Forward thinking providers should consider not just which data to analyze, but in what context and with what goal(s) in mind in order to accommodate the shift to value-based reimbursement.
Healthcare is moving quickly and irreversibly into a new era of risk-based accountable care. This business model will leverage predictive analytics on big data as a primary conduit to adapting and eventually succeeding in value-based purchasing programs. As such, it’s critically important to bring together traditional clinical and financial data in meaningful ways. However, there are many other sources of data available that can be factored into analysis. If properly collected and processed, this can provide valuable insight into managing care and aligning resources in ways that improve outcomes while also achieving value metrics.