«Healthcare is a service business in which patients enlist the help of clinical experts to prevent and treat disease. Following the concept of evidence-based medicine research knowledge, clinical experience and patient-specific information are collectively analyzed to diagnose, prognose and manage conditions and wellness.»

«Behind this process lies the medical value chain: Patients are monitored, observations analyzed and insights extracted and used to interact with patients. The underlying mechanism is the closed-loop flow of data between all four stakeholder groups in this ecosystem: from 1) patients, data owners and collectors, via 2) data managers and 3) data analyzers, to 4) payers, carers and providers deriving clinical insights from analytical results and returning those to patients.»

Article written by  Stefan Harrer. Photo by Getty