Application of Statistics in Health Care

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The Importance of Statistics in Health Care
In our modern world, safety and health are the priority, which is why we should always adhere to science and statistics. These fields of knowledge provide essential information so that we can properly implement laws and create a better community. One importance of statistics in healthcare is in medicine use and consumption. Statistics offer a better and more intricate understanding of the performance and effectiveness of pharmaceutical products. It gives valuable insight to success and failure companies by establishing benchmarks and standards that make health care services more reliable. Statistics is important in creating excellence and defining the quality of health care companies. (Hayat, 2018). Aside from these, statistics determine the overall value of the company efforts and how it influences the market trends. In healthcare, it is very important to make a quantifiable and qualitative interpretation of data so that we institutions can have innovation and product improvement. Statistical data should be properly analyzed and interpreted so that the risks and benefits can be determined which in turn affects overall community health and translate to company profit and market opportunities. Statistics is the key to monitoring the development of products and the improvement of overall healthcare systems. 
 
 
In health care systems, diversity is important, so that companies can have competition and create evolution in the market. Public health should be measurable and empirical so that it can be properly managed and the consumption of the public can be monitored. Drugs and other substances should be prescribed to those who need them, statistics offer the avenue to make data formal, understandable, and practical. Clinical trials are a very important part of pharmaceutical production, statistics provide the framework by which the results can be better interpreted, and create lasting change in the field of medicine. In the EU’s Third Health Program, (2014-2020), scientific advancements and technological improvements play a big role in terms of products and services. It also puts a big emphasis on how medicine and healing should be dynamic and flexible according to the discoveries in science. (Ermakov, 2007)Institutions have a responsibility to improve the standards and outcomes of national and local health systems. The EU policy provides a clear guideline to how to create a standard of health service and medical care. Society is continually evolving so that it can accommodate the needs and demands of health consumers. In the politi...