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Wang says the industry relies on "data liquidity" but that most health data is trapped inside hospitals or insurance databases and can't be exchanged freely.
Blockchain, or distributed ledger technology, has been proposed as a solution to solve some of health care's major challenges, including: identity, data liquidity, supply chain, privacy, care coordination and more.
We basically need data liquidity that's in the guardrails of security, safety and privacy.
Healthcare interoperability (or "data liquidity" as we call it today) is a really big healthcare issue – for patient safety, system efficiency and lower cost.
This lack of data liquidity has plagued the HIT industry for as long as we've had electronic health records – which is to say decades.
1. Improve health care for all New Yorkers, 2. Lower health care costs, through reducing hospital readmission rates and reducing duplicate testing, and 3. Lead to health data "liquidity".
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That's important, because HFQ and low latency change the nature of observable data when liquidity suppliers use short-lived order and mixed-equilibrium strategies by injecting endogenous noise into the order flow to hide their information.
The report also highlights the convergence of various market forces: the growing demand for better data, increasing liquidity (supply) of both healthcare and non-healthcare data, improved technical capabilities, and a supportive government policy framework.
The abnormal performance of the combined portfolios cannot be explained by a lack of liquidity, data mining or transaction costs.
But even if liquidity data is not so widely disseminated, the study shows clearly that Wall Street professionals need to add this variable to their analytical models.
In light of the extensive portfolio level liquidity data to be collected by the Commission, the proposal also tasks the staff with analyzing and presenting to the Commission recommendations on whether any further fund liquidity information may be publicly disseminated without risking the potential for predatory trading or raising concerns with respect to market and investor confusion.
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