Healthcare claims data are one of the most powerful sources of data in generating real-world evidence (RWE). These data help answer questions about therapeutic area incidence and prevalence, healthcare resource utilization and costs, treatment patterns and where care was rendered and by whom, etc.
Yet, even with modern data platforms, a familiar barrier remains: in a highly competitive environment shaped by shifting patient behavior and data fragmentation, execution of reliable and meaningful longitudinal studies demand assembling claims data that are robust, comprehensive and stable, not simply accessible.
This post is the first in a four-part series on HealthVerity taXonomy, the industry’s most comprehensive, consistent and curated closed claims dataset designed to power longitudinal study designs across health economics, patient outcomes, epidemiological, and safety and effectiveness initiatives. Today, we’ll discuss the taXonomy build and how it’s differentiated compared to legacy closed claims datasets.
In subsequent posts, we’ll focus on key topics and features of HealthVerity taXonomy, including the data model design, validation of its mortality data, its novel and proprietary cost data offering and responsible methods that can be used by researchers supporting study execution directly for, or on behalf of, life science organizations.
In longitudinal RWE generation initiatives, the key consideration is often not how the data are applied, but whether the data are sufficiently reliable, consistent and stable to support defensible study design and interpretation. A few limitations that should be considered include:
To summarize, the value of closed claims data is not defined by their availability, but by their methodological integrity and their ability to sustain rigorous, reproducible evidence generation.
HealthVerity taXonomy is a standardized, carefully assembled and de-duplicated closed claims dataset designed for analytics-ready use, but what differentiates it isn’t simply that it’s “clean” or “curated” (many modern datasets aim for that).
HealthVerity taXonomy payer type and enrollment distribution.
The key difference is that taXonomy is underpinned by the HealthVerity Marketplace model, which enables a dynamic approach to building a more reliable closed claims dataset. HealthVerity Marketplace includes the largest dataset of closed claims data in the industry, and we continue to add additional closed claims sources over time, expanding breadth and depth in ways that can help address coverage gaps and strengthen longitudinal analytics. The unique benefit of the marketplace model enables:
This “configurable foundation” matters because RWE research questions evolve, often quickly, and a static dataset can become a constraint.
We’re writing this series because we believe rigorous, transparent real-world evidence can improve decision-making across the life sciences industry, and higher quality data is the catalyst in achieving this. By pulling back the curtain on how taXonomy is designed and the value it possesses from a research perspective, we aim to assist research teams produce analyses that are faster to execute and stronger methodologically. In future posts, we’ll go deeper into the components that matter most to RWE teams: