Question

. How does data create value in healthcare for the following entities?

a. Providers (Hospitals, physicians)

b. Patients

c. Payers or Insurance companies

Answer 1

Data plays a critical role in every part of everybody's life and activity. It has variant and distinct function according to the individuals roles and responsibility. Following are some major role of data in the life of certain important personalities, such as

• Health care providers; They are the one who may create and maintain the individual's healthcare data in a proper way. This kind of data is really valuable to them, because it contain what they had examined in the past, what they had diagnosed, what they had been treated and what was the individual result or response for their approach. These all are present in this data, so it is making much value to this kind of entities.
  
• Patient; For this kind of entity, the data would be their part of the life's history. By means of having their data their past and current data, their health care activity can be analysed and get treated whenever it necessary. It also very much value for them to approach and get benefits from the Insurance or health policy organization.
  
• Insurance companies; The data that are provided by the healthcare facility help to determine the payers about the expenditure of certain health procedure and total cost of the health treatment. It is very much valuable to them to meet their company guidelines and be gained from the individual. Their whole organization is totally depends on the individual's data.