“Put the Power of Predictive Analytics in the Hands of Clinical Researchers” Filippos Katsampouris Marketing Manager Healthcare & Pharmaceutical Accounts The Power of Predictive Analytics Put the Power of Predictive Analytics in the Hands of Medical Researchers Exploring & Utilizing Organizational Experience DATA: Strategic asset of every organization. It represents aggregate experience Predictive Analytics: taps this rich vein of experience, mining it to automatically generate predictive models. RESULT Acting upon the insight gained provides organizations with an unprecedented opportunity for growth and development; evolving to Predictive Enterprises. Put the Power of Predictive Analytics in the Hands of Medical Researchers Boundless wave of new applications Although the term Predictive Analytics is usually used in Business Applications, new innovations continue to expand the applications’ range. Now including: Supply Chain Optimization Human Resource Management Proactive Healthcare Marketing (by predicting health risk) Science Engineering Medical Diagnosis Pharmaceutical (drug discovery) applications Put the Power of Predictive Analytics in the Hands of Medical Researchers Predictive Analytics in Healthcare Predictive Analytics Solutions deliver the knowledge & insight organizations need in order to discover new medical procedures, streamline efficiencies and reduce costs – resulting in better care for patients around the world. Predictive Analytics enable healthcare organizations to: • Support clinical research • Improve disease management • Monitor the quality of patient care • Improve operational efficiency • Maintain accreditation • Combat healthcare fraud • Protect public health Put the Power of Predictive Analytics in the Hands of Medical Researchers Predictive Analytics in Healthcare Predictive Analytics Solutions deliver the knowledge & insight organizations need in order to discover new medical procedures, streamline efficiencies and reduce costs – resulting in better care for patients around the world. Predictive Analytics enable healthcare organizations to: • Support clinical research • Improve disease management • Monitor the quality of patient care • Improve operational efficiency • Maintain accreditation • Combat healthcare fraud • Protect public health Put the Power of Predictive Analytics in the Hands of Medical Researchers Handle Massive Amounts of Data analyze the best available external evidence find more effective ways to treat patients develop new treatment protocols Put the Power of Predictive Analytics in the Hands of Medical Researchers Benefits improve decision making identify patient care problems test procedure validity Put the Power of Predictive Analytics in the Hands of Medical Researchers …in the hands of Clinical Researchers Put the Power of Predictive Analytics in the Hands of Medical Researchers WRI Achieves Better Patient Outcomes The Wesley Research Institute conducts research aimed at discovering, testing and refining new techniques for better diagnosis and treatment of illness and disease. PA helps WRI link science, medical research and clinical practice: By using statistical analysis to evaluate the range of factors influencing the success of medical treatments, doctors can pro-actively modify protocols to improve the quality of care. Put the Power of Predictive Analytics in the Hands of Medical Researchers WRI Achieves Better Patient Outcomes (Cont’d) Cardiology Section • 4 years of data • 2000 patients • 350 variables per patient RESULTS Faster more accurate diagnoses Fewer side effects New treatment options Put the Power of Predictive Analytics in the Hands of Medical Researchers CRI Optimizes Treatment & Enhances Clinical Outcomes Centerstone Research Institute conducts clinical research for the benefit of individuals with mental illness. PA helps CRI provide clinicians with accurate guidelines around the efficacy of various treatments for mental health disorders, in order to improve patient outcomes and contain costs: By compiling and modeling data from patient experiences, clinical outcomes and other sources. Put the Power of Predictive Analytics in the Hands of Medical Researchers CRI Optimizes Treatment & Enhances Clinical Outcomes (con’d) Clinical researchers incorporate direct feedback from patients into their treatment models. RESULT Took evidence-based medicine a step further towards practice based evidence, delivering more personalized medicine. Put the Power of Predictive Analytics in the Hands of Medical Researchers LifeScan Improves Product Quality LifeScan, a J&J company, is a leading maker of blood glucose monitoring systems for people with diabetes. PA helps LifeScan analyze laboratory and clinic testing data to gain actionable insight into manufacturing processes in order to produce a high volume disposable product: By using analytics to continually assess product quality throughout the manufacturing process. Thus, allowing any defects to be identified quickly and corrected before the product is released into full production. Put the Power of Predictive Analytics in the Hands of Medical Researchers LifeScan Improves Product Quality (con’d) • 4 billion test strips • 20.000 different data points • 5.000 lots of strips every year RESULTS 5% increase in the number of batches that passed release testing Better performing product due to a more accurate and less time consuming manufacturing process Put the Power of Predictive Analytics in the Hands of Medical Researchers Thank You Filippos Katsampouris Marketing Manager Healthcare & Pharmaceutical Accounts