How is Tech Transforming the Health Industry?
Updated On October 17, 2023 | by Raymond L. Mora
Technology has significantly accelerated development in the healthcare sector over the past five years and directly benefited the patient and healthcare provider experience.
Technology is among the biggest shifts being experienced in the industry and is significantly enhancing access to healthcare globally. It has led to the establishment of a new digital health ecosystem, from remote monitoring devices to glucose-monitoring contact lenses. Conclusions cover five ways that technology will be influencing healthcare in 2023.
Do not panic if you still worry that AI will take over your work. There is very little likelihood that robots will replace physicians and surgeons.
Although AI cannot replace you, it can make it better. The healthcare industry is changing due to many AI technologies, including natural language processing, task automation, and machine learning. These technologies can be used in various healthcare specialties, including pediatrics.
The wonderful thing about AI is how it gathers, processes, and turns enormous amounts of data into insightful knowledge. It is also popular in other industries, with casinos like ZAR Casino utilizing it.
In the health sector, it detects diseases in their early stages. That is especially pertinent to programs that provide pink screening, like mammography.
AI algorithms, for instance, can identify breast cancer risk more quickly than people. The fact that they provide 99% accuracy is crucial. That presents a chance for doctors to lower the danger of human error. By scanning numerous documents and breast cancer scans, these tools can spot alterations that might otherwise go undetected.
Additionally, AI tools examine patient information and contrast patients’ health with their treatment. In this way, they support clinics in spotting patterns and prescription mistakes.
Lastly, there are some AI that writes codes, making them a great choice for software-oriented businesses.
Sensors, Wearables, and Healthcare Trackers
Patients and individuals are employing technology like wearables, health trackers, and sensors to better care for their health. This is closely related to the future of healthcare and medicine. These great tools help you better understand your health and have greater control over your life.
With gadgets that can optimize a fitness program, count workouts, monitor sleep, etc., today’s market is flooded with health applications and trackers. There is a device for every need, like automated dispensing cabinets, whether you want to reduce stress, improve cognitive function, lose weight, or feel more energized and healthy. These technologically advanced innovations make the patient the center of care.
Individuals can also monitor their health and well-being at home and exchange this information with their doctor remotely.
This cutting-edge technology enhances healthcare in various ways, from automating tedious jobs to providing better patient care. But as the cloud, the Internet of Things, and big data proliferate, so do the cybersecurity risks.
Sensitive patient data, including their medical histories or financial information, is stored on the servers of healthcare organizations, making them a valuable target for cyber hackers. According to surveys, security breaches cost the healthcare industry $6.5 billion annually.
The use of blockchain technology is one of the best approaches to dealing with this problem. Decentralization and encryption are used to ensure the integrity and transparency of patient data. The future of blockchain is critical to fully comprehending the global implications of technological advancements.
Most significantly, this data cannot be compromised or breached by cybercriminals. Institutions in the healthcare industry are beginning to see the value of blockchain technologies. By 2023, blockchain in healthcare is expected to generate $890.5 million, according to statistics.
The whole Human Genome Project has cost the United States government an absurd $2.7 billion. Consider that DNA sequencing manufacturer Illumina unveiled a device in January 2017 that, according to the industry behemoth, was “anticipated one day” to be able to provide a complete genome for less than $100.
This kind of test has immense potential. Multifactorial or monogenic medical disorders, drug sensitivities, and family history can all be learned through genome sequencing. Furthermore, numerous sectors, including nutrigenomics, which combines dietetics, genomics, and nutrition, can benefit from it. By utilizing genetic coding, businesses can, for instance, provide customized nutrition plans.
Genetic tests from companies like Atlas Biomed are also helpful. While it can be challenging to understand, the analysis produces valuable conclusions. It assesses disease risk factors and keeps track of vitamin intake and intolerances. You can utilize the information to take preventative measures.
Supply Chain Management
The need to control healthcare spending grows as expenses rise. For instance, there is ongoing pressure to find a solution to regulate and reduce costs as drug prices rise or other materials needed by hospitals, doctors, and other healthcare providers become more expensive.
Here is where supply chain management tools, for example, can help medical professionals. This tool aids in finding the vendors and other procurement methods that are most cost-effective for sustaining healthcare operations. Supply chain management can support the procurement process, the caliber of the vendors, and the identification of backup providers.
Many technologies can help supply these services, and this optimization process is becoming more prevalent in healthcare. Furthermore, some supply chain management automation tools are widely used by industry experts to gain a competitive advantage over pre-existing supply chains.
It is obvious that technology is significantly changing the healthcare sector as a whole and is being applied in many creative ways. As technology advances and continues to assist with so many facets of healthcare for patients and staff, this will only continue in the upcoming years.