Big Data in Healthcare is Effective in Tracking Healthcare Costs and Developing & Maintaining Accurate Patient Records

 

Big data in healthcare refers to the collection and storage of data from various health information technology applications such as electronic health records, medical imaging, genomic sequencing, payor records, pharmaceutical research, and wearables among other. Big data has been storming its way around the world in industries from agriculture to medicine, drilling down to the small details that make a big difference in profit and quality results. With the exponential growth of computing power within the healthcare industry, organizations around the world are waking up to the necessity to utilize the huge amounts of information being produced to serve themselves, their clients, and their patients. In doing so, they are also seeing the opportunity to apply the science of big data analytics to healthcare itself.

 


Big data in healthcare has emerged as one of the most significant advances in the field of medicine and health. It can be effective in every aspect of healthcare: paying attention to your patients; tracking healthcare costs; developing and maintaining accurate patient records; identifying the root cause of complications and prescribing effective remedies. Big data analytics can be used not only to treat diseases but also to prevent them. By analyzing the clinical data which support treatment decisions, healthcare professionals are better equipped to spot early symptoms of problems, treat patients more efficiently, and save considerable amounts of money on healthcare costs.

The advantages of using big data in healthcare are further amplified by the integration of cloud technology. The integration helps to provide accurate, actionable intelligence and actions-management tools to manage risk, improve patient and provider engagement, and performance. Major clinical and claims data solutions providers are thus focused on launching cloud-based solutions. For instance, in January 2021, SymphonyCare, a provider of clinical and claims data solutions, launched WellStack, a modern healthcare data ecosystem and big data analytics platform, in the Microsoft Azure Marketplace, an online store providing applications and services for use on Microsoft Azure.

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