MedCity News December 6, 2023
Too often, executives look to data retrospectively to understand what has happened, rather than using data prescriptively to understand what is likely to happen and, in turn, how to best respond.
The healthcare industry has experienced an explosion in data volume in recent years, leaving some providers wondering how to realize the full value of this information to improve clinical, operational, and financial outcomes.
Healthcare data holds the ability to drive a transformation of healthcare, improving everything from the accuracy of diagnoses to the effectiveness of treatments, but all that data adds up. For example, approximately 30% of the world’s data volume is being generated by the healthcare industry today, according to RBC Capital Markets. By 2025, the compound annual...
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