When Dr. Robert Schultz started his presentation to the Board of Directors of the hospital, he was not too confident on the outcome. After all, as his Chief Financial Officer had pointed out, it was not easy to convince the Board to allow an increase of nearly 10 percent in their capital expenditure budget. While it was true that the hospital was making large strides in population health management,
Population health management (PHM) is moving forward at a very rapid pace, due to the shift in healthcare priorities and related business models coupled with the ever increasing cost of healthcare and helped by the emergence and utilization of big data analytics.
Before we get to the issue of how population health management works,