The 21st Century Cures Act’s interoperability mandate is creating a sea change of opportunity in the market.
Payers are required to make their claims databases accessible, and providers their electronic health records databases. Providers will be able to use claims to fill gaps of knowledge in their patients’ histories - payers will have access to timely and detailed health information of their members. Patients will be able to delegate their data to app developers. Altogether, the increased transparency aids the adaptation of value-based alternative payment models by enabling better outcome monitoring.
We at Sound Prediction are at the forefront of adapting emerging market standards in healthcare data, such as HL7 FHIR, and integrating these standards within broader technical stacks to seemlessly provide insights to healthcare stakeholders.