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.
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.
Worried about their well-being amid the coronavirus outbreak, people are reaching out to doctors even for mildest symptoms. However, the lockdown protocol has limited people to step out from their homes and thus they look out for the alternatives to the in-person consultation session with physicians.
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.
As the number of confirmed COVID-19 cases spikes, several countries have found lockdown as a solution to control this pandemic. As hundreds and thousands of people stay at home following this emergency protocol to prevent COVID-19 spread, they are avoiding visits to medical clinics or in-person physician consultation for acute illness.
The coronavirus outbreak, which originated in China, has infected tens of thousands of people globally. With over 153,648 confirmed cases across 146 countries, the World Health Organization (WHO) has officially declared it a pandemic. (Source)
7% of Google’s daily searches are health-related, equivalent to 70,000 searches every minute. People are asking us questions about conditions, medication, symptoms, and insurance, confirms David Feinberg (VP, Google Health).
Patients with scheduled clinical appointments, who do not show-up, harms the clinical workflow, patient care system, and cost-effective care delivery. Studies suggest that 1 out of every 5 appointments are a no-show.
The healthcare industry is adopting technology for prevention, diagnosis, and treatment. Artificial Intelligence (AI), Blockchain, Internet of Things (IoT), Robotic Process Automation (RPA) are some of the technologies that are making waves in the health-IT sector, enabling stakeholders to refine the quality of health.