5 Simple Rules for Building a Successful RWD Capability
Real World Data strategies and how they cut healthcare costs
Real World Data (RWD) describes the rich and varied data generated through the digitization of healthcare: electronic medical records, medical and pharmacy claims, and patient generated data from the rapidly growing Internet of Things and social media.
Until now, life science companies had limited expertise in using syndicated claims and electronic health record (EHR) data to address a narrow set of issues related to safety and surveillance, health outcomes, and economics. In 2016, life sciences companies will evolve their capabilities to access and analyze RWD in response to market pressures to reduce cost and to transition from volume to value.
“Deploying RWD analytics requires not only the development of a modern data integration and analytics platform, but also a data science team with expertise in advanced statistical methods and modeling techniques.”
Research networks enable payer and provider organizations to collaborate on research projects while retaining their data behind the corporate firewalls.