4 Trends That Are Giving Life To the Healthcare Industry

Written by
Rebecca Smith

Published
Sep 21, 2018

Sep 21, 2018 • by Rebecca Smith

The healthcare industry is typically synonymous with cutting edge. Game-changing trends and innovations emerge here first and could shape other aspects of our lives.

In a field where every second matters, it's critical to understand the trends and technology that give modern healthcare the ability to thrive.

Take a closer look at four of the top trends that are taking healthcare to the next level:

1. Blockchain Technology

Blockchain technology didn't originate in healthcare, but its potential application for healthcare providers is hard to ignore.

Simply put, blockchain technology is poised to eliminate some of the major disturbances plaguing the industry. Forecasters predict that implementing blockchain technology can link healthcare databases, reduce administrative tasks, and promote higher data security.

As a result, providers can focus more time on patient care. Their patient volume may increase without sacrificing quality of care.

They may also be able to derive deeper insights from patient data without compromising privacy. This could be a huge step in healthcare research and development when discovering different treatment options and therapies.

2. Wearable Technology in the Healthcare Industry

Wearable devices allow patients to actively participate in and take control of their own health. Everything from Bluetooth fitness bracelets to FDA-approved devices collects data about the wearer to encourage compliance and healthy habits.

Because of its relatively new use in the healthcare market, it remains to be seen if these devices actually result in a positive outcome for the patient. There simply isn't enough evidence to confirm it.

However, data collection is continually in motion and will be carefully analyzed over the coming years. There may be clearer insights as to how wearable devices impact the user's health in the future.

3. Interoperability

Thanks to customizable, scalable software solutions, healthcare is experiencing interoperability like never before.

Interoperability allows two or more systems to exchange data seamlessly in a way that's understood by the end user. When achieved in the healthcare industry, interoperability can help expedite patient care, assist with scheduling and staffing needs, and provide enhanced communication.

Pharmacists, healthcare providers, labs, vendors, and patients benefit from the streamlined processes and procedures offered by interoperability.

4. The Internet of Things

The Internet of Things (IoT) is bringing a new form of connectedness to the healthcare industry.

By fusing various moving parts into a seamless experience, healthcare facilities are better able to maximize resources and productivity.

IoT has seemingly infinite possibilities, from wearable technology to apps and remote monitoring. Physicians can check in on patients from virtually anywhere to reduce the cost of treatment and diagnosis.

The biggest challenge of moving forward with IoT possibilities is data security. How data is collected, stored, and transmitted is new territory and needs to be closely examined in order to move IoT integration forward.

Technology Is Shaping Lives - And Saving Lives

The healthcare industry continues to pioneer life-changing technology. It's important to realize that even though these trends are already impacting modern healthcare as we know it, they are but stepping stones that will eventually lead to other solutions.

Where do we go from here?

Only time will tell. But it will be a fascinating journey to watch unfold.

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