As more healthcare providers switch over from paper-based records to digital storage houses, more patient information will become available that may shed light on important correlations. For instance, a recent study by Northwestern University's Feinberg School of Medicine in Chicago collected children's health data and found that peanut allergies are on the rise, up to seven out of every 10,000 children in 2007 from two in 10,000 back in 1999.
To learn about other important data and how to reduce the cost of care, IMS Health and Health Intelligence Company have struck an agreement to share claims data. This agreement will enable analysts to compare information from patients across geographic areas, health plans and demographics.
"We recognize the increasing interconnectedness of healthcare stakeholders, and the power of applying technology to provide integrated patient-level insights to inform the healthcare quality and value dialogue," said Andrew Kress, senior vice president of IMS.
When launching a data analytics strategy, it's important for companies to establish clear-cut goals. This will give them a basis on which to measure the success of campaigns and a standard for verifying data quality