The Promises of Big Data in Healthcare

The Promises of Big Data in Healthcare

Healthcare Tech Outlook | Friday, June 14, 2019

FREMONT, CA: At the turn of the decade, electronic health information (EHI) and large-scale data management systems have gained conventional acceptance and have become core technology investments for most healthcare enterprises. These advancements have facilitated leaders on the delivery plane to efficiently develop the quality of care by offering a more personalized approach.

There is no dispute that the healthcare business has mastered the collection of data. The challenge is making the data applicable and easily accessible to its consumers. About 80 percent of healthcare data is volatile, making it extremely tricky to use against businesses or clinical challenges. Further, even the 20 percent structured data presents enormous challenges in a value-based world. For instance, the datasets in custody of payers and providers can be dissimilar. Payers own data on claims, reimbursement, and threat models, whereas providers possess clinical and administrative data of case histories and outcomes.

Each data set is precious, but in isolation does not provide an integrated and contextual viewpoint of the customer. Suppliers need to leverage client data to shift from episodic care to outcome-based care across the continuum. Spenders need access to patient data to work with providers for establishing fitting care plans for the members.

In ancient times the healthcare sector has lagged behind other industries because of its exponentially greater complications in analyzing the factors that provide to human health. Nevertheless, today, a blend of large data sets and ground-breaking tools and services is making it gradually more possible to foretell the actions that will provide the best outcomes.

Boosted by self-service business intelligence tools and cloud-based platforms, healthcare enterprises are increasingly adopting mature concepts in natural language processing (NLP) and ML in their daily operations. Analytical and sophisticated models can make predictions, create recommendations, and deliver services more proficiently. Additionally, AI-based systems are gathering center stage in depleting administrative burden by offering cognitive decision-making capabilities that were previously reliant on human efforts.

Weekly Brief