Legal Considerations Surrounding “Big Data”Managed Healthcare Executive March 30, 2016
Basil H. Kim, an Associate in the Health Care and Life Sciences practice, in the firm’s New York office, authored an article in Managed Healthcare Executive titled “Legal Considerations Surrounding ‘Big Data.’”
Following is an excerpt:
The use of big data continues to be explored with enthusiasm across all facets of the healthcare ecosystem, with much of the discussion surrounding new technologies and their potential impact on healthcare stakeholders’ bottom lines. However, with several high-profile data system breach reports, as well as a recent Supreme Court decision highlighting the complexity surrounding the management of health information, understanding the legal and compliance considerations in the current environment is imperative.
“Big data” is a term used to describe large volumes of information, whether structured or unstructured, generated on an everyday basis. It is not the amount of data that is significant, however; rather, it is what healthcare entities (managed care plans, providers, government agencies, etc.) decide to do with it. Big data can be mined for insights that lead to informed decision-making, leading to cost savings and better outcomes, whether the metric is performance-based or financial.