satyamkapoor

I work at ValueFirst Digital Media Private Ltd. I am a Product Marketer in the Surbo Team. Surbo is Chatbot Generator Platform owned by Value First. ...

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I work at ValueFirst Digital Media Private Ltd. I am a Product Marketer in the Surbo Team. Surbo is Chatbot Generator Platform owned by Value First.

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Israel Approves Launching of Big Data Health Project

By satyamkapoor |Email | Mar 26, 2018 | 7551 Views

The cabinet of Israel on Sunday approved a $264.5 mn nationwide program, which will span over five years to make health data about its population accessible to private companies and researchers.


The Prime Minister said that this data is a major asset and he wants it to be available to developers and researchers for the following reasons: one is that of preventive medicine, and the second is for personal medicine that is tailored for each individual. Digital health records are quite valuable. Big data analytics that compares information from large number of patients, gives drug makers indications of how medicines work and perform in the real world.


The evidence here involves collecting data that lie outside traditional randomized clinical trials, which is the current standard of judging efficacy of medicines and there is steep rise of interest in this field. Israel is well poised to provide data since nearly all of its nine million citizens belong to one of four of their health maintenance organizations that are responsible for keeping patients records digitally. This comprises a huge medical database.


The Health Minister Director Moshe Bar Siman Tov said that Israel would not collect any royalty or fees for the use of this valuable data, above and beyond the cost they would incur to produce it. He added that the payback to the economy would be that it would lead to a thriving life science industry and perhaps the best healthcare system in the world. Citing the case of digital health program he also said that if multinational companies come to Israel and set up their own R&D centres, the first to benefit will be the patients and the second will be the country of Israel itself. He feels that this is non-stop growth engine.


A large part of the amount earmarked will be used for upgrading computerization of the health system and for unifying medical records that are used by different medical agencies. Regulations would also be amended in order to enable data sharing.


The Prime Minister made a statement that there would be mechanisms in place that would help keep information anonymous and also protect privacy. Besides other rights, patients will be able to block the use of their information for any research purposes. There are concerns revolving around the privacy related issues of the program that are still being discussed. Netanyahu said that leaders of the world and international firms have shown interest in their project and there is potential revenue of billions of dollars for the Israel government.

 

Source: HOB