St. Luke's Health System is preparing for a new care model that will deliver better value at a lower cost. To fully drive the changes we seek to implement, we need meaningful, actionable data in new forms. This requires a partnership with a company that is equally innovative, that understands and shares our vision, and that can do things others so far have been unable to do. We have found that partner in WhiteCloud Analytics.
Read on to learn from WhiteCloud CEO Bob Lokken about our shared accomplishments, and how we are making the previously impossible a reality.
Data, data, data. We have data everywhere, and as Epic and other technologies continue to bring health care data into the digital age, we are only just beginning the collection of data.
It has been estimated that from the dawn of civilization until the year 2003, humankind created about five exabytes of data; and that now we generate that much data every two days. An exabyte is a quintillion, or 10 to the 18th power. That’s a lot of data.
Much has been written recently about the emerging field of data analytics. What does data analytics have to do with St. Luke’s Health System’s transformational vision of the Triple Aim? The answer is pivotal.
Data holds tremendous promise to illuminate insights, speed reaction times, enhance learning, predict outcomes, and drive transformational change. But with the tremendous volumes of data we are generating, and the speed and complexity of transformation, we have stretched traditional technologies to the limits of their effectiveness.
Traditional technologies, such as spreadsheets and reports, will continue to play a supporting role in decision-making. However, new and improved technologies are required to deal with our fast-paced, data-overloaded world.
This is where data analytics shine. Consider the following scenarios:
Science is based on observation and experimentation. Throughout history, whenever advances in technology allow us to see things not previously visible, there follows an explosion of learning. Examples include the microscope, radar, and magnetic resonance imaging.
Analytic technologies provide a lens through which we can see into the digital world and begin to harness the power of the data we have only just begun collecting. This technology ranges from automating tasks that could have been manually performed if there were only enough time to do so, all the way to advanced machine learning algorithms that can scan billions of records in seconds to identify patterns and insights buried within.
This new generation of technology holds the power to mitigate the information overload and data deluge with which we struggle today. Instead, we can give people the right data at the right time, and enable quick and easy access to the information, patterns, and insights that really matter.
David C. Pate, M.D., J.D., is president and CEO of St. Luke's Health System, based in Boise, Idaho. Dr. Pate joined the System in 2009. He received his medical degree from Baylor College of Medicine in Houston and his law degree from the University of Houston Law Center.