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10 Technologies are significantly changing the healthcare industry

Digital healthcare is a massive industry. Its rapid expansion is being fueled by increasing patient care rates, rising market preferences, and the latest global pandemic situation. But how does automated healthcare appear in 2021 and beyond? We’ve compiled a collection of the top ten healthcare technology innovations that will assist the medical industry in navigating one of the most transformative years in recent memory.

According to a new Deloitte analysis of healthcare technology developments, “2021 may be a watershed year for the health industry and an investment opportunity.” The common opinion of investors interested in health tech is that the pioneers worth backing are those working to improve healthcare’s “effectiveness, affordability, and consumer-friendliness.” This would result in a boom in spending in technology such as telemedicine, cryptocurrency, smart vehicles, and artificial intelligence (AI) over the next few years.

Over the decades, technology has played a critical position in the healthcare sector, and the advent of the global pandemic in 2020 ushered in a radical change in how physicians and patients interact with healthcare systems. The desire to preserve social distance hastened an already-accelerating shift toward digital, and there could be no turning back to the typical doctors’ office as we know it. We’ve combed through the overwhelming array of healthcare infrastructure solutions available to assist patients in achieving improved results at a reduced rate.

 1. Artificial intelligence, data analysis, deep learning, and machine learning

Machines become powerful agents in this modern period of cognitive teamwork, completing assignments, and assisting firms in expanding their services. They reshape the consumer experience by assisting with decision-making and streamlining the customer path.

Through clever retail solutions, you’ll discover entirely different ways to improve the business method and draw more buyers. Contact us and we’ll assist you in ensuring that your offerings are innovative enough to keep up with the market. Healthcare produces massive amounts of data. There is no doubt that immense knowledge will be extracted from these massive data lakes’ ultimately resulting in better patient outcomes. Data science is expected to play a key role in resolving the COVID-19 situation, informing everything from treatment choices to the timeline for resuming daily social experiences.

Today’s data science technologies, which include predictive analytics and artificial intelligence sciences such as machine learning, allow far deeper knowledge to be gained much more quickly. We believe that the way data science leads to healthcare results will begin to improve dramatically in 2021. Microsoft, for example, utilizes artificial learning to differentiate healthy tissue from tumors, while Project Inner Eye leverages AI to assist medical experts in surgical and radiotherapy preparation.

Indeed, we anticipate that data science would continue to be important in solving healthcare’s three critical issues through 2021. Data science will aid in the risk assessment which will aid healthcare professionals in triaging and coordinating treatment. Population data would allow policymakers and healthcare professionals to have a better understanding of public health challenges and to implement strong preventative measures.

AI is without a doubt one of the most important digital automation tools, with enormous promise for the healthcare industry. AI-based approaches will help to strengthen care, expand therapeutic services, and assist clinicians in making medical and drug choices.

In the last year alone, AI, artificial learning, and deep learning have aided governments and medical organizations in their response to the COVID-19 crisis. This technology enables organizations to use statistical modeling and deep analytics to investigate global datasets associated with disease slowing, including the following:

  • Populations of insects and animals
  • Climatic Conditions
  • The capacity of health systems
  • Global transport statistics
  • Creation and effectiveness of vaccines

Following the pandemic, artificial intelligence technologies in healthcare may involve clinical research/trials and treatment personalization; facilitating the incorporation of electronic health record (EHR) details with telemedicine apps; early diagnosis of diseases such as cancer and Alzheimer’s; effective personal health management; and rethinking end-of-life care with AI-powered robots. Additionally, machine intelligence and chatbot technologies can play a greater role in helping physicians and patients with the diagnosis.

2. Big Data and predictive analytics

The healthcare industry produces a massive amount of medical data, which ranges from diagnostic and imaging data to data obtained by wearables that track exercise and activity levels. Remote patient tracking (RPM) enables healthcare professionals to now view real-time feedback on critical health indicators such as weight, pulse rate, blood pressure, and blood sugar levels. This marks the beginning of a movement toward preventative care and prevention, which could halt the progression of severe chronic illnesses.

Additionally, these technologies would allow medical facilities to obtain a reliable “large picture” of a patient’s health condition through consolidating data from multiple medical, insurance, and personal settings. This would result in significantly improved medical care at a reduced rate.

Within the next few years, we’re expected to see big data and predictive analytics applied to a variety of technologies, including the following:

medical accuracy and analysis – eschewing the current “trial-and-error” treatment model; real-time infection control; – promoting preventative diagnosis by the instant review of large global datasets – identifying repeat patients and facilitating the implementation of preventative measures

accurate staffing, process optimization, and cost savings in healthcare by the use of data from medical devices.

3. Genetic engineering, biotechnology, and genomics

In 2020, the Crispr-Cas9 gene-editing method was awarded the Nobel Prize in chemistry, dubbed the “molecular scissors” that would allow scientists to “rewrite the book of life.” Scientists intend to use it to treat a variety of common disorders that have plagued humans for decades, including cardiac disease, cancer, diabetes, and age-related diseases such as Alzheimer’s.

According to Fior Markets, the global genome editing industry is expected to hit $17.5 billion USD by 2028, indicating that consumers are clearly rallying behind this trend. What we’re going to see within the next decade or so is genomics allowing enormous advancements in personalized medicines’ drug therapies customized to a particular patient’s precise genetic profile. This would result in significant gains in terms of treatment effectiveness and expense reductions, as well as the ability to eliminate a large number of premature deaths.

4. Automation of robotic processes

Robotic process automation (RPA) and other forms of automation are gaining traction, with KPMG forecasting a USD 5 billion industry by 2020. RPA, as one of the most significant healthcare technology innovations, has the potential to allow increased efficiency at a lower cost.

We know that RPA will help time-pressed workers achieve fast wins’ and staff fatigue is a common problem in healthcare. For instance, a single medical event may result in a complicated patchwork of insurance reports and almost interminable paperwork. RPA accelerates the procedure by automating time-consuming, repetitive insurance processes, significantly improving claim performance and lowering provider costs.

Though automation will dramatically boost efficiency in the healthcare industry, RPA instances can create new protection vulnerabilities.

In general, digital approaches to healthcare systems operate similarly to automated approaches in other industries. Automation eliminates manual procedures, waste, and mistakes. Automation is expected to bring significant relief to healthcare services worldwide in an environment of unparalleled demands beginning in 2021.

5. Telemedicine, on-demand, and virtual healthcare

Although COVID-19 has accelerated competition in the telehealth industry, it is a development that is here to remain. Beyond the pandemic, telehealth technology will offer healthcare facilities to people that live in rural areas or are still unable to receive primary treatment, such as those with mobility problems.

Telemedicine delivery success is multifaceted, encompassing a variety of diverse technical strategies, including the following:

  • Applications and wearables
  • Solutions for integrated EHR 
  • Interactive Voice Response (IVR) solutions
  • Cloud-based solutions for natural language processing
  • open-source WebRTC

Individuals are likely to take more control of their health and welfare than ever before as a result of a transition toward remote care coverage, especially in the case of wearable embedded electronic health records could provide patients with increased insight into their own health and trigger behavioral improvements that could halt the progression of chronic diseases such as diabetes and cardiac disease.

The healthcare business is focused on people. Although technology is often associated with the technical and bureaucratic, it still has a human face. In healthcare, the human face of technology will be almost as effective at improving results as computer analytics and artificial intelligence.

Virtual healthcare is one example, and one that will be very poignant in 2021. To begin, considering the health system’s cost constraints, it’s difficult to dismiss the cost-saving value of virtual healthcare. However, interactive healthcare is still about connectivity and is probably the most critical factor in 2021 and beyonds’ where healthcare coverage is often required to be done remotely.

For instance, digital twin technology is rapidly gaining traction as a means of enabling extremely personalized care, allowing for the effective prevention and treatment of health problems. By simulating health problems, digital twins may have practical benefits. Researchers may build a digital twin using data from patient-worn sensors such as the Apple Watch or Fitbit. A digital twin is simply a “backup of a patient’s physical condition” prior to undergoing a medical process.

So there is the layer of basic interaction. Humans must communicate with healthcare professionals on a daily basis, but healthcare providers are often unable to deliver primary healthcare consultation in a reliable, well-organized, and cost-effective way due to time constraints and workforce overload.

According to the Harvard Business Review, cost savings associated with technology could amount to USD 10 billion annually in the United States healthcare system.

Via dialogue conversions, chatbots, and voice technology may assist patients in a range of areas, including assisting with the booking process to leading them through tests, recognizing and analyzing symptoms. Chatbot data will help doctors save time and aid in decision-making on treatment protocols and care.

People’s lives have been rearranged beyond comprehension during the last twelve months, with caregivers balancing jobs and homeschooling duties and individuals becoming less able to commute to the workplace throughout the week. Which also increased demand for on-demand facilities, which were already becoming the trend prior to the pandemic.

Patients have become accustomed to using the internet to study physicians and hospitals, as well as to book appointments and view their own medical information, as a result of the growth of digital in the healthcare industry.

Going forward, we’ll see an increasing number of creative firms connect doctors with practices on a virtual or freelance basis, allowing more people to receive remote appointments and advice at a time and location that’s convenient for them. Additionally, this adaptable approach to medical delivery would align doctors with the most suitable experience with the patients with whom they will have the best care.

6. Virtual and Augmented Reality

Virtual reality and augmented reality developments carry enormous potential for the healthcare sector, with the demand expected to reach $5.1 billion by 2025. Whereas it was historically unthinkable to manage chronic pain with augmented reality, the idea is now becoming a reality. Additionally, the technology has been used in the management of anxiety and panic disorders’ even in the treatment of stroke.

VR and MR have several uses in healthcare, including the following:

  • providing medical students with training simulations – like overlays and easy data comparison to aid in faster diagnosis
  • physical trauma aftercare
  • pain distraction during surgery
  • treatment of dementia and cognitive diseases
  • driven simulations that assist therapists in customizing their patients’ treatment plans.

7. Cybersecurity and data protection

In 2020, hackers launched ransomware attacks on six hospitals in the United States within 24 hours, crippling IT networks and slowing operationss’ not only in these hospitals but also in others around the world, which felt forced to block foreign emails when analyzing their own weaknesses.

When more healthcare providers move online and more medical data is processed remotely, the need for a secure safety approach becomes more critical.

Several critical issues for healthcare organizations include HIPAA enforcement, with remote doctor call-outs potentially jeopardizing patient data confidentiality, and the need for healthcare IT teams to develop strong coordination and procedures around enterprise-wide data handling. At the moment, not all telemedicine systems adhere to HIPAA standards, posing a possible challenge to patient privacy.

8. Blockchain and IPFS networks

Blockchain technology is widely regarded as one of the most exciting advances in healthcare technology. According to a recent estimate, the healthcare blockchain market is estimated to hit $890.5 million by 2023. In recent years, blockchain technology has gained traction across a broad range of markets, and its promise for the medical industry is enormous. When combined with other technology such as IoMT and cloud storage, blockchain has the potential to accelerate a range of critical healthcare initiatives.

One critical field where blockchain can add value is in the context of patient data management. Due to the usage of automated ledgers, transaction information may be securely shared between care facilities and patients, and the system’s peer-to-peer structure allows for concurrent access by a large number of users without jeopardizing protection. It may assist in preventing data breaches, increasing the total quality of medical reports, and reducing expense pressures in healthcare environments.

9. The Internet of Medical Things (IoMT)

Although the Internet of Things (IoT) is a concept that is now common to the majority of people, the Internet of Medical Things (IoMT) has just recently joined the list of top healthcare technology innovations and therefore could be less ingrained in our lexicon. Nonetheless, according to TechJury, the industry would be worth $6.2 trillion by 2025. In terms of the response to COVID-19, the IoMT is being used to monitor disease and halt its spread through the following:

  • creation of vaccines
  • thermal screening
  • facial identification with masks
  • analyzing CT scans

The IoMT can be used in the future to assist physicians in tracking chronic conditions and taking proactive measures to deter diseases from arising in the first place. As one of the most exciting healthcare technology developments, it will be enabled by innovations that allow remote patient trackings, such as wearables that provide ECG and EKG displays, as well as other intelligent devices and sensors that control basic health indicators such as temperature, blood pressure, and blood sugar.

10. Cloud storage for electronic health record (EHR) systems

EHR systems are constantly being used in the healthcare industry to help overcome the time and financial limitations associated with the conventional paper-based solution.

Although cloud-based data storage enables the aim of making healthcare more flexible and open, some questions about data security remain. Compliance with HIPAA legislation is the primary concern, with highly stringent guidelines governing the security of electronic Protected Health Information (ePHI). At the moment, enforcement is challenging, and more effort is needed to ensure that this new abundance of open medical data is utilized for the public benefit rather than falling into the wrong hands.

Healthcare is unquestionably undergoing a scientific transition. The healthcare infrastructure trends discussed above would have a transformative effect on the industry in the immediate future. We have never before been able to forecast illnesses and completely adapt a clinical plan to achieve the best potential health results. However, this recent influx of medical data raises some serious privacy concerns. Once these questions are resolved, industry innovation is certain to accelerate.

Voice recognition, digital twins, robotic process automation, computer learning, artificial intelligence, data science, and blockchain healthcare technology is a vast and complicated area. How will healthcare professionals handle the overwhelming array of healthcare technological options available in what is perhaps the most transformative year in modern memory? Engaging a technology provider with extensive experience across the full spectrum of information technology is a smart place to start.

COGNITIONTEAM has years of expertise assisting with the transformation of the healthcare industry. Additionally, we built our own healthcare solution for centralized clinical data processing and process automation. It equips us with the knowledge and capabilities necessary to empower any part of your healthcare sector.

Contact us to learn more about how we will assist the organization in staying ahead of 2020’s healthcare infrastructure developments.

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