Tag: Business & Finance

Assignment Prompt & Instructions

Prior to beginning work on this assignment,
– Read Chapter 6 and review Chapter 5 of your textbook, _An Overview of Business Intelligence, Analytics, Data Science, and AI_
– Read the webpage, [_Predictive analytics in healthcare: 7 ways to save time and money_Links to an external site.](https://itrexgroup.com/blog/predictive-analytics-in-healthcare-top-use-cases/)
– Review the videos, [_Introduction to predictive analytics and its applications in business management_Links to an external site.](https://www.youtube.com/watch?v=EXUhdZODKCI) and [_Types of business analytics (descriptive, predictive, and prescriptive)_Links to an external site.](https://www.youtube.com/watch?v=bajBth_C4w4).
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.
Example Topics: (Note: you may choose another topic not listed)
– Financial forecasting
– Improving patient engagement
– Enhancing cybersecurity
– Preventing readmissions
– Managing population health
– Staffing needs
– Early detection of drug interactions
– Likelihood of patients returning after a surgery
– Number of patients that do not show for appointments.
– Patient responses to various treatments
In your paper, The topic I chose is Early detection of drug interactions
– 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_Links to an external site.](https://writingcenter.uagc.edu/apa-style) as outlined in the Writing Center’s [_APA Formatting for Microsoft Word_Links to an external site.](https://writingcenter.uagc.edu/apa-formatting-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_Links to an external site.](https://writingcenter.uagc.edu/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_Links to an external site.](https://writingcenter.uagc.edu/introductions-conclusions) and [_Writing a Thesis Statement_Links to an external site.](https://writingcenter.uagc.edu/writing-a-thesis), 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_Links to an external site.](https://content.bridgepointeducation.com/curriculum/file/e5359309-7d3c-4a21-a410-44d59303ccef/1/Scholarly%20Peer-Reviewed%20and%20Other%20Credible%20Sources.pdf) 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_Links to an external site.](https://ashford.mediaspace.kaltura.com/media/Ashford+University+Library+Quick+%27n%27+Dirty/0_bcsbcjee) 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_Links to an external site.](https://writingcenter.uagc.edu/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_Links to an external site.](https://writingcenter.uagc.edu/format-your-reference-list) resource in the Writing Center for specifications.