Clarivate Expands Real-World Data Offering with Addition of Social Determinant of Health (SDoH) Attributes from HealthWise Data
Clarivate has partnered with HealthWise Data to integrate Social Determinants of Health (SDoH) attributes into its Real-World Data (RWD) repository. This collaboration aims to enhance patient insights and address healthcare equity by incorporating factors like income, education, and ethnicity. The integration will provide healthcare professionals with comprehensive data to improve patient outcomes and public health interventions.
Bob Morrison, VP of RWD Data Strategy and Operations at Clarivate, emphasizes the milestone's significance in delivering transformative insights. Anne Smith, CEO of HealthWise Data, highlights the improved patient view and outcomes resulting from the partnership. The enhanced RWD is expected to aid in identifying at-risk populations and facilitating targeted early prevention measures.
- Strategic partnership with HealthWise Data enhances data capabilities.
- Integration of SDoH attributes improves patient insights.
- Potential for better healthcare equity and public health interventions.
- Enhanced data offering may attract more clients in the healthcare sector.
- Targets at-risk populations for early prevention measures, potentially reducing healthcare costs.
- No immediate financial figures or benefits highlighted for investors.
- Potential dependency on partnership success with HealthWise Data.
- Integration complexities and data management challenges may arise.
Insights
The partnership between Clarivate and HealthWise Data aims to integrate Social Determinants of Health (SDoH) attributes into Clarivate's Real-World Data repository. This integration promises to offer a more holistic understanding of patient populations, important for developing targeted public health interventions.
Key Implications for Investors:
Enhanced Product Offering: By incorporating SDoH data, Clarivate enhances the analytical value of its product, potentially increasing its attractiveness to clients in the life sciences and healthcare sectors. This could lead to higher revenue growth in the long term.
Competitive Advantage: Integrating non-medical data provides a more comprehensive patient view, setting Clarivate apart from competitors that may rely solely on clinical data. This unique selling proposition could strengthen Clarivate's market position.
Industry Trends: There is a growing emphasis on addressing SDoH to improve health outcomes and equity. Clarivate's move aligns with this trend, signaling responsiveness to industry demands, which could positively impact the stock price as healthcare providers increasingly seek such integrated solutions.
Integrating SDoH into real-world data repositories is an emerging trend in public health, aiming to bridge the gap between clinical care and social factors affecting health outcomes. This strategic move could play a pivotal role in shaping future healthcare policies and interventions.
Impact on Health Equity: The ability to analyze SDoH data alongside clinical data will help identify underserved populations and tailor interventions to their specific needs, promoting health equity. This can lead to improved patient outcomes and potentially reduce healthcare costs by addressing preventable conditions.
Public Health Interventions: The comprehensive dataset can support more precise public health strategies, addressing root causes of health disparities. Policymakers and healthcare organizations can benefit from these insights to implement more effective and targeted interventions.
Regulatory Considerations: While this initiative presents numerous benefits, it also requires careful navigation of data privacy regulations. Ensuring compliance will be critical to maintaining trust and the integrity of the data used for health interventions.
Strategic collaboration enhances insight into patient demographics and behaviors, enabling analytical precision in addressing population health outcomes
Crucial determinants such as income, education, ethnicity and smoking activity, coupled with unique predictive models around health conscientiousness and lifestyle habits, are known to significantly influence health outcomes and are captured within HealthWise Data's SDoH attributes. Through the partnership with HealthWise Data, these non-medical factors are integrated within the Clarivate Real-World Data Product, providing nuanced insights into patient populations, facilitating targeted interventions and ultimately contributing to enhanced health equity.
Bob Morrison, VP RWD Data Strategy and Operations, Clarivate, said: "As a part of our ongoing commitment to delivering excellence in real world data, our partnership with HealthWise Data represents a significant milestone in our mission to provide clients with connected data and transformative insights. By integrating SDoH attributes into the Clarivate Real-World Data product, we offer payers and providers a comprehensive and unified source of truth, empowering more informed decision-making. This collaboration underscores our joint dedication to driving effective public health interventions and addressing disparities, ultimately fostering improved patient outcomes and advancing healthcare equity."
Anne Smith, CEO, HealthWise Data, said: "We are delighted to engage in a strategic partnership with Clarivate. Layering HealthWise Data's unique SDoH and consumer health and wellness behavioral scores on top of clinical data from Clarivate will provide clients with a more robust view of the patient as a person and improve patient outcomes."
SDoH-enhanced RWD plays a vital role in facilitating public health interventions by identifying populations at heightened risk or that are underserved for specific health concerns, enabling precise and effective early prevention measures. Through a deeper understanding of the influence of social and environmental factors on health outcomes and healthcare accessibility, health systems and providers can engage in collaborative efforts with communities and public health organizations to comprehensively address these factors, reducing health disparities and promoting health equity.
For more information about Clarivate Real-World Data solutions, visit here.
About the Clarivate Integrated RWD Platform
Clarivate's integrated real-world data platform is a comprehensive solution that empowers end users to analyze defined patient cohorts across the entire patient journey. From point of disease populations to treatment outcomes, the solution is enabled through Clarivate's team of leading experts in the Life Sciences industry, as well as its proprietary data curation. This platform is a premier one-stop real-world data solution in the market for servicing all client needs.
About HealthWise Data
HealthWise Data provides a complete view of the Patient-as-a-Person through unique data insights and analytic capabilities. HealthWise Data's universe of 249 million US adults is rich with both social determinants of health (SDOH), and, unique predictions on consumer health behaviors & lifestyles, including likely health adherence, wellness habits, health equity indicators, ability to pay for medical expenses and more, allowing for a holistic view of the individual. Healthcare organizations, analytics firms, marketing agencies and researchers are leveraging HealthWise Data today to drive better targeting for marketing efforts, enhance analytics and reporting, and improve patient outcomes overall. HealthWise Data was founded by Anne F. Smith in 2017. Learn more on HealthWise Data's website or follow on LinkedIn.
About Clarivate
Clarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com
Media Contact:
Catherine Daniel
Director External Communications, Life Sciences & Healthcare, Clarivate
newsroom@clarivate.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/clarivate-expands-real-world-data-offering-with-addition-of-social-determinant-of-health-sdoh-attributes-from-healthwise-data-302158885.html
SOURCE Clarivate Plc
FAQ
What is the focus of Clarivate's recent partnership with HealthWise Data?
How does the partnership between Clarivate and HealthWise Data benefit healthcare professionals?
What are Social Determinants of Health (SDoH) attributes included in Clarivate's Real-World Data?
How might the inclusion of SDoH attributes in Clarivate's data impact public health?
What potential risks are associated with Clarivate's new data integration?
