Healthcare & Life Sciences
Healthcare and Life Science providers are operating in an intensely competitive market globally. Squeezed margins, increasing regulatory mandates and increasing awareness among patients are pushing healthcare organizations to leverage new technologies to deliver more cost-efficient and convenient care to patients. DecisionTree can help healthcare and life science providers by improving the way clinicians make decisions about their patients by having all the information displayed on an electronic dashboard, while cutting costs for the organization as well. We also help with patient hand-off, both within and across all types of healthcare organizations across the country, by providing firms access to all records. We can also help you improve patient outcomes by leveraging behavior analytics to modify their lifestyles and health choices. We enable maximizing efficiency and business expansion by reducing administrative costs, tracking fraudulent and incorrect payments, and keeping track of physicians’ prescription behavior.
Patient Relationship and Behavior Analytics
About 69% of the total costs are influenced by patient behaviors and patient engagement is a crucial step towards promoting changes in patient behavior. Our behavioral analytical solutions can tap the organization’s workflow to track employee behavior , analyze and drive the best behavior and workflows for specific departments, create a 360-degree view of the patient and provide insights on how clinicians treat, interact or communicate with patients. It will let you gain the trust of your patients and also provide data on how to elevate the patient experience.
Interactive Healthcare Dashboards
Interactive decision-support tools such as healthcare dashboards have become an essential tool in outcomes improvement. DecisionTree experts will help you get a clear view of your data by creating intuitive dashboards that can track KPIs, obtain real-time information, helping managers and clinicians make better decisions. They provide quick and insightful answers in an easy-to-understand visual format. With real-time dashboard displays, clinicians can visualize present and future conditions and enable quicker course correction. They also enable easy accessibility of critical information in a timely and relevant manner.
Healthcare and Life Science providers are facing an unprecedented pressure to maintain financial solvency, deliver efficient care and reduce back-office expenses associated with receiving payments. By integrating predictive analytics and BI technologies, DecisionTree can help you improve your Revenue Cycle Management by streamlining the clinical and financial systems and uncovering the issues behind revenue cycle delays. This approach will allow you to be more proactive by discovering patterns and trends, predict future revenue generation opportunities and allow for quick turnaround on delayed reimbursements and claims.
Product Insights And Prescription
Businesses, which are armed with prescriptive analytics, are able to improve their confidence in business outcomes. We use machine learning techniques to predict the prescribing behaviors of physicians and use those insights to help your representatives tailor their interactions to engage the physicians and drive sales. Our experts will aggregate and analyze prescription data, monitor to see if the physician recommends a certain treatment more or has a preference for a competitor’s product and also analyze their touchpoints & conversations surrounding a certain product.
Pharmaceutical companies spend thousands of dollars on marketing their products, but they would get more bang for their buck if they armed their sales force with analytics, which can help them to target spending and drive improved ROI. Instead of lengthy doctor visits, sales reps can be armed with information such as doctors' tastes, geographic trends, and peak prescription rates. It can enable more on-the-ground marketing efforts by determining which consumers and physicians are most likely to utilize a drug. Please refer to our sales analytics solutions for more details.
Using retail analytics on loyalty card data, a leading pharmacy retail company increased transactions by 15% and clocked 30% rise in average ticket size for loyalty card holders.
Sales at a leading US-based marketplace seller soared 1.5 times, while operating margins registered a 50% increase after changes were made to its pricing algorithm.
Retail giant registered 18% revenue growth by using analytics-driven targeted marketing.