These decisions are helping us advance our company’s mission to improve the health of the community. Simply put, you can’t manage what you can’t measure, but with robust data, analysis, and metrics, it becomes easier to make the most informed decisions. Validate the next best action to achieve desired change.This involves using techniques, tools, and systems that help: One of our main objectives in using data analytics is to enable our company leaders and stakeholders to make evidence-based decisions that are transparent, verifiable, and robust. The simplest definition of data analytics is the science of identifying patterns in data and gaining insights from that data. So, what exactly is data analytics, and how do health insurance companies like Independence Blue Cross (Independence) use it to make informed and innovative decisions to power better health care? You Can’t Manage What You Can’t Measure You have probably seen the term “data analytics,” but if you don’t work in this field, you may not be sure what it means or how it works.
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