Health Care

Hospitals and health systems collect reams of valuable data but most lack the means to analyse these enormous data sets in ways that enable them to find the right solutions to their most pressing financial and clinical challenges. Analysing clinical data at a very detailed level can help to identify areas for improvement and, through the use of predictive modelling, help to bring necessary changes to fruition. Turning big data into information offers the opportunity to fundamentally change health care to improve clinical outcomes and to manage scarce resources, such as clinicians’ time.

However, the magnitude and complexity of the challenge require more than cursory analysis. NERA’s Health Care and Life Sciences team combines post-graduate qualifications in economics, econometrics, predictive modelling, and statistics with extensive health care consulting experience. We use this expertise to give clients the analytics and evidence they need to effect necessary tactical as well as strategic changes. Our work, particularly our analysis of longitudinal patient-level data and our simulation modelling, enables clients to facilitate more productive and fact-based conversations with clinicians when planning needed service changes.

NERA’s recent work in this field has resulted in identifying more than £2m of actual cost savings for a health economy near London. NERA’s Health Care and Life Sciences Practice is truly global and covers the full range of litigation, regulatory reform, public policy, and business strategy questions that arise in this complex industry.