Healthcare Quarterly
A Health Economic Analysis of the Potential in Transforming Canada’s Health Data Systems
Abstract
The goal of the Canadian Institute for Health Information (CIHI)'s transformation initiatives is to maximize the value of Canada's health data by ensuring that it is timely, connected, accessible, comprehensive, relevant, contextualized and trusted. This analysis draws on the academic and grey literature to estimate the high-level potential health economic value of health data interoperability, application of artificial intelligence (AI) and other technologies enabled by high-quality data and advancing secondary uses in the public and private sectors. Maximizing the use of health data could create financial value in excess of $9.4 billion annually, with patient health-related quality of life benefits of a similar magnitude.
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