The healthcare industry has undergone major transformations over the past few years and has adopted numerous new techniques - remote patient care, online health records, and data-driven care, to name a few.
While these changes have increased the industry’s efficiency, they have also given rise to a new set of problems that include theft of patients’ data. Healthcare agencies are tasked with protecting the patients’ details and medical information. For such agencies, data becomes their best friend. Data can help them address security and fraud prevention. Not only this, it can help them anticipate and address these issues.
Big data analysis is far more efficient than the traditional methods used for the prevention of fraud, waste, and abuse. Some of its benefits are:
Can process a large volume of historical data using complex algorithms.
Business process automation can run real-time analysis before proceeding to the next step.
The analysis is based on both enterprise and unstructured information from the Internet.
Service is available online as a web-service which does not mandate software installation on the client premise - “Pay as you use”.
Big data analysis software undergoes continuous self-learning on the basis of transactions made on an ongoing basis.
Data-analytics, or big data, is increasingly becoming the health ...
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