Real-World Data means health information collected during normal patient care. This includes electronic medical records (EMRs), insurance claims, pharmacy records, registries, and patient visits in hospitals. Originally, this data was mainly for administration or keeping track of patients. Before it can be used for research or improving care, the data needs to be cleaned, organized, matched up, and protected for privacy.
When Real-World Data is correctly studied, it creates Real-World Evidence. This helps answer practical questions like how treatments work in everyday healthcare, if patients take their medicines properly, how effective treatments are for different groups, and if treatments are safe over a long time. Real-World Evidence helps with drug approvals, supports insurance payment decisions, and guides doctors in treating patients.
In the U.S., hospitals and healthcare groups are spending more to manage and understand this data. But challenges remain because healthcare data is separated across many hospitals, clinics, and specialists. Also, privacy laws like HIPAA make sharing data more difficult.
Data spread out in many systems can cause missed chances to improve care and operations. Hospital leaders and IT staff want to connect data from many places—like EMRs, claims, pharmacies, labs, and images—but they must protect patient privacy and keep data safe.
Companies like Datavant help by offering safe ways to share and combine data. They manage over 60 million healthcare records from more than 70,000 U.S. hospitals and clinics. This covers 75% of the biggest health systems. They replace personal info with unique codes, so data can be linked without revealing who the patient is. This follows privacy laws.
Using digital integration, healthcare leaders can see the full patient experience—from diagnosis to treatment and results. This helps use resources better, avoid repeated tests, and coordinate care.
From an administrative view, Real-World Evidence provides useful information to improve care rules, control costs, and meet regulations. For example, IQVIA’s Connected Intelligence™ platform combines clinical, claims, and commercial data. This helps design studies faster, speed up product approvals, and decide insurance payments.
Life science companies use Real-World Evidence to see how treatments work outside clinical trials. This can lead to quicker approvals and better drug safety checks. Doctors use the evidence to improve care and lower unnecessary hospital visits.
One key benefit for hospital managers is that Real-World Evidence spots patterns like patients not taking medicines as prescribed. Some groups have improved medication use by 25%, which helps patients and lowers hospital readmissions.
Even with benefits, many healthcare groups find it hard to fully use real-world data. The amount of health data in the U.S. grows about 36% yearly, but 97% of this data is unused. This happens because data is split up, stored in different formats, and strict rules limit its use.
Data from different hospitals or departments might not fit together or be stored separately, making it hard to combine. There are also ongoing challenges with making sure data is correct, complete, and private, especially as more data is shared across organizations.
Groups like FAIR Data Principles (which mean Findable, Accessible, Interoperable, and Reusable) aim to improve how data is handled. But using these rules requires work with technology, policies, and management in healthcare.
Artificial Intelligence (AI) and automation help change raw healthcare data into useful information and make administrative tasks easier. AI can study huge amounts of complex data faster than people. It finds trends and helps make clinical decisions.
For example, AI helps reduce rejected insurance claims in healthcare money cycles. Usually, claims need lots of manual checking. DataRovers shows that AI can ease the work and help make more money by predicting and stopping denials early.
AI also helps organize unstructured information, like doctor notes and imaging reports. It changes this data into formats that computers can search and study. Platforms like Aetion, now part of Datavant, use methods to create trusted real-world evidence accepted by U.S. regulators like the FDA.
Automation also helps front office work in clinics. Companies like Simbo AI use AI to handle phone calls and answering systems. This reduces wait times and improves patient experience, letting staff spend more time on care and planning.
In surgery and clinical work, AI systems such as those by Apella use cameras and sensors to watch operating rooms. This has cut downtime between surgeries by 15% and improved scheduling by 24%. Hospitals can handle more surgeries safely without extra risk.
Regulators like the FDA and Centers for Medicare and Medicaid Services (CMS) now value real-world evidence when checking medical products and making policy choices. Using this evidence speeds up approval processes, helps expand drug uses, and guides insurance coverage decisions.
Datavant and Aetion’s shared platform meets these strict rules while letting healthcare groups create real-world evidence that is clear, repeatable, and trustworthy.
In business, real-world evidence helps negotiate better with suppliers and drug makers. Premier Health uses AI tools for contracts that improve supply chains and buying by using real-world data for talks and compliance.
For practice owners and managers, using real-world evidence means better patient care with controlled costs. They need systems that join different data safely and smoothly. Investing in linked data infrastructures using tokenization can combine separated datasets into useful health information.
Groups that handle these integrations well see big benefits. For example, one drug company cut extra data costs by over $1.2 million yearly by getting rid of duplicates. Others raised revenue by 10% by improving patient engagement through better data and medication programs.
In running healthcare practices, real-world evidence helps understand patient groups better, customize treatments, and plan resources smarter. It backs evidence-based choices for staff, equipment, and clinical programs.
Healthcare data in the U.S. will grow quickly in the coming years. This needs better ways to handle it. AI, machine learning, and cloud tools will be key to scaling data analysis, helping make faster and better decisions in healthcare.
Mixing clinical trial data with real-world evidence will improve knowledge about patient reactions, effects on groups, and long-term treatment safety. These tools will help both small clinics and big health systems improve care paths and meet strict rules.
As technology grows, healthcare managers must keep up with tools and rules. Systems that support data sharing and privacy will be important to use real-world evidence well every day in healthcare.
In summary, real-world evidence is becoming a key part of healthcare decisions in the U.S. By combining and studying many kinds of real-world data, healthcare managers, owners, and IT staff can support better clinical choices, improve operations, follow regulations, and help patients. AI and automation tools will make managing this complex data easier and help medical practices provide better and faster care to their communities.
Premier helps suppliers and manufacturers expand their reach in healthcare by utilizing AI-powered solutions that optimize contracting, enhance supply chain resilience, and improve efficiency.
Premier streamlines the procure-to-pay process through tools that enhance negotiation, increase transparency, and ensure compliance, simplifying contract management for suppliers.
Driving engagement focuses on utilizing multiple touchpoints to identify key opportunities, standardize processes, and convert non-contracted spend into valuable partnerships.
By prioritizing speed to market, Premier uses aggregation and fosters predictable demand to enable quicker execution and enhance overall operational efficiency.
Premier offers advanced intelligence across the healthcare landscape, enabling informed decision-making and optimizing outcomes through data-driven strategies.
Premier’s solutions help manufacturers secure competitive agreements and maintain consistency across multiple care settings, managing procurement efficiently.
These programs provide access to agreements that drive long-term value through strategic partnerships within the healthcare supply chain.
Digital solutions enhance visibility, efficiency, and scalability, allowing manufacturers to generate real-world evidence and drive revenue growth.
Real-world evidence is used to gain actionable insights necessary for smarter decision-making, helping suppliers assess market trends and optimize workflows.
Integrating healthcare data with applied research allows suppliers to refine strategies, enhance engagement, and accelerate product development for better patient outcomes.