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    The Healthcare (HC) Industry Has Evolved Tremendously Since Its Inception

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    Anjali Aravind
    According to the document, Information Technology (IT) will be the driving force of the healthcare industry in 2018 for several reasons: IT innovations are promoting better communication and data sharing between stakeholders, increasing healthcare costs are driving the need for more efficient systems, and patients want more access to their medical information. However, healthcare has traditionally underinvested in IT compared to other industries, resulting in issues like incompatible systems and poor data sharing. There is now a huge demand for modernized IT solutions that take a patient-centric approach and allow easy access to information for improved care and decision making. Key innovations include electronic medical records, social media integration, remote monitoring devices, and artificial intelligence applications.

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    The Healthcare (HC) Industry Has Evolved Tremendously Since Its Inception

    Uploaded by

    Anjali Aravind
    11 views2 pages
    According to the document, Information Technology (IT) will be the driving force of the healthcare industry in 2018 for several reasons: IT innovations are promoting better communication and data sharing between stakeholders, increasing healthcare costs are driving the need for more efficient systems, and patients want more access to their medical information. However, healthcare has traditionally underinvested in IT compared to other industries, resulting in issues like incompatible systems and poor data sharing. There is now a huge demand for modernized IT solutions that take a patient-centric approach and allow easy access to information for improved care and decision making. Key innovations include electronic medical records, social media integration, remote monitoring devices, and artificial intelligence applications.

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    Information Technology drives Health Consulting

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    IT Drives HC

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    According to the document, Information Technology (IT) will be the driving force of the healthcare industry in 2018 for several reasons: IT innovations are promoting better communication and data sharing between stakeholders, increasing healthcare costs are driving the need for more efficient systems, and patients want more access to their medical information. However, healthcare has traditionally underinvested in IT compared to other industries, resulting in issues like incompatible systems and poor data sharing. There is now a huge demand for modernized IT solutions that take a patient-centric approach and allow easy access to information for improved care and decision making. Key innovations include electronic medical records, social media integration, remote monitoring devices, and artificial intelligence applications.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    11 views2 pages

    The Healthcare (HC) Industry Has Evolved Tremendously Since Its Inception

    Uploaded by

    Anjali Aravind
    According to the document, Information Technology (IT) will be the driving force of the healthcare industry in 2018 for several reasons: IT innovations are promoting better communication and data sharing between stakeholders, increasing healthcare costs are driving the need for more efficient systems, and patients want more access to their medical information. However, healthcare has traditionally underinvested in IT compared to other industries, resulting in issues like incompatible systems and poor data sharing. There is now a huge demand for modernized IT solutions that take a patient-centric approach and allow easy access to information for improved care and decision making. Key innovations include electronic medical records, social media integration, remote monitoring devices, and artificial intelligence applications.

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    © All Rights Reserved
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    In 2018, Information Technology will be the driving force of the Healthcare Industry

    The HealthCare (HC) Industry has evolved tremendously since its inception. According to WHO
    reports, the Global Healthcare Expenditure forecast is believed to reach USD 9.5 Trillion by 2018.The
    increasing complexity of healthcare operations, government initiatives to promote implementation
    of Information Technology (IT) in hospitals, shift toward paperless environment through electronic
    records and huge proliferation of smart devices and mobile apps are creating demand for healthcare
    IT systems.

    Major Reasons for IT to drive HC


    Patients are gradually becoming the most informed and participative stakeholders who are
    involved in decision making
    Adherence to structured quality measures
    Revenue driven consolidation
    New alternative payment models
    Specialty drug usage driving healthcare costs
    IT innovations are promoting communications between concerned stakeholders

    Challenges faced
    Traditionally, healthcare had lower levels of investment in IT than other service industries. This
    resulted in a host of issues for HealthCare Providers (HCP) -
    Difficulty is sharing information due to disparate mix of software systems
    Infrastructure that hinders rather than aiding expansion
    Mismatched programs that were not aligned appropriately with clinical workflows
    Lack of delivery of consistent seamlessly integrated flow of patient centric information
    Poor healthcare technology experience by both patients and medical personnel

    Current Demands
    There is a huge demand for modernization and adoption of latest technology as IT increasingly
    percolates all facets of the healthcare industry. Both doctors and patients are calling for on-demand
    access to medical information as and when it is needed and from everywhere in a user friendly
    format. Thus, seamless flow of IT within a healthcare organization is becoming a quality
    differentiator among the HCPs globally. The current demands include

    Patient-Centric ApproachThis is crucial for improving quality of patient care by exploiting


    new tools and information that medical systems can provide. IT Programs that supports the
    core medical processes, hardware that allows easy access to information and world-wide
    adoption of common standards make the integration of disparate systems easy. These are
    the key features of new healthcare IT systems which thereby maintain a
    patient-centric approach.

    IT Driven by Care - The major force behind the revolution in healthcare IT is the desire of
    HCPs to offer the highest possible standards of healthcare. This has led to birth and
    subsequent emergence, of digitization using Electronic Medical Record (EMR). These digital
    records can hold the complete details of patient medical history, symptoms, primary
    diagnosis and suggested remedy, which ultimately aids medical and therapeutic decisions in
    the due course of treatment.

    Usage of Standards It is vital for setting IT standards for making optimal use of all new
    software and hardware available to HCPs to maintain integrity, privacy and confidentiality of
    patient information. This is because adoption of proper standards defines the rules of
    engagement between multiple systems connected over the global network for information
    sharing. Also, this facilitates scaling IT across facilities so that HCPs can grow their capacity
    and functionality in synchronism with their clinical business strategies leading to the best
    investment decisions

    Information Accessibility There is a substantial demand for software programs that allow
    simple access to information by physicians, nurses and other medical at the point of care,
    and hardware that enables communication of data across facilities and mobilizes the access
    points. This enhances quality of patient care by HCPs. This certainly aids physicians in taking
    better informed decisions, enhances patient satisfaction by providing a continuum of
    personalized care and streamlined experiences and promotes efficient usage of IT holistically
    in healthcare organizations .Thus there is greater potential for future improvement.

    The Latest Innovations


    Increased healthcare awareness, rising costs and on- demand access to patient information is one of
    the key motivating factors for innovations to tackle these imperatives. Already, Minimal Invasive
    Techniques (MIT), Robotic Surgery, PET Scans, Doppler Tests, 3D printing, implantable devices, and
    other digital technology enabled innovations prevail in the healthcare scenario .These undoubtedly
    target disease-prevention, monitoring, and treatment of patients with the ability to improve
    outcomes and reduce expenses. Additionally, there are new exploratory R&D approaches and big
    data mining and analytics usage are paving way for new opportunities .Here are some of the top IT
    innovations for achieving cost-effective quality healthcare
    Social media including Facebook, LinkedIn, Twitter
    Biosensors and trackers
    Convenient care
    Next-generation sequencing
    3D-printed devices
    Immunotherapy
    Artificial Intelligence(AI)
    Point-of-Care (POC) diagnostics
    Virtual reality
    Telehealth /Telemedicine

    Conclusion
    While medical staff and patients will continue to be the crucial crux of healthcare as ever, the value
    of IT usage in a patient-centric approach is unfolding itself enormously and disclosing the
    tremendous benefits for everyone concerned. With its increasing adoption, healthcare IT is likely to
    contribute significantly to patient care and impact HCPs in 2018 itself to take healthcare delivery to
    higher esteemed levels for achieving utmost patient satisfaction and delight(projected marketsize
    is USD 66 billion by 2020)!

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