3M Uses Informed Analytics and MicroStrategy to Enhance Healthcare Cost Management
Customer Company Size
Large Corporate
Region
- America
Country
- United States
Product
- Informed Analytics
- MicroStrategy
Tech Stack
- MicroStrategy
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
- Customer Satisfaction
- Productivity Improvements
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
About The 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.
The 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.
The 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.
Operational Impact
Quantitative Benefit
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