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Big Data Use In Healthcare Needs Governance, Education
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TumTum
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TumTum,
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4/4/2013 | 9:47:41 PM
re: Big Data Use In Healthcare Needs Governance, Education
Healthcare is maturing. Most of what is referred to currently as "analytics" consists of spotting outliers in healthcare claims - the highest cost provider; the most expensive hospital etc. or catching events - did the diabetes patient have an encounter with an opthalmologist in the least 12 months. Insurance companies have used the data for their specific need - statistically predict resource consumption of every enrollee so as to calculate risk and premium amounts. They face no serious penalty if the calculations are off the mark since they raise premiums the following year to cover losses from the prior year. But these are just algortihms used to predict disease trends and costs. With big data we will see economists, mathematicians and others bringing their modeling expertise - and that'll be the start of a new era in healthcare when time evolution will be mathematically described and calculated. We need that. Viewed as an economy, US healthcare is the 5th or 6th largest economy in the world. Imagine running a country of any size using algorithms and spotting outliers!
jaysimmons
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jaysimmons,
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3/24/2013 | 12:13:19 AM
re: Big Data Use In Healthcare Needs Governance, Education
I agree that there has to be structure in place in order to benefit from big data analytics. The amount of information being collected can be overwhelming and without a plan as to what information you intend to use and to what purposes, a lot of the data collected may just sit there. Institutions need to work with the physicians in order to plan out what information they need and what they intend to gain from big data analytics and follow that structure.

Jay Simmons
Information Week Contributor
J. Nicholas Hoover
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J. Nicholas Hoover,
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3/22/2013 | 3:57:52 PM
re: Big Data Use In Healthcare Needs Governance, Education
Sadly it also needs budget. I worry that sequestration will have a pretty significant negative impact on NIH's grant money for this type of thing over the next few years if nothing is done to set the budget straight.


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