Benefits of Healthcare Data Hubs for Patients, Providers, and Payers

Healthcare data is everywhere, and therein lies the problem. Healthcare facilities and providers need a centralized data hub to store and access patient information.

blog image

With the arrival of electronic health records (EHR) and an ever-increasing amount of data generated by different providers and healthcare systems, the need for a centralized data hub is increasingly clear. A healthcare data hub allows patients, providers, and payers to access and share patient data. It gives patients a larger role in their own care, providers a holistic view of a patient’s medical history, and payers access to medical records for processing claims.

What’s a healthcare data hub?

Patient healthcare data has historically been siloed by provider, separated by department, and aggregated by healthcare facility. Sharing patient data across these boundaries requires time, effort, and technology. A healthcare data hub is a cloud-based data platform for unifying data, which makes it easily accessible by patients, providers, and payers.

Following a set of standards and guidelines enables providers, labs, pharmacies, and facilities to share healthcare data regardless of platform, system, or application. This interoperability allows for a comprehensive view of a patient’s long-term health history, and it can be shared with others relevant to a patient’s care.

Benefits for patients and providers

A healthcare data hub is a vital tool for optimizing patient experiences and healthcare outcomes. A data hub merges clinical and operational data to improve efficiency for providers. They bring together vast amounts of data, and with artificial intelligence (AI) capability, data hubs have extraordinary potential for revolutionizing healthcare. AI-enabled analytics can, for example, predict disease outbreaks, aid in quick and accurate diagnoses, and reduce treatment errors. This level of functionality is promising for reducing the strain on overworked clinicians.

For patients, a data hub lets them access their health records and add, update, and share data with healthcare providers and facilities. For instance, they might wear a remote blood glucose monitor or an activity or fitness device. A data hub can store this information alongside other health data, so providers have a more complete picture of the patient’s history and current health status. With updated data, providers can increase patient engagement, enhance patient experiences, and improve care outcomes.

Data hubs also provide better security for disparate data across health systems and by reducing administrative workload, lower healthcare costs.

Benefits for payers

Payers can also benefit from a healthcare data hub. By merging clinical and administrative data, a data hub provides a comprehensive view of a patient’s entire healthcare journey. Centralized data allows payers to easily verify provider visits, labs, prescriptions, and procedures. This increases administrative efficiency and accuracy, improves risk analysis, reduces coding errors, and boosts reimbursement rates.

Data is a cornerstone of good healthcare and optimal revenue cycle management. For more information about the benefits of centralized data for your healthcare or payer organization, contact the professionals at TruBridge.

Written by Chris Johnson
Senior Director, Revenue Cycle Solutions