What You Should Know:
– The healthcare industry sits on a goldmine of data, yet 97% of it remains unused, according to the World Economic Forum. To unlock the immense potential of this information, digital healthcare leader Innovaccer has joined forces with Wolters Kluwer, a global provider of professional information and software solutions.
– The strategic partnership aims to transform raw data into actionable insights, ultimately improving patient care and driving healthcare innovation.
Bridging the Data Gap for Better Care
One of the biggest challenges in healthcare is the fragmentation of data across different systems and formats. Normalizing and unifying this data is crucial for gaining a holistic view of patients and making informed decisions. This is where Innovaccer comes in.
Innovaccer’s data platform excels at bringing together disparate data sources, including structured and unstructured clinical records. By leveraging Wolters Kluwer’s Health Language Platform, a terminology services platform, Innovaccer can:
- Harmonize information: Remove inconsistencies and misinterpretations by applying standardized medical terminology.
- Codify patient data: Convert unstructured data into structured formats for easier analysis and utilization.
- Create a 360° view of patients: Provide healthcare providers with a comprehensive understanding of each patient’s medical history, current status, and potential risks.
Realizing the Value of Clean Data
This collaboration benefits various stakeholders in the healthcare ecosystem:
- Health plans: Improve risk adjustment and population health management with accurate and insightful data.
- Life science companies: Generate valuable research insights and develop targeted interventions.
- Provider organizations: Optimize clinical workflows, personalize care delivery, and make data-driven decisions.
Kanav Hasija, Co-founder and Chief Product Officer at Innovaccer, emphasizes the significance of data quality: “Dirty data hinders the healthcare industry’s ability to improve patient care and reduce costs. Our partnership with Wolters Kluwer empowers us to deliver clean, reliable data that unlocks its full potential.”
