Big Data Analysis Revolutionizing Healthcare Industry
A lot of transformations are happening in the healthcare industry today. Payers, providers and customers have changed the way business was being done until recently.
- Today, the Healthcare sector generates huge amounts of data through record keeping, compliance and regulatory requirements and patient care. A large part of this data are Electronic Health Records (EHR).
- In 2012, worldwide digital healthcare data was estimated to be equal to 500 petabytes. Currently, the volume of healthcare data has reached 150 exabytes globally. At projected growth rates, the volume of healthcare data will soon be at the zettabyte and yottabyte scale.
- Studies reveal that in 2015, 64% of physicians used electronic health records (EHR), successfully exchanging messages with patients, which is an increase of 50% than in 2013. By 2017, 90% of physicians turn to use clinical electronic tools.
- “Big Data” in healthcare is the massive quantity of data with variety, velocity and veracity which is necessary for understanding the ways to improve health care delivery.
1. Watson Health Data
2. 2015 National Electronic Health Record Survey (NEHRS)
The latest trends in health care point towards digitalizing the industry, with new challenges in tow
- Physicians across the US are starting to feel the impact of CMS imposed regulations - one of which is the mandatory use of EHR technology. Non-compliance results in Medicare fee reduction.
- Patient-centered care is the new motto of the healthcare industry, which is opening a scenario where patients begin to shop for healthcare like they do for any other commodity. So it is essential for Medicare providers to engage with patients outside healthcare centers, through various mediums.