The New York Times Published an interesting opinion piece written by President Obama's Healthcare policy advisors
. It talked about how payment reform in healthcare would render traditional insurance companies obsolete, and give rise to a new type of healthcare organization (ACOs) that are focused on outcomes instead of fee-for-service. What really caught my eye is the following statement they made on the role Health IT could play in ACOs:
A.C.O.’s will require enhanced information systems to track patients and figure out how to deliver more effective care, but this analytic capacity will be directed at improving health outcomes, not at imposing barriers to those seeking treatment.
In the 1990s, we lacked the information technology and proven models of integrated care delivery that we have now. These advances will allow A.C.O.’s to simultaneously improve health outcomes and reduce costs.
ACOs need to crunch vast amount of clinical and population data to stratify risk, price their services, target vulnerable population, and deliver targeted interventions. Sound to me that the market condition for Big Data Analytics in healthcare is finally coming. What do you think?