Big Data: Health Care’s Brave New World
Data Analytics Promise To Change How Health Care Products Are Used, Approved, And Reimbursed
Executive Summary
Health care is in the midst of a major transformation as data becomes the focal point of vital decisions that will affect patient care and everything used to deliver that care. Just as other industries have found ways to utilize data analytics to turn “Big Data” into a cost savings and efficiency tool, so too is health care moving to embrace the potential of Big Data to both improve patient care and impact the bottom line. For device manufacturers, this shift could bring a fundamental change in the way medical products are assessed, adopted, and reimbursed.