Prior to beginning work on this assignment,
Read Chapter 5 and review Chapter 4 of your textbook, Business Intelligence, Analytics, and Data Science.
Read the webpage, Predictive analytics in healthcare: 7 ways to save time and money
Review the videos, Introduction to predictive analytics and its applications in business management and Types of business analytics (descriptive, predictive, and prescriptive).
Researchers, managers, and CEOs of healthcare organizations use predictive analytics to determine the application of information gleaned from data and the best practices to implement. In other words, predictive analytics aids in decision making processes associated with, “what to do next.” Using historical data to predict future trends in administrative and clinical care provides management with the best possible solutions during abrupt and long-term decision-making processes. During the strategic planning process, organizations use descriptive analytics, but predictive analytics are important during the strategic planning amendment processes.
Regression analysis is one of the most used tools for predictive analytics. This allows researchers to determine relationships between variables using a mathematical equation that predicts possible outcomes when/if variables change. Singular linear regression is expressed by two variables and multiple regression is expressed by three or more variables.
For this week’s assignment, you are tasked with researching predictive analytics and its application to the healthcare delivery system.
In your paper,
Explain why predictive analytics could be applied to your chosen topic and what could be accomplished.
Describe what comes next and provide a detailed action plan with the methodology used, such as data mining, statistics, or artificial intelligence.
Define any ethical and legal consequences regarding the use of data mining, statistics, or artificial intelligence.
Describe four possible benefits of applying predictive analysis to your chosen topic. Examples might be cost reduction, improved positive patient outcomes, and acquiring new patients.
Analyze two pros and two cons associated with the application of predictive analytics in the healthcare delivery system.
Explain how predictive analytics provides applicable data during a healthcare organization’s strategic planning process.
The Applications of Predictive Analytics within Strategic Planning Processes paper
must be four to five double-spaced pages in length (not including title and references pages) and formatted according to APA Style as outlined in the Writing Center’s APA Formatting for Microsoft Word resource.
must include a separate title page with the following in title case:
title of paper in bold font
Space should appear between the title and the rest of the information on the title page.
student’s name
name of institution (The University of Arizona Global Campus)
course name and number
instructor’s name
due date
must utilize academic voice. Review the Academic Voice resource for additional guidance.
must include an introduction and conclusion paragraph.
Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.
For assistance on writing Introductions & Conclusions and Writing a Thesis Statement, refer to the Writing Center resources.
must use at least three scholarly or peer-reviewed sources published in the past 5 years in addition to the course text.
The Scholarly, Peer-Reviewed, and Other Credible Sources table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source.
To assist you in completing the research required for this assignment, review Quick and Easy Library Research tutorial, which introduces the University of Arizona Global Campus Library and the research process, and provides some library search tips.
must document any information used from sources in APA Style as outlined in the Writing Center’s APA: Citing Within Your Paper guide.
must include a separate references page that is formatted according to APA Style as outlined in the Writing Center.
Review the APA: Formatting Your References List resource in the Writing Center for specifications.
