April 09, 2015 | CHICAGO, Illinois

New Teradata Analytics Solution Enables Data-Driven Healthcare

Next-Generation Analytics Framework integrates data to help reduce costs, drive incentives, build value-based models, enhance care

Teradata, the big data analytics and marketing applications company, today announced the newest analytic innovation for healthcare companies. The Teradata® Healthcare Analytics Framework enables healthcare payers and providers to harness new analytical capabilities to reduce costs, improve customer engagement and incentives, better coordinate quality care and support risk-finance transparency.

The Teradata Healthcare Analytics Framework is based on powerful new capabilities in the Teradata Unified Data Architecture™, the Teradata Healthcare Data Model, and Teradata’s healthcare applications from the  Teradata Aster® Appcenter. These applications include analytics for Paths to Surgery, Admission Diagnosis Procedure Paths, Patient Affinity, Patient Compare, Impact Analysis, and Drug Prescription Affinity Analysis.

Healthcare organizations continue to rely on Teradata solutions to drive significant benefits as the industry shifts to value-based reimbursement models, according to Teradata’s data-driven healthcare clients. In a healthcare payer video case study posted to Teradata.com, a spokesperson said the information in the data warehouse is used to drive down costs and improve quality. The data also is used to develop different types of incentives, different types of reimbursement models, and different contracts which together, improve member satisfaction. At the heart of the new framework is the Teradata Unified Data Architecture, which integrates three platforms—the Teradata Portfolio for Hadoop, Teradata Aster Data Discovery, and Teradata Integrated Data Warehouse (IDW) — into a comprehensive analytics solution that enables fast, deep, and powerful data management, exploration and business insight.

"The healthcare sector is investing significantly in BI and analytics, as the technologies are important enablers of success in accountable care delivery. Most providers have had mixed results from past investments, and are intensifying their efforts to select strong tools that deliver actionable results from analytics," according to Judy Hanover, Research Director at IDC Health Insights. "Analytics can help hospitals and health systems improve visibility into risk, financials, and customer engagement."

"More timely analytic insight and customer communications have powerful benefits that enhance multiple dimensions of intelligence around patient care," said Scott Sobers, Director, Healthcare and Life Sciences Industry Marketing, Teradata. "For instance, a healthcare organization that seeks to conduct proactive intervention to help prevent re-admissions can be a challenge. Today, the process takes too long; it’s inefficient and costly. With the Healthcare Framework in place, organizations can reduce unnecessary re-admissions – better serving patients and ensuring a more economical process for the business."

Teradata’s momentum continues in the health care industry as companies look for more powerful database analytics to help them thrive in the midst of cost pressures, significant competition and the changes driven by health reform.

Teradata will be joining medical and business professionals, data analysts, and technologists at the HIMSS Annual Conference and Exhibition in Chicago April 12-16. Learn more about the power of Teradata to transform healthcare organizations by visiting our exhibits in the Clinical & Business Pavilion at booth 5484 and the Health IT Value Suite at booth 4891

Relevant News Links

About Teradata

Teradata empowers companies to achieve high-impact business outcomes. Our focus on business solutions for analytics, coupled with our industry leading technology and architecture expertise, can unleash the potential of great companies. Visit teradata.com.

Teradata and the Teradata logo are trademarks or registered trademarks of Teradata Corporation and/or its affiliates in the U.S. and worldwide.
MEDIA CONTACT:
Mike O'Sullivan
Teradata Corporation
Telephone: (937) 242-4786
E‑mail: mike.osullivan@teradata.com