Infographic: Growth Opportunities for Healthcare Big Data

Wednesday, January 4th, 2017
This post was written by Melanie Matthews

The healthcare industry has been a laggard in Big Data adoption as compared to other verticals and continues to battle challenges around interoperability, budget constraints, and insufficient strategic planning and change management, according to a new infographic by Frost & Sullivan.

However, the intent to leverage the power of Big Data is evident across all industry stakeholders, including governments, payers, providers, suppliers (pharmaceutical, medical devices, and technology companies), and consumers. The goal is to make healthcare more predictive and prescriptive through meaningful information and insights. Big Data and analytics will play a key role in this direction, with the most important areas of application being population health management, clinical decision support, and real-world data.

The infographic drills down on the need for big data in healthcare, the changing roles of industry stakeholders and the big data opportunities.

Growth Opportunities for Healthcare Big Data

Health Analytics in Accountable Care: Leveraging Data to Transform ACO Performance and Results Between Medicare’s aggressive migration to value-based payment models and MACRA’s 2017 Quality Payment Program rollout, healthcare providers must accept the inevitability of participation in fee-for-quality reimbursement design—as well as cultivating a grounding in health data analytics to enhance success.

As an early adopter of the Medicare Shared Savings Program (MSSP) and the largest sponsor of MSSP accountable care organizations (ACOs), Collaborative Health Systems (CHS) is uniquely positioned to advise providers on the benefits of data analytics and technology, which CHS views as a major driver in its achievements in the MSSP arena. In performance year 2014, nine of CHS’s 24 MSSP ACOs generated savings and received payments of almost $27 million.

Health Analytics in Accountable Care: Leveraging Data to Transform ACO Performance and Results documents the accomplishments of CHS’s 24 ACOs under the MSSP program, the crucial role of data analytics in CHS operations, and the many lessons learned as an early trailblazer in value-based care delivery.

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