Tricast technology would assist in health data analysis

Milwaukee-based pharmacy data analytics firm Tricast Inc. has developed a technology that would help manage health care information in real time.

The technology is, the company said, an inexpensive, distributed, decentralized and elastically scalable alternative to โ€œBig Data.โ€

It could be used to meet the need for a responsive health care information management tool required by the Centers for Medicare and Medicaid Services. The Tricast version would go a step further than some traditional Big Data solutions, which look at historical health care data, and provide up-to-the-minute real time data analysis.

- Advertisement -

With the real time data analytics Tricastโ€™s software generates, only small amounts of pharmacy and healthcare results data would be storedโ€”those that proved to be out of the ordinary.

โ€œBetter, faster, cheaper was our mantra during the development work on this; we can move from problem to solution in real time,โ€ said Greg Rucinski, president of Tricast. โ€œThis quick, accurate analysis really pays off in the Medicare Part D arena. Turnaround time is critical to the effective management of fraud, waste and abuse and rejected claims monitoring programs, as well as concerns for patient safety.โ€

Tricastโ€™s patent application on the product has been accepted by the U.S. Patent and Trademark Office.

- Advertisement -

โ€œWeโ€™re excited about our work,โ€ Rucinski said. โ€œIt keeps us in step with healthcare reform and the industryโ€™s desire for timely reporting.โ€

Sign up for the BizTimes email newsletter

Stay up-to-date on the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin

What's New

BizPeople

Sponsored Content