By Monica E. Oss, Chief Executive Officer The executive team with the better data can make better decisions, assure better outcomes for consumers, improve staff and customer satisfaction, and deliver more value to payers (see Great Leaders Make Great Decisions, But How?). But how? We’ve talked about descriptive analytics (looking at historical data and scorecards) and predictive analytics (the use of data, algorithms, and machine learning to identify the likelihood of long-term future outcomes based on historical and demographic data). But the next generation is “adaptive analytics.” Currently, 70% of health systems are still using descriptive analytics or retrospective data to understand what has already happened. Predictive analytics remains a largely…
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