PYA Announces New Analytics Affiliate Company
Pershing Yoakley & Associates and a former Oak Ridge National Laboratory (ORNL) research director have launched a new company that´s bringing “big data” solutions to healthcare, business and government.
Knoxville, TN (PRWEB) May 07, 2013
Brian Worley has joined with PYA in forming its fifth affiliate company, PYA Analytics, LLC. Worley, the new firm’s CEO and president, was director of the Computational Science and Engineering Division at ORNL. PYA, with offices in Atlanta, Kansas City, Knoxville and Tampa Bay, is ranked by “Modern Healthcare” as the nation’s 11th largest privately held healthcare consulting firm.
PYA President, Ed Pershing, who also serves as chairman of the new company, said PYA Analytics is both a next step and a quantum leap in the firm´s use of state-of-the-art analytic processes.
“At PYA, we are always striving to provide valued resources to our clients,” he said. “In the early 1990s we began using data analytic tools to assist clients in improving operating performance. Those successful efforts led us in 2000 to establish Healthcare Horizons Consulting Group, which currently serves a number of Fortune 100 companies and is the industry leader in utilizing data analytical tools to audit large volumes of health claims without relying on sampling techniques which often are unreliable.
“PYA Analytics represents the third generation in our ever evolving role as thought leaders in healthcare analytics. Brian´s dedicated leadership at the Oak Ridge National Laboratory formed a foundation on which PYA Analytics can build a lasting relationship with ORNL, a long-term goal of our company.”
The company is drawing on former ORNL talent. In addition to Worley, Edmon Begoli, former chief architect for knowledge discovery infrastructures at ORNL, is joining PYA Analytics as Chief Technology Officer, and Tom Ballard, former ORNL Director of Partnerships, will serve as Chief Operating Officer. Kent Bottles, MD, a nationally known speaker and physician executive that recently joined PYA, is serving as medical director.
“Billions of new electronic records and data are available, and the ability to process them on all scales of computers puts powerful new tools into the hands of even the smallest businesses, practice groups, and hospitals,” Worley said. “With the information we gather, we then can do simulation modeling to indicate the cost and effectiveness of prevention or intervention programs.”
Pershing said data analytics holds great promise for curbing the spiraling costs of state Medicaid programs. For the past two years, Worley and Begoli have worked with the Centers for Medicare & Medicaid Services to develop an infrastructure that addresses the current and future big data needs of the national healthcare systems.
“Containing Medicaid costs is a key to the success of healthcare reform,” Pershing said. “Data analytics may be the tool that can actually break — not just bend — the Medicaid cost curve by looking beyond waste and fraud to the demand for care, how it is accessed, and to education and preventative strategies.”
Pershing Yoakley & Associates, founded in 1983, is a professional services firm specializing in healthcare and business consulting, tax, audit, valuation services, and public policy. In its Atlanta, Kansas City, Knoxville, and Tampa Bay offices, PYA has approximately 180 staff members serving more than 2,200 clients in the U.S. and the Virgin Islands. Other PYA-affiliate companies are Realty Trust Group, PYA Waltman Capital, Healthcare Horizons Consulting Group, and Bluegill Creative.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2013/5/prweb10704264.htm