healt h care a n a ly t i c s
2014: Year of many
challenges
Meaningful analytics
is crucial to ensure
delivery of quality
care and improve the
patient experience, while
maintaining a positive
bottom line.
By Rajib Ghosh
24
|
2014 has been quite a remarkable year for the
healthcare industry. We have seen various ups and
downs, from the healthcare.gov fiasco to the surge
of investment in the digital health technology space.
A recent report published by StartUp Health shows
that $5 billion has been invested in digital health technology during the first three quarters of 2014, which
exceeds the total investment for all of 2013. Apple released its Healthkit product, and Google announced
Google Fit – both are harbingers for personal datalevel analytics in the cloud. Both companies are moving aggressively forward in the healthcare technology
space, and I predict that their competition will produce
great outcomes for patients as consumers.
Healthcare analytics is slowly taking center
stage. As of this writing, $381 million was invested in
healthcare-related analytics and big data in 2014. A
new study by Johns Hopkins published in Academic
Medicine found that analytics is critical to the success of accountable care organizations (ACO) [1].
In a recently concluded Healthcare Analytics Summit
organized by Health Catalyst, senior leaders from
Geisinger Health Systems, Cleveland Clinic and
Texas Children’s Hospital confirmed that meaningful
analytics is crucial to ensure delivery of quality care
and improve the patient experience, while maintaining a positive bottom line.
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