Analyzing patient data seems so normal these days that it would be hard to imagine a doctor that would ignore a person's vital signs and make life decisions without consulting the information.
Anthem Inc. is taking that layer of analysis one step further and developed a portal to better improve career decisions of its own employees. The health care insurance provider's human resource department is analyzing the lifecycle of its employees with the help of Oracle Analytics. The Indianapolis, Indiana-based company says the goal of its health plan division is to use the information gathered by its analytics tools to improve its HR department's recruiting, hiring, promotion, and development programs.
The HR analytics team at Anthem created what it calls a People Data Central (PDC) portal that serves its more than 56,000 associates. Oracle Analytics' scenario modeling and data visualization tools allow Anthem's HR teams to answer significant questions, such as: What does our turnover look like in a specific region for a specific job function? What is the cost of that turnover? Are we differentiating rewards for our top performers? How many of our nurses might retire within the next couple of years?
According to an article in The Wall Street Journal, Anthem's human resource team gathers information each month and breaks down various indicators such as company performance, employee participation in wellness programs, reductions in absenteeism, or salary benchmarks. The data analysis helps the company increase workforce productivity, reduce turnover, and foster diversity.
"A high-level 'executive scorecard' feature explores the relationship between HR metrics and business outcomes to support short and long-term planning," author and Oracle Content Central editorial director, Rob Preston wrote. "The team's latest report described the relationship between customer growth, Anthem’s net hire ratio and total costs associated with internal and external labor. PDC also provides links to additional analytics and relevant external reports and reporting tools."
During the following interview, Joe Knytych, Staff VP of Talent Insights at Anthem, describes how Oracle's self-service analytics in the cloud helps Anthem achieve its goal of driving innovation by enabling deep analytical expertise together with broad operational insights.
Of course, Anthem is just one company using Oracle Analytics to drive its digital transformation and cloud-based endeavors. If you like what you see, take one of our Quick Tours or Simulations to learn more about Oracle Analytics. You can also find more resources on our Customized Content page. When you are ready to start a free trial, visit the Oracle Analytics website.