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Financial Implications of the Data Management Problem Essay

The data management in the healthcare industry is based on collecting the necessary information, analyzing, and using it with references to the definite developed databases. Today, the effective data management depends on the usage of the modern technologies to work with the different kinds of data. Moreover, the effective usage of the necessary data is connected with the appropriate access to the required information.

The access is important for different healthcare institutions in relation to the aspect of the governing regulations and issue of confidentiality. In spite of the fact the advantages of using the modern approaches to collecting and storing the data are obvious, there are a lot of challenges for developing the tendency of changing the traditional approaches to the data management and using new IT methods.

Furthermore, there are certain consequences of using the out-dated approaches to collecting and sharing the data which can be described with references to the financial implications. The healthcare providers determine the negative effects of using the out-dated methods to manage and operate the data, but the financial aspects of the data management problem remain to be unsolved.

Financial implications of the data management problem are closely associated with the current financial resources which are used by different healthcare organizations. The effectiveness of using the necessary data as well as the effectiveness or quality of the treatment depends on the financial resources provided.

The financial flexibility of the organization is the important factor to speak about the usage of the modern approaches to the data management (Beauvais et al., 2007). However, to guarantee the effective reforms in approaches to the data management, it is necessary to provide the general reforms within the whole industry, but not within a definite organization.

To provide the effective treatment, it is important to solve the problem of the data management which can lead to the significant negative financial consequences. It is important to pay attention to the fact that the financial resources which are spent for modernizing the industry and using such methods as electronic health records or health information exchanges can contribute to decreasing the costs and diminishing the possible negative financial implications in the future (Khosrow-Pour, 2006).

The healthcare providers, patients, and pharmaceutical companies demand the effective and economically advantageous ways in order to regulate the problem with the data management within the industry. Today, the healthcare providers experience a lot of difficulties in collecting and leveraging the necessary data because of the out-dated methods used. These difficulties result in the financial loses.

Get your 100% original paper on any topic done in as little as 3 hours Learn More The problem is in the fact the healthcare organizations have to regulate the significant amounts of data because of the increased amounts of information received. The healthcare organizations orient to the old methods when new approaches to collecting and operating the data are only discussed from the point of their financial profitability and appropriateness for the industry without being actively used.

Many healthcare organizations fail to operate such amounts of information independently, using the traditional approaches to the data management. The negative financial implications of the data management problem are in untimely and inappropriate collection, analysis, and usage of the data which is important for providing the treatment or sharing the information between the healthcare providers (Khosrow-Pour, 2006).

Furthermore, to establish the effective partnership within the industry basing on the data management and sharing the necessary information, it is important to regulate the problem with references to its financial outcomes when the workflow or urgent issues are not operated effectively and in time.

However, a lot of researchers are inclined to state that such methods as, for instance, national data repositories can contribute significantly to improving the situation with the data management and decrease the negative financial implications (Khosrow-Pour, 2006; Mooney, 2009).

The solution of the data management problem can be found with references to implementing the definite interoperable health information technology (Khosrow-Pour, 2006). The data management problem should be resolved in relation to the contemporary IT methods to respond to the modern tendencies and regulate the financial implications.

Although there are several questions on the financial profitability of the active usage of new technologies to manage the data within the healthcare industry, the positive financial implications of the process can be discussed as more obvious.

It is important to implement new approaches to monitoring the patients and collecting the data in order to avoid the drawbacks of the current system and provide the flexible access to the necessary data for different healthcare providers. It is significant to remember that the quality of treatment depends on the effective collection and analysis of the necessary data with the help of the efficient algorithms and calculations.

We will write a custom Essay on Financial Implications of the Data Management Problem specifically for you! Get your first paper with 15% OFF Learn More If the problem of the data management is not resolved with references to using new technologies and approaches to collecting, preserving, analyzing, and operating the necessary information, it can result in significant negative outcomes related to the economic sphere. The financial implications of the data management can be regulated with the help of reforming the data management system and orienting to the new technological opportunities.

References Beauvais, B., Wells, R., Vasey, J.,

The Possible Solutions to the Data Management Problem Problem Solution Essay

Nursing Assignment Help The data management problem in the healthcare industry is one of the most urgent issues because it affects the quality of the treatment as well as the daily work of different healthcare organizations. The process of operating the necessary data is influential for resolving the questions of the patients’ care and organization’s activities, and even for handling the financial issues.

The problem is in the fact that the computer software for managing the data and the used databases are not effective today because of the necessity to operate significant amounts of the information and share it with different healthcare providers.

Utilizing different systems, programs, and software, healthcare providers cannot receive the access to the required information. Moreover, the ineffective databases can provide the unauthorized access to the confidential data, but there are no possibilities for physicians to receive the important information on the definite case in time because of the system’s weaknesses.

Thus, the problem related to the data management in the healthcare industry is controversial and requires the effective solution. There are several possible variants to resolve the problematic situation which are the modernization of the industry with references to the modern IT devices and implementation of electronic health records, health information exchanges, and national data repositories.

The data management problem should be resolved basing on developing the IT system used in the healthcare organizations. It is significant to provide the single approach to collecting, managing, and preserving the data with the possibility to share it with the healthcare providers. That is why, the implemented technologies should be interoperable.

Moreover, researchers pay attention to the fact that the usage of only one approach to solving the data management problem can be ineffective, and the orientation to the complex procedure is more advantageous (Hillestad et al., 2005).

The usage of the electronic health records and health information exchanges with the help of which it is possible to operate the data on patients, healthcare providers, and pharmaceutical companies is the approved initiative to resolve the data management problem (Data management, 2012).

Get your 100% original paper on any topic done in as little as 3 hours Learn More Electronic health records are based on collecting and managing the data according to the definite standards, and homogeneous sources of the data provide different healthcare organizations with the possibilities to use them effectively (Khosrow-Pour, 2006).

Today, different healthcare organizations try to use the systems of electronic health records in order to optimize the data management process. The challenges experienced by these organizations are connected with using different proprietary systems and rather heterogeneous sources of the information (Khosrow-Pour, 2006).

That is why, the process of sharing the data becomes complicated. It is necessary to use similar systems of electronic health records in order to provide the effective work of the whole system. However, there are a lot of organizations which have different levels in operating IT for their needs.

Furthermore, there are many organizations which use different systems and programs to prevent the unauthorized access to the information and its modification and to follow the principles of confidentiality (Khosrow-Pour, 2006). Nevertheless, these programs cannot be discussed as the single system shared by different healthcare providers.

Healthcare providers need the appropriate and timely access to the necessary data which can be collected in any organization or department within the industry. Thus, when a patient enters the hospital his personal data are fixed, the particular features of treatment and procedures are recorded, all the necessary information is preserved in the system, and it can be accessed by physicians and shared with different healthcare providers when it is necessary (Khosrow-Pour, 2006).

The orientation to using the electronic health records and health information exchanges along with the possibilities to refer to the national data repositories can resolve the data management problem and improve the system of sharing the necessary information.

The system of electronic health records can work effectively and respond to the necessity to have the integrated and shared data when all the information is collected according to the definite standards, and only one system is used and accessible for each healthcare organization within the industry (Hillestad et al., 2005). The national data repositories can be based on the national sources of data which are regularly collected and registered.

We will write a custom Essay on The Possible Solutions to the Data Management Problem specifically for you! Get your first paper with 15% OFF Learn More The provision of the access to these sources for the healthcare organizations is necessary to complete the cycle of sharing and integrating the data within the industry. Health information exchanges are in the process of development, and they will be associated with the system of electronic health records. The main task is to provide the healthcare organizations with the necessary tools and information technologies to support the program.

The implementation of electronic health records, health information exchanges, and national data repositories in complex can be discussed as the effective method to resolve the data management problem with references to the issues of operating patients and physicians’ portfolios, integrating and sharing the data.

To realize this strategy, it is important to pay attention to the definite government’s regulations and make the healthcare providers adopt the same standards and rules in relation to using the information technologies, resolving the problem of funding these programs.

References Data management in the healthcare industry. (2012). Web.

Hillestad, R., Bigelow, J., Bower, A., Girosi, F., Meili, R., Scoville, R.,

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