The coronavirus pandemic has led to enhanced health-care collaboration, innovation, and increased use of digital technologies. Telehealth enables doctors to safely connect with patients virtually and monitor them remotely, whether in different cities or down the hall. And smarter and smaller medical devices are producing better outcomes for patients--a disruption is sensed, like low blood sugar or a too-rapidly beating heart, and a therapy is applied, in real time. This podcast episode was produced by Insights, the custom content arm of MIT Technology Review. It was not produced by MIT Technology Review's editorial staff. All of this is aided by improved processing capabilities and data--lots of data, and that means artificial intelligence. The guest in this episode of Business Lab is Laura Mauri, vice president of global clinical research and analytics at Medtronic. And she knows all about how data can help drive better patient outcomes, improve the patient experience, and provide valuable information for doctors and medical device creators. Dr. Mauri is an interventional cardiologist and one of the world's leading experts on clinical trials, but, as she says, the success of a clinical trial really does come down to the patient experience, and how it's improved. Mauri also has great hope for health care and technology. And although she cautions that this work is not simple, you can literally see progress happening--which is the outcome we all want. Business Lab is hosted by Laurel Ruma, director of Insights, the custom publishing division of MIT Technology Review.
Digital technologies are constantly evolving and finding new applications in healthcare, even while the industry is struggling with adoption and'digital transformation'. Each year new applications emerge, but the underlying technologies driving them remain the same. For 2019, we asked companies around the world one basic question: "Please indicate the key technology which you believe will have the most profound impact on the healthcare industry during 2019?" Of course, these respondents are distributed across widely different sectors – pharmaceuticals and biotechnology, medical devices, medical imaging equipment, in-vitro diagnostics, remote patient monitoring, healthcare IT and digital health solution providers – but excluding care delivery settings such as hospitals and other facilities. This means that these technologies are being viewed through a different lens, depending on which sector the respondent belongs to.
The promise of AI in healthcare is finally starting to move beyond speculation. In recent years companies have been funneling funds into advancements, especially those that cut costs and promote patient health. Spending on healthcare AI technology is expected to surpass $34 billion by 2025, compared to $2.1 billion in 2018, according to market intelligence firm Tractica. Amazon, Siemens, IBM, Optum and GE Healthcare and health systems Mayo Clinic, Memorial Sloan Kettering and Intermountain are mining patient records for health data to train AI algorithms, allowing the machines to learn by recognizing patterns and make key predictions. In some cases, such deep learning systems are already outperforming doctors.
One hundred years from now, hospitals will be nearly unrecognizable as care moves to the outpatient setting and organizations integrate artificial intelligence, telemedicine and other IT applications to care for patients outside the walls of their institution. Forty-five healthcare executives, including five from hospital C-suites, describe the key trends disrupting the traditional hospital and how institutions can prepare for the future. Here is what 45 healthcare executives had to say about the hospital of the future. Responses are organized by category -- hospital CEOs and executives, physicians, health IT leaders, consultants and healthcare firms and organizations -- and in alphabetical order within each category. Responses have been edited lightly for length and clarity. Executive Vice President and Chief Strategy Officer at Memorial Hermann (Houston): "For decades, healthcare institutions operated under the assumption that people who are sick or injured should be seen by a ...