Healthcare Industry Witnessing Major Transformations with Big Data Technology!
Healthcare industry is on the verge of witnessing major transformations through big data analytics. According to recent studies, it has been found that healthcare data will increase the global healthcare data analytics to $34.27 billion by 2022.
Digging in this immense data to collect significant information has become irksome. Considering this, healthcare industry requires solution that makes it easy to sift through the data and automate the data collection process with a view to improve patient care. Big data can be a strategic asset that can transform the data pool to meaningful insights thereby increasing the quality of care and improved decision-making in healthcare organizations.
So, how Big Data Can Benefit Healthcare Industry? Here are some of the applications:
- Big Data for Patient-Centric Care:
Modern healthcare organizations are shifting from fee-for-service approach to value-based-data-driven approach in order to provide cost-effective and consistent patient care. Big data technology centralizes clinical data from electronic medical records and patient data into a single platform. Thus, making smoother coordination among patient care team members ultimately boosting patient healthcare quality.
2. Big Data for Fraud Reduction and Prevention
Fraudulent actions and data breaches are another field where Big Data can help. Big data platform analyzes large unstructured databases and utilizes machine-learning algorithm to identify inaccurate claims, anomalies, etc. In addition, Big Data can be used to determine over-utilization of services in a shorter timeframe. Thus, providing healthcare executives, insurers with the right information at the right time will help them bring down massive amount of cost involved in resolving and minimizing issues that occur due to fraudulent actions.
3. It is coming: Big Data for Predictive Analytics
Adoption of electronic health records (EHR) is accelerating and so is the explosion of patient data. This explosion of healthcare data has reignited interest around the arena of predictive analysis. Big data can efficiently provide accurate earlier diagnosis of patient conditions for better treatment and reduce expensive complications. Deriving data from Electronic Health Records (EHR), big data can help doctors make informed decisions about patients’ treatment.
4. Real-Time Patient Monitoring:
Healthcare industry continuously looks for finding new ways to have real-time monitoring for patients. Big data analytics helps in constant monitoring of patients’ condition and notifies healthcare providers in case of any changes in their condition. Thus, by drawing necessary insights, big data analytics enable physicians to better administer patients’ health status and provide immediate attention to them on real time basis.
Healthcare industry is one of the biggest industries that is witnessing major transformations with the advancement of technology. Big Data technologies have been aiding healthcare providers with various insights in order to help them provide better care to their patients. Big data technology can acquire enormous amount of data and proactively helps healthcare executives make well-informed decisions about patient care thereby improving the patient healthcare quality while cutting down the cost too.