There is a tremendous amount of data within the healthcare and life sciences industries. According to RBC Capital Markets, the healthcare sector accounts for 30% of the world’s data and is forecasted to grow by a compound annual growth rate of 36% in the next two and half years.
The benefit is that healthcare professionals, organizations, and analysts can use this data to improve the quality, quantity, and accessibility of healthcare. But it also carries great risk. More organizations
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Medical Records | Health Information Management | Revenue Cycle Management
Specialty Pharma’s Next Big Opportunity: It’s Time for Patient Access to Adopt an Open Protocol
In January 2020, the financial conglomerate Visa announced it was acquiring a relatively unknown startup, Plaid, for $5.3 billion. Corporate acquisitions like these are not uncommon, but someone at the United States Department of Justice took notice of this announcement. Visa had established a stranglehold on financial transactions. The Justice Department moved to stop the acquisition on grounds that Plaid posed “a threat to this monopoly: it has been developing an innovative
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3 Reasons the Cloud is Critical for Ensuring Patient-Centered Care
As the healthcare sector embraces value-based care, the patient – not the procedure – is the central focus for providers. But the move to patient-centered care requires several significant deviations from the status quo.
For example, more personalized treatment is required through information sharing and collaborative decision-making among providers, patients and their families. There is also a greater need to focus on overall physical, mental and emotional well-being of patients, as
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HLTH22: AWS Launches Imaging, Health Analytics Capabilities
What You Should Know:
- Amazon Web Services (AWS) launches two new capabilities in HealthLake that deliver innovations for medical imaging and analytics.
These new capabilities in Amazon HealthLake will enable next-generation imaging workflows in the cloud and derive insights from multi-modal health data, while complying with HIPAA, GDPR, and other regulations.
Amazon HealthLake Imaging
Amazon HealthLake Imaging is a new HIPAA-eligible capability that makes it easy to store,
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Why The Stakes are Higher for Hospitals When It Comes to Data Loss & Inadequate Storage Infrastructure
According to the World Economic Forum, hospitals produce around 50 petabytes of data per year. And with 6,039 hospitals in the US alone, that amounts to a sizeable amount of data requiring secure storage. Data consists not only of confidential patient medical records but also of operational data retained by US hospitals such as personal and financial information.
This ever-increasing amount of patient data and growing risks associated with its loss, mean the stakes have therefore never been
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MEDITECH Taps Health Gorilla to Power Canadian Interoperability Network
What You Should Know:
- Health Gorilla, a Health Information Network and interoperability provider, has been selected by MEDITECH as the technology platform for Traverse Exchange Canada — a first-of-its-kind interoperability network that will enable the seamless flow of health information between participating organizations across Canada.
- Powered by Health Gorilla’s Health Interoperability Platform, Traverse Exchange Canada will ensure that comprehensive clinical information is
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Cultivating an Early Warning System in Healthcare Quality Through Bi-Directional Patient-Physician Engagement
Patient advocacy organizations and medical specialty societies can serve as a liaison between patients and providers in bi-directional engagement, closing gaps in the patient journey and ultimately driving innovation for higher quality care.
Patients are the keyholders to an enormous trove of data that is critical to taking the next step in improving the quality of their care. However, patient data collection has been a historically difficult process due to disparate data sources,
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Mayo Clinic Proceedings Launches Expansion Journal Focused on Digital Health
What You Should Know:
- Mayo Clinic will launch a new Mayo Clinic Proceedings expansion journal on digital health, with the first issue to be published in early 2023. Articles will be published ahead of issue as they are accepted.
- The journal, Mayo Clinic Proceedings: Digital Health, will focus on the digital transformation that is reshaping healthcare. It will join Mayo Clinic Proceedings: Innovations, Quality & Outcomes, an open-access journal edited by Taimur
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Gradient AI Acquires Healthcare Analytics Business Unit from Prognos Health 
What You Should Know:
- Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry, recently announced that it has acquired Prognos Health’s analytics business underwriting unit to leverage data from the company’s large collection of integrated medical records and lab data via its real-world data marketplace.
- The acquisition will enable Gradient AI to expand its medical database capabilities by integrating Prognos Health’s data
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Can the Adoption of Healthcare Technology Keep Up With the Pace of Innovation?
The disruption of the healthcare industry is continuing at a frenetic pace. As reported in a World Economic Forum article, $44 billion was pumped into medical innovations in 2021. Experts expect this influx to continue, all with the hopes of bringing machine learning, artificial intelligence, telehealth, and other technological and digital advancements and processes to both medical professionals and the people they serve.
On the surface, this news is exciting and encouraging.
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