Liveblogging the 15th ITERA Conference Nashville (3)-Tod Fetherling, CEO, Perception Health

Liveblogging the 15th ITERA Conference Nashville (3)-Tod Fetherling, CEO, Perception Health

This is the afternoon keynote, Day 1.

“The Future of Analytics” — will speak on these topics, among others:

  • Today is the anniversary of the founding of the Internet, today in 1969 (07 April 1969), ARPANET
  • The future of anlaytics begins in the network and begins today!
  • Tesla just announced “Omnimics” Fetherling’s term–the state of knowing before you think it

In Nashville, has HIT (Health Information Technology) Workforce Accelerator, has online option

Started his company in August 2014; manage 4B records; 170M more each month

“Be ready for that first job; you will probably get a lot of curve balls you haven’t seen yet.”

Nashville has 1500 open IT jobs now; needs “everyone here in the room” to come to work¬†in Nashville

Sometimes when you look at data, it’s the simple things that matter (obvious anomaly, for example)

Do the right things; do them right (Right Things/Things Right);

Predictive health analytics in 10 years may save more lives than physician interventions

The promise of Big Data; “you have to present information on Big Data about three times to top executives before they really get it”

  • don’t believe it
  • like the other vendor better
  • maybe yours is better

“Six Honest Serving Men” by Rudyard Kipling

  1. What,
  2. Where,
  3. When,
  4. How,
  5. Why,
  6. Who

CCD, health record on iPhone (more secure than most office health systems); also on android

Too many hospitals in USA; most health care can be outpatient and more and more telehealth.

Advice: put $1000 in HSA and $100 month the rest of their life; you would not have to worry about health care costs the rest of your life

Health insurance, average $14,000 annually for health insurance; in general employer $1000/month; employer $12,000 employee $4,000 a year.

New health care paradigm: informed, money-driven, transparent; not like now, bundle payment around medical episode

Where innovation comes from: small groups

Analytics:

  • Descriptive (statistics, “the old science”)
  • Predictive
  • Prescriptive (this is the future)

“Asking the Right Questions = Gain Understanding and Wisdom”

Health Data types:

  • CCDA – Comprehensive Clinical Document Architecture
  • CCD – Continuity of Care Document
  • ADT Admission, Discharge, Transfer
  • 837/835 claims
  • Clinical Notes
  • Biometrics (API’s)

Three opportunities for companies:

  1. PHR (Personal Health Records) (individual)
  2. EHR (Electronic Health Records) (community)
  3. EMR (Electronic Medical Records) (proprietary) [today’s bad guys, since they don’t want records to move]

Need to curate the data:

  • Compiling the Data is Step 1
  • Quality of the Data
  • Magnitude of the Data
  • Usefulness of the Data
  • TImeliness of the Data

Do I have the right data?

  • check the sum
  • validate against known answers
  • do quality check early on in the process
  • create a “golden” dataset

Data Governance:

  • 9 steps of data governance model–has slide on this (3 layers: People & organization/Rules of engagement/Processes)
  • audit of usage (should you be seeing the data?)

Good book called “Doodle”

Data Visualizations:

Shows ecosystem map of hospital market; then quadrant analysis of this; the technology has shrunk how fast someone can do strategy now; we are thinking of how to explain markets to people

Tools (Prepare Data: (use Notepad; Excel; Monarch; SPSS [IBM bought them; now expensive] use R–open source); Databases:

Characteristics of Big Data (describes data sets so large & complex they are impractical to manage with traditional software tools)

Volume/Variety/Velocity>>Complexity

“Big Data relates to data creation, storage, retrieval and analysis that is remarkable in terms of volume, velocity, and variety”

CRISP-DM model

“If you can write it, you can code it”

Predictive Modeling; found good results with Random Forrest model

More opportunities for you, in this era, than I had when I was in your position.

 

 

 

 

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