Quantzig’s Metadata Management for A Leading Healthcare Services Client Helps Overcome Data Entropy and Data Degradation
The client: A fortune 100 healthcare services company, Size: >$25 million in revenue, Area of engagement: Metadata Management Healthcare services form one the most fundamental sectors of the economy and the society in general. The healthcare services sector comprises of several organization offering services such as healthcare, clinical trials, medical tourism, and health insurance among […]READ MORE >>
The client: A fortune 100 healthcare services company, Size: >$25 million in revenue, Area of engagement: Metadata Management
Healthcare services form one the most fundamental sectors of the economy and the society in general. The healthcare services sector comprises of several organization offering services such as healthcare, clinical trials, medical tourism, and health insurance among others. It is, in fact, one of the largest sectors both in terms of employment and revenue. The issues related to affordability of healthcare, shortages, and unequal distribution of skilled health personnel are the major constraints faced while providing universal access to healthcare. Additionally, the healthcare industry can be segmented into two segments, namely public hospitals and private hospitals. The public healthcare services segment is overburdened in most of the countries where universal health care coverage is available for all citizens. Moreover, factors such as poor quality of healthcare services and long waiting time are driving the private healthcare services market.
The Business Challenge:
The client, a leading player in the healthcare services industry, approached our team of experts to help them devise an effective metadata management strategy to ensure relevant, consistent, and actionable control of their data ecosystem. They also wanted to increase the lifespan of their organizations’ datasets. Therefore, the healthcare services provider was looking at developing and maintaining a comprehensive metadata management system to avoid the issues such as data degradation and data entropy.
The Solution and the Business Impact:
The metadata management solution offered by the experts at Quantzig helped the healthcare services provider in developing a robust metadata management system. It also assisted them in maintaining historical records of long-term data sets and making up for the discrepancies that generally occur while documenting data, personnel, and methods. Moreover, implementing a robust metadata management system helped them in reusing datasets that were initially designed for a specific purpose. Thereby, helping them reduce data degradation by expanding data longevity.
Metadata Management Solution Predictive Insights:
Deciding whether or not your company needs to implement an effective metadata management system calls for the same evaluation steps involved in software adoption. It includes a comprehensive analysis of your organization’s data management and data governance capabilities. Metadata management helps firms in analyzing the datasets to derive actionable insights from them in the long run. It also facilitates data reuse by ensuring quick interpretation of complex datasets. Investing in developing a robust metadata management system will soon not be optional in an era where information is the decisive life force of an organization.
Here are a few developments that are bringing about disruptions in the global healthcare industry:
- Rapidly changing patient engagement models: The increasing need to be informed and educated on various diseases and their occurrence has brought about several changes in the patient engagement models. This has accelerated the need for healthcare service providers to engage with their customers appropriately with the right educational technologies to deliver the relevant information. Moreover, this has prompted healthcare service providers to ensure that they offer a seamless experience across all functional areas of the patient’s journey.
- Enhanced screening and patient information management: Efficient pre-treatment is offered by leading healthcare service providers to enhance their service efficiency and cater to a larger customer base. The emergence of digital technologies such as IoT has significantly enhanced the efficacy of patient diagnosis and information management. Innovative digital sensors and digital imaging tools have further improved the process of diagnostic scanning and in vitro testing.
- Continuous post-treatment monitoring: The incorporation of analytic capabilities in healthcare facilitates constant monitoring and support. Also, digitization has paved the way for automation of medical facilities via cloud-based platforms. Some of the post-treatment monitoring services include remote monitoring and online prescription services.
To succeed in this digital era, healthcare service providers must consider implementing technological innovations in their processes to process complex data and detect genetic risk indicators. Moreover, digital awareness is vital in making the best use of technology in the healthcare industry. This is because digital innovations can play a crucial role in addressing some of the healthcare issues that we have today. Embracing digitization can significantly optimize the way in which the healthcare industry functions.
Want to know more about our approach to metadata management and how we helped a healthcare services provider identify and adjust to the latest healthcare industry trends?