New IBM Software Helps Analyze the World's Data for Healthcare Transformation - PR Newswire - sacbee.com
New IBM Software Helps Analyze the World's Data for Healthcare Transformation - PR Newswire - sacbee.com
LAS VEGAS, Oct. 25, 2011 -- /PRNewswire/ -- IBM (NYSE: IBM) today introduced new software for the healthcare industry to help health care providers and payers improve patient care and reduce costs. The new software offering uses content analytics similar to what is found in IBM's Watson technology.
Seton Healthcare Family is the first client to adopt and use the technology, called IBM Content and Predictive Analytics for Healthcare. The solution will allow healthcare organizations to extract relevant clinical information from vast amounts of patient data to better analyze the past, understand the present, and predict future outcomes.
By combining IBM's Watson technology with industry solutions offerings, Seton intends to focus the new content and predictive analytics solution on the root causes of hospital readmissions, and ways it can decrease preventable multiple hospital visits.
According to the New England Journal of Medicine, one in five patients suffer from preventable readmissions, which represents $17.4 billion of the current $102.6 billion Medicare budget.* Beginning in 2012, hospitals will be penalized for high readmission rates with reductions in Medicare discharge payments.** Read more: http://www.sacbee.com/2011/10/25/4005175/new-ibm-software-helps-analyze.html#ixzz1boe0WyNN
LAS VEGAS, Oct. 25, 2011 -- /PRNewswire/ -- IBM (NYSE: IBM) today introduced new software for the healthcare industry to help health care providers and payers improve patient care and reduce costs. The new software offering uses content analytics similar to what is found in IBM's Watson technology.
Seton Healthcare Family is the first client to adopt and use the technology, called IBM Content and Predictive Analytics for Healthcare. The solution will allow healthcare organizations to extract relevant clinical information from vast amounts of patient data to better analyze the past, understand the present, and predict future outcomes.
By combining IBM's Watson technology with industry solutions offerings, Seton intends to focus the new content and predictive analytics solution on the root causes of hospital readmissions, and ways it can decrease preventable multiple hospital visits.
According to the New England Journal of Medicine, one in five patients suffer from preventable readmissions, which represents $17.4 billion of the current $102.6 billion Medicare budget.* Beginning in 2012, hospitals will be penalized for high readmission rates with reductions in Medicare discharge payments.** Read more: http://www.sacbee.com/2011/10/25/4005175/new-ibm-software-helps-analyze.html#ixzz1boe0WyNN
posted by Susheel Ladwa at 10:32 AM
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