Healthcare providers today are under intense pressure to improve patient and population outcomes while simultaneously managing costs. Increasingly they are looking to utilize the massive amounts of structured and unstructured data they own to achieve these goals through big data (predictive analytics) analysis.
With data captured via legacy EHRs, (Electronic Health Record) continuous real time patient monitoring devices, and social media; combined with complicated rules related to the Affordable Care Act and other regulations, proper data governance and compliance with HIPPA would be an essential step to ensure accuracy, availability, usability, quality, and security of data assets.
The challenge for healthcare organizations is to harness the vast quantities of structured and unstructured data to support business initiatives. These business initiatives in turn will focus on the vision and goals of the organization. With the emergence of continuous monitoring devices and sensors healthcare industry is flooded with massive amounts of structured and unstructured data. Big Data predictive analytics has the potential to transform the healthcare industry, but only if companies can translate these vast quantities of data into actionable business intelligence.
Most of the healthcare organizations are “data rich” and “information poor”. RoundWorld Solutions can help bring in the business initiatives aligned with existing programs to mix and match the numerous IT projects and initiatives under each company program. It could be a project under finance or patient billing or patient health record management initiative. Going from volume based medicine and healthcare to value based medicine and healthcare is huge and managing these large volumes of data to information and knowledge is critical and pivotal. Information Governance Maturity Model is to make sure we the tools and benchmarks for the healthcare information systems to be effective in Information Governance.
As part of the data governance security strategy, balancing the needs of the consumer who wants to be in the driving seat to manage their health as they see fit and protecting the data as part of regulatory compliance will be a fine balance for healthcare industry. In addition to the zero tolerance requirements of HIPPA regulations, the healthcare security governance policies have to be established with a balance to distribute the healthcare information widely and at the same time manage the data access to inappropriate recipients. This will be one of the major challenges in evolving appropriate controls and mechanisms as healthcare industry engages with customers for better individual and population health outcomes.
RoundWorld Solutions unique 360 degree view of Data governance provides a model for administering data in a standardized way across the healthcare organization, which reduces expenditures on data issues and results in better quality data that meets clinical, business, regulatory and compliance requirements.
By utilizing the Round World Solutions (RWS) Big Data 360 view tool, healthcare organizations can truly align the business initiative, companywide programs and the innumerable projects under each program to be used and reused and unleash the cost benefits and savings. To provide the data visualization dashboard for a specific business initiative, it is imperative that the scope is narrow with well-defined KPIs (Key Performance Indicators). The big data 360 degree view tool will help assist in leveraging the programs in different groups within the organization (e.g. finance, medical records group and diagnostic data group in IT) to harness the various data sources to cull and apply analytics to support the business initiative.
RoundWorld Solutions’ 360 degree view of Big Data in retailing can help that C-Level executive get the right information, delivered by the right tool, to the right resource at the right time. Our unique 3 layer Big Data tool set – a flat file format based data collector and validator, executive templates, and our top layer visualization tool allows manufacturers to consolidate and access their data to truly unlock the power of Big Data and capitalize on the vast knowledge that they have acquired and collected in their siloed applications.
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If you would like to discuss the Roundworld Solutions Big Data 360 View Tool, or this article please contact the author Arun Kumar – Vice President, Solutions and Delivery at arunk@roundworldsolutions.com or contact us today.