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5 Tech Trends that will Disrupt Healthcare in 2020

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Technology has been the greatest phenomenon in transforming industries and behaviors across the globe. The healthcare industry has seen technology inspire progress and innovation. The Healthcare IT Market is expected to be $390.7 Billion by 2024 and is growing at a faster rate than the GDP of most countries. It costs nearly $250 Billion to process 30 Billion healthcare transactions each year. The Healthcare expenditures for the U.S is projected to be $5.4 Trillion by 2024 representing an average annual rate of 19.6% of GDP.



5 Tech Trends that will Disrupt Healthcare in 2020

#artificialintelligence

Technology has been the greatest phenomenon in transforming industries and behaviors across the globe. The healthcare industry has seen technology inspire progress and innovation. The Healthcare IT Market is expected to be $390.7 Billion by 2024 and is growing at a faster rate than the GDP of most countries. It costs nearly $250 Billion to process 30 Billion healthcare transactions each year. The Healthcare expenditures for the U.S is projected to be $5.4 Trillion by 2024 representing an average annual rate of 19.6% of GDP.


The Amazonification of Healthcare

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The digital age is no longer about just the product โ€“ it's equally about the customer experience. Naturally, empowered consumers have high expectations of the services and brands they choose to integrate into their lives โ€“ and Amazon's buying experience, which is ultra-fast, convenient, innovative, and driven by user reviews, is the perfect example of this trend in action. This "Amazonification effect" is transforming every industry from retail to finance โ€“ and the healthcare industry is now set to change forever for both consumers and businesses. Today's infographic comes to us from Publicis Health, and it shows the shift occurring in the healthcare space to a new outcome-based economy that is powered by an increasingly digital and data-driven experience. It's also led by the millennial generation, a group that is seeing buying power finally line up with their influence.


Everyone Wins With Digital Healthcare

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While healthcare was once a monolith that patients had to try to fit into, the current trend is to put the patient at the center and to concentrate on their needs and work around them. With distributed healthcare, this trend has progressed to a better way of getting healthcare to those who need it. Where healthcare was once centralized, it is now more distributed. Patients' needs can better be met through distributing healthcare through sub-units that are smaller and local. The great growth of urgent care facilities to offer convenience outside of the major hospital setting is part of this added convenience.