Analytics Magazine Analytics Magazine, May/June 2014 | Page 27

important patient benefits as well as financial savings. Examples include optimization models for patient scheduling, queuing theory for effectively transporting patient, systems dynamics for strategic capital allocation planning, simulation modeling to redesign pharmacies that reduce patient waiting and discrete event simulation models for blood management. In addition to applying advanced analytics and O.R. to its business, Mayo Clinic has made significant strides to educate analytics_Layout 1 4/25/14 12:51 PM Page 1 staff and disseminate what they’ve learned. Mayo Clinic’s leadership recognizes analytics and engineering as key contributors to the organization’s sustained excellence, market differentiation, and superior customer experience. Looking to the future, senior leaders consider these disciplines to be vital in addressing the formidable challenges in healthcare today and tomorrow. Past recipients of the award include Intel, UPS, HP, IBM, Ford, Procter & Gamble and GE Research. Stand Out. Put yourself in a lucrative new career. Apply now for a master’s degree in business analytics or supply chain management. • Intensive nine month programs • World-renowned faculty • Experiential projects with industry clients • Personalized professional development www.leeds.colorado.edu/ms 303-492-8397 [email protected] A NA L Y T I C S M A Y / J U N E 2 014 | 27