Top 8 Ways Digital Transformation Is Revolutionizing the Healthcare Industry
Digital transformation is revolutionizing the healthcare industry. Here are 8 ways digital transformation is helping make a difference in the world of medicine.
Technology has taken over various industries and made huge transformations in daily tasks. But still, there is some significant impact made in the healthcare industry. Digital transformation in healthcare fundamentally enhances the user experience, builds loyalty and trust, and what patients want.
Amid the covid 19, digital transformation has accelerated several trends in the healthcare department prioritizing access to healthcare and continence. Also, it has led the health systems to amalgamate digital transformation to be quite consumer-friendly and at the same time improvise the technology, culture, and operations.
With the help of analyzing data, one can understand the users' demands and behaviors. Based on this, healthcare providers can work on improvising the user experience to add more trust and value.
As a healthcare provider, it is important to know that digital transformation can sometimes be overwhelming. Choosing the right technology is quite important and challenging for any healthcare leader. While you adapt to the new technologies, you not only avoid outdated business processes but also believe in the recent technological advancements that would help you to deliver significant outcomes.
Digital transformation in Healthcare Statistics
A recent survey found that only 7 percent of pharmaceutical companies and healthcare providers have transformed to digital products compared to other industries where 15 percent of companies have transformed.
Although the US Healthcare market is quite huge and projected spending is about to reach USD 5.7 trillion by 2026, there is still some time needed to get the healthcare providers well-versed with the technological advancements.
This blog will discuss some of the key digital transformations happening in the healthcare industry. The patients get better treatment with technologies like 5g mobile, wearable, and virtual reality tools. Also, AI-powered devices help to streamline the workflow.
As per the Deloitte survey, it is expected with the use of advanced digital technologies, {: gap {:kind:userinput}} would enhance the patient experience up to 92 percent. Some of the factors like management, and leadership could be the key accelerators for digital transformation.
Top 8 Ways Digital Transformation Is Revolutionizing the Healthcare Industry.
Rise in on-demand healthcare services.
Most patients look at health care services based on their schedule. This new transformation is happening, where consumers want to consume services on their own time. The healthcare industry is entering the digital transformation era, where patients look for on-demand healthcare services due to busy schedules.
Companies like Nomad, an online healthcare marketplace, connect doctors to various medical facilities and patients. Building an online marketplace can be simplified by Shopify development services.
If you are an entrepreneur and want to deep dive into a healthcare product, you can hire a Shopify developer to build a healthcare marketplace that could connect doctors with patients.
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Telemedicine
Several innovative solutions are changing the way healthcare services are provided. With the help of telemedicine, people can access healthcare from anywhere around the corner by booking a virtual appointment.
This innovation is quite helpful for people located in remote areas, and access to healthcare is quite difficult. With the help of virtual appointments, a disadvantaged person can get a doctor's consultation. Patients with physical disabilities who can't move from one place to another can also benefit from it.
Use of Advanced Big data analysis tools to understand the behavior.
Big data has an important role to play in the healthcare Industry. It offers various services such as aggregating data from multiple sources like social media, eCommerce, financial transactions, and online services. With big data, many benefits can be availed, such as more accurate staffing, facility with the best preventive care, and a lower rate of medication flaws.
Augmented and Virtual Reality to treat patients.
If we talked about ten years ago, people would laugh if we had told them that they could reduce their pain with a device similar to a video game. But with the technological advancement in recent years, Virtual reality is playing a major role, and such small devices are being used to treat parents.
According to the CDC, approximately half a billion people suffer from chronic pain. With the help of VR, a device can be developed that can treat pain and cure problems like anxiety. VR technology has become a powerful communication channel that opens up many opportunities.
IoT and Wearable Devices to track health metrics.
This is one of the common trends seen nowadays in digital healthcare. Many companies collect health data from devices, including wearable devices like watches. As per the survey, many patients focus on maintenance and prevention.
Also, they demand frequent information about their health. As a result, many healthcare companies are now investing in wearable devices that can analyze the healthcare metrics of individuals and provide an analysis. Many common devices are Exercise trackers, Sweat meters, Oximeters, and Heat rate sensors.
According to a recent report, it is expected that by the end of 2023, the wearable device market will reach a worth of USD 27 Million from 8 million USD in 2017.
Blockchain is quite a promising technology for storing medical healthcare records.
In recent times, blockchain and cryptocurrencies have gained massive popularity. Many people are now using Blockchain technology to store data and do financial transactions without any involvement of a third party.
The Pharmaceutical industry and healthcare providers are vouching for this technology and investing millions of dollars in the efficiency of blockchain to store the data. As per recent studies, the blockchain application in the healthcare market will reach a market value of USD 890.5 Million by 2024.
Data Analytics and Artificial Intelligence in Healthcare Sector.
AI systems have a huge potential to help various industries become effective, affordable, and accessible. With The Help of AI systems, costs get lowered as they are quite efficient in completing tasks in less time than humans.
With AI, patients can use self-service applications and allow clinics to use the available resources in such a way that it offers the greatest impact on the patient's healthcare.
As per the study by Accenture, AI systems could help to fulfill 20 percent of clinic demand. By 2026, the top AI applications and software would help to save approximately USD 150 billion per year.
Robotics in Healthcare Industry
Robots and AI can play a major role in speeding up routine tasks and focusing more on responsibilities. Automation in the healthcare sector can make the medical processes quite less expensive and medical procedures. Some of the healthcare industry's benefits are Shorter hospitalization, Greater precision, Greater Visualization, minimal scarring, and much more.
Conclusion
The amalgamation of the healthcare system with digital technologies can help to strengthen customer relationships and improve healthcare services. Emerging technologies can result in tremendous changes in employee engagement and organizational culture.
Digital transformation in healthcare would embrace six main principles ----- digital governance and leadership, building a culture of digital leadership through advanced communication, use of cybersecurity to build strong risk management, scalability and flexibility in the implementation of the technologies, building scalable, accountable, and measurable KPIs, prepare the next generation with a focus on quality and quantity of workforce.
The benefit of digital transformation would transform all aspects of healthcare. Also, it could offer numerous features like decreasing the cost, improving quality, and access to healthcare services. Also, it would allow consumers to connect with the healthcare provider quickly and seamlessly.