Page 8 - October 2018 Disruption Report Flip Book

DISRUPTION OF HEALTHCARE OJACNTUOABREYR 2018
The digital transformation of healthcare
“A core component of the next revolution is data-driven healthcare,” wrote Dr. John Haughom. “Data-driven healthcare can be defined as the effective use of vast amounts of data collected in the process of managing the health and wellbeing of millions of patients in a continuous effort to improve the quality, efficacy, and cost of care. Data-driven healthcare also creates the possibility of delivering care that is highly personalized to each individual patient, while shifting more control and responsibility from doctors to the largest untapped healthcare workforce in the country—patients and their families.”
In this age of data collection, predictive analytics can build better patient profiles for more effective diagnosis and treatment of disease. Using more detailed data collection algorithms, doctors will be able to predict diseases and personalize treatments at an unprecedented level. This paves the way for more customized medicines that incorporate each patient’s unique data.
Five trends are driving the digital revolution of healthcare, according to Perficient,a digital transformation consulting firm:
Artificial Intelligence (AI) and Big Data: Cognitive computing, with the right data elements, enables the automation and expedited identification of persons at risk, and
can recommend evidence-based courses of action for treatment or prevention. Artificial intelligence in healthcare is expected to reach $1,139.2 million by 2022, according to Infoholic Research. “Huge investments and strict governmental regulations are driving the growth in North America. One such initiative is Patient Protection and Affordable Care Act (ACA), which is leading emphasis on cost management and integrated care delivery models.” IBM Watson for Oncology is just one example of how cognitive computing continues to emerge in healthcare.
Telemedicine: Growing in popularity, a patient can skip the trek to the doctor’s office and instead hop on a call to interact with a medical professional. Common applications include follow-up visits, remote chronic disease management, preventative care support, and mental health support, to name a few.
Mobility and Cloud Access: Some 80% of doctors already use smartphones and medical apps, and numerous providers are now storing medical records in the cloud that enable patients to access test results online as soon as they are available. HIPAA laws continue to drive focus on data protection and security.
© 2018 by Canfield Press, LLC. All rights reserved. www.canfieldpress.com 7