The healthcare industry is currently going through a phase of rapid transition. The emphasis well and truly lies on providing improved care and outcomes, at reduced costs. With smarter times and smarter technology, even consumers have turned smarter. Gone are the days when customers were satisfied with the limited healthcare choices that were historically provided to them. The modern day consumer is well-informed and educated about diseases, diagnosis and the available treatment options. This is considerably changing the entire dynamics between the patient and the healthcare providers. At present, the healthcare industry faces the challenges of providing care and outcomes that are highly patient centric and efficient in nature, not to mention the cost-effectivity factor.
Wearables – Dramatically cutting down healthcare expenses
The booming smartphone usage across the globe means that people carry more technology with them that is capable of impacting their health. Wearables have the potential to transform healthcare into an industry that is more patient-centric by properly addressing the health & wellness quotient of patients. Healthcare at present is an expensive affair for a lot of people, especially as they have to incur high hospital-stay costs for monitoring vitals via expensive machines. Wearable technologies are capable of transmitting information via mobile health applications to providers. This can considerably bring down the expensive costs with regards to inpatient stays, but at the same time provide complete patient satisfaction. The wearables market is estimated to reach a whopping US$ 34 billion with 30 billion connected devices by the year 2020.
Data Analytics in Healthcare – Improving treatment effectiveness
Huge amount of health data is now available because of the mobile healthcare applications, wearable devices, and other similar data input sources. Data analytics has the potential to not just cut huge healthcare costs, but also enhance the overall effectiveness of diagnosis and treatment. Data analytics in healthcare can be utilized on various aspects. From reducing care delivery costs, to fraud control, to health population management, the scope of data analytics in healthcare is massive. Provided that the analysis is carried out properly, data stemming from hospitals can bring to light the various models that are favourable for the hospital and which are the clinical responses that will help reduce the rate of readmissions. Another key application of data analytics is medical image processing. There is bound to be marked improvement in the time to come in image analytics techniques. As a result, it will enable physicians to read scans and images better.
Video Conferencing – Providing complete convenience to patients
The reach, scope, and availability of the Internet today is massive, and has therefore led to the proliferation of devices that are enabled with the video-conferencing facility. Video-conferencing in healthcare has the potential to provide complete convenience to patients. Patients can now opt for a video call with their doctors whenever the need arises. Not only does it helps add to the overall convenience, but also enhances the time and cost effectiveness. Video-conferencing allows the elimination of needless visits, and admissions to the doctor and hospital respectively. This helps curtail the high costs of inpatient care and doctor – consultation charges. It also helps in saving time as the patient does not have to take the trouble of making that avoidable visit, instead get their purpose served via video call.