Case Studies 3M Uses Informed Analytics and MicroStrategy to Enhance Healthcare Cost Management

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	3M Uses Informed Analytics and MicroStrategy to Enhance Healthcare Cost Management

3M Uses Informed Analytics and MicroStrategy to Enhance Healthcare Cost Management

Technology Category	Analytics & Modeling - Predictive Analytics Analytics & Modeling - Real Time Analytics Application Infrastructure & Middleware - Data Visualization
Applicable Industries	Healthcare & Hospitals
Applicable Functions	Business Operation Quality Assurance
Use Cases	Remote Patient Monitoring
Services	Data Science Services System Integration
Challenge	3M faced the challenge of efficiently analyzing health insurance data to better understand the healthcare needs of insured populations. They needed a solution that could identify patients at risk of needing expensive treatments and provide proactive services to reduce future health problems. Additionally, 3M required a platform that could support a large multitenant environment with low administrative overhead, automate administrative tasks, and allow multiple tenants to share content while accessing personalized data securely. Read More
About Customer	3M is a diversified technology company with a global presence, known for its innovative solutions across various industries. In the healthcare sector, 3M provides advanced analytics solutions to health insurance companies and providers. Their Informed Analytics solution helps these entities understand and forecast healthcare costs, identify at-risk patients, and offer preventive care services. With a strong focus on improving healthcare outcomes and reducing costs, 3M leverages cutting-edge technology to deliver actionable insights and enhance the efficiency of healthcare services. Read More
Solution	3M selected MicroStrategy as their analytics platform due to its ability to support a large multitenant environment with minimal administrative overhead. MicroStrategy's robust end-user self-service capabilities, combined with strong security features, made it an ideal choice for 3M. By implementing MicroStrategy, 3M was able to automate administrative tasks and enable multiple tenants to share content while accessing their own personalized data. The platform significantly improved the speed of report generation, reducing the time from minutes to seconds and cutting down the runtime of large reports from five hours to just seven minutes. This enhanced efficiency allowed 3M to provide timely and accurate insights to health insurance companies and providers, helping them make informed decisions and improve patient care. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Predictive Analytics

Analytics & Modeling - Real Time Analytics

Application Infrastructure & Middleware - Data Visualization

Applicable Industries

Healthcare & Hospitals

Applicable Functions

Business Operation

Quality Assurance

Use Cases

Remote Patient Monitoring

Services

Data Science Services

System Integration

Challenge

3M faced the challenge of efficiently analyzing health insurance data to better understand the healthcare needs of insured populations. They needed a solution that could identify patients at risk of needing expensive treatments and provide proactive services to reduce future health problems. Additionally, 3M required a platform that could support a large multitenant environment with low administrative overhead, automate administrative tasks, and allow multiple tenants to share content while accessing personalized data securely.

About Customer

3M is a diversified technology company with a global presence, known for its innovative solutions across various industries. In the healthcare sector, 3M provides advanced analytics solutions to health insurance companies and providers. Their Informed Analytics solution helps these entities understand and forecast healthcare costs, identify at-risk patients, and offer preventive care services. With a strong focus on improving healthcare outcomes and reducing costs, 3M leverages cutting-edge technology to deliver actionable insights and enhance the efficiency of healthcare services.

Solution

3M selected MicroStrategy as their analytics platform due to its ability to support a large multitenant environment with minimal administrative overhead. MicroStrategy's robust end-user self-service capabilities, combined with strong security features, made it an ideal choice for 3M. By implementing MicroStrategy, 3M was able to automate administrative tasks and enable multiple tenants to share content while accessing their own personalized data. The platform significantly improved the speed of report generation, reducing the time from minutes to seconds and cutting down the runtime of large reports from five hours to just seven minutes. This enhanced efficiency allowed 3M to provide timely and accurate insights to health insurance companies and providers, helping them make informed decisions and improve patient care.

Impact #1	3M achieved significant improvements in report generation speed, reducing the time from minutes to seconds.
Impact #2	The runtime of one of their largest reports was cut down from five hours to just seven minutes.
Impact #3	MicroStrategy's robust end-user self-service capabilities allowed 3M to provide personalized data access to multiple tenants securely.

Impact #1

3M achieved significant improvements in report generation speed, reducing the time from minutes to seconds.

Impact #2

The runtime of one of their largest reports was cut down from five hours to just seven minutes.

Impact #3

MicroStrategy's robust end-user self-service capabilities allowed 3M to provide personalized data access to multiple tenants securely.

Benefit #1	Report generation time reduced from minutes to seconds.
Benefit #2	Large report runtime decreased from five hours to seven minutes.

Benefit #1

Report generation time reduced from minutes to seconds.

Benefit #2

Large report runtime decreased from five hours to seven minutes.

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Overview

3M Uses Informed Analytics and MicroStrategy to Enhance Healthcare Cost Management

Operational Impact

Quantitative Benefit