Health Information Exchange
About the Health Information Exchange Market
The Healthcare Information System market includes systems that aid in the collection, storage, management and transmission of patient medical records either between patients or to other healthcare provider. Healthcare information systems may also include systems that handle the data related to activities of health organizations and providers all leveraged to improve patient outcomes and continued informed research. This multi-billion-dollar market is projected to grow at a CGAR of up to 10%.
RECORDS ACCESS SERVICES CANADA, INC.
The adoption of big data is in response to three major shifts in the healthcare industry: the vast amount of data available, government regulations, and a focus on personalized care. The availability to be able to collect this valuable data was obviously not always possible but with the advent of powerful computing systems and when health records went digital, the amount of virtual data health systems had to handle rose steeply. In addition to EHRs, vast amounts of data come from other sources, such as wearable technology, mobile applications, digital marketing efforts, social media, and more. All of this adds up to an incredible amount of information, spurring health systems to adopt big data techniques and technologies to effectively collect, analyze, and take advantage of this information.
CeCors, Inc. is capitalizing on this market through its wholly owned subsidiary Records Access Services Canada, Inc. Through RASCi's unique business model and method of collecting medical records, RASCi has been amassing a vast database of records and adopted a system that has made it viable to be able to transfer such information between patients, law firms, doctors, insurers and title companies, as well as other groups who depend on a secure and fully audited transfer of records process. The same model will be used to expand into US market as well as other global markets.
Benefits of Healthcare Big Data
Changes have already begun with Healthcare Big Data and how it is being used. Its benefits will have worldwide lasting effects in many ways. Clinical studies for cures and medications will no longer be relegated to long expensive clinical studies but with the addition of healthcare data, time periods and gaps for these studies that will lead to cures and breakthroughs will be shortened.
Big data holds potential for improvements in various areas of a healthcare organization. It can analyze huge amounts of clinical data at a very rapid speed and gather key insights to aid patient care. Harnessing big data can help achieve six critical objectives in healthcare
Build sustainable healthcare systems
Collaborate to improve care and outcomes and create preventive care strategies with data analysis
Increase access to healthcare
Boost healthcare marketing efforts with information about consumer, patient, and physician needs and preferences.
Analyze trends within a single hospital or greater a healthcare network to benefit research and care procedures for enhanced population health outcomes.
Optimize growth by improving care efficiency, effectiveness, and personalization.
Big data holds potential for improvements in various areas of a healthcare organization. It can analyze huge amounts of clinical data at a very rapid speed and gather key insights to aid patient care. The use of business intelligence along with real-time data allows healthcare professionals to make more accurate diagnoses in an efficient and timely manner. The use of big data is expected to grow in the medical field and will continue to pose lucrative opportunities for solutions that can help save lives.