Data Virtualization in the Healthcare Industry

Data Virtualization in the Healthcare Industry

Technology is always evolving, and every day it’s changing the way we access and interpret data. This crucial data can be transformed through data virtualization in order to be analyzed and create actionable insights. Data virtualization is a useful tool that bridges several different types of fields and industries including healthcare.

What is Data Virtualization?

Data virtualization software is able to compile and consolidate the entirety of your business’ diverse big data sources — including data warehouses, data lakes, web services, and RDBMS — to efficiently create datasets with effective and easily understandable analytics to aid in important decision-making. Data virtualization integrates several different modern analytical techniques and structures such as predictive analytics and visualizations to give users immediate access to the information they need and real-time data updates. Data virtualization is an especially popular data solution because of its in-depth visualizations and ease of use with high-quality and secure user-friendly data.

How is this Applied to the Healthcare Industry?

Data virtualization software is an effective tool for various industries to implement into their business operations. For healthcare, in particular, a data virtualization system is an extremely valuable data system for both medical providers and medical patients. Data virtualization technology is both high-performing and highly secure. This software can be integrated into a medical provider’s data access for patient information to create a 360-degree view of a patient’s current health condition, medical history, and previous doctor notations. Data virtualization is highly versatile and can be integrated into various medical data source systems, so no matter the size of your team or the operating systems you use, a data virtualization manager can interpret your complex data.

Data virtualization software integrates information from several different data types and systems. Oracle, SQL, Excel, Google Big Query, Sharepoint, Netezza, and DB2. Many more source systems are consolidated and categorized to empower users with easily interpreted and organized datasets. Many healthcare technology companies are integrating data virtualization into their operations amid the COVID-19 crisis in order to give medical providers access to real-time models of scenarios about the spread and containment of the virus. The high-speed, securely encrypted self-service data systems allow healthcare workers to quickly interpret crucial datasets while protecting sensitive patient information.

Why More and More Americans are Choosing Group Healthcare.

With rising medical costs in the United States, being uninsured can be dangerous. If you aren’t a full-time employee, you might not be eligible for healthcare benefits through your employer. Under the Affordable Care Act, government-subsidized health insurance has become more accessible to some Americans. For others who don’t qualify for these benefits, having to choose a private health insurance company can be an expensive endeavor. In order to avoid the tax penalty under the ACA, you must have some level of health insurance coverage. However, many Americans can’t afford to pay the monthly premiums of private health insurance out-of-pocket. This is where insurance groups come into play.

MediShare is a popular healthcare cost-sharing organization. It works similarly to a private health insurance company, in that members pay a monthly share amount into a group pool of money — think monthly premiums with regular insurance companies. This group pool of funds is dispersed to members when they need to cover medical costs for procedures or medical bills for doctor visits. The downside to some is that MediShare is a Christian ministry-based organization, so MediShare members are required to be of the Christian faith. This is a great option for Christians looking for Christian healthcare ministries as an alternative to traditional insurance, but it excludes any non-Christians from enrolling.

The Health Quote Gurus help American’s looking for group lower-cost insurance plans that are Medishare alternatives. Even if you are of the Christian faith, depending on your personal health, MediShare might not be a good option for you. MediShare isn’t like traditional insurance companies, so they often aren’t faced with the same insurance regulators and requirements. This means even if you are a MediShare member, you can still be denied coverage due to a pre-existing condition, or you may find that they won’t cover what you thought were eligible medical bills. This could leave you with more out-of-pocket costs than what you expected or are able to afford. The Health Quote Gurus can help you find lower-cost group insurance plans with open enrollment that are affordable alternatives to MediShare health plans.

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