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Healthcare Information Trade: SaaS Product Proposal | by Gaurav Nukala | Feb, 2023


Healthcare information change refers back to the sharing of affected person well being data between varied stakeholders, together with payers (insurance coverage corporations), life sciences (pharmaceutical and biotechnology corporations), and suppliers (medical doctors, hospitals, and clinics).

The goal is to enhance affected person care and outcomes by offering licensed stakeholders entry to a affected person’s complete well being document, no matter the place the knowledge was initially generated or saved.

Healthcare information will be exchanged by varied means, corresponding to digital well being data (EHRs), well being data exchanges (HIEs), or direct safe messaging.

Healthcare information change faces a number of ache factors, together with:

Need for healthcare data exchange
Ache factors sharing healthcare information throughout your entire worth chain

Present Trade Strategies

The present strategies of information change in healthcare, corresponding to SFTP, ETL, and e mail, have limitations and are usually not excellent for large-scale information change.:

  • SFTP will be complicated and time-consuming for distributors to arrange, as they should perceive the metadata and construction of the information earlier than they will adequately switch it.
  • ETL will be costly and time-consuming, because it requires a number of guide effort and technical experience to extract, rework, and cargo information from one system to a different.
  • Sending giant quantities of information by way of e mail will not be safe and unreliable, as e mail techniques are usually not designed to deal with such giant quantities of information. Moreover, sending information by way of e mail may end up in information loss or corruption resulting from points corresponding to file measurement limitations and e mail filtering.

These limitations spotlight the necessity for extra environment friendly, safe, and scalable healthcare information change strategies, corresponding to utilizing APIs and cloud-based options.

Aggressive Panorama

The aggressive panorama is consistently evolving, with new entrants and partnerships rising and consolidation by mergers and acquisitions.

The important thing components driving success within the healthcare information change market embody the flexibility to successfully handle and change information, safe information privateness, and safety, and adjust to trade laws and requirements.

healthcare data exchange competitive landscape
Healthcare information change: Aggressive panorama

Fascinating corporations are tackling the healthcare information sharing complexity; nevertheless, they face limitations corresponding to price, scalability, and extensibility.

The excessive price of healthcare data-sharing options can restrict their adoption by healthcare suppliers, particularly smaller organizations with restricted budgets.

Moreover, many supplier techniques have legacy infrastructure that may be troublesome to combine with new options, resulting in elevated IT useful resource prices. These challenges make it difficult for healthcare suppliers to totally understand the advantages of information sharing, corresponding to improved affected person outcomes and lowered healthcare prices.

To handle these challenges, the healthcare information change answer needs to be cost-effective whereas sustaining safety, scalability, and extensibility.

Proposal

The 2 key parts of the proposal are —

  • SaaS Platform to drive the expansion loop
  • Snowflake Information Sharing platform for cost-effective data entry

SaaS Platform

A SaaS platform can present a standardized and centralized platform for healthcare information change, lowering the complexity and customization required for every healthcare group and system. Healthcare suppliers can profit from a SaaS answer with decrease prices, improved safety, and elevated scalability in comparison with ad-hoc options. It’s envisioned {that a} plug-n-play SaaS platform with the beneath important capabilities will drive the expansion of the proposed information change answer —

  • Plug-n-play integrations of all information sources (Scientific, Claims, CRM) for hospital techniques
  • Shared information mannequin standardized throughout a number of 3P corporations inside a class (for ex: CRM)
  • Unified API for the information customers
Growth strategy for healthcare data exchange platform
Development Technique

Snowflake Information Sharing

Hospital techniques are more and more adopting Snowflake’s information warehouse answer for storing affected person data. Leveraging Snowflake’s native “Safe Information Sharing” answer will dramatically scale back the price for the explanations beneath —

  • Safe Information Sharing ensures that no precise information is transferred or copied between accounts. As an alternative, it makes use of Snowflake’s companies layer and metadata retailer for all information sharing. The shared information doesn’t occupy any cupboard space within the client’s account; therefore it doesn’t enhance the month-to-month information storage costs for the patron. The one prices for customers are associated to the compute sources (e.g. digital warehouses) utilized for querying the shared information.
  • There isn’t any want for the information client to have a Snowflake account. Should you’re an information supplier and want to share information with somebody who doesn’t have a Snowflake account or isn’t able to be a licensed Snowflake buyer, you’ll be able to create reader accounts. This reader accounts supply a user-friendly, cost-effective methodology for information sharing with out requiring the recipient to enroll as a Snowflake buyer.
  • Safe Information Sharing platform permits you to regulate and govern entry to your information when sharing it inside your group or externally with suppliers, companions, or prospects. It does this by:
    * Controlling membership
    * Permitting for the administration of entry to information by customized and tailor-made listings
    * Retaining observe of information utilization by auditing
    * Implementing safety measures to guard your information
Snowflake Shared Information Sharing Platform (credit: Snowflake Information Sharing Documentation)

Conclusion

In conclusion, a Snowflake-focused SaaS answer will deal with the constraints in price, scalability, and extensibility current in present options, thus enabling healthcare suppliers to totally reap the advantages of information sharing, corresponding to enhanced affected person outcomes and decreased healthcare bills.

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