27 Oct '15, 11am

The power of Big Data! Using big data to fight chronic diseases - #bigdata #tech

This is not a sustainable framework to handle chronic diseases, Dr Lim rightly argues. Instead, a better financial model for managing patients with chronic diseases is capitation, a system where the doctors are paid a guaranteed sum per patient for a specified total population. This provides incentives for all stakeholders towards keeping the patient as healthy as possible at minimal cost, and forms the basis for value-based healthcare. As Dr Lim noted, capitation models were eschewed previously because quality of care was difficult, if not impossible, to ascertain in a data-poor milieu. But the situation today is radically different, with electronic records readily available, making objective assessments of clinical quality and payments feasible.

Full article: http://www.todayonline.com/singapore/using-big-data-fight...

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