The incorporation of information technology since the mid-90s increased productivity among different sectors around the world. There’s no two ways about it. Healthcare on the other hand was one industry that took its own course to transition from a largely paper-based process to digitization.
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.
The COVID-19 pandemic has made healthcare providers realize the importance of digital solutions, more than ever. The providers are continuously struggling to reduce the burdens & risks associated with travel to clinics, hospitals, labs, or other healthcare organizations. Moreover, caregivers have to ensure the delivery of value-based care to patients in their home environments. The insurance reimbursements need to be streamlined. As a consequence of this demand, the digital healthcare market is projected to reach $500 billion by 2025.
The COVID-19 pandemic is driving the healthcare system to the limit. The rapid rise in the demand for healthcare facilities and providers has burdened the system, making it unable to operate with absolute efficiency.
In effect to the COVID-19 pandemic, remote services have become the new normal. That is why, telemedicine, the practice of providing care to the patients remotely has been gaining ground in the healthcare industry. During the challenging times of pandemic, telemedicine services are a go-to option for safe consultation sessions.
The COVID-19 pandemic has affected over 9 million lives worldwide. The virus infection is disseminating like wildfire, putting pressure on the global economy and marking a downfall of various businesses.
Yoga, the ancient health discipline is gaining popularity and acceptance, globally. It’s attaining a significant space in the wellness industry. If we specifically talk about the United States, there are 55 million people who practice yoga. In fact, Yoga and Pilates are two of the fastest-growing disciplines to achieve holistic health.
About a decade ago, we have seen the big-box gyms dominating the fitness industry. In about $50/month, people used to get everything they needed to break the sweat. Today, the boutique studios have changed the face of fitness by bringing in unique ways of staying fit, such as Yoga, indoor cycling, boxing, Zumba, etc.
These days, patient care and healthcare outcomes go beyond outpatient treatment and medication. A nutritious diet plan, exercise, regular health vitals tracking, psychotherapies, etc. have become an essential part of the treatment plan. That is why healthcare providers are focusing on wellness programs that offer personalized care options to the patients.
Industry experts frequently speak about agility, as it has become the most popular buzzword nowadays. Agility, in simple terms, is the ability to use the fastest way to get new products to the market. This is the definition of agility in normal times, whereas the definition of agility for today’s environment when the world is fighting a global pandemic situation is quite different. Businesses today need to mobilize resources efficiently and effectively to ensure their survival.