According to Forrester Consulting, 82% of organizations demonstrating advanced analytics maturity have witnessed positive year-over-year revenue growth over the last three years.
Big data in healthcare holds the potential to transform patient care, population research, and operational strategies. As data takes the lead in driving insightful decision-making, the transformative impact on healthcare becomes increasingly evident.
However, despite data accessibility being more streamlined in other industries, the healthcare sector is still playing catch-up in this regard.
Big Data in Healthcare: Big data in healthcare refers to the vast and diverse sets of information that are generated through various channels in the healthcare ecosystem. These data encompass clinical records, patient demographics, diagnostic images, genomic sequences, and much more. The distinguishing feature of big data lies in its volume, velocity, variety, and veracity. In essence, big data in healthcare encompasses information that is too extensive and intricate to be effectively managed and analyzed using conventional methods.
Real World Data (RWD): Real world data, on the other hand, encompasses all data that are collected outside the constraints of a controlled clinical trial environment. RWD includes data from electronic health records (EHRs), claims databases, patient registries, and wearable devices. While RWD is a subset of big data in healthcare, it provides a comprehensive view of patient health and treatment outcomes in real-world settings, offering insights into the effectiveness of therapies beyond the confines of clinical trials.
From electronic health records (EHRs) to genetic sequences, wearable device metrics to administrative records, the multitude of data streams generates various forms of data, such as:
Access to big data in healthcare serves as a transformative force with the potential to enhance patient care, research advancements, and operational efficiency. Invaluable insights not only refine clinical decisions and predict disease trends, but drive other applications that include:
Utilizing big data in healthcare requires significant privacy and security considerations. Organizations need to address:
Organizations can access big data in healthcare through the Datavant ecosystem. Datavant connects disparate data sources, empowering organizations to gain a comprehensive view of patients, uncover new insights, and deliver on business objectives.
The Datavant ecosystem provides access and connectivity to various data, including:
Big data in healthcare holds immense potential in transforming healthcare. With Datavant, organizations can securely access healthcare data.
AnalyticsIQ, a marketing data and analytics company, recently adopted Datavant’s state de-identification process to enhance the privacy of its SDOH datasets. By undergoing this privacy analysis prior to linking its data with other datasets, AnalyticsIQ has taken an extra step that could contribute to a more efficient Expert Determination (which is required when its data is linked with others in Datavant’s ecosystem).
AnalyticsIQ’s decision to adopt state de-identification standards underscores the importance of privacy in the data ecosystem. By addressing privacy challenges head-on, AnalyticsIQ and similar partners are poised to lead clinical research forward, providing datasets that are not only compliant with privacy requirements, but also ready for seamless integration into larger datasets.
"Stakeholders across the industry are seeking swift, secure access to high-quality, privacy-compliant SDOH data to drive efficiencies and improve patient outcomes,” says Christine Lee, head of health strategy and partnerships at AnalyticsIQ.
“By collaborating with Datavant to proactively perform state de-identification and Expert Determination on our consumer dataset, we help minimize potentially time-consuming steps upfront and enable partners to leverage actionable insights when they need them most. This approach underscores our commitment to supporting healthcare innovation while upholding the highest standards of privacy and compliance."
As the regulatory landscape continues to evolve, Datavant’s state de-identification product offers an innovative tool for privacy officers and data custodians alike. By addressing both state-specific and HIPAA requirements, companies can stay ahead of regulatory demands and build trust across data partners and end-users. For life sciences organizations, this can lead to faster, more reliable access to the datasets they need to drive research and innovation while supporting high privacy standards.
As life sciences companies increasingly rely on SDOH data to drive insights, the need for privacy-preserving solutions grows. Data ecosystems like Datavant’s, which link real-world datasets while safeguarding privacy, are critical to driving innovation in healthcare. By integrating state de-identified SDOH data, life sciences can gain a more comprehensive view of patient populations, uncover social factors that impact health outcomes, and ultimately guide clinical research that improves health.
Both payers and providers are increasingly utilizing SDOH data to enhance care delivery and improve health equity. By incorporating SDOH data into their strategies, both groups aim to deliver more personalized care, address disparities, and better understand the social factors affecting patient outcomes.
Payers increasingly leverage SDOH data to meet health equity requirements and enhance care delivery:
Payers’ consideration of SDOH underscores their commitment to improving health equity, delivering targeted care, and addressing disparities for vulnerable populations.
Capital District Physicians’ Health Plan (CDPHP) incorporated SDOH, partnering with Papa, to combat loneliness and isolation in older adults, families, and other vulnerable populations. CDPHP aimed to address:
By integrating SDOH data, CDPHP enhanced their services to deliver comprehensive care for its Medicare Advantage members.
Value-based care organizations face challenges in fully understanding their patient panels. SDOH data significantly assists providers to address these challenges and improve patient care. Here are some examples of how:
By leveraging SDOH data, providers gain a more comprehensive understanding of their patient population, leading to more targeted and personalized care interventions.
While accessing SDOH data offers significant advantages, challenges can arise from:
To overcome these challenges, providers must have robust data integration strategies, standardization efforts, and access to health data ecosystems to ensure comprehensive and timely access to SDOH data.
With Datavant, healthcare organizations are securely accessing SDOH data, and further enhancing the efficiency of their datasets through state de-identification capabilities - empowering stakeholders across the industry to make data-driven decisions that drive care forward.
Explore how Datavant can be your health data logistics partner.
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