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From data to insights to action!

What just happened? What will happen next? And what should we do about it? You ask those questions in different ways every day and your plan’s future is always in the balance. In an environment where the risk-reward equation keeps getting tighter, data doesn’t help. Insight does. The engine that can turn your data into insight is analytics.

Analytics becomes more powerful the more it functions as a strategic enabler. It’s a business function that needs to take its cues from the bottom line—not just business-aligned, but business-led. Like any business function, analytics is a resource you should direct where it’s most effective. Instead of trying to know everything, start with the most critical issues—for example, patient engagement or treatment efficacy—then mine the available data for what it can teach you.

Is this the way you exploit your financial, clinical and consumer data today? Do you know not only how to enroll a lot of members, but also how to enroll the ones who most closely match your business objectives? And do your know how to serve consumers in a way that cements their loyalty? Have you built these expectations into your culture and daily processes?

A business function earns its keep when you hold it accountable for the return it generates. When approached with the right mindset, analytics has the potential to pass that test many times over.

See Thinking forward for more insights on this issue.

Thinking forward

  • Analytics: Turning insights into action
    Using analytics to extract insight from data is the first step toward identifying and owning the best customers—engaging their loyalty, improving clinical outcomes while reducing costs, and making the most of your organization’s efficiency.
  • Organizing for analytics in health care
    A key to promoting sustainable enterprise excellence can lie in the organization’s ability to harness the potential of clinical systems that can drive insights that enable informed decision making.
  • A view from the Center: Emerging practices in health care analytics
    Leading practices in the health care provider space have grown out of health care providers that really are what’s called an “integrated delivery system”. There’s one in particular that really has led the way as to how do you deliver tomorrow’s health care today, and they really do that with analytics.

Watch, listen and learn

  • Life sciences and health care deal activity: Is M&A here to stay?
    Register for the November 11 webcast.

Dig deeper

  • Health Sciences Practice
    Industries we serve.
  • Deloitte Center for Health Solutions
    Health care insights start with research.
  • Health Care Current
    Read this week's summary.

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