The 10 Best Revenue Cycle Management Solution Providers 2018 Cycle Management Final File optimize | Page 40

HEALTHCARE’S
to
BIG
BIG DATA
W
ith a growing population and demand for
services, the healthcare industry is facing a new
set of challenges. New diseases, frequent
outbreaks, growing healthcare demand, care with
convenience, costs and more. With the advancements in
science, technology, and medicine, it is imperative for the
healthcare industry to take on these challenges using a new
approach. Big Data and Analytics bring in an incredible
solution to this problem. Big Data is already taking strides
in different industries. The healthcare industry is warming
up to it and trying to leverage its services. The primary
function of Big Data in healthcare is to analyze the huge
quantity of data available through different resources and
improve operational efficiency.
To understand the relation between big data and healthcare,
think about spring cleaning. While spring cleaning, one is
bound to come across papers related to family’s health say,
medical bills, prescriptions, tests, vaccinations and so on.
So what does one do with these papers or data? Throw them
away? Or organize and study them for a better health-year
ahead? Big Data lets one do the latter on a huge scale.
These data sources in healthcare industry can be the claims
and cost data, data collected from pharmaceutical
38
| December 2018 |
“It is health that is the real
wealth and not pieces
of gold and silver”
- Mahatma Gandhi