The pandemic has shown us the significance of digital readiness, which will enable business and our lives to continue as usual during the pandemic. Building the required infrastructure to sustain a digitized world and stay ahead of the curve with the latest technology will be essential for any business or country to remain competitive in a post-COVID-19 era.
[eBook] Running Your Business In The Post-COVID Era: Insights On How The Tech Industry Is Shaping Up To The New Normal
Envisioning 5G leads me to catchphrases such as speed, low latency, ubiquitous coverage and massive capacity of the Verizon 5G Ultra Wideband network. Sounds amazing, doesn't it? Now imagine compiling this futuristic cellular technology with the astute capabilities of IoT. Sounds even better.
The trend of digital health technology is on an upward curve presently and will remain so in the decade to come. It is estimated to exceed over $379 billion by 2024. This colossal growth will fuel the need to integrate these latest technologies into the EHR (Electronic Health Record) for any health system. EHR integration enables us to leverage data and insights from digital health tools providing important information, alerts and opportunities including the financial and operational guidance at the point of care.
Digital has the potential to completely transform the provider’s business and its operations through powerful and intelligent technology. Precision and genomic medicine, real-time clinical operation, virtual care, population health and care pathway orchestration platforms are rising and converging to form hyper-connected digital services and smart infrastructure that shape and form a new healthcare ecosystem.
According to “National Health Expenditure”, spending growth of hospitals is projected to accelerate to 5.7% per year on average over 2020-27 due to increase in spending growth of all payers (and medicare in particular). Also contributing to faster growth over 2020-27 is somewhat higher price growth arising from expected increases in wage growth and tighter labour markets for healthcare professionals.