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Healthcare sector-big data in limiting data breaches and frauds

The healthcare sector is now exposed to data breaches as it has adopted the online mechanism, for maintain health records or say for remote patient monitoring. Data breaches are not only expensive in terms of costs incurred by the healthcare provider but also in terms of patients' lives. Data analytics helps in interpreting unstructured data, which may help to prevent not only data breaches but also (say, medical prescription) frauds.  Big data analytics allows organizations to amalgamate and analyze their data irrespective of the source, type, size or format and finally understand the patterns needed to address fraudulent activities. Again, by updating, pharmacies, doctors, and hospitals on data insights, concerning substance history information of patients, it is possible to take better prescribing decisions and identify potential prescription drug abuse. Read more at: http://venturebeat.com/2015/03/31/big-data-analytics-can-prevent-health-care-fraud-heres-how/

Sigmaway consultants have worked with clients in benefits solutions workspace providing analytics on healthcare plans. For more details visit http://www.sigmaway.us/

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It's Time For Some Actionable Analytics
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Thursday, 20 June 2019
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