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theprivatepractice.com.au
According to a recent IBM Global CIO
study, more than 90% of healthcare CIOs for
top-performing organisations cited analytics
as a key focus for their organisations over
the next three to five years, compared to 65%
of underperformers. Furthermore, 83% of
healthcare CIOs said business intelligence
and analytics was their number-one priority.
It is expected that the leading healthcare
companies of the future will apply analytics to
innovate, stand out and remain competitive.
While the future of Big Data in Australian
healthcare seems bright, the process of
adoption and implementation seems daunting.
We are entering an era of open information
in healthcare, with numerous countries
worldwide digitising their medical records.
The Australian Government has spent
over 10 years building an eHealth system,
which can store a patient's health records
electronically. This marks an important step
in the move toward transparency by making
decades of stored data usable, searchable and
actionable by the healthcare sector as a whole.
This increased `data liquidity' has
brought the Australian healthcare industry
to a tipping point. It is at this point in time
that industry professionals, businesses and
stakeholders must consider the potential
of Big Data.
An ageing population combined with
future population growth will result in
exorbitant future costs for the healthcare
industry. We have an abundance of under-
utilised healthcare data and a number of
deep-rootedinefficientpracticesthatinhibit
sectorprogressandenhancedefficiency.
NET BENEFITS
Healthcare stakeholders now have access
to technology that will allow them to make
sense of data and utilise Big Data. While still
in the early stages, Big Data could enable the
Australian healthcare industry to improve
healthcare quality and address the problem
of accelerating healthcare spend.
In March 2013 the Australian
Government released its Big Data Strategy
paper. This was an important step in
recognising the opportunities Big Data
presents to Government sectors, including
healthcare. The next step is implementation.
Healthcare is one of the slowest sectors
to adopt and implement information
technology. In fact, new-technology
adoption is laden with a number of
processes, including an assessment of
theefficacyandcost-effectivenessof
the technologies, deployment of these
technologies within a complex organisational
structure and monitoring the use of these
new technologies.
Despite this, it is critical for the health
industry to stay on top of technological
developments. After all, the priority is
patient outcome.
In the era of Big Data, one of the most
important steps for healthcare practitioners
is to have an online presence. Any healthcare
practitioner that does not have a complete
online offering will miss out on gathering
valuable data and will be left behind in the
face of future competition.
TECHNOlOGY