Symphony Analytics, a division of global innovation and development services company, Symphony Teleca Corporation (STC), today announced Health SymMetrics™, a new analytical framework that enables hospital administrators and clinicians the ability to gain in-depth views of hospital operations to address clinical outcomes, revenue cycle optimization and operating efficiencies. The company will reveal the framework at the 2014 HIMSS Annual Conference & Exhibition, booth # 883-7, February 23 27, 2014, in Orlando, Florida.
With the healthcare data revolution fully underway, health systems and health plans are increasingly looking for ways to harness analytics to drive patient care and improve the bottom line. These organizations are sitting on tons of data and, faced with increasing regulatory pressures and margin compression, there is a growing demand for adopting smart analytics tools and frameworks that allow for doing more with less.
Health SymMetrics™ is an easy-to-deploy, cost-effective, cloud-based framework that can analyze multiple clinical and operational areas, delivering users the insights they need to improve patient outcomes as well as financial returns. Focusing on targeted intervention and population health management strategies, Symphony Analytics’ Health SymMetrics™ framework enables clients the ability to identify areas where efficiencies can be improved − a key element in reaching fiscal goals while advancing quality of care.
"Symphony Analytics’ predictive models helped us target our population by stratifying patients based on their risk profiles which enabled us to develop a focused intervention strategy," said Domenic Segalla, CFO of Newark Beth Israel Hospital. "The team did an excellent job sifting through and analyzing our in-patient admissions data and providing us with the broad insights we needed for immediate impact on revenues and costs."
"We've seen an incredible transformation in healthcare in the recent years due to regulation, advancements in technology and abundance of data, and with that comes certain challenges for healthcare organizations," said Paddy Padmanabhan, SVP and Global Practice Leader, Healthcare, Symphony Analytics. "As a cloud-based service, the Health SymMetrics™ framework allows us to provide cutting-edge data analytics in a way that's flexible, cost-effective and easy-to-deploy. It helps our clients rapidly gain actionable insights that are critical for survival and growth in today's market."
About Symphony Analytics
Symphony Analytics (symphony-analytics.com) is one of the largest analytics process integrators and a pioneer in decision sciences and modelling services, helping enterprises to integrate predictive analytics directly into key business processes. Its deep domain expertise in core vertical markets, such as retail and brands, financial services and healthcare, and its partnerships across Big Data and Predictive Analytics eco-systems, bring best-in-class services and solutions to its clients. Symphony Analytics is part of Symphony Teleca Corporation, a fast growing global company with over 6,000 employees in over 32 offices worldwide, including delivery centers in Asia, Australia, Europe and the Americas.
About Symphony Teleca
Symphony Teleca Corporation (symphonyteleca.com), headquartered in Mountain View, Calif., is a global innovation and development services company. The company offers ideation, design, development and managed services to independent software vendors, mobile device and solutions manufacturers and the connected, analytics-driven enterprise. Clients leverage their partnership with Symphony Teleca to deliver innovative SaaS/Cloud enterprise software products, mobile software products and solutions, big data and analytic services and solutions, and enterprise mobility solutions. Symphony Teleca is a fast growing global company with over 6,000 employees in over 32 offices worldwide, including delivery centers in Asia, Australia, Europe and the Americas.
Media contact: Katie Kennedy, Version 2.0 Communications
P: +1 617-426-2222 - E: kkennedy[.]v2comms.com.