Health care’s big plans for data analytics

The health care sector has been among the most aggressive in its pursuit and adoption of modern technologies throughout the past several years, while many progressions have been entirely data-centric. For example, the Health Information Technology for Clinical and Economic Health Act of 2009 demanded that all medical firms achieve meaningful use of electronic health record systems within a relatively short period of time. 

Given the compliance requirements and the clear advantages of migrating patient records management into digital formats, the health care sector has exceeded expectations in its adoption and use of these systems. Now, the next step appears to be decisively toward the use of big data analytics for more robust and novel goals of improving patient care, reducing the threat of fraud and driving transparency among health care providers from across the nation. 

Death to breach
VentureBeat recently reported that the significant increase in data breach prevalence that has been seen across industries in the past few years has been especially weighty for health care firms. In fact, certain studies indicated that medical firms are among the most at risk of experiencing a significant breach, in spite of the fact that retailers were responsible for all of the most devastating events since the end of 2013. 

Big data security is driving health care in the right direction.Health care records can be used in a big data program to reduce fraud.

According to the news provider, data analytics are already beginning to be viewed as the perfect medicine to reduce the frequency of data breaches in health care, and federal agencies in the United States are pushing these initiatives forward. With all of the digital information available in today's medical sector, big data solutions will be a boon to fraud detection and prevention for years to come. 

That is not all, either, as the source pointed out that the Centers for Disease Control and Prevention are looking to use advanced analytics to reduce the rate of prescription drug abuse. 

"Intelligence is the greatest deterrent of data breach."

Lessons for other firms
Suffice it to say that intelligence is the greatest deterrent of data breaches and fraud possible, and the use of analytics solutions to get the job done should be a common priority among all businesses in the coming years. With the real-time insights generated by these technologies, leaders will be able to mitigate risk in stride while simultaneously improving the overall performance of their organizations, which will be a welcome transformation in health care and beyond.