The Business Case for Health Data Sharing

Day-by-day, the business case for data sharing is growing stronger. In this essay, I’ll describe how COVID-19 is accelerating existing healthcare trends, how data sharing is becoming a key business strategy, and how you can learn more about these developments.

COVID-19 Accelerates Existing Trends

This might surprise you — one result of COVID-19 isn’t so much a new normal as it is the acceleration of pre-existing trends. Andreasen Horowitz venture capitalist Julie Yoo wrote about this in her masterful article: Healthcare: The Great Unlock.

She lists and describes six healthcare trends that are accelerating:

• Unbundling of the hospital
• Value (or outcome) based care and payments
• Consumer or patient directly at the center
• Re-contouring of provider networks as the boundaries of clinical capacity extend beyond traditional geographic lines
• Greater interoperability of data
• Automation

“We hypothesized that these strong tailwinds were going to change the landscape of healthcare entirely… but that, realistically, they might take on the order of 10 years to play out. Now, because of the forcing function of COVID and its incredible ripple effects across the system, it is more likely that they will play out in the next 2-3 years.”

Accelerating Trends Strengthen the Business Case for Data Sharing

Each of these trends strengthens the business case for data sharing. Let’s take a look at them one-by-one.

Read the full article in Healthcare IT Today…

…and learn about the MANY strategies, value propositions, and use cases that support the business case for data sharing in an upcoming virtual conference —