Every good-sized healthcare organization wants to establish a data repository/data warehouse and get intelligence out of it, according to Prem Pusuloori, chief technology officer of OmniMD, a certified cloud EHR, practice management and medical billing platform provider.
As healthcare organizations continue to amass stores of electronic information, an opportunity has emerged for service providers to host and manage the data repositories.
Healthcare organizations possess more electronic data than ever before, a situation that has opened up a data management opportunity for service providers.
Clinical data, once confined to paper charts, is increasingly housed in electronic health record (EHR) systems. EHR adoption has skyrocketed in recent years. The Office of the National Coordinator for Health IT reports that 59% of hospitals use at least a basic EHR system. That figure compares with a 9.4% adoption rate in 2008. Among physician practices, the EHR adoption rate was 78% in 2013 compared with 18% in 2001, according to the Centers for Disease Control and Prevention. The sharp uptick in EHR use coincides with the federal Meaningful Use initiative, which offers financial incentives to hospitals and physicians who deploy EHR systems and meet government guidelines.