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Deloitte's Life Sciences & Health Care Blog

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Open innovation could lead to a more sustainable health care ecosystem

by Kristin Feeney, Senior Data Scientist, ConvergeHEALTH by Deloitte, Deloitte Consulting LLP

The concept of open innovation extends to every industry, everywhere. Life sciences and health care organizations are no exception, and we are commonly seeing the impact of openness with respect to the explosion of electronic health care data across the ecosystem.

Open innovation can drive the agenda to harness a wealth of extensive network data to help propel innovation in the life sciences industry.

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Predicting and preventing hospital readmission rates

by Doug Beaudoin, Principal, Deloitte Consulting LLP

With the continued shift to value-based care, hospitals are increasingly focused on reducing readmission rates. And preventable readmissions are not just a problem in the US. Globally, 20 percent of patients are readmitted within 30 days of discharge. Researchers in Singapore have developed a web-based tool that predicts a patient’s 15-day readmission rate. By more accurately predicting higher risk patients,

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Real-world evidence: Four shifts ushering in a new era of evidence in life sciences and health care

by Brett J. Davis, General Manager & Principal | ConvergeHealth by Deloitte, Deloitte Consulting LLP

How serious are life sciences companies about real-world evidence (RWE)? Very, according to our new benchmark survey focused solely on the life sciences industry’s investments in RWE. More than half (54 percent) of the organizations who participated in the interviews said they are investing significantly in their RWE programs to increase their capabilities.

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Direct from HIMSS17: The move from big data to fast data in life sciences and health care is underway

by Prabhu Kapaleeswaran, Managing Director, Deloitte Consulting, LLP

“Big” and “fast” are two words that aren’t normally associated with one another: Things that are big (oil tankers, continental plates, etc.) tend to move slowly. But what about with big data? In life sciences and health care many argue that a slower and more calculated approach to big data will provide higher quality and more valuable insights over the long run.

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Blockchain has the potential to transform health and life insurance

by Christine Chang and Sam Friedman, Deloitte Services LP

Blockchain has the potential to be a game changer for health plans and life insurance alike, research by Deloitte’s Center for Health Solutions and Center for Financial Services has found.

The Centers drew on insights from academics, authors, blockchain leaders, and industry stakeholders, who brainstormed through an interactive crowdsourcing platform on how health and life insurers could apply this emerging technology in the next five to 10 years.

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NIH analyzes use of data analytics to improve infectious disease surveillance

by Doug Beaudoin, Principal, Deloitte Consulting LLP

The last decade has seen an explosion of health care data – from increasingly sophisticated electronic health records and the growth of digital health to connected devices and social media. Data analytics has been touted as a solution to many challenges in health care, if stakeholders can appropriately harness the right data at the right time.

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