Healthcare data makes up 30% of the world’s data and is projected to increase to 36% by next year. However, only 57% of this data is used to make informed business decisions due to concerns about accuracy. Healthcare leaders face challenges with data reliability, fragmentation, and management. Issues with patient identity matching hinder access to complete patient information. The introduction of the Match IT Act aims to address patient matching errors. To improve data accuracy, organizations should invest in modern systems like a master data management system (MDM) and ensure compliance with the 21st Century Cures Act. Actions should focus on enhancing data quality, information exchange, and preparedness for a data influx to drive digital transformation in healthcare.
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Healthcare’s Data Problem: So Much Data, yet So Little Data Fidelity
