The use of healthcare analytics is an important step towards providing value to the transformation; this is taking place in the use of big data to assess areas of cost, innovation, productivity, and safety. These areas create value in the healthcare organizations as executives and leaders seek advanced decision-making metrics. Based on the aforementioned benchmarks the use of the Health Analytics Continuum and the Value Life Cycle will create increase in both data quantity and quality in any chosen hospital department (clinical, operations, or financial).
For this discussion you are to choose one area for the Healthcare Value Framework and one from the Value Life Cycleand discuss how each adds to the overall Healthcare Analytics Framework based on your chapter readings and current scholarly articles. Your discussion should be no more than 300 words in length.
The Healthcare Value Framework (Davenport, 2014).
The Value Life Cycle (Davenport, 2014).
Guided Response: Review your peers’ posts and provide a substantive response to at least two of your classmates’ posts by Day 7. A substantive response is a respectful, professional, and unique response that is at least five sentences in length and incorporates the following:
- Highlights the key points of what you have learned from your peer’s post.
- Adds your content knowledge.
- Compares and contrasts.
- Provides further research.
- Is topic-related.
Monitor the forum through Day 7 to allow for robust dialogue.