The healthcare industry is experiencing a major data transformation due to the increasing popularity of advanced analytics and big data tech. The use of big data in healthcare is helping companies and providers improve patient outcome while reducing errors and costs. With so many advancements in technology, future is bright for healthcare companies and providers.
Big data and analytics have always provided advances in healthcare. With the help of big data and smart analytics, we are at a point in healthcare which focuses on patient-centric care. Providers can make predictions about possible complications a patient can face, their possible readmission, and the outcomes of a care plan. Not only does it translate to more positive outcomes for the patients, it also speeds along payment processes and helps companies comply with regulations.
Patients now have smart devices that can make appointments at the push of a button. They can check their lab results from the comfort of their own homes. They can track their vitals such as heart rate and blood pressure.
In return, providers can communicate with patients about their behavior and monitor vitals. This real-time patient monitoring helps healthcare companies provide proactive care. Data can be analyzed in real-time and when a patient’s condition changes a provider can issue critical orders.
By utilizing advanced analytical tools such as predictive analytics, healthcare companies can prevent fraudulent and unfair practices. Analyzing large unstructured datasets of historical claims and using algorithms to detect falsities and erratic patterns is the key to fraud reduction. Healthcare companies can analyze these patterns to pinpoint fraud attempts thus saving providers time and money.
Improve Patient Experience
Big data in healthcare is gaining more popularity with the increasing adoption of electronic health records (EHR) due to the increasing amount of patient data. Remember that big data is comprised of little data. Data x users x IoT devices = BIG DATA. So every line item within a patient’s financial history, every chart dictation and every written prescription make up data points that lead to the idea of big data in healthcare. EHR gives providers increased access to patient records, resulting in improved diagnosis and better treatment.
A healthy patient is typically a happy patient leading to a satisfied consumer.