How about the HEALTHCARE SYSTEM becoming the most healthy, caring, and sound system that addresses the safety of patients, medical errors, drug reactions, and compliance issues effectively with the help of modern information technology? The introduction of technology in the healthcare industry has phenomenal effects on medical outcomes. Having the fitness app on the mobile does not make you an athlete, in the same way not capitalizing on the applications of IT will not make the sound Healthcare Information Technology (HIT) possible.


HIT is no doubt becoming an essential tool that helps in increasing the quality and safety of the healthcare industry with the help of a processing system that deals with storing, retrieving, sharing, and using the healthcare information for making valuable decisions. The systematic review of HIT on medical outcomes shows a significant reduction in medical errors, improvement in the quality of patient's lives, and a decrease in the cost of healthcare; as a result, the institutional investors have pumped up to $80 billion into health tech in the last five years.

Emerging Healthcare Technology Trends

The healthcare industry is into the digital innovation mode, which is ready to cater to its on-demand consumers and taking the hope of improving the healthcare facilities ahead by discovering the latest medical technology trends. Top emerging technology in healthcare that will make the difference and advance such efforts include:

Emerging

Artificial Intelligence (AI) and Machine Learning(ML) making the smarter healthcare system.

AI and ML technologies are helping the healthcare industry in identifying the diseases, diagnosing the conditions, crowdsourcing the treatment plans, monitoring health epidemics, and enhancing the efficiency of research and trials in the industry. The AI algorithms will help significantly, provided they are well regulated by the concerned authorities.

Robotics too fantastic to believe.

Emerging

Robots are substantially assisting humans in the operation theatres by performing varied tasks like micro-bot, medical supples transportation, telepresence, disinfecting hospitals, prosthetic assistance, and automating the labs.

Computer and Machine Vision exerting vision to the machines

Machine vision is enabling the care providers to assess the diagnostics, scans, images, surgeries, and the amount of blood a woman loses during childbirth to eliminate the risk of mortality

Wearable medical devices to meet the health goals

It does not just tell you the number of steps walked during a day but also can monitor the heart rate, atrial fibrillation, BP, temperature, and much more. Any anomaly in trackers is immediately identified through these devices.

Genomics to unveil the most wondrous map produced by mankind.

Emerging

The genomic information when used in conjunction with AI and ML helps in determining the impactful treatment plans by analyzing the genes and gene mutation which helps in identifying and eradicating the various medical conditions.

3D Printing turning on the power of design and manufacturing.

Surgeons are increasingly using 3D printing for replicating patient-specific organs like prosthetic limbs, print tissues, and other organs for transplantation by capitalizing on manufacturing techniques that are cost-effective.

Extended Reality (Virtual/Augmented and Mixed Reality) to intertwin the different worlds.

Emerging

VR/AR technology helps to train and simulate the surgeries. While VR addresses serious medical conditions and AR assists in brain surgeries and to reconnect the blood vessels, thereby helping practitioners to develop the best treatment plans.

Healthcare Use Cases

Telemedicine

Enable quick access to quality care from any place at any given time

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Imaging & Diagnostics

Prevent diagnostic errors and improve test outcomes with technology

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Prediction

Monitor data to predict waiting times, readmissions, disease outbreaks, etc.

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Patient Experience

Facilitate better health outcomes and cost savings with a personalized patient experience.

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Achieving Success Through Innovative Solutions

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Key Challenges in the Healthcare Industry

With rising trends and competition comes the augmented stress and challenges that bring opportunities to excel. The healthcare industry is facing many challenges that can be overcome with the lasting solution of extensive research and funding.

Cybersecurity continues to be on the top

The highly sensitive information collected by healthcare professionals is the prime target of hackers and the trend is showing no slow down, which takes cybersecurity at the top of challenges.

Payment processing underutilizing the payment technology

In order to improve the user experience, healthcare professionals should develop a patient-friendly billing system that offers payment options like eCheck, Credit card, etc to utilize the payment technologies like mobile and text-to-pay

Scattered healthcare data generating inaccurate insights

The scattered data amongst multiple parties is making it difficult to generate a single source of truth. Many medical practices require the patients to reconstruct their health records which makes it inconsistent. Implementing non-relational information technology to utilize the data from multiple sources can be helpful.

Transforming training, intuition, and experience with increasing information

As per Densen, the information about health, body, and healthcare is predicted to double every 73 days, which will require GP to read 21 hours a day. This undertaking is virtually impossible therefore the integration of Clinical Decision Support System (CDSS) can keep the professionals updated

Digital therapeutics and connected health services reshaping the life-science industry

Digital therapeutics is reshaping the new medicines, product reimbursement, and regulations. The new data-sharing process and payment model will be required to be established to integrate these products.

Changes in Health Information Technology (HIT) mandating the industry to keep up

The improper implementation of EHR can cause errors in managing patient care and medical billing, which puts the burden on healthcare companies to manage health records efficiently. Better training of healthcare professionals may prevent medical errors to much extent.

The longer the healthcare companies wait to integrate the information technology in their systems, the more difficult it will become to make changes that enable the healthcare ecosystem to overcome the challenges along with the cost. The formula to create a better system at lower costs is simple: value equals quality over cost. The collaborative efforts towards value-based healthcare by exploiting the use of information technology will rule the industry.

Thus, there is no argument over the impact of IT in the healthcare industry. In light of the new decade, the healthcare industry is all set to capitalize on the new range of emerging technologies. The bold use of technology and commitment is the key to reshape the industry and there is no industry in more need of Artificial Intelligence and automation than the healthcare sector.

Digital innovations that lay a foundation for the future of the healthcare community

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