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The healthcare industry is rapidly evolving, and with it, the need for efficient and accurate data exchange between different systems and providers is becoming increasingly critical. Fast Healthcare Interoperability Resources (FHIR) is a standard for exchanging healthcare information electronically, designed to enable seamless integration across diverse healthcare applications.

Developing, distributing, and monitoring a drug or medical device is an extensive process. It involves the coordination of people, systems, and substantial amounts of data. Production slowdowns negatively impact the product lifecycle, adding unnecessary costs and keeping valuable products from the patients who need them. The need for automation is evident.

In the pharmaceutical industry, an effective supply chain is critical, not only for operations but also for ensuring the safety and quality of products going out to market. The complex nature of pharmaceutical supply chains, combined with their stringent regulatory requirements, makes risk management a top priority.

The Health Insurance Portability and Accountability Act (HIPAA), established in 1996, keeps individual health information private. It introduced HIPAA EDI (Electronic Data Interchange) Standards to secure electronic health data sharing among healthcare providers, insurers, and related entities. Healthcare EDI sets rules for how data should be formatted when electronically exchanged to ensure secure and efficient communication and reduce manual tasks.

Much has been said about how generative AI will impact the healthcare and life sciences industries. While generative AI will never replace a human healthcare provider, it is going a long way toward addressing key challenges and bottlenecks in the industry. And the effects are expected to be far-reaching across the sector.

Medical affairs has grown to become a core pillar of the pharmaceutical industry, linking the work of research and development and commercial operations. However, for leaders in the industry, navigating the process and data complexities and communication silos involved can prove challenging.

The Centers for Medicare & Medicaid Services (CMS) has taken a significant step forward in advancing interoperability and improving prior authorization processes with the publication of the CMS Interoperability and Prior Authorization Final Rule (CMS-0057-F).

Accelerate Healthcare and Life Sciences is a one-day virtual event, featuring technology and business leaders from Elevance Health, Ginkgo Bioworks, Datavant and more, to discover executive priorities, best practices and potential data and AI challenges that are top of mind for 2024.

A hospital key performance indicator (KPI) is a quantifiable measure that monitors the quality of healthcare provided by the hospital and measures the overall success of the business. Like many other service providers, hospitals depend on their customers (patients) to run their business. However, in order to thrive, they must also operate sustainably and mange costs. A successful hospital runs efficiently, provides life saving services and plays a valuable role in driving public health measures.