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Highlight the benefits of employing analytics for healthcare decision-making.

Week 3A – Assignment: Explore Statistical Methods for Addressing Healthcare Management and Operation Scenarios

Instructions

As part of the effort to increase your organization’s reliance on data for planning, operation, and management, you plan to hire two senior data analysts to your data analytics team. To strengthen your case, you decided to write a memo to further demonstrate the power of predictive analytics to your organization’s board. In this memo, be sure to address the following:

1. Highlight the benefits of employing analytics for healthcare decision-making.

2. Demonstrate the utility of predictive analytics for healthcare decision support.

a. For this demonstration, review six healthcare research studies (studies provided in this week’s resource) and provide a summary in the table shown below. Incorporate this table in your memo.

b. Make your table entry as comprehensive as possible while being succinct.

Table 1. Statistical Methods Template

Study problem

Study purpose

Predictive Analytic Technique Used

What data was used for the prediction

Time Duration, if applicable

Finding

1

2

3

4

5

6

Length: 2-3 pages, not including title and reference pages

References: Include a minimum of 7 scholarly resources.

The completed assignment should address all of the assignment requirements, exhibit evidence of concept knowledge, and demonstrate thoughtful consideration of the content presented in the course. The writing should integrate scholarly resources, reflect academic expectations and current 7th EDITION APA standards.

Week 3B – Assignment: Plan Data Collection Effort for Informed Decision Making

Instructions

There are times when you do not have internal data to inform your organizational growth and performance. In such cases, you will have to either collect your own data or look externally for data. These data can serve as a baseline for your strategic goals and objectives.

Part 1:

To ensure that your organization builds a solid data program, you have decided to provide the implementation team with a plan for the type of data needed. Based on your reading for the week, populate the table below with information that you deem most appropriate.

As the table shows, highlight two clinical, two operational, two financial, and two benchmarking data that your stakeholders are interested in capturing at this time.

Table 2. Template for Informed Decision Making

Data Category

Strategic measures

Stakeholders

Source of data

Type of data (units)

Provide examples of measures that align with the data categories:

Players or actors interested in this measure (e.g., board, leadership, providers, patients, regulatory agencies, etc.)

Survey, Interviews, external organization (government, etc.)

Number, Percentage, Rate, Incidence, Prevalence, etc.)

Clinical

Clinical

Operational

Operational

Financial

Financial

Benchmarking

Benchmarking

Part 2:

Provide a brief narrative of the process you took to get the information you used to populate the completed table. Also, provide your rationale for the source of data and the type of data you identified in the table.

Length: 1-3 pages, including 1 table, not including title and reference pages

References: Include a minimum of 4 scholarly resources.

The completed assignment should address all of the assignment requirements, exhibit evidence of concept knowledge, and demonstrate thoughtful consideration of the content presented in the course. The writing should integrate scholarly resources, reflect academic expectations and current 7th EDITION APA standards.