Health Care IT & Big Data Analytics Expanding with the Rise of Value-Based Care Model

At more than $3 trillion per year, U.S. health care spending is a hefty financial burden, demonstrating the need for a more cost- and resource-effective solution. Designed to replace the traditional fee-for-service approach that compensates care providers for the number of services they deliver, the value-based model is emerging as a preferred model that pays providers according to the results of their care. As the health care system shifts toward this approach, there is a growing need for efficient technology platforms and big data analytics that can help curtail rising medical costs and make the overall system more efficient. Leading industry players such as ORHub, Inc. (ORHB) (ORHub Profile), International Business Machines Corp. (IBM) and its IBM Watson Health division, General Electric Company’s (GE) GE Healthcare subsidiary, Cerner Corp. (CERN), and Cognizant Technology Solutions Corp. (CTSH) are doing just that.

The increasingly popular value-based care model takes center stage when it comes to ORHub, Inc.’s (ORHB) (ORHub Profile) revolutionary platform. Developed specifically for surgery management, ORHub’s innovative platform moves away from manual systems traditionally used for handling surgery-related operations, as well as from the most common electronic health records (EHR) solutions. ORHub’s Surgical Resource Management offers significantly enhanced capabilities and…

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