In Healthcare, It’s Not About More Data — It’s About The Right Data
Healthcare data is expected to grow at a rate of 36% per year through 2025, faster than industries such as manufacturing, financial services, and media and entertainment. This rapid pace is even more remarkable considering that only 11 years ago, only 9.4% of nonfederal acute care hospitals had basic electronic health record (EHR) systems.
Such an onslaught of data could not come at a worse time for an industry that is also in the midst of two foundational changes: One is trying to effectively access, interpret and share the tsunami of data from electronic health records (EHRs), which is a whole other column unto itself. The other is the changing payment model for physicians and hospitals.