Healthcare: Advantages And Disadvantages Of Public Health

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Advantages to healthcare By digitizing, combining and effectively using big data, healthcare organizations ranging from single-physician offices and multi-provider groups to large hospital networks and accountable care organizations stand to realize significant benefits [17]. McKinsey estimates that big data analytics can enable more than $300 billion in savings per year in U.S. healthcare, two thirds of that through reductions of approximately 8% in national healthcare expenditures. Clinical operations and R & D are two of the largest areas for potential savings with $165 billion and $108 billion in waste respectively [1]. McKinsey believes big data could help reduce waste and inefficiency in the following areas: Clinical operations: Comparative effectiveness research to determine more clinically relevant and cost-effective ways to diagnose and treat patients. Research & development: 1) predictive modeling to lower attrition and produce a leaner, faster, more targeted R & D pipeline in drugs and devices; 2) statistical tools and algorithms to improve clinical trial design and patient recruitment to better match treatments to individual patients, thus reducing trial failures and speeding new treatments to market; and 3) analyzing clinical trials and patient records to identify follow-on indications and discover adverse effects before products reach the market. Public health: 1) analyzing disease patterns and tracking disease outbreaks and transmission to improve public
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