IHS Data Analysis for Performance Improvement Consulting

Our team will work closely with you to assess the effort level and appropriate tools and techniques needed to help you achieve your objectives on time and under budget. Data Analysis for Performance Optimization is a service involving the unique ability of IHS consultants to mine through large volumes of your in-house data and enrich it with IHS macroeconomic and industry data and econometric models to extract key findings that will improve your operations. Clients gain fact-based insight into customer or government benefit recipient behavior, enabling them to improve their performance, products or programs.

Use our services to:

• Identify key drivers you can use to simulate future events and their impact on your programs and products
• Incorporate the impact of economic change into your business or policy strategies in key areas, such as loss measurement, capital requirements, fraud detection, and risk ranking
• Identify and drive efficient and effective improvements in every operational area, including financial performance, customer relations, supply chain management, cost management and strategic planning

Benefits:

IHS Performance Improvement Through In-Depth Data Analysis enables you to:

• Understand why your results were achieved and predict what will happen next
• Adhere to department or agency budget constraints while improving the delivery of your product or program
• Challenge and exceed the status quo of how your department or agency operates
• Drive efficiencies by cutting waste and eliminating unnecessary procedures

 Client Challenge:

How does our business data reflect economic changes? Are we extracting as much information as we can from the data we collect? Does our data support or challenge conventional wisdom? Are our performance benchmarks linked to economic forecasts? Do we use third-party economic and industry data to explain and predict changes to our business?

IHS Consultants can help you via:

• Prospective insights and business simulation
• Risk analysis, measurement and management
• Performance measurement and improvement
• Transparency and transferability
• Policy analysis
• Model validation and verification
• Model and economic benchmarking
• Data and text mining
• Econometric and statistical analysis
• Model design development
• Pricing strategy

See Case Study #1

 Client Challenge:

How can our agency reduce fraud, waste, and abuse?

IHS Consultants can help you:

• Identify and mitigate fraud through predictive fraud analytics based on having the right information at the right time
• Implement a model that automatically surfaces providers and claimants for additional security based on characteristics and patterns consistent with prior incidents of fraudulent activity or known outliers

See Case Study #2

 Client Challenge:

How long is a typical recovery for selected disabilities?

What is the optimal timeframe in which a selected disability might exhibit medical improvement? Who is likely to appeal an initial denial of a medical disability claim? How could I better manage my disability caseload to reduce management costs?

IHS Consultants can help you:

• Facilitate the management of disability programs by uncovering the hidden value in disability data
• Implement sophisticated, data-backed business solutions to identify trends, patterns and relationships, so that your agency can focus on key program and policy issues

See Case Study #3

Case Study:Efficiency Gains and Savings of $60 Million per Year

Challenge: In light of decreased funding, the Social Security Administration's (SSA) Division of Continuing Disability Review Support needed an improved process for reviewing its growing caseload.

Solution: IHS Consulting developed multiple tools to help the client streamline caseloads, foremost a customized model for identifying individuals unlikely to recover and, therefore, in need of review.

Results: The SSA's Division of Continuing Disability Review Support saved $60 million dollars per year of spending on unnecessary case reviews.