Managing Healthcare costs with Business Intelligence

#AskTheCEO Podcast

Connect with DataDx on the Azure Marketplace: https://bit.ly/3aYRTwC Kate Othus is the CEO of DataDx, a company that provides the insights medical practices need to achieve long-term and sustainable business results. Kate is interviewed by Tyler Cohen Wood, an 18+ year veteran of the Cyber Intelligence industry and healthcare entrepreneur. As part of this discussion, we shared how their partnership with Microsoft, their use of Azure, and the Azure Marketplace has empowered them to scale and grow their business. Web: https://datadx.com/ LinkedIn: https://www.linkedin.com/company/datadx/ Twitter: @DataDxInsights Instagram: @DataDxInsights Azure Marketplace: bit.ly/3aYRTwC Contact Tyler: Web: http://www.tylercohenwood.com/ Twitter: @TylerCohenWood Contact Avrohom: Web: https://asktheceo.biz Facebook: AvrohomGottheil Twitter: @avrohomg Instagram: @avrohomg INTERVIEW HIGHLIGHTS: [00:41] When it comes to digital transformation, we typically think of large enterprises and global corporations. But really, every sized business is going through a digital transformation in their own unique way. Since your business focuses on individual medical practices, what are some of the challenges that doctors and small and medium healthcare providers face when trying to go digital? Kate: That's a great question, Tyler. Healthcare, in general, is experiencing significant challenges, especially right now. Predicting volumes and effectively managing operations to meet those changes is a struggle. Having appropriate cash and inventory reserves to sustain any changes in practice patterns, is another. And in addition, there are a lot of clinical initiatives that are changed, due to policy regulations and whatnot. And sometimes, even the thought of a digital transformation is quite daunting and quite expensive for healthcare businesses. So, they struggle to afford it. It does force them; however, to continue to operate on antiquated, and sometimes, even analog systems. Those issues end up compounding into one pretty incredible issue, which is, the inability for healthcare at large to predict and calculate the cost per unit of care. So, as patients, when we go to consume care, we often walk in not knowing what it's going to cost. Whether that's to the doctor or for a hospital visit. [02:57] DataDx recently launched a new offering on the Microsoft Azure marketplace to address some of the challenges we just discussed. Tell us about it. [06:36] What are the key drivers for success in a pediatric practice? [08:06] How would a healthcare provider use your solution with Azure? [08:30] How can customers find out more about the DataDx solution, and procure it through the Azure Marketplace? Kate: You can access it at https://bit.ly/3aYRTwC. [09:01] How has partnering with Microsoft helped DataDx scale and grow your business? [10:12] How do people connect with you? Kate: You can connect with us on our website at https://datadx.com/. We’re also on social media. You can connect with us on LinkedIn at https://www.linkedin.com/company/datadx/ and on Twitter and Instagram at @DataDxInsights. [10:39] How can people find out more about Microsoft partnership opportunities for healthcare partners? Kate: For more information, you can send an email to [e-mail]. [10:58] Do you have any parting words of wisdom that you’d like to share with the audience? [12:12] What inspired you to build DataDx? #AskTheCEO with Kate Othus