7 Healthcare Digital Business Transformation Trends to Watch Out in 2019

Innovation in technology still plays a pivotal role in the digital transformation strategy journey. While new drugs, treatments and devices remain fundamental for growth in business, constraints around the availability of human labour will always be the constant barrier for breakthrough innovation. In the past decade, medical technology has experienced an exponential growth on a global scale and transcended from ‘in person’ treatment to mhealth and remote services. The digital business disruption is driving healthcare providers and service firms to cultivate a more customer-centric business model. Here are top 7 key trends to look out for in the coming year 2019 that will disrupt healthcare industry in a big way. According to a recent report, the Internet of connected medical things (IoMT) market is expected to shoot up to $158 billion by 2022.

Here are 7 digital transformers for healthcare in 2019:

1. Telemedicine

Telemedicines will help optimize costs in medical treatment and hospitalization in times of dire need. Instant medical fixes and “just a click away” access to patients and doctors, will result in improved health and diagnosis processes. Reduced wait times for a doctor or a specialist significantly contributes to establishing a seamless medical service or aid. The ability to cater services at small or rural hospitals, without spending on clinical staff experts or the need to transport patients, increases the efficiency of healthcare delivery and generates significant cost- savings.

2. Data Analytics

Data analytics can enable patients to proactively participate in personalizing their own healthy regime. Data tools will facilitate evidence-based care that is personalized to a specific patient. Performing predictive analytics can aid experts in foreseeing the epidemic breakouts of a specific disease and furthermore bring accurate outcomes.

3. AR (artificial reality) & VR (virtual reality)

VR patients have the potential to offer anesthesia intolerant patients an experience of fearless and painless surgeries and treatments. It will be widespread in the medical training and will perform exercise scenarios. One of the main applications is that the transportive experience of VR can virtually whisk patients away and encourage specific behaviors that can get challenging to repeat in sterile hospital environments. Every move a patient makes is analyzed and quantified, which enables patients and clinicians to capture baselines, track recovery, and restore new information to personalize treatment.

4. Wearable Technology

According to Markets and Markets, the global market for medical wearable devices is projected to reach $12.1 billion by 2021. Medical wearables will provide real-time access to health records and data from these devices can be used in clinical trials. The promise of the data these wearable devices can pick up and transmit to providers could help transcend healthcare from delivering reactionary care to preventive care.

5. Cloud Computing

Increasing cloud adoption will accelerate communication across numerous channels for both patients and the doctors, rendering data sharing more agile and feasible. Harnessing the integration of electronic medical records (EMR) with a hybrid cloud environment will prove more productive.

6. Blockchain

This cutting-edge technology will certainly reshape the future of healthcare. Blockchain proffers a relatively secure way to protect data than does conventional encryption. It also permits the implementation of new features in managing insurance claims, PHI, and medical records. Data security in performing clinical, patient data management and drug traceability will be the major disruptive benefits of blockchain.

7. AI (Artificial intelligence)

Bots will be embedded with intuitive abilities to proactively aid patients in all kinds of circumstances and scenarios. They may give advice on treatments for common medical conditions or provide recipes for patients with specific diet restrictions, and can also monitor patients based on data, enable doctors to engage with patients drug stores to remind patients of prescription refills and pickups time period. Health chatbots can instantaneously respond to questions posed by patients and manage medications by sending information on types of medications and standard suggested doses.

[x]cube LABS comprehends that change is perhaps constant and adaptability is inevitable and therefore, we keep the solutions we provide simple and nimble with an edge of breakthrough innovation for our healthcare clients. We understand the challenges faced by the industry today and can help devise a smarter digital environment that can act as a shadow doctor to patients. We ensure to define and deliver an explicit roadmap for your path to the digital future.