Healthcare Data Analytics

Comments on the Pandemic-Shaped Outlook for Healthcare Data Analytics

MIAMI, FL – The near-collapse of national healthcare systems at the height of the global pandemic underscored the dire need for wide-scale emergency preparedness, along with highlighting the critical importance of extracting actionable insights from high-quality, readily available data. “From the start of this unprecedented public health crisis, it became apparent that healthcare providers around the world were struggling to capture and analyze data fast enough to mount an effective response,” says Trevor Silver, founder and CEO of Exusia. “While the amount of information collected by these organizations has been growing exponentially over the past decade, fully capitalizing on it has been moderately successful at best. With scientists and public health experts warning that the frequency and scale of future pandemics are likely to increase, it has become imperative for healthcare providers to implement the lessons learned as quickly and thoroughly as possible.”

Data has become a vital decision-making driver for healthcare systems worldwide as providers strive to improve patient outcomes while also reducing expenditures, Trevor Silver notes. The global pandemic brought into sharp relief the need for copious, relevant, and real-world data, accelerating the adoption of advanced analytics solutions to support healthcare organizations in their efforts to address systemic complexities, identify populations at risk, and deliver timely treatments. Given the steadily progressing digitization of medical services and the gaps exposed by the pandemic, the industry is increasingly relying on analytics to achieve optimal outcomes by applying valuable insights to patient, hospital, and cost management. As a result, spending on healthcare analytics is forecast to grow at a compound annual rate of 26.6% from 2020 to 2026, rising from $14.6 billion to $59.7 billion over this period.

Importantly, the pandemic has demonstrated that the traditional models of collecting and analyzing data cannot remain in place since prompt and effective responses to public health crises are likely to increasingly require concerted actions, according to Trevor Silver. As noted in an industry publication, “It’s more critical than ever to build platforms and create expert data teams which can quickly synthesize models to forecast patient volume and supply availability – that can be adjusted in real time – to create safe spaces for patients to seek care and for healthcare workers to provide care.” This need is expected to drive more partnerships among traditionally competitive markets, cross-functional cooperation, greater transparency across the healthcare supply chain, and the implementation of analytics programs that support long-term healthcare goals.

For the past two decades, Trevor Silver has channeled his energy and expertise into driving innovation across the analytics and data engineering market. In 2012, he founded Exusia in New York City, embarking on a mission to offer enterprises advanced tools and solutions in the areas of analytics, data engineering, and cloud computing. Through his company, Trevor Silver has been helping organizations in the healthcare, financial services, telecommunications, hospitality, entertainment, energy, and consumer products industries, equipping them with the technological means to handle massive data volumes and complex data engineering requirements. The consulting and software solutions provided by Exusia enable clients around the world to operate competitively by growing revenues, optimizing cost structures, and satisfying regulatory requirements.

Contact Information:
Exusia, Inc.
Harpreet Mehta
Senior Director – Global Operations
pr@exusia.com
http://www.exusia.com

SOURCE: Exusia, Inc.

The cost-efficient delivery of quality medical services is a top priority for governments worldwide, and this task is becoming exceptionally difficult amid the steady increase in aging populations and the need to manage overwhelming amounts of data as healthcare providers undergo a digital transformation. “The 21st century is one of information