Implementing big data can revolutionise the healthcare industry and patient management. Read more to know about how big data analysis improves healthcare, big data in preventive medicine and telemonitoring and the cost of its implementation.
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How To Implement Big Data To Revolutionize Your Patient Monitoring System

  • Highlights

  • Reveals patterns and trends

  • Reduces costs and improves healthcare

  • Improves preventive medicine and telemonitoring

  • Implementation requires massive costs

Big data is all the data that is collected, and can be analysed to reveal patterns, trends, and associations related to human behaviour and psychology. It has an increased role to play in various industries especially in the digital age, with healthcare being one of them.
For example, when a clinic/hospital shifts from paper to electronic health records, it saves a great deal of time and money. It makes it easier for doctors to access and share health records of their patients between departments. Moreover, it also makes it much easier for the patients themselves to know what might be happening to them.

How can big data analysis improve healthcare?

Analysis of all this collected data can potentially save crores of rupees in cash, along with many lives by identifying and predicting health trends and epidemics. According to a recent McKinsey report, Big data analytics has increased the contribution of the healthcare industry to the GDP to 17.6%.
Moreover, it also has the potential to save more than USD 300 billion. It also makes it possible for doctors to provide customised healthcare tips to their patients and provides easier access to health plans and insurance.

Big data in preventive medicine

One area where big data can significantly revolutionise healthcare is in preventive medicine. Wearable device like smart watches and activity detectors monitor their wearer’s activity levels and informs about the number of calories burned.
Using this data, healthcare professionals can possibly predict if the patient’s health is likely to deteriorate. This can, in turn, help them advice their patients on what their next move should be with regard to their health management, thus preventing further diseases.
For example, these devices can be useful in monitoring cardiac patients after an attack. Additionally, it can also help diabetic patients keep their sugar levels in control through diet and exercise tips.

How doctors can take their practice to the next level

Big data in telemonitoring

Telemonitoring is another area in healthcare where big data can be extremely helpful. Three markets that will particularly benefit are health plans, self-insured employers, and health systems. Virtual hospital visits to avail a health plan reduces the need to take a leave from work to do so. This is because these virtual visits can be done anytime, day or night from the comfort of one’s home. Additionally, virtual doctor visits also reduce a patient’s exposure to pathogens while waiting in line at the clinic.
Another advantage to telemonitoring is that it lets a doctor meet, diagnose, and treat patients who are at different location. So, experts in far off places can be consulted for difficult cases. What’s more, people in inaccessible areas can also be treated by efficient and qualified doctors.

Big cost for Big data

Thus, implementing big data can revolutionise the healthcare industry in general, and patient management in particular, quite effectively. However, implementing this infrastructure can be a costly affair as it requires a team of professionals as well as IT systems, the costs of which can exceed Rs.1 crore.
These costs can be easily offset with special loan against property for doctors. These loans provide you with pre-approved offers that help you get funds without the wait.

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