In recent years, the healthcare industry has transformed to offer value-based care. With health care becoming more affordable, it also means more patients and more challenges of health complexities. A hospital’s performance rating is based on a combination of important financial objectives, along with advancing the patient experience and quality initiatives. For improved patient access, technology solutions have become a vital part of the advanced system for insurance and healthcare. The incorporation of technology has an important role in progressive outcomes for both patients and facilities. Technology can aid to form long-term advances which can support the complete coordination – from healthcare administrators to the patients to insurers.
The advancement of technology in healthcare services is going to be immense and is projected to grow steadily over the following decade. According to the report, the U.S healthcare information technology (HCIT) market has generated $61.01 billion in 2017 and is projected to grow and reach $149.17 billion by 2025, growing at a CAGR of 11.7% from 2018 to 2025.
We, as a digital transformation thought leader bring forth to share some of the advancing technologies which can amplify your patient outcomes and support necessary healthcare facility functioning:
Artificial Intelligence (AI)
It is important for patients and their family members to know that they too can have access to healthcare with the help of technology through chatbots which are available on the website as well as the mobile platform. Chatbots help to easily communicate with patients and do various tasks for them such as setting an appointment, check on their insurance, reschedule an appointment, request a refill for their medication, set reminders and many more.
Consistent access to information can help healthcare providers make more informed decisions while delivering care in the most efficient and effective manner.
When it comes to data and how it can be managed better, Blockchain development is becoming more crucial along with the combination of other advancing technologies such as Artificial Intelligence and the Internet of Things (IoT).
Healthcare facilities contain a large amount of data which involves personal and private information and this is where Blockchain can be used to keep this data secure and accessible to only individuals who need to access it.
Combining AI along with Blockchain could provide patients with more detailed insights. It would help them to understand the actual healthcare costing with precise details of services being provided to them, the details on reimbursement from insurance companies and the ‘actual’ financial balance. Overall, a common database of health information, services, payment details, insurance policies would mean less amount of administration time and more quality time spent on providing better healthcare services.
AR and VR
These emerging technologies have been attracting a lot of attention in the pharmaceutical industry. Both, Augmented Reality (AR) and Virtual Reality (VR) have shown some great potential in helping patients who are suffering from anxiety to allowing trainee doctors to practice crucial health procedures.
Early adopters in the healthcare sector are reaping amazing benefits for incorporating these technologies in their facilities. Augmented Reality is playing an important role in bridging the gap and creating awareness of products in a visual way. For example, Pfizer used AR powered by Blippar so that consumers could understand and learn how ThermaCare works and use the relief finder tool to learn about various other products which would be best suitable to them to relive their precise pain.
Another advantage of AR is that it allows trainee and practicing physicians to observe data and educational information at hand without having to leave behind crucial tasks. For example, it can help practitioners comprehend the best way to administer a new procedure or show them in AR how a specific procedure should be done.
Digitization enables healthcare facilitators to go beyond their regular routine and do a more productive functioning using disruptive technologies such as Augmented Reality, Virtual Reality, Artificial Intelligence, and Blockchain.
Digitization of healthcare industry carries enormous potential in terms of ROI and long-term growth.
At App Maisters, we help healthcare organizations improve their productivity to ensure successful patient outcomes. Get in touch with App Maisters’ experts to know how your organization can benefit from these technologies.