Guest post by Dwayne Spradlin, CEO, Health Data Consortium.
Earlier this year, Mobile Future released an infographic about the current state of digital health. The graphic detailed impressive statistics: Now, more than 247 million Americans have downloaded a health app for their mobile phones and 42 percent of U.S. hospitals utilize digital health technology. These numbers are increasing every day.
These impressive statistics would not been achievable without the liberation of enormous amounts of health data over the last few years, which has help catalyzed a new era of health innovation by giving innovators and entrepreneurs the resources to develop new products and tools to help the everyday consumer make better, more-informed choices about their health. The digital health arena has also become a major economic driver and is on an upward trend with no ceiling in sight. Rock Health reported in April that venture capital funding for digital health in Q1 of 2014 totaled almost $700 million, an increase of 87 percent from Q1 of 2013.
From the successful implementation of the Affordable Care Act through Healthcare.gov to newly released Centers for Medicare and Medicaid Services (CMS) data, both the demand for and ability to create new products that service consumer needs are at the forefront of investors’ minds. But with new opportunities for innovation also comes new risks and challenges. Along with privacy and security issues regarding the distribution of patient data which has been a hotly discussed public topic the last few months, concerns about storage, access, and sharing are on the minds of data distributors and data users alike.
At the Health Data Consortium (HDC), created as a public-private partnership, has the support of government, nonprofit and private sector organizations who all believe in liberation of health data for the public good. HDC has made a multi-stakeholder commitment to health data, which was reflected in the diversity of constituencies that attended our Health Data Leadership Summit in November last year. This leadership summit resulted in the release of our whitepaper on the multi-stakeholder perspective of health data priorities in the U.S. healthcare system.