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Analytics in Healthcare and the Life Sciences: Strategies, Implementation Methods, and Best Practices by Thomas H. Davenport, Dwight McNeill

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1. An Overview of Provider, Payer, and Life Sciences Analytics

Thomas H. Davenport and Marcia A. Testa

The healthcare industry is being transformed continually by the biological and medical sciences, which hold considerable potential to drive change and improve health outcomes. However, healthcare in industrialized economies is now poised on the edge of an analytics-driven transformation. The field of analytics involves “the extensive use of data, statistical and quantitative analysis, explanatory and predictive models, and fact-based management to drive decisions and actions.”1 Analytics often uses historical data to model future trends, to evaluate decisions, and to measure performance to improve business processes and outcomes. Powerful analytical ...

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