The old adage “knowledge is power” may seem cliched, but it definitely still rings true in the life sciences industry. In fact, maybe more so than in any other industry, healthcare insights are being driven by a vast array of critically important data from scientific research, clinical trials, and patient profiling. Teams are continually asked to identify, prioritize and develop promising therapies which are not only safe but innovative, effective and based on the latest research.
To achieve
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big data
4 Steps Healthcare Organizations Need to Take to Automate Their Data
According to IDC, all the data that’s being created and captured in healthcare is projected to grow by 36 percent (CAGR)—more than any other industry.
While managing growing volumes of data is a common challenge for many organizations across all sectors, healthcare is uniquely set apart by the sheer number of new data sources that’s being made available—with new sources being added all the time. This is driven in large part by advancements in telemedicine, personalized or precision medicine, as
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4 Areas Where Big Data is Transforming Healthcare Right Now
Leveraging technology in the right ways can make or break the future of healthcare. One of the ways that healthcare will become more efficient, more affordable, and save more lives is through the use of big data.
What is Big Data?
Big data refers to a large amount of information being digitized, consolidated, standardized, analyzed and modeled. In healthcare, big data uses specific statistics from a population or an individual to research new advancements, reduce costs, and even cure or prevent
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Microsoft, Astrazeneca Launches AI Factory for Health Accelerator in Europe
- Microsoft and AstraZeneca are joining forces to launch the AI Factory for Health, a European accelerator for AI-focused digital health startups.
- The 3-month accelerator program is for startups that offer an innovative health solution based on artificial intelligence technology for patients or health professionals
- Created by Microsoft in partnership with the Inria laboratory, the AI Factory unites a community of startups dedicated to the development of innovative solutions based
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How Tech Giants are Helping Providers Reinvent Patient Care
Healthcare costs are on the rise, and they show no signs of leveling off. According to the latest data available from the Centers for Medicare and Medicaid Services, healthcare spending in the United States reached $3.5 trillion in 2017, or $10,739 per person. Those costs are projected to rise by about five percent year-over-year.
As expenditures continue to skyrocket, healthcare providers are looking to new technologies and care strategies that can help them treat patients more effectively at a
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Pittsburgh Health Data Alliance, Amazon Partner on Machine Learning Research Sponsorship
Pittsburgh Health Data Alliance (PHDA) announced today that it is working closely with Amazon Web Services (AWS), an Amazon.com company, through a machine learning research sponsorship, to advance innovation in areas such as cancer diagnostics, precision medicine, voice-enabled technologies and medical imaging.Leveraging Machine Learning to Power Medical ResearchA unique consortium formed four years ago by UPMC, the University of Pittsburgh and Carnegie Mellon University (CMU), the PHDA uses
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Cerner, Duke to Pilot Cerner Learning Network to Innovate Clinical Research Registries
Cerner Corporation has announced the development of the Cerner Learning Health Network to help clinicians more easily and efficiently gain health insights and guide care. As part of the development, Cerner and the Duke Clinical Research Institute (DCRI) have joined together to pilot the Cerner Learning Health Network and innovate clinical research registries in the process.Learning Registry by the DCRI Pilot ProjectThe pilot project and study, named the Learning Registry by the DCRI, will use
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Health Tech VC Firm Flare Capital Partners Closes $255M Fund
Healthcare technology venture capital firm, Flare Capital Partners, today announced the closing of its second fund, Flare Capital Partners II, L.P., with a total of $255 million in committed capital. The oversubscribed fundraise follows up its inaugural fund, which was raised in April 2015, and establishes Fund II as one of the largest, independent, dedicated healthcare technology venture capital investment funds. Evolving Healthcare Industry Demands Innovative Business ModelsThe U.S. healthcare
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Referential Matching—What It Is and Why It Matters for Providers
Clean patient data is the critical first step for any successful health IT integration, EHR conversion, interoperability initiative or electronic information exchange. According to a recent Pew Charitable Trusts report, most hospital executives and administrators believe the accuracy of patient matching when information is exchanged between organizations with different EHR systems is subpar.
Further, as health systems continue to consolidate and add more data to their networks, the importance of
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What’s the Difference: A Look at Consumer and Medical-Grade Wearables in Healthcare
Can both consumer and medical-grade wearables work together to fill healthcare’s care gaps? Dr. Sunil Kapur shares his insights.
What does Abbott’s Confirm Rx insertable cardiac monitor (ICM) and the latest Apple Watch have in common? The answer: more than you think, and perhaps not nearly enough. Today, consumer and medical-grade wearables may live in different markets, but they are aligning on a similar long-term objective—capturing critical data to improve outcomes.
“People want to
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