Big Data is all the talk these days. Everyone wants to play, but no one has really found a way to monetize this data.
The State of Washington has found a way to monetize the data, but not really in the way that everyone is hoping. They are using the data to save money as opposed to generating income.
The State of Washington instituted a state-wide mandatory ER tracking system. With this system, doctors are able to quickly see what a patient has been recently treated for…regardless of what other hospital in the state they were treated at.
This information allows physicians to make better and more accurate decisions around treatment.
Although the savings can’t be fully attributed to this new tracking initiative, the state quoted a savings of $33.7 million in 2013.