Big data could mean big savings in healthcare
Properly exploiting big data in health care could mean up to $450 billion in savings health care organizations and consumers according to a recent report from consulting firm McKinsey. But don't get too excited yet – that data-optimized future isn't just going to fall in our laps. An abundance of newly available information — from research and development data aggregated by pharmaceutical companies to digitized patient records to recently-released health information from the federal government and other public sources — combined with new technology has the potential to transform health. But, according to the report, to really "jujitsu" that data (as the country's CTO Todd Park likes to say), the industry may need to shift its thinking and scale some obstacles first.
- CMS Sets 2014 Pay Rates for Hospital Outpatient and Physician Services
- FDA hopes hospitals will switch to newly regulated pharmacies
- The 5 Biggest Healthcare Finance Trouble Spots
- Not-for-Profit Hospitals Find Opportunity Amid Uncertainty
- Nonprofit Hospital Outlook 'Negative' in 2014
- The Most Polarizing Topics in Healthcare IT
- Are ACOs Really Different from HMOs?
- How CPOE Will Make Healthcare Smarter
- Why You Should Involve Patients in Nursing Handoffs
- Rise of the Chief Strategy Officer