Market Intelligence: AI and Advanced Analytics in Top 25 Academic Medical Centers
The client is a $500 million global technology and services company that helps its customers develop software-driven solutions to improve customer experience and improve processes.
New market research
As a part of their healthcare market offerings strategy, the client was looking at target top academic medical centers (AMC) with advanced analytics offerings to enable clinicians and caregivers with insights at the point of care
Damo Consulting was engaged to conduct a detailed research project on advanced analytics/predictive modeling/AI programs currently being undertaken at the top 25 academic medical centers In addition, the client also needed to gain an understanding of major ongoing predictive analytics initiatives being funded by public health institutions such as NIH, CMS, and CDC.
Approach & Results
Damo Consulting identified the top 25 AMCs based on listed in U.S News rankings of hospitals and health systems. Working closely with the client, we outlined the research objectives to identify critical attributes of advanced analytics programs currently in flight in major AMCs. The research focused on a few key dimensions:
- Medical conditions targeted by each AMC for predictive analytics
- Funding patterns and funding sources for analytics initiatives
- Partnerships/Collaborations for launching and running advanced analytics programs
- Organizational structure and models to drive advanced analytics and research
The final research report included the major findings of our research on AMCs and other health systems looking to launch and expand advanced analytics programs. The research also looked at key analytics programs at major public heath institutions namely the CDC, NIH, and CMS. Additional info included funding levels for each program, source of funds, key individuals involved in the research, and published results of publicly funded research. We provided a set of recommendations along with key messaging elements for potential service offerings targeting AMCs to support their ongoing research and expand the same for commercial applications. The engagement was carried out over a two-month period.