IBM Content and Predictive Analytics for Healthcare

Transform healthcare by putting data to work, revealing clinical and operational insights 2 IBM Content and Predictive Analytics for Healthcare Every single day, modern medicine delivers miracles. Across the world, millions of people benefit from routine medications, procedures and therapies that extend and improve life in ways that would have been thought impossible a decade ago—or pure magic a century earlier. And yet, the healthcare industry is clearly in transition. For all its stunning successes, the industry still struggles with consistency. For example, 1.5 million patients in the United States are harmed annually by errors in the way that medications are prescribed, delivered and taken. 1 At the same time, the industry is staggering under the burden of skyrocketing costs while an estimated USD700 billion is spent every year on administrative and clinical waste, fraud and abuse. 2 The message is undeniable: there must be a better way. But that challenge also contains an opportunity for powerful and positive change. The key? Unlocking the transformative power of the vast and growing stores of information already at the fingertips of healthcare organizations so that they can make it accessible, driving more informed decision making and improved outcomes. Despite the careful information collection practiced by healthcare organizations, a startling four-fifths of critical healthcare data is effectively left out of the decision-making process. This portion is the 80 percent of data that is unstructured: 3 doctors' and nurses' notes, discharge summaries and more. Accessing and analyzing this form of information has proven to be arduous, time-consuming and—for most healthcare organizations—prohibitively expensive, resulting in it being omitted from critical decision making. In 2010, Enterprise Strategy Group reported that healthcare data will grow 35 percent each year through 2015, which will only exacerbate the problem. 4 To help healthcare enterprises reverse this situation and take full advantage of previously untapped data to optimize clinical and operational decision making and outcomes, IBM introduces IBM® Content and Predictive Analytics for Healthcare. IBM Content and Predictive Analytics for Healthcare is designed to be the first solution to complement and leverage IBM Watson™, a groundbreaking IBM computing system that rivals a human's ability to evaluate a hypothesis, learn from additional evidence and confidently respond to complex questions posed in natural language with speed and accuracy. IBM Content and Predictive Analytics for Healthcare is the first industry-specific analytics solution to enable organizations to analyze the past, see the present and …