Data management is a critical component of the healthcare industry. It helps clinicians to improve patient care; improves communication between patients, healthcare providers, and stakeholders; and allows physicians to make data-driven decisions. Health data management also plays a role in integrating emerging technologies into the existing healthcare framework and can aid in research efforts to make treatments safer and more effective.
The need for effective data management in health has become more prevalent as healthcare has gone digital and been incorporated into the management of illnesses and the promotion of wellness practices. However, the medical industry still struggles to manage the massive amount of data generated between healthcare providers, digital healthcare startups, payers and government agencies.
With two in five American adults reporting that they use health apps, digital healthcare startups are generating tons of medical data on millions of Americans per day. Healthcare data enablement firm Intelligent Medical Objects recently published a report stating that the medical industry should learn strategies from other sectors to plug the gaps in its own data management strategies.
Prioritizing data standardization would significantly increase the usability of medical data. This would require shared or standard clinical terminology that would allow end users to easily and quickly understand messages. With shared clinical terminology across the industry, the report said, health data would still be recognizable as it traveled further and further away from its original source.
The U.S. Army recently implemented a medical modernization plan that leveraged a universal digital medical record with common message formats, clinical terminologies and data standards for soldiers on the battlefield.
Ditch the “need-to-know mindset” that makes it harder for individuals from different teams from accessing data based on a need-to-know basis. Keeping data with separate teams and systems significantly reduces its usability and the overall effectiveness of health data management.
The medical sector can learn from NASA’s 2021 new data-consolidation strategy to forget about the need-to-know requirement and make data more accessible to employees. NASA now has a chief data officer who is tasked with distributing data across the aerospace agency and incentivizing increased data sharing as part of its new data strategy.
The report noted that making data more accessible would allow medical professionals to analyze information more effectively and gain insights that could enhance patient care.
Hiring data governors and creating governance roles has allowed the aviation industry to manage the data it handles a lot more effectively. The Federal Aviation Administration has an Enterprise Information Management Steering Committee and a Data Chief Office that guide different airlines in data gathering to enhance customer service and make strategic decisions.
According to the report, adopting such a system of data governance that tasks certain roles with specific data management responsibilities and creating protocols for problem list governance as well as maintenance would allow the medical industry to collect more accurate and useful patient information.
Effective data collection, management and accessibility could even help various drug development companies such as BiondVax Pharmaceuticals Ltd. (NASDAQ: BVXV) as they seek to commercialize better therapeutics for the different health conditions patients are grappling with.
NOTE TO INVESTORS: The latest news and updates relating to BiondVax Pharmaceuticals Ltd. (NASDAQ: BVXV) are available in the company’s newsroom at https://ibn.fm/BVXV
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