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 ...
Quality healthcare is one of the most important factors, how individuals perceive their quality of life. In most countries, alongside the economy, it is one of the major political issues. In some countries, the healthcare delivery organization is a part of the national identity. Currently, the healthcare industry is going through a transformation, and to succeed in the increasingly competitive environment, organizations need to make significant investments in processes and technologies to cut down costs, increase access to care delivery, and improve medical care. Globally, majority of economies are facing similar challenges such as rising healthcare costs, changing demographics, resource gap (i.e. even the demand is increasing, there is a global shortage of clinicians), increasing focus on quality, etc. Driving current healthcare trends are the costs of providing care and the outcome of this care.