The use of healthcare analytics is an important step towards providing value to the transformation; this is taking place in the use of big data to assess areas of cost, innovation, productivity, and safety.
These areas create value in the healthcare organizations as executives and leaders seek advanced decision-making metrics.
Based on the aforementioned benchmarks the use of the Health Analytics Continuum and the Value Life Cycle will create increase in both data quantity and quality in any chosen hospital department (clinical, operations, or financial).
For this discussion you are to choose one area for the Healthcare Value Framework (MEDICAL COST REDUCTION) and one from the Value Life Cycle(VALUE REALIZATION) and discuss how each adds to the overall Healthcare Analytics Framework based on current scholarly article.
Refernce
Thayer, C., Bruno, J., and Remorenko, M. (2013). Using data analytics to identify revenue at risk. Healthcare Financial Management Association.
No paper format and only 300 words needed.