BIG DATA Improve Healthcare and Medical Research.
Big data in the healthcare industry is about to get even bigger thanks to the move toward electronic health records. Electronic medical records are getting a boost due to the implementation of the Affordable Care Act. As a result, medical researchers can expect a massive influx of healthcare data to analyze.
The scientific community is abuzz about the potential for big data in the medical research arena. According to Science 2.0, a science blog, some of the clearest opportunities recently identified in this area revolve around reducing costs in several key areas:
High-cost patients – Did you know that just 5 percent of patients account for roughly half of all US healthcare costs? By targeting these high-cost patients, big data has the potential to make a huge impact on total healthcare spending in the United States. This is a good example of the Pareto principle at work.
Readmissions – With nearly one third of readmissions deemed to be preventable, using big data to predict which patients are at a high risk of readmission could lead to better interventions and reduced re-admissions.