According to new market research report published by MarketsandMarkets, we get to know that Healthcare Business Intelligence (BI) market (estimated at $2,376.6 Million in 2013), is expected to reach $4,738.2 Million by 2018, growing at a CAGR of 14.8% from 2013 to 2018. Cloud BI and mobile BI have a great market growth potential as mobile usage is growing in the healthcare community. Based on end application, the market growth will be mainly driven by clinical applications. North America will dominate the market and is also expected to grow at the highest CAGR during the forecast period.

To read more, visit the following link: http://www.marketwatch.com/story/healthcare-business-intelligence-bi-market-worth-47-billion-by-2018-2014-05-12

Anaplan, a cloud-based company, announced that it has joined the Workday Solution Partner Program. Workday is a provider of enterprise cloud applications for human resources and finance. Anaplan will provide Workday Financial Management and Workday Human Capital Management (HCM) customers with enhanced modeling capabilities combined with budgeting and planning intelligence.

Read more at: http://www.marketwatch.com/story/anaplan-joins-workday-solution-partner-program-to-offer-customers-enhanced-budgeting-planning-and-modeling-capabilities-2014-05-12

It is of no doubt that Big Data is transforming businesses greatly. But, this advantage is compromising a big issue. Have you guessed it?

Well, as Big Data is growing day by day, privacy and legal concerns have cropped in. So, does that mean you will stop using Big Data? If you do, you will surely fall behind your competitors because this data is now a resource which any marketers can use to gain competitive advantage.

While handling Big Data, the fundamental thing you have to keep in mind is data anonymity that will help you to avoid and tackle privacy and legal problems with Big Data.

To manage risks associated with it, you can follow the guidelines from the Information Commissioner’s Office (ICO) which includes a Code of Practice on Anonymisation. Kim Walker, partner at law firm Thomas Eggar LLP, talks about them here: http://www.computerweekly.com/opinion/Big-data-big-legal-trouble .

Michael Kitces, a partner and the director of research for Pinnacle Advisory Group, conveys in his article that how we can compare human capital with stock and bond in life.

To read more, visit the following link: http://finance.yahoo.com/news/human-capital-stock-bond-life-110000357.html

ADP, a global provider of Human Capital Management (HCM) solutions, announced that it has been ranked 24th on The 2014 DiversityInc Top 50 Companies for Diversity list. The DiversityInc Top 50 Companies for Diversity list began in 2001 and also includes companies from a wide range of industries.  ADP also made the DiversityInc Top 10 Companies for Veterans.

To read more, visit the following link:http://www.marketwatch.com/story/adp-ranked-24-on-the-2014-diversityinc-top-50-companies-for-diversity-2014-04-23?reflink=MW_news_stmp

A recent research report by Netscribes Inc., a global market intelligence firm, reveals that Business Intelligence and Analytics Market in India are growing. According to the report, continuous rise in trade and business activity across the globe have increased and this resulted in a huge amount of digital data. Over the last few years, social media also generated large amount of data. This data can be analyzed efficiently only with the help of Business Intelligence and Analytics.

To read more, visit the following link:http://www.pr.com/press-release/554334 

SyncHR, an innovator for cloud-based human resource, payroll and benefit management software, announced an upgraded version of their software- release 5.2. The latest release have an improved reporting and analytics platform. The company also launched a new corporate website to showcase their unique single database and single application technology.

To read more, visit the following link: http://www.prnewswire.com/news-releases/human-capital-management-firm-synchr-announces-new-software-release-and-launch-of-new-website-256601391.html

Electronic Commerce, Inc. (ECI), a provider of web-based Human Capital Management (HCM) applications, upgraded their software,Empower Onboarding Solution. Onboarding software makes the process more user-friendly and efficient for the new hire and the HR manager. It decreases the time taken for a new employee to become a fully productive, well-adjusted team member and reduces the costs associated with manual and paper processes.

To read more, visit the following link: http://www.digitaljournal.com/pr/1883047#ixzz30QwHqucB 

In an article by Anuradha Divakaran, ‎marketing executive at Harbinger Knowledge Products, we get some insights about how technology has radically transformed the way of human capital management. The inundation of technologies like cloud, mobile, social media, big data and analytics in various HR processes has streamlined and automated workforce acquisition and management. Analysis of crucial data on employee remuneration, performance, learning and development helps organizations to draw a connection between employee efforts and business success to enhance performance management.

To read more, visit the following link:http://blog.harbinger-systems.com/2014/05/technology-revolution-in-human-capital-management/

WORKTERRA (provider of Human Capital Management software solutions) partners with Premier Consulting Associates LLC, to deliver their clients best of online benefits enrollment and private exchange platforms. WORKTERRA BenAdmin and WORKTERRA Exchange has been designed to incorporate many benefits into a single mobile accessible application.

Read more about this aspect, visit the following link: http://www.digitaljournal.com/pr/1894225

Infor, a provider of business application software, released two cloud based applications: Infor HR Knowledgebase and Infor HR Case Management.  These applications are designed to support shared services organizations with advanced human capital management (HCM) capabilities. Infor HR Knowledgebase 10.2 supports enhanced knowledge base portal analytics and reports. Infor HR Case Management 5.2 helps HR service representatives manage and track employee inquiries, offers users configuration of agent, manager, and administrator role-based dashboards and ad hoc email communications from agent case.

To read more, visit the following link:http://www.marketwatch.com/story/infor-enhances-key-human-capital-management-applications-2014-05-05

In an article by Nancy Duta (a health consultant with Sibson Consulting) and Christopher Calvert (a senior vice president and the Health Practice leader for Sibson Consulting), we get some insights about what employers must know in order to make informed decisions to chose a health insurance plan for his employee. Employers primarily collaborated with insurance carriers to provide health benefits to their employees. In order to make informed decisions, employers need to fully understand what exchanges are and how they operate.

To read more, visit the following link: http://www.sibson.com/publications/perspectives/Volume_21_Issue_1/private-health-insurance-exchange.html

Lean - a set of tool that improves efficiency and the most important - improves profitability. 

Nowadays, hospitals are also using lean tools. Hospitals and other healthcare institutions are required to spend considerable time with patients which keeps other patients in line waiting. To clear problems of all of them, is a stressful job for doctors who attend them. One way to solve this is to add more staff to your organization. But, this has a flip side also. It will add cost to you. So, you have to think in a different way. You have to think in such a way, so that you clear all your stresses without incurring any extra cost.

This is where the Lean comes handy. By streamlining your process, it will add efficiency to your healthcare institution. Some of the immediate outcomes include reduction of lab turnaround time, reduction of emergency department turnaround time, etc. Apart from this, with effective management, doctors, nurses and other staffs attending patients can ease their stress and also they do not keep other patients waiting. You do not have to add extra workforce. Your healthcare institution’s efficiency will improve and cost will reduce.

Located at Sioux Falls, United States, Avera Medical Group applied lean practices to improve efficiency. Read at http://www.argusleader.com/story/news/business-journal/2014/05/07/health-systems-learn-lean/8781179/  to know how the clinic did it.

It is true that cloud computing is rapidly changing the nature of businesses. Now, it is spanning across various industries. Even, the legal industry has adopted the cloud technology in recent years.

Though, it is a fact that cloud has brought in numerous benefits, but security and privacy are main concerns. Particularly, these are very much important in legal issues as they deal with clients which are privileged information. But does that mean that lawyers will stop adopting cloud technology? Definitely not. They have to use the technology in such a way so that they can realize maximum benefits of using it.

At a panel discussion titled “Privacy and Your Practice: Data Sovereignty for Lawyers,” held at CUNY Law School, experts discussed how lawyers can cope with the technology maintaining privacy and security simultaneously. To know the discussions, read them at http://venturebeat.com/2014/05/06/practicing-law-in-the-age-of-cloud-computing/ .

Mobile phones have done a paradigm shift in marketing products and services. It has created an entirely new marketing channel which cannot be ignored. You, as a business owner, marketing manager or alike, have definitely noticed it.

Fixing budget for marketing your products or services is really a daunting job. With mobile marketing, this job has become more difficult. The growth of mobile usage will not make a halt and as technology will continue to make an upward slope, sophisticated consumers will purchase more through mobile interfaces. So, when mobile is the future, the key to a successful marketing campaign lies here and you must unlock it to make use of its full potential. For this, you will have to rethink over the budget you have allocated for your marketing campaign and you have to lay much importance to the mobile space and justify why you are doing so.

Having said that, are you confused about setting your budget? Here are some statistics on mobile marketing from which you can take cues: http://thenextweb.com/socialmedia/2014/05/04/10-mobile-marketing-statistics-help-justify-budget/ .

If you are a startup and you are worried about your success, then wait. Big Data is here for you to predict your success in business.

To be successful in business, a lot depends on your employees. You need to have the best talents and also ensure that your employee turnover is low. In an era, where you have technology in your hands, and you are surrounded with social networks, looking for right persons for your company and ensuring their satisfaction are not difficult tasks. Also, the good thing is, it is not always that you have to pay for expensive tests and assessments to analyze your employees’ data all the time.

Read more at: http://thenextweb.com/entrepreneur/2014/05/02/use-big-data-predict-success-startup/  to know how big data can help you in getting the right employees, reduce employee turnover, thereby predicting success of your startup.

In an article by Mary Shinn (a news reporter for The Cortez Journal), we get some insights about why some small business organizations across the state chose to sign up for health insurance through health exchanges.

To read more, visit the following link:http://durangoherald.com/article/20140422/NEWS04/140429885/Limited-participation-seen-in-health-exchange-

In a report by Carol M. Ostrom, reporter of The Seattle Times, we get to know that four new companies want to sell individual health-insurance plans inside the Washington Healthplanfinder online exchange for coverage in 2015. The new entrants into the exchange marketplace are:  Moda Health Plan, Columbia United Providers, Health Alliance Northwest Health Plan and UnitedHealthcare of Washington. Of them, Moda Health Plan, also proposes to offer small-business policies through the Small Business Health Options Program, known as SHOP.

To read more, visit the following link: http://seattletimes.com/html/localnews/2023532022_healthinsurancenewplansxml.html

PeopleFluent, a social human capital management technology company, unveiled its vision for contingent workforce management with the announcement of the Vendor Management System (VMS) Mirror.  VMS Mirror is a single platform for education, information and action. It gives organizations an engaging one-stop-shop to manage vendors and the contingent workforce.

To read more, visit the following link: http: http://www.broadwayworld.com/bwwgeeks/article/PeopleFluent-Helps-Organizations-Address-Changing-Workforce-Balance-with-the-Vendor-Management-System-Mirror-20140502#

Advocate Healthcare had signed Medicare's first Shared Savings Program contract in 2012. The purpose of the contract was to test the ACO model, which offers financial incentives to hospitals and doctors for meeting cost and quality targets. Based on its initial success, Advocate is preparing to expand its ACO and officials believe it is worth of new investments. However, the success achieved through operating Medicare ACO model was not a cakewalk, but rather the success is achieved through failure, experimentation, and adaptation. Read more at: http://www.healthitoutcomes.com/doc/health-care-system-experiences-encouraging-aco-results-0001