Global Healthcare Technology Industry Transformed by the Pandemic

Techsense Team I 8:12 am, 26th March

Healthcare professionals are already gearing up for significant changes in healthcare technology that could soon become the norm.

 The healthcare sector was already evolving rapidly before the pandemic. However, the Coronavirus pandemic has accelerated the transformation of the global healthcare industry. According to Mckinsey, the US healthcare sector could shift nearly $250 billion in spending to virtual care models. Compared to 11% of all consumers in the US in 2019, 76% of consumers now say that they are more likely to opt for telemedicine going forward.

Telemedicine

Social distancing has become the new normal. People are spending more time indoors than ever before. Telemedicine allows healthcare professionals to evaluate, diagnose, and treat patients without the need for an in-person visit. Telemedicine has also been instrumental in containing the spread of the pandemic. Digital monitoring, video conferencing, and virtual healthcare platforms have proven extremely useful to avoid getting exposed to Coronavirus.

Artificial Intelligence

AI is revolutionizing the healthcare industry by enhancing the quality of medical care, patient outcomes, and reducing costs for patients, insurance, and hospitals. AI is being used extensively to analyze large volumes of patient data. It is also being used to enhance the efficiency of diagnostics and increase the accuracy of detecting various health problems.

AI also plays a major role in research and processes involved in drug discovery. With the use of AI, the healthcare sector expects to significantly cut down the time for a drug to reach from the developmental stage to the patient stage.

Big Data

All major industries, including the healthcare sector, have to deal with large volumes of data. Big data is the term used for these huge amounts of data, both structured and unstructured. Big data analytics provides valuable insight leading to better decision-making and strategic business moves.

Healthcare analytics could potentially reduce treatment costs, avoid preventable health problems, and improve the overall quality of life.

Medical mobile apps

Medical health technology is quickly becoming the preferred way for patients to access healthcare providers. These apps allow patients to schedule appointments, send secure messages, and connect with healthcare providers around the clock.

These mobile apps are also making life a lot easier for physicians also. Many apps provide physicians with the latest medical information on a wide range of health conditions. Several apps use the patient information provided to create personalized plans and help doctors make more informed decisions at the workplace.

There are many other healthcare technology trends that the healthcare industry is embracing. Technology has immense potential of improving efficiency in terms of hospital administration and patient care.


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