Viva The Revolution in Predictive Analytics! A Shameless Parody of Bogart’s “Treasure of Sierra Madre” and Hemingway’s “Old Man & The Sea.”

Okay, I poke fun at the rising elite of consulting, i.e. those involved with predictive analytics or “the revolution in analytics.” Yet it raises serious issues around the capabilities and limitations of certain kinds of analytical modeling.  I am, by the way, a “fan” of quantitative methods …so keep smiling kick back and have a Corona. The…

Predictive Analytics – Reducing Risk of Heart Attack Mortality During Hospital Stays

 OVERVIEW: Performance analytics provide the empirical basis for the strategic and tactical management of healthcare outcomes.  As discussed in the referenced JAMA study, for every percentage increase in the guideline adherence rate in hospitals there was an equivalent decrease in the likelihood the patients treated would die before discharge.  Ironically, in the 350 hospitals studied,…

Performance, Risk, Complexity & All That Jazz

What do we mean by “performance?”  It’s not a philosophical question to ponder over a Starbucks.  The world is awash with complexity and uncertainty. It’s show time, folks. Performance? Are your expectations realistic?  Better yet, are your expectations relevant?How do you know? We know from ecology that some entities – fish, fauna, football teams, multi-nationals –  become…