Healthcare providers are realizing that massive amounts of data don't do anyone any good unless this data is distilled into relevant information that improves quality of care and helps contain or reduce costs.
In fact, companies that just sell information won't last long unless they turn that raw data into analytics and clinical insights, according to an article written by three managing directors of L.E.K. Consulting and published in the Harvard Business Review.
One option is to become the authoritative source for a particular kind of information, the article says, but a better solution is to evolve from providing data to deriving insight -- transforming information to support better decisions.
"In healthcare, providers don't want data, they want solutions that lower costs and improve outcomes," the authors wrote. "(Healthcare IT) firms that deliver those solutions are the ones that will be around in five years' time."
LUMEDX, the leader in cardiovascular data intelligence and a pioneer in cloud-powered healthcare solutions, offers a comprehensive suite of technology and services that enable meaningful analytics, streamlined CV workflows, and optimal integration of clinical and EHR data. The data our systems collect and transmit can be leveraged into real-time performance insights, enabling better healthcare, reduced costs, and the best measure of good data: positive outcomes.
For more information about how we help our customers make the leap from data to insight, read about our Cardiovascular Performance Program.