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In my previous blog article talked about “BPM and Healthcare Connections“
Here am back again….with the BigData and Healthcare Connection!!
“Bigdata” is the most talked about buzz word these days be it any meeting, discussion, conference or event. It looks very promising considering the data (structured/unstructured) used for analytics and predictions than the regular transactional data.
The other field/domain that is catching-up these days after the BFSI(Banking & Financial Services – saturated by the IT implementations) is the Healthcare and Lifesciences domain!!. With the current steps, reforms and measures taken by the Government of US – all eyes are focused on this sector.
On what ground can we say BigData sounds promising in the Healthcare arena ?
Every time we step in to a hospital or do a medical checkup (blood pressure, ecg, ultrasound….etc…) the end result is some data points. The sensors used for monitoring the health of a patient or informations shared via social media everything adds on, making the data heavy and rich.
As someone has very rightly said “‘In God we trust. For all others, bring on the data’” 🙂
So, the data we collect in all these cases can be channelized to do some predictive analytics and study for assisting the patients better.
Quick snapshot of the channels via which we get all the health related data :
Business Benefits :
The business benefits we can think of, based on the predictive analytics done on the patient data are :
- Better assistance to Patients at reasonable cost
- Less burden on the Insurance Companies (as most of the data can be used to predict the health condition of the people and reduce unnecessary claims)
- Reduction in hospital cost
- Maintaining records of Patient data from multiple channels
- ….and many more
The “4Vs” :
From a Bigdata perspective “4Vs” that are pronounced loudly are shown in the image below
If we try to quickly relate it from a healthcare front :
- Lab Test Data
- Patient Data
- Drug Details
- Clinical Records and Sensor Data
- Scan, ECG and X Rays
- Multiple channel data
- Photos and videos
- Clinical Research
- Real time analytics
- Predictive analytics
- Archived Data
- Pattern of symptoms for patients
- Monitoring Patients
- Individual Test data
- Reported Results
So, this was a quick stab from my end as an amateur for connecting bigdata and healthcare 🙂
Veterans and Professionals in this arena can definitely throw some more insightful information in this context.
Happy Learning!! 🙂
BPM and Healthcare Connections!!
If we quickly glance over the different domains where Business Process Management has been more leveraged and incorporated, the BFSI (Banking, Finance and Insurance) sector is pronounced predominantly and the one that is exploited the most.
The same thing is catching up with Healthcare and Lifescience domain these days. Pharma and Drug companies have started adopting the process driven approach to counteract the business challenges.
The next question that arises is “Whats the Challenge!!”
Well, to answer that, if you would have seen, each time you visit a drug store, there are different brands of the same composition of drug.
Few days back got a Cod-Liver Oil capsule and there were two brands for the same “Merck” and “Sanofi” (the names of the firms are used just for reference). So, the statement taht I want to amke is, sometimes it creates a confusion in the mind of the customer or the patient which one to opt for, or the other way for a doctor which one to suggest.
In simple terms – Its a “Competitive Market” outside.
And when it comes to Pharma and Drug its very risky as it can hit a life of a human for any minor mistake or flaw.
So, in order to drive for a better patient care and providing drugs at reasonable rates, the heathcare organizations have to focus on the clinical excellence process and quality procedures.
To add on, the adherance to the safety guidelines and the compliances laid down by the Governmanet/Country are something that cannot be compromised to gain better benefits.
So in a nut-shell if we see the Business Challenges are ;
- – Operational Cost Reduction
- – Adhering to the Government Compliance laid down by the Regulatory bodies(eg: FDA)
- – Access to some of the reliable patient information
- – Streamlining the process and expediting it with followups
- – Lack of structured Review procedures
- – Reporting and Charting with visual statistics
- – Flexibility to change by the Business
Considering the above loopholes, BPM can definitely play a crucial role in prividing a flexibilit and bridging the gap for maximum efficiency.
Once the journey starts for Healthcare firms (which has already geared up in a full fledged fashion) the benefits of the generic BPM implementation can be leveraged :
- The 4Ms of the BPM can be explored :
- – Modelling
- – Managing
- – Monitoring
- – Measuring
- even the 5th “M” – Media can be used with Social BPM approach
- Transparency and better Visibility of the Process
- Case Management
- Enterprise repository for Document management
- Rules Engine for maintaining business rules
- Rule Delegations
- …and many more features
BPM definitely provides a great platform for managing critical processes, stramlining it and delivering it at ease with a open space for scalability/flexibility.
PegaBPM has also lined up its Industry specific frameworks, to serve the Pharma and healthcare companies and equipped them to face the Business Challenges.
Healthcare Framework : http://www.pega.com/solutions/by-industry/healthcare
Lifesciences Framework : http://www.pega.com/solutions/by-industry/life-sciences
Sometimes I personally feel, the implementations in Banking & Finance sector has been saturated and there is hardly any space not penetrated by BPM. Healthcare and Lifesciences is definitely and great welcome and a nice way to groom the processes in an organized fashion.
Happy Learning!! 🙂