EMERYVILLE, Calif., May 3, 2013 /PRNewswire/ -- "Through 2017, the healthcare data analytics market is projected to grow 8-10 times as fast as the overall economy," Ken Perez , MedeAnalytics' senior vice president of marketing and director of healthcare policy, told a gathering of executives at the Data Analytics in Life Sciences, Healthcare and Biotech Companies conference held yesterday in San Francisco. "This is an exciting prospect, but we need to be mindful that big data by itself cannot reform healthcare," he cautioned. MedeAnalytics is a leading provider of healthcare performance management solutions.
Three Primary Drivers
In his presentation, "Data Analytics in Healthcare," Perez identified the three primary drivers of data analytics in healthcare: 1) the economic pressure caused by rising healthcare costs; 2) health reform with its "Triple Aim" of improving the experience of care, improving the health of populations, and reducing per capita costs of healthcare; and 3) the technology wave of big data and its sequels: information and predictive analytics.
"The challenging economic reality for our nation is that healthcare expenditures are the major driver of our federal government's debt," Perez told the audience. "We're slated to spend $2.8 trillion on healthcare this year in the U.S., over $8,000 per person, and almost 20 percent of our GDP. Obviously, these numbers, and the projected growth of healthcare expenditures, are not sustainable."
"Health reform (the Affordable Care Act), with its underlying Triple Aim as articulated by Don Berwick , former Administrator for the Centers for Medicare and Medicaid Services, includes five major healthcare delivery reforms—accountable c
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