Data Analytics

In essence, business intelligence needs to transcend data, structure and process and be not just a precise science but also a well-integrated art.

Data analytics can transform workers' comp, but only if handled right. A key is producing an analytics delivery system that is self-documenting.

Some still measure the quality of analytics by the quality of dashboards and reports, but effective use of analytics is much more than a pretty visualization.

The future of analytics is even more promising than most can imagine -- it is already igniting innovation and change at carriers.

The seemingly unlimited potential to identify analytics applications, combined with recent M&A activity, creates openings for new market leaders.

Who will take the first step forward in offering a new model? If the traditional providers don’t, then companies outside our industry will. 

Accurate and complete data is the only practical way to advance to the next levels of medical management and cost control. Management--not the IT department--must ensure data quality.

Predictive analytics is the tool that will help risk managers make better claim reduction decisions and produce actionable items with real cost savings now and in the future.  |