Healthcare needs a digital rethinking – next stop ‘value-based care’

Most hospitals and clinics have recognized the opportunity to invest in big data. They are collecting immense amounts of information, however this data sits mostly unused and thus creates no value. Here is how healthcare might profit from big data.

The pure collection of data is insufficient, as Gray Matter Analytics president and CEO Sheila Talton points out.

“The real story is: How do you have data that’s accessible that can actually become information? Because data is not information,” she said.

Hospitals, clinics and doctors by now have established processes to gather data.  However, current systems only show what has already happened anyway. Descriptive and predictive insights and prescriptive recommendations is what modern healthcare needs.