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Mu Sigma has a dedicated healthcare practice which helps leading companies in a dynamic and constantly changing healthcare environment. Healthcare providers realize the importance of accurate information to drive strategic planning, profitability and outcomes as well as to identify trends and areas of improvement. But they constantly face the challenge of interpreting inconsistent data in different formats from multiple sources. Operational silos pose a challenge to enterprise-wide teamwork and the lack of time and intellectual capital to design necessary improvements prevents organizations from leveraging their data to take optimal business decisions. The expense of acquiring skilled resources with unique expertise is also a limiting factor. Our analytics, data management and reporting services for healthcare companies address all these challenges and prevent financial leaks in cost structure and claims processes.

 

The Healthcare delivery system is a complex value chain with multiple stakeholders who have different objectives as illustrated below.

 
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Our analytics team knows what to look for, where to find it, and how to fix the problems that break your bottom line. Our service portfolio includes:

 

  • Business Process Assessment & Optimization: Understand what's working, what's not and how to get the highest return on your investment.
  • Financial Performance: "Follow the money" from claims submission to payment and recovery and plug the leaks that drown your bottom line.
  • Data Warehousing: Manage your data effectively with data modeling, conversion, requirements analysis, analysis and reporting.
  • Clinical Performance: Understand which treatments yield superior results and which need work.
  • Member Analytics: Understand the populations you serve.
  • Charge Analysis & Cost Diagnostic: Get to the bottom of your cost structure to understand where your money's going and if it's well spent.
  • Predictive Modeling: See not just what's happening now, but what it will mean down the road.
  • Fraud Detection & Prevention: Find and prevent fraudulent charges both large and small.
  • Decision Support: Get the information you need to make the right choices.
  • Custom Databases: Build the database that works for your organization.

 

Our Value Proposition

 

We will transform your mountains of data into knowledge you can use to optimize core processes, improve outcomes and get ahead of emerging trends. Our analysts and services will help your organization:

 

  • Aggregate, rationalize, and manage your data
  • Get a single view of multiple data sources
  • Bring important patterns and trends into sharp relief
  • Use data strategically to improve outcomes, optimize performance, and understand insured populations
  • Significantly reduce costs by choosing to offshore data production
  • Optimize your service delivery
  • Identify new business opportunities

Mu Sigma Healthcare Analytics Solution portfolio addresses various pain-points of the healthcare space

 
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For more details please contact us at healthcare@mu-sigma.com
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