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ThroughSimilarityBasedMachineLearning
HealthcareandLifeScienceinstitutionsaredatadrivenbynatureandtheneedto
focus their efforts on turning information into positive outcomes is crucial. The
amount of information needed to accurately recommend a prescription, monitor
diabetes, track the readmission ofa patient,determine patient outcomes,manage
medicationandsupplyormanagetherevenuecycleofaninstitutionistoogreatto
beprocessedmanually.Theavailabilityofpredictivedataanalyticsmeansthatvast
quantitiesofinformation neededcanbe processedwithoutturningtospreadsheets
and human inputting of numbers, which greatly reduces risks and empowers
institutions to make better analysis, recommendations and predictions than ever
before. However, with the proliferation of medical devices, sensors and the
availability of data from EMRs, the deluge of unstructured data is very prevalent,
causing traditional analyticmethodstostruggleinprocessing and extracting value
fromthedata.
While existing Machine Learning algorithms can predict the future with great
accuracy, neither do they tell you what will cause an event nor why. In a Sector
(likeHealthcareand Life Sciences) whereeventheslightestmarginoferrorcanbe
perilous, whatweneedisatoolthatcannotonlyprovidepredictionsbutalsojustify
thepredictionsandprovidingthereasoningbehindtheprediction(theWHY).
Tools that adapt and evolve with the data and possess the dexterity to retrieve
quantifiable information and predictions that are transparent, justifiable and
understandablearerequired.
Variousapplicationexamplesinclude, butarenotlimitedto:
PrecisionMedicine,
Managing and predicting sugar level spikes to analyze diabetes, Patient
Outcomes&ReadmissionMonitoring,MedicationManagement,Financeand
Revenue Cycle Management, Healthcare Fraud and Abuse Detection,
BiotechAnalysisandDrugDiscovery.
HealthcareandLifeScienceApplications
ThesimMachinestechnologyisideallysuitedtomeettherigorousrequirementsin
thehealthandlifesciencemarkets.Clinicalapplicationsinclude:
IdentifyingPatientsatRiskToImprovePatientManagementatLowerCost
PredictPatientAdherenceIssues
PrecisionMedicine
MedicationandSupplyManagement
ComparativeEffectivenessDrugandDevices
PostSurgeryTraumaandInfectionPrevention
Providerandpayorandintegratedprovider/payorapplicationsinclude:
IdentificationHealthcareFraud,AbuseWaste
PatientOutcomes
Customer/PatientEngagement
PopulationHealthManagement
ProviderNetworkManagementandComparativeEffectiveness
Lifescienceapplicationsinclude:
DrugTargetandDiscovery
IndicationDiscovery
ClinicalTrialPatientSelectionandDataAnalysis
AdverseDrugEventAnalysis