Selling patients’ data
In 3 pages, I would like to write about selling patients’ data (even it’d it doesn’t reveal their identity) from a business point of view. The writing must include the following:
- Legal selling of patient data in the USA and Canada.
- How did data become a source of income for the organization?
- Advantages of selling patient data to the organization?
- Disadvantages of selling patient data to the organization and patients?
- If the decision is in your hands or you are the organization’s CEO, will you decide to sell or not, and why?
Please read the attachment article and write the most significant points mentioned in the article; how do they support your approach and decision?
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If possible, support the article and examples of some deals and income to sell patient data
Answer preview
Technically, healthcare organizations collect information about the health conditions affecting the patients, interventions applied to manage these conditions, and how the conditions respond to interventions applied. These are valuable information to the research organizations as they can utilize this information to come up with more effective medications, healthcare devices, or health practices to manage these conditions more effectively, thus improving the patients’ well-being or improving healthcare organizations’ efficiency. The healthcare organization can generate income from the patient data by providing it to the third parties who derive insights from data later utilized to improve products, internal processes, and services, known as indirect monetization (Roberts & Edelmann, 2022). The patient data stored by the healthcare organizations have economic value to the organizations themselves and third parties.
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Selling patients’ data
