Knoxville, TN (PRWEB) July 29, 2014
PYA congratulates affiliate company, PYA Analytics, for its recent feature cover story in the July/August 2014 issue of the Physician Executive Journal of Medical Management from the American College of Physician Executives. “Big Data: Understanding the Pros and Cons of Big Analytics,” is authored by PYA Analytics leaders Kent Bottles, MD (Chief Medical Officer and PYA Principal), Edmond Begoli, PhD (Chief Technology Officer), and Brian Worley, PhD (President and CEO).
The article explores how the explosion of data can be analyzed to develop actionable correlations that hospital and medical groups can use to address pain points such as length of stay, re-admissions, and hospital-acquired infections. These correlations can help hospitals and medical groups cut per-capita costs and increase the quality of the care they provide. The development of cloud computing makes it economically feasible for small systems and organizations to utilize predictive analytics without investing millions of dollars in data-warehousing projects.
Despite economically attractive opportunities for entry, the authors also explain some of the pitfalls that often trip up unsophisticated analysts. Predictive analytics can be a powerful tool, but the complexity of the approach must be appreciated and taken into account.
“There is a mountain of electronic data out there awaiting meaningful analyses,” said PYA President Ed Pershing. “With our launch of PYA Analytics a year ago, we broadened the firm’s capabilities with state-of-the-art analytic processes. This ACPE article demonstrates the many important applications of data analytics, and PYA Analytics’ ability to utilize the world’s most advanced tools and resources to serve not only the healthcare industry, but also businesses and government in addressing their most challenging issues.”
About PYA Analytics
An affiliate company of PYA (Pershing Yoakley & Associates, P.C.), PYA Analytics provides data analytics, modeling and simulation, and management consulting to clients in healthcare, business, government, and nonprofit organizations. PYA Analytics’ world-leading computational scientists team with PYA’s experienced healthcare consultants who assist with implementing practical analytical models that improve quality and reduce costs.
For over three decades, PYA has provided timely insight and strategic support, helping clients thrive in the midst of rapid change. PYA is ranked by Modern Healthcare as the nation’s tenth largest privately held healthcare management consulting firm, serving clients in 48 states from offices in Atlanta, Kansas City, Knoxville, Nashville, and Tampa Bay. For more information, visit http://www.pyapc.com/.