Benefits and Drawbacks of Metadata in the Healthcare Industry

Benefits and Drawbacks of Metadata in the Healthcare Industry

Table of Contents

Title Page        i

Table of Contents        ii

Introduction        1

Business goals of Healthcare Providers        1

Goals of lawmakers         2

Role and impact of metadata        3

Consumers and Lawmakers concerns        4

Impacto f policy control        5

Conclusion        6

Benefits and Drawbacks of Metadata in the Healthcare Industry

Introduction

Many corporations today take advantage of technology and the collection of diverse data in order to better serve their customers; it is no different for the Healthcare industry. Big data refers to large and complex data sets that go beyond traditional data processing tools (Global Congress, 2014). Analyzing big data helps with improving and personalizing the care offered to all patients in order to achieve the goal of wellness efficiently and at lesser cost to patients.

Regulations are necessary to protect many aspects of the market place, including workers, and consumers within each industry; the government generally creates and enforces legislation to protect everyone’s rights in this free market place. In the Healthcare industry, HIPPA addresses one of the major concerns which is the privacy of patients, and the FDA regulate products and medical devices. Big or small, all corporations within the healthcare industry must adhere to the same regulations to achieve the balance between patients’ wellness and the healthcare providers’ business goals. With the increased use of technology, there is a shift towards digital data input and storage; the use of portable medical devices for health monitoring to collect data and generate digital records for administering patients’ health records and solutions more efficiently. With the use of technology, comes additional regulations to ensure the security and privacy of all digital data.

Business goals of Healthcare Providers

Healthcare organizations strive to improve the quality and efficiency of services delivered to their patients by personalizing the care provided to their clients. When exploring the goals of healthcare providers, the Massachusetts General Hospital for instance indicates on its website that  the institution’s goals consist in achieving “quality care, excellent clinical practice, cost effectiveness and efficiency” (Patient Care, n.d.) , and to support this vision, the Hospital plans on developing programs aiming at satisfying individuals and families model by developing relationship-based care model with their patients; this will include the design and implementation of information systems that support patient care, education, and research (Patient Care, n.d.).