Healthcare Data Modernization: The Importance of Having a Modern Data Platform

Data is one of the most valuable but underutilized resource in the healthcare industry. Healthcare data has become increasingly digitized over the years; it is a diverse and complex beast that’s unlike any data in other industries. Many healthcare organizations have recently moved on from traditional volume-based revenue systems to models built on quality performance. This switch is improving both cost and quality outcomes, but it has also brought upon the daunting task of integrating and analyzing a massive amount of data within their healthcare data ecosystems.With more data to manage than ever, your organization may be at a critical junction when it comes to decisions on next steps to take to modernize your data platform and approach. Read on to learn more about the importance of having a strategy for modernizing your healthcare data platform and the tools to help get you there.Why is a Modern Data Platform (MDP) Important?Data and analytics capabilities are no longer “nice to have” for healthcare organizations; they are a necessity. Below are a few reasons as to why healthcare data modernization is critically important for your organization today:

• A modern data platform (MDP) helps you govern, modernize, manage, and optimize your data and analytics ecosystem for better, high-impact business and clinical data insights.
• It gives your organization confidence in the quality of data you’re using for informed decision-making.
• Your organization can use the data that comes from a MDP to deeply understand and respond to your patients’ needs across your healthcare landscape.
• A MDP can allow your organization to continuously be innovative, and better meet each of the goals as outlined in IHI’s Triple Aim.