Three ways Metadata Management is Transforming the Healthcare Industry

We cannot expect doctors to remember every detail about each patient throughout their careers and diagnose illnesses instantly as it is not conceivable. However, if the doctor has instant access to all of the data, he will be able to provide personalized care for all of his patients and eliminate the need for new tests. Healthcare data must be appropriately classified and safeguarded to enable easy data access. A solid Metadata management solution is required to achieve these goals.

Healthcare metadata management ensures that the data is easily integrated, shared, linked, analyzed, and maintained to foster more innovation in the healthcare industry. Whether you are a doctor, nurse, or CEO, metadata management solutions can significantly impact patients' lives.

How can metadata management make a difference in the healthcare industry?

Whenever someone utters the word data, our mind usually jumps to numbers that can improve marketing strategies, attract customers, and boost revenue. However, have you ever thought of data as a lifesaver?

According to WHO, 3,03,000 women die during labor and birth each year, 2.7 million babies die within the first one month, and 2.6 million babies are stillborn. If we can pinpoint where, when, and to whom these incidents occur, it will be much easier to conduct research and improve maternal health.

Healthcare metadata management will do the trick! It helps you search and find relevant information across unstructured data like X-rays, tissue samples, and other images. Metadata management solution gives a clear understanding of every data in the hospital industry.

Healthcare sectors are trying to bring in more innovation and improve the success rate of clinical trials. With a robust metadata management solution, doctors can quickly identify the factors contributing to a trial's success or failure by tracking down the data to its root. It enables you to understand where and when various factors such as medications, recommended therapy, or food habits contributed to the trial's outcome, reducing the likelihood of the same error occurring twice.

Manually determining the reason will take a significant amount of resources and time from your business intelligence team. An AI-powered metadata management solution can help you with quick and accurate conclusions while enabling transparency between teams.

Let us take a look at the healthcare metadata management solution use cases.

Understand your data's lineage

Everyone's primary concern in the aftermath of the pandemic is healthcare. Many patients are being admitted and discharged from the hospital, resulting in a massive data volume. A robust metadata management solution will assist the business intelligence team in identifying the data source, detecting errors in the report, and correcting them at an earlier stage, much to the delight of the healthcare industry.

For example, suppose anybody accuses your hospital of any mishaps. In that case, you can quickly identify the source of the problem and who is responsible for it without panicking and losing millions of dollars as a penalty with a healthcare metadata management solution. It records who last accessed the data, when, where, and who changed it. It enables you to track the data as it evolves over time and quickly identifies any problems in the hospital. With the right solution, you can get accurate answers and deal with day-to-day challenges in minutes.

Find your data instantly

Everyone wants to access relevant data with the swipe of a finger. However, it's like trying to find a needle in a haystack without its metadata. A sound healthcare metadata management system will assist you in making the most of your data collection. With automated data discovery, you can find your data in seconds. Quick data discovery allows doctors to prescribe more effective treatments and make clinical decisions that are more accurate and timely.

It is a mandate in the healthcare industry to comply with regulatory requirements. To achieve compliance, the data team will need to put in a lot of effort during auditing to determine the data source. With a metadata management solution in place, you can quickly create a visual representation of data that will assist you in identifying each data set and its source. You can save your data team a lot of time searching for numbers, allowing them to focus more on analysis.

Enable collaboration across your organization

Data flow from various sources, including pharmacies, patients, wearables, billing and finance, and human resources, are labeled differently. The issue with this is that it results in data redundancy, which wastes resources in managing and analyzing the data. The metadata management solution creates a clearly defined glossary term for each information set in the organization, allowing for data collaboration across departments to address this issue.

If business terminologies are not correctly named and defined, it will lead to confusion and mistakes. A hospital business glossary provides a common understanding of every term in the hospital industry, improving the quality of care and patient safety. Patients in the hospital sector are routinely referred to specialists for accurate diagnosis. The only issue is that vital information gets lost in the process. With a defined business glossary, metadata in the healthcare industry aims to solve this issue and enable effective collaboration of patient data across various healthcare organizations to use the patient history in emergencies, thereby avoiding catastrophes.

Drive more significant insights and transform the healthcare industry with a metadata management solution

The healthcare industries need to make rapid and intelligent decisions based on precise patient data. Between 20% and 25% of US healthcare spending is squandered. That's about a trillion dollars, and according to McKinsey's study, better data utilization could eliminate 50 to 75% of that waste. Automated metadata management is your go-to solution to achieve this instantly.

At Xtract.io, we help the healthcare industry save money, prevent corruption, innovate, enable fast diagnosis and provide exemplary patient care with our robust metadata management solution.