The state of healthcare analytics and key considerations for selecting a cloud-based solution

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info@damoconsulting.net
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

2. About DAMO Consulting, Inc.
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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.

3. Thought Leadership and Publications
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4. 1 White Paper: The State of Healthcare Analytics – Damo Consulting, Inc, April 2015
The State of Healthcare Analytics1
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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

5. FINANCIAL
DATA
OPERATIONAL
DATA
CLINICAL
DATA
IMAGES 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
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6. 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
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7. 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
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8. 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
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9. Cloud based Analytics - Considerations
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10. 10CONFIDENTIAL. NOT TO BE DISTRIBUTED WITHOUT PERMISSION
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 !

11. Evaluating and Selecting a Cloud Analytics Vendor
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SECURITY &
COMPLIANCE
CAPABILITIES 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

12. High Level Vendor Selection Process
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Vendor
Scorecard
Identify key stakeholders
Understand and document your
Analytics requirements
Assemble a vendor evaluation team
Develop a Vendor Scorecard
Identify and Evaluate Vendors

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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

14. 14CONFIDENTIAL. NOT TO BE DISTRIBUTED WITHOUT PERMISSION
One Lincoln Center
18W140 Butterfield Road
Oakbrook Terrace,
Suite 1500
Oak Brook, Illinois, 60181
info@damoconsulting.net
www.damoconsulting.net
+1 630 613 7200
603/11/A, 19th Main Road,
2nd Floor, Sector 2, HSR
Layout, Bangalore 560 102
India