The Future of Technology in Patient Care Definition
- Category: Patient Care Definition
- Published: Tuesday, 15 January 2019 19:44
- Written by Patient Care Definition
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Patient Care Definition cannot be complete without including the role technology plays today in care delivery in the medical field in general. In this article, we discuss the role technology will play in the future of healthcare, possible obstacles it will face and what to expect or hope for in the future of technology in healthcare delivery and patient care definition.
The Progress and Future of AI in Healthcare
The matter of fact truth is that Artificial Intelligence will see huge progress in the healthcare industry but it will suffer some adoption gaps. So far Artificial Intelligence is looking to get rid of the current complexities that exist in the healthcare system while also dealing with the problems and setbacks it comes with. For example, lately, there has been pushback and complaints from healthcare organizations about Artificial Intelligence vendors over-promising and under-delivering.
This over-hyping and inflation of what Artificial Intelligence can do currently have led skeptics to be more skeptical and believers in the technology to have doubts. Artificial Intelligence vendors need to move beyond the hype and temptation to over-promise and provide tangible and quantifiable benefits to the healthcare industry. So far Artificial Intelligence technology can be guaranteed in most cases to have the ability to mine vast and diverse data sources, as machine learning and natural language processing (NLP) algorithms continue to be more advanced and improved upon. So far, research has shown that about 75 percent of healthcare enterprises are planning to execute an AI strategy. The coming decade looks good for artificial intelligence in healthcare and the role it will play in patient care. We can on watch and adapt with an open mind tempered by caution.
The Merging of Big Tech and Healthcare
Right now there is an increased merging of technology and healthcare and the interest of technology in the healthcare application of their technology has continued to grow. However, big tech and larger technology companies are still unsure of where they stand in this new fusion. They are yet to completely figure out their play and as such are treading lightly and not going at as fast a pace that they actually can. Big tech is hesitant because they are not sure how the consumer market will evolve and who will be in control of the future healthcare technology consumer. Will it be the healthcare industry or will it be the technology industry?
In the last year, some of the leading technology companies namely Microsoft, Amazon, and Google raised their stakes and interest in the healthcare industry. This is a sign of things to come and a sign that the big tech companies want to enter into space with full force but need at first and do their due diligence. Thus, these companies (Microsoft, Amazon, and Google) have hired high-profile clinician executives to come up with the strategies for success in the new digital health landscape. It is each company will choose to approach the healthcare space in different ways.
It’s no secret that healthcare gets more scrutiny than other industries because of the many regulations and the direct relationship between healthcare and the value of human life. So big firms evaluate their investments in healthcare with huge lenses because the consequences of failure can be catastrophic. This does not mean that they are not making bold moves into space. In as much as they try to avoid lawsuits from failed technologies they also do not want to be late into the industry and lose their title and place as an industry leader and innovator. Thus Microsoft, Amazon, and Google are all in a race to dominate this new space. So far, Apple has made some advancement and is so to say, already one foot in the door. Apple made a remarkable achievement by turning the Apple watch into an ECG app. This indicates that it is much further along in digital health than any other big tech firm.
Digital Startups and Healthcare
Just as the bigger companies are in a race to dominate the new space of technology and healthcare, smaller companies and digital start-ups are also in a race of their own to gain some traction and establish dominance in this space. Some startups have gained recognition already and others such as Lantern, Cloudmine, and Quanttus have sadly failed and shut down. Now, as these smaller companies make progress and break grounds, they will garner the attention of larger companies who will seek to either invest or purchase them in order to have that advantage for themselves and eventually dominate the industry. So expect to see healthcare enterprises acquiring technology firms and startups, and big technology firms acquiring healthcare technology start-ups. That being said, digital startups will, for the time being, continue to face a continuing battle and struggle for funding, market traction, growth, and stability.
Blockchain and Healthcare
How poetic and confusing that two industries still trying to define their identities would come together? But alas that is the reality. There is a lot of talk on the potential of blockchain but so far with no strong proof to back up the talk, it is just noise. A crucial aspect of blockchain is the need for a large number of participants to achieve critical mass in a blockchain program for it to be successful. And the healthcare industry is known for its slowness and indifference towards adopting technology, so yep, it looks like a recipe for disaster. Maybe there will be a breakthrough soon and a company will be able to find the perfect formula to make blockchain in a healthcare a reality. Till then we watch and wait.