a dvanced m edical d evices, i nc. advanced decision modeling, llc optimized strategic and...
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Advanced Medical
Devices, Inc. Advanced Decision
Modeling, LLC
OPTIMIZED STRATEGIC AND OPERATIONAL DECISION MAKING
© 2012 Advanced Decision Modeling LLC. All Rights Reserved.
CONFIDENTIAL, TRADE SECRETS OF ADVANCED DECISION MODELING, LLC
THE ADVANCED DECISION MODELING SYSTEM
ADM MODELS ENHANCE STRATEGIC DECISION MAKING:
Hospitals, Health Systems and Academic Medical Centers
Private Medical Practices
Clinical Research Centers
Technology Transfer Centers
Life Science Private Equity Funds (VC and LBO)
THE ADVANCED DECISION MODELING SYSTEM
HEALTH CARE AND LIFE SCIENCE DECISION MAKERS NEED HELP
Hospitals, Health Systems, Academic Medical Centers and Private Practice Groups need help making rationale decisions:
Evaluating provider performance and quality Setting effective provider compensation paradigms Recruiting primary care and specialist physicians and groups Performing practice valuations and acquisitions Developing and managing Accountable Care Organizations (ACO), Pay for Performance (P4P) protocols Making effective resource allocation and HR decisions Managing the business aspects of medical practice
Physicians and Patients need help making rationale decisions:
Treatment selection Hospital and provider selection Health insurance product selection Using the evidence based literature in medical practice
CURRENT APPLICATIONS
HEALTH SYSTEM AND PRACTICE MANAGEMENT
Physician Productivity Assessment
Physician Performance Improvement and Quality Measurement
Provider Compensation Decisions and Negotiation
Provider Recruitment Planning
Practice Valuation and Acquisition Analysis
Resource Allocation Decisions
CHALLENGE
Health care decisions are complex
Decision makers must understand and synthesize:
Sophisticated and oftentimes ambiguous internal and external information
Preferences, concerns and experience on key decision criteria and objectives
The complexity of the process is magnified by the need to make tradeoffs among competing objectives
ADVANCED DECISION MODELING, LLC MODELS
Built on the Expert Choice™ Platform (Expert Choice, Inc. Arlington, Virginia)
Provides the optimal system for strategic decision making in the health care delivery spaces
Based on the Analytical Hierarchy Process
(AHP) mathematical method developed at the Wharton School of Business for use in strategic decision making
STRATEGIC DECISION MAKINGEVERY DAY EXAMPLES OF THE NEED FOR
PROCESS IMPROVEMENT
Balancing your checkbook
Managing your investments
Buying a house
Process Improvement tools in everyday life: Quicken Microsoft Money
GOAL
Synthesize:
Factual Data Qualitative Judgments and Intangible Factors
Produce efficient, rational decisions that tolerate uncertainty and minimize bias
MODEL STRUCTURE
The models are constructed by defining the goal and structuring a non-linear
The decision is de-composed into objectives and sub-objectives
Each level of the model reflects a redefinition of problem
elements with increasing specificity
Decisions are reduced to component elements that are readily organized and analyzed
AHP MODEL STRUCTURE
BED RMSBED RMS
BUY A HOUSEBUY A HOUSE
Goal
LOCATIONLOCATION TYPETYPEPRICEPRICE SCHOOLSSCHOOLS
HOUSE 2HOUSE 2HOUSE 1HOUSE 1 HOUSE 3HOUSE 3
Objectives (Multiple Levels)
AlternativesData Measurement&Synthesis &Resource Alignment
BATHSBATHS
MODEL STRUCTURE
The models lead the user through a series of judgments on the objectives and sub-objectives
The judgment process is generally based on the relative importance
or preference that the user ascribes to objectives and sub-objectives Judgments are made utilizing the pairwise comparison method
whereby individual decision factors are compared as isolated elements related to a common parent
RATIO SCALE ANALYSIS
Judgments can be made verbally, numerically or graphically
Expert Choice derives Ratio Scale Priorities by calculating the principle right eigenvector of the reciprocal matrix of pairwise judgments
From multiple pairwise comparisons, the user’s experience and intuition are synthesized with objective data to yield effective strategic decisions
MODEL STRUCTURE
Graphical sensitivity analysis enables the user to adjust priorities to see the effect of changes in judgments on the overall ranking of decision alternatives
Inconsistency ratio analysis enables the user to test the mathematical accuracy of judgments within the model to identify and correct:
Clerical errors in entering judgments Lack of concentration Inappropriate use of extremes
Resource alignment allows the user to optimize resource allocation, organizational performance and capital budgeting strategies
Advanced Medical
Devices, Inc. Advanced Decision
Modeling, LLC
PLATFORM DEMONSTRATION
ORTHOPEDIC SURGERY PROTOTYPE MODEL
PHYSICIAN PERFORMANCE ASSESSMENT AND RESOURCE ALLOCATION
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