From cutting administrative costs to improving patient outcomes, the applied use of data analytics is transforming the US healthcare system. As in any industry, the strategic use of data can improve a company’s performance, but in this context, big data can lead to a new era of healthcare delivery.
Bin Cai 14MBA, is providing strategic direction through data analytics at Mölnlycke Health care, a world-leading provider of single-use surgical and wound care products for customers, healthcare professionals, and patients.
“Analytics, or big data, in the healthcare industry isn’t about social media or web statistics,” says Cai, a manager on Mölnlycke’s strategy and data analytics team. “Healthcare providers use data analytics to make decisions about adopting new technologies to improve the delivery and quality of care. As a leading medical device company, we use data to solve business problems and better serve our customers.”
Prior to seeking his MBA, Cai worked in business development in the manufacturing industry. His career goals focused on strategic planning, decision-making and problem solving.
After completing his first-year coursework, Cai interned at Mölnlycke’s US headquarters in Norcross. It was there that Cai put his Goizueta training in strategic analysis and data analytics into practice. During his internship, Cai provided valuable insights and made significant contributions, while receiving support from the senior leadership for career development.
A native of China and graduate of Zhejiang University, Cai visited the US during summer 2007 on exchange at the University of Washington. When Cai came to Goizueta in 2012, transition was not that easy. Cai credits the Career Management Center (CMC) with helping him.
“The CMC is definitely one of the strongest differentiators of Goizueta’s MBA program,” he says. “I received strong support from the CMC team, not just on typical career topics, but also with personal and professional development. Speaking from the perspective of an international student, the CMC team helped me a lot in terms of understanding cultural differences and adapting to the US work environment.”
Since his Goizueta experience was so positive, Cai gives back to Goizueta when he can. Currently, Cai is a leadership member of the Goizueta Alumni Board’s Young Professionals committee.
“Goizueta is a very close-knit community,” he says. “As a student, when I reached out to Goizueta alumni, no matter the program—one-year, two-year, evening, weekend—they supported me. I enjoyed connecting with alumni, and that’s why I’m always open to helping current students or other alumni with their careers.”