HIT Consultant February 7, 2022
In the United States, healthcare costs make up more than 17% of GDP.
The data that healthcare organizations generate, collect, and manage is massive, having an ever-growing impact on the industry. RBC Capital Markets, a global investment bank, estimates that approximately 30% of the world’s data volume is generated by the healthcare industry. By 2025, the compound annual growth rate of data for healthcare will reach 36%. That’s 6% faster than manufacturing, 10% faster than financial services, and 11% faster than media & entertainment.
With such a large amount of data being generated by healthcare providers, it’s no surprise that data management challenges are becoming increasingly difficult to manage.
But data is a great asset for healthcare organizations when managed...