September 29, 2021

Paul Boal: Healthcare Price Transparency 9/17/2021

TDWI St. Louis’ first LIVE event of 2021. If you missed it, watch the video below for Paul Boal’s presentation!

Healthcare costs in the United States account for 18% of the GDP and climbing. More than half of all bankruptcies are attributed at least in part to unexpected medical expenses. What individual patients and insurance companies pay for the same service at the same hospital can vary by many multiples. The healthcare industry has some of the least understood economics, but that’s beginning to change.  Beginning with new regulations for hospitals in January 2021 and continuing with follow-on regulations for health insurance carriers in 2022 and 2023, federal regulations are requiring transparency in the pricing of healthcare service fees, insurance premiums, and coverage.  The implementation of these first regulations has been a data engineer’s worst nightmare! No standards. No consistent data model or domains. No governance.  As usual, “there’s gold in them-thar hills,” though. In this session, we’ll discuss what some in the industry are doing to standardize this data, the insights they’re gaining, and the impact they’re having on reducing the cost of healthcare for all.

Heres a little bit about Paul:

Paul Boal is Vice President of Innovation and Product Development at healthcare consultancy, Amitech Solutions. Paul has 20 years of experience with healthcare information management, analytics and operational solutions including the development and implementation of enterprise strategies across a range of disciplines including enterprise data management, master data management, data warehousing and business intelligence, data science, automation, and custom applications. In addition to his role at Amitech and position as an adjunct professor at both Washington University and St. Louis University, Paul’s passion is for giving healthcare companies the tools they need to adapt to an evolving industry where data, analytics and automation are increasingly crucial for business optimization, innovation and transformation.

Leave a Reply