Data is the new fuel in this twenty-first century. Various types of data are being generated day by day, and the amount of data is increasing at an exceptional rate. One of the types is healthcare data. This data is very sensitive and can be used as a savior if found in the good hands and can prove to be disastrous if landed in the wrong hands. That's why healthcare data warehouses are needed. These reasons are explained below: -

1- A safe and Secure Respiratory

All the healthcare records are maintained at a central location from where every single data, whether of patients or medical professionals, could be extracted hassle-free. The data warehouses are very secure and encrypted with a 128-bit encryption level. Also, the data warehouses are located at a secret location known only to limited persons. Hence safety and security of data are maintained at every step. 

2- Hassle-Free Data Extraction

Any data can be extracted easily from a single server with a single click. Hospital administration doesn't have to look for various departments for a file. What they have to do to input the required file name on their computer system and access the file. 

3- Analysis of Big Data

The healthcare data of a hospital is considered part of big data. And researchers and medical professionals can utilize this big data to draw useful conclusions, like the effect of a particular medicine on a specific medical condition, the quality of medical devices and their lifetime, etc. This improves the quality of medical care and improves the productivity and profitability of the hospitals. In this way interests of both, the patients and administration are served. 

4- Transactions Efficiency

The billing and records are simultaneously stored in the healthcare data warehouses; hence, any unauthorized person cannot manipulate the transaction bills. Auditors do not find any problem in auditing the records, and they can easily surface any hidden frauds. This imparts psychological pressure on the employees to avert any undue influence from any third party and improves transparency and accountability.

5- Easier Claim Process of Insurance

Insurance companies rely on the patients' medical records before approving any claim. But they require a lot of paper and documentation work which patients find quite tedious and cumbersome. Here come the healthcare data warehouses as saviors. The hospital employees check for all the required documents the patients need and give them to them at a single place without any hotch-potch. Thus claims are easily approved.

6- Artificial Intelligence and Machine Learning

With the advent of machine learning and artificial intelligence, healthcare data warehouses have become a source for data mining while keeping the authenticity and privacy policy in mind. Recent data-driven technologies have led the medicine market and developed state-of-the-art medical devices and drugs, which were once thought to be impossible. 

So these were the most important reasons which make the need for the healthcare data warehouse an utmost necessity. In recent times, healthcare data warehouses have proved their feat and have managed to make the work of healthcare professionals more hassle-free and less tedious. 

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Author's Bio: 

Dr Santosh Guptha, CEO – MEDESUN is a dynamic leader in Healthcare Information Management, an expert in the field of coding analysis, EM auditing, and ICD-10-CM, ICD-10-AM Coding with a career span of more than a decade. He was instrumental in developing various ICD-10 coding tools, guides and has authored various ICD-10 training programs, blockchain technology in healthcare etc. Dr.Santosh Guptha has extensive knowledge in all areas of HIPAA, privacy and security, and the application of HIPAA requirements in physician’s offices and facilities settings.