HIT Consultant December 9, 2021
According to the Food and Drug Administration (FDA), the term real-world data (RWD) refers to routinely collected data relating to patient health status and the delivery of healthcare services, and real-world evidence (RWE) is the clinical evidence regarding the usage and potential benefits or risks of a medical product derived from the analysis of RWD. Both RWD and RWE have increasingly attracted attention in the healthcare industry for years now, and rightly so, considering that the healthcare analytics market is expected to expand at a compound annual growth rate of 28.9% between now and 2026. There’s no doubt that within this massive data trove, there exist countless insights that could streamline care delivery, help physicians diagnose disease faster, and improve...