How Business Analytics Is Used In Health Care? Business analytics are a natural and strong fit for the healthcare industry when it comes to research and development. As doctors, pharmacists, and scientists conduct research and develop theories to improve patient health, insights from big data can lead to breakthroughs and increase efficiency. What are examples
How Can An Health Insurance Company Use Analytics? Allocation of resources/triage. Reserving/settlement values. Identification of potentially fraudulent claims. Early warning of potentially high-value losses. Expense management. Why would a health insurance company invest in analytics? Using analytics to determine competitive rates for Insurance products: Insurance companies can run predictive analytics on the insured patients health
How Health Care Big Data Bad? However, more recently, healthcare researchers are exposing the potential and harmful effects Big Data can have on patient care associating it with increased medical costs, patient mortality, and misguided decision making by clinicians and healthcare policy makers. What are the benefits and risks of big data to patients and