Edge Health started in 2017 to help the health service better use the data they routinely collect. Their work broadly covers a consultancy-type service and developing data products, which are tools that use the data collected to help with day-to-day decision-making.
It’s a combination of several things, and some of these areas are changing every day now. These data are often collected for different purposes almost routinely. For example, within an appointment booking system. The tools used often are not well suited for linking all of the data together.
Edge Health saw an opportunity where they could use historical data that’s been collected to provide insight into booking processes. The company developed the data product Space Finder, a mini-software that runs routinely on the healthcare system, which sees outputs every time there’s new data.
It’s very accurate because there’s so much data that’s being collected over the year. They look at factors such as the consultants, the operations, the patients, and basically anything they can get a hold of. They use machine learning algorithms, which allow them to take a massive amount of previously unmanageable data and make good sense of it and good predictions.
Edge Health has all of its data products on a framework called G-Cloud, which is publicly accessible. The space finder costs £ 36 000 to set up, which effectively continues indefinately. Hospitals can use that tool to enable their transformation program with one organisation saving £3 million.
Having solid relationships where you know what people want and giving them what they want is really helpful . Set up your infrastructure well at the start.
There will be a degree of consolidation around the market offering. There will be more prominent organisations offering bigger suites of solutions. There’s a big question about how hospitals and new electronic patient records will evolve and how they will be accessible or not accessible to developers or organisations who can add a degree of intelligence to some of the databases they provide.
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Once Daily: https://www.oncedaily.co/healthcare-data-analysis/