Data in the healthcare world: the continued benefit of learning from what we already know
What is Modern Medicine? It's the culmination of what we've learned over centuries of experience and practice. Over time, this collection of knowledge has created a tremendous amount of data, that directly impacts how medicine is practiced today.
It is important to understand what big data is and how it applies to healthcare. According to Oracle Cloud Infrastructure, big data is defined as, "Larger, more complex datasets, from new data sources which are so voluminous that traditional data processing software can't manage them. These massive amounts of data can be used to address business problems that wouldn't be solved before" (Turea, 2021). In this way, the definition of big data can be directly applied to healthcare and used to analyze the problems of who, what, where, and when as they arise.
In the same way, the American Health Data Institute (AHDI) can assist employers in managing their health plan costs and risks by analyzing historical claims data. What information is collected is key. For example, chronic diseases such as diabetes, high cholesterol, and heart disease are some of the conditions that can be accounted for. To fight these conditions, it is important to prevent them. Analyzing the data can identify patterns, allowing modern-day medicine to react faster and more effectively.
With AHDI, New Edge Solutions provides access to a patented program for healthcare risk management. At the click of a button, easy-to-read graphics showing potential risk points and solutions are displayed. For example, if an employer has 15 employees at increased risk for stroke due to heart disease, they can target those employees for intervention. AHDI’s claims data and technology make that possible. Of those 15 members, several of them could not be receiving the level of care they need. They might not realize that’s the case or that enhanced care is pivotal in living longer and healthier lives. EZView, AHDI’s reporting platform, is a great way to present this information in an easy-to-understand way. Discussing health and medicine can be complex and helping do it clearly is most important, which is what EZview is able to help you accomplish.
According to a research study conducted by McKinsey and Company, "if early successes were scaled up to create systemwide impact, we estimate that the pathways could account for $300 billion to $450 billion in reduced healthcare spending, or 12 to 17 percent of the $2.6 trillion baselines in US health-care costs" (Kayyali, 2021) If this is true, and both employers and employees benefit long term, why not take advantage? The answer is simple; if the data is available, using it to make the population healthier should be standard practice.
With AHDI, your health claims are more than just claims. They contain vital information that could help not only transform the lives of your employees but help you as an employer save money. That’s our goal at New Edge Solutions. We want to positively impact not only the fiscal health of your organization but also the physical health of your employees and using data and technology enables us to do just that. Let us help you dive deeper.
To take a more detailed look at AHDI, what it has to offer, and how that can positively impact your people and your bottom line, please visit the website - https://www.gonewedge.com.
Ian Huron Direct Sales Executive
New Edge Solutions Mobile: 317-666-5119
E-mail: Ian.Huron@keybenefit.com
Sources
Kayyali, Basel, et al. "The Big-Data Revolution in US Health Care: Accelerating Value and Innovation." McKinsey & Company, McKinsey & Company, 1 July 2021, https://www.mckinsey.com/industries/healthcare-systems-and-services/our-insights/the-big-data-revolution-in-us-health-care.
Turea, Marina. "Ultimate Guide to Big Data in Healthcare." Healthcare Weekly, 4 Sept. 2021, https://healthcareweekly.com/big-data-in-healthcare/.