Big data is helping
businesses save costs, gain a competitive advantage or identify new opportunities,
and the healthcare industry is no different. Big data technologies help
predict illnesses, save lives and improve the overall quality of life. With modern predictive methodologies in place,chronic
diseases and illness can be predicted before the manifestation of symptoms. This
helps in early interventions resulting in saved costs, resources and lives.
Provider
Fraud Waste and Abuse
- Fraud- Intentional deception
- Abuse- improper billing
- Waste- carrying out unnecessary treatments
Such practices cause losses in the billions
each day for the healthcare industry. Efficient and advanced IT solutions play a
crucial role in reducing such waste.
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