By Roberta Mullin | December 11, 2020
Spurred over a decade ago now, the HITECH Act literally fueled the industry with billions of dollars with the goal to bring digital health records to everyone. Innovation brought us the EHR and beyond. And it doesn’t look like anything will slow down if these industry experts are to believe.
Analytics as a Core Competence – In stark contrast to previous years, advanced analytics in healthcare is no longer a ‘nice to have’ for health systems and payors. There is growing realization that it is now a critical core competence. Without this, it is no longer possible to significantly improve outcomes, reduce cost or increase revenue.
Increasing Significance of Social Determinants of Health – The coming year will continue to experience an increasing focus on and a rapid growth in the use of Social Determinants of Health data used in combination with clinical and claims data, to more effectively improve health outcomes and reduce cost of care.
Turning Data into Actionable Insights – The increased focus and progress on data transparency and interoperability is also helping to unlock the potential value of data across the healthcare ecosystem. With this avalanche of data comes an unparalleled opportunity to create valuable insights from the data