massive LexisNexis Public Data Social Graph to tackle everything from fraud waste and abuse, drug seeking behavior, provider collusion to disease management and community healthcare interventions. We have invested in analytics that help map the social context of events through trusted relationships to create better understanding of the big picture that surrounds each healthcare event, patient, provider, business, assets and more. For an interesting case study visit: http://hpccsystems.com/Why-HPCC/case-studies/health-care-fraud
Alison_Diana
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Alison_Diana,
User Rank: Author
5/14/2014 | 5:07:13 PM
Re: Big Data Strategy
Thanks for sharing LexisNexis' experience in analytics within healthcare. I had not realized the extent to which this company was involved in healthcare although I knew, of course, LexisNexis was heavily involved in analytics and big data work. When organizations discover savings and reduce fraud, waste, theft, and abuse, the entire system benefits. 
HM
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HM,
User Rank: Strategist
5/15/2014 | 9:43:12 AM
Re: Big Data Strategy
Alison, thanks! If you would like more information or a briefing on what LexisNexis's HPCC Systems has to offer please feel free to let me know. I'd be happy to share!
eyu906
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eyu906,
User Rank: Strategist
5/15/2014 | 8:28:29 PM
Wearables for Healthcare
Hi Alison Diana, any info on wearables leveraging big data for healthcare?
Alison_Diana
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Alison_Diana,
User Rank: Author
5/16/2014 | 9:05:46 AM
Re: Wearables for Healthcare
Thanks for the suggestion, @eyu906. I've just started working on a piece on that topic: Over the next week or so, I'll be interviewing execs about the opportunities and challenges wearables create for healthcare providers, insurers, et al, in terms of data. Obviously, these devices generate a LOT of information -- info that could be incredibly useful -- but that's also incredibly time-consuming unless organizations figure out efficient, automated ways to analyze it and discover actionable nuggets. So please keep visiting InformationWeek.com to look for this story later in May.

What other information do you want to see from a story like this?
Jim_Manousos
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Jim_Manousos,
User Rank: Apprentice
5/18/2014 | 9:17:15 PM
Re: Big Data Strategy
Allison, There are a lot of data out there.  My team processes over 1.5 billion medical claims annually into our warehouse and then blends it with 30 years of social, business and educational connections to fingerprint healthcare providers.  It not only allows you to understand how they practice and the type of patients they treat but it allows you to understand why they treat the way they do and who influenced them to treat that way.  This allows identifying outbreaks of anything on a daily basis, patient's diagnosis with a rare disease for trial recruitment and so many other issues that the uses are endless.  Since all the data is HIPAA compliant, there are never any issues.  The more people that learn to utilize these data the better.  This will save untold lives.

Our data is cleaner than the other data you have mentioned since it we standardize and uniquely identify all physicians as the records flow through our process.  We are just starting to delve into the tweets and blogs of physicians and combing through the text to pull those gems out.  I am sure this will be much more of a challenge.
Alison_Diana
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Alison_Diana,
User Rank: Author
5/19/2014 | 9:36:59 AM
Re: Big Data Strategy
@Jim - Thanks for sharing your team's story. Fascinating how you've incorporate social, business, and educational connections to focus on how and why clinicans practice in the way they do. I'm really interested, too, into your inclusion of social media, specifically providers' tweets and blogs. Are you also looking to partner with some of the healthcare-specific social media sites?

Sounds as though one way in which you separate yourself from competitors is by how 'clean' your data is. I'd think, too, with the inclusion of social and the ability to provide big data analytics you're also differentiating via the breadth, depth of data? What other ways do organizations like yours compete, especially as this is such a hugely attractive market for investors and entrepreneurs right now! 
Jim_Manousos
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Jim_Manousos,
User Rank: Apprentice
5/19/2014 | 1:57:18 PM
Re: Big Data Strategy
Our team already works with Doximity in the social space and we have supplied them with much of their initial data.  Most of our revenue is in the clinical trial recruitment and KOL identification spaces.  We look at healthcare as a big jig saw puzzle and have a lot of fun helping our customers putting all the pieces together.
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