Wednesday, 10 June 2015 15:06

Yellowfin partners with Proskriptive to service US healthcare market

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Yellowfin partners with Proskriptive to service US healthcare market Image courtesy of Stuart Miles, freedigitalphotos.net/images

US-based data science company, Proskriptive, has integrated its predictive and prescriptive data models for the healthcare industry into the Business Intelligence platform of Australian BI provider Yellowfin.

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.

The platform will be delivered as a fully managed service, hosted on Microsoft Azure, on a subscription basis.

Proskriptive’s new cloud-based healthcare analytics platform for the US market is 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.

Yellowfin general manager for North America, Justin Wright, said the partnership with Proskriptive makes it easier for healthcare professionals to manage patient care via an accessible, highly flexible, and scalable solution that works in conjunction with a client's existing data, analysis, and management systems.

“Together, Proskriptive and Yellowfin can help healthcare professionals track, report and analyse things such as Population Health, Likelihood of Hospitalisation, 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.”

Michael Hollenbeck, Proskriptive CEO said mandates from the US federal government are “quickly transforming the role of healthcare providers in the United States.”

“The Department of Health and Human Services has said that 85% 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.”

Justin Richie, Proskriptive VP of Technology said that 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.”

According to Richie, 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 visualised 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.”

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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