Improving Patient Welfare with Health Care Analytics

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Improving Patient Welfare with Health Care
Analytics
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• When used appropriately and effectively, data
  analytics can vastly improve the care of patients
  within the healthcare system, and as such, should
  be invested in by health and welfare teams the
  world over.
• Referring to the practice of gathering and
  analyzing massive amounts of data to draw
  significant insights and conclusions from the
  information contained within it, data analytics
  has come a long way in recent years, and is now
  aided by new software and advanced technology
  that makes the process more efficient.

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• The healthcare system as a whole has become
  increasingly reliant on data, and data analytics
  can help identify and resolve many issues, such
  as the waste of resources, help to track the
  performance of practitioners, and even monitor
  and identify individuals within the wider
  population who might be at risk of contracting or
  inheriting certain, chronic diseases. Armed with
  all of this information and valuable insights,
  over stretched and underperforming healthcare
  systems can streamline the allocation of their
  resources, helping to increase revenue, the
  health of the population and of course, patient
  care and wellbeing.

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• Below are three ways that data analytics are
  helping to improve the healthcare system and
  patient welfare
• Practitioner performance can be better evaluated
• Healthcare analytics can provide a new and
  effective method of evaluating how a healthcare
  practitioner is performing, and with ongoing
  evaluations coupled with health data related to
  patient wellness, it can be used to help provide
  ongoing feedback.

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• Enabling overall outcomes to determine payment
• Measuring performance and valuing best practices
  is closely linked to cost accounting, since
  outcome and value-based payment initiatives
  provide an incentive for improving performances
  in healthcare. So, rather than having the focus
  be upon reimbursing individuals on a case-by-case
  basis, the overall outcome would determine the
  payment.
• Helping to identify patterns and trends that can
  lead to a clearer, more rounded understanding of
  the health of a population, ongoing healthcare
  analytics and a system of interconnected
  electronic health records accessible to
  physicians, can help reduce unnecessary care with
  its provision of detailed information.

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• The healthcare system is also better able to
  reduce waste and maximize efficiency by
  allocating personnel and resources more
  effectively, thanks to the trends in population
  outcomes identified by prescriptive analytics.
• Risk prediction
• Treating chronic diseases is one of the most
  significant costs for the healthcare industry as
  a whole, and when applied on a mass scale, the
  costs associated with this can be reduced with
  predictive analytics. It works by predicting
  those patients who may be at higher risk of
  disease, and instigating early intervention
  before any problems begin to develop.

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• Data related to a variety of factors, such as
  medical history, demographic or socio-economic
  profile and comorbidities, is aggregated and the
  metrics can be modeled to predict the risk of
  chronic disease in patients.
• While improving patient welfare is of course in
  the best interests of the patients themselves,
  entire healthcare systems can benefit hugely from
  data analytics, and thankfully, there are plenty
  of reputable life sciences organizations out
  there who can help healthcare management teams
  manage their resources better, save money and
  provide patients with a higher quality of care.

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• Agile Scientific is a life sciences organization
  that brings decades of industry knowledge,
  expertise, processes, best practices, and systems
  to companies. Agile Scientifics clinical
  services function to accelerate all facets of
  drug development, ensure compliance at a global
  level and optimize pipeline value / ROI. Agile
  Scientific Group LLC is fortunate to partner with
  smaller virtual organizations and Fortune 500
  Life Sciences companies alike. We have extensive
  experience providing focused, pragmatic clinical
  solutions to our sponsor Life Science
  organizations and CROs across all areas of Drug
  Safety, Regulatory Affairs, HEOR /
  Pharmacoepidemiology, Quality Assurance.