O'Reilly logo

Global Business Analytics Models: Concepts and Applications in Predictive, Healthcare, Supply Chain, and Finance Analytics by Hokey Min

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

8. Healthcare Analytics

8.1 Healthcare Analytics as an Emerging Discipline

For the past few years, healthcare spending in the United States has been accelerating rapidly. For instance, compared to the same quarter in 2014, healthcare spending in the U.S. rose by 4.9%, while the economy grew by 2.3%, according to the Commerce Department (Whitman 2015). There are a multitude of factors fueling this cost rise, including (1) the Patient Production and Affordable Care Act of 2010, which overhauled the U.S. healthcare system and mandated health insurance for nearly 17 million previously uninsured people; (2) a greying population, which increased the cost of government-funded Medicare and Medicaid programs; (3) an increase in the price of drugs (especially ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required