Tag: Digital Healthcare

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Predictive Analytics in Healthcare: A Pathway to Personalized Patient Care

Every industry today is transformed virtually by predictive analytics and the healthcare industry is no exception. Predictive analytics in healthcare is advancing patient care significantly by offering detailed insights into the medical history of patients. However, there are many healthcare organizations that are yet to tap into the full potential of predictive analytics in healthcare. Deploying predictive capabilities in extracting actionable, forward-looking insights from the growing pool of data is still a daunting task for many healthcare companies.

However, realizing the power of predictive analytics in healthcare is highly essential as predictive analytics platforms can help healthcare companies to transform medical wisdom into real-world insights. Leveraging predictive analytics in healthcare can help companies to move into the new era of medicine. Consequently, this can improve hospital care, help in the management of chronic diseases and enhance supply chain processes.

At Quantzig, we understand the difference that leveraging predictive analytics solutions can create in the healthcare industry. And to help companies in the healthcare sector stay ahead of the curve, our team of analytics experts have highlighted the ways in which predictive analytics can improve healthcare and also have explained a few use cases for predictive analytics in healthcare.

Are you looking for ways to gain consolidated insights to mitigate risks and resolution of issues for medical cost management and improved patient care? Get in touch with our experts now!

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Weekly Round-Up: A Storyboard on Healthcare Analytics and its Importance in a Fast-Changing World

LONDON: Quantzig, a leading analytics services provider, has announced the release of their new storyboard on the growing importance of healthcare analytics. These downloadable resources explain how healthcare analytics have helped healthcare players to reduce inefficiencies, minimize cost, and forecast future healthcare plans.

Today the healthcare industry is facing the heat of skyrocketing cost of care. Companies in the healthcare sector are trying to address the critical challenges by enhancing data sharing across the value chain. This is the reason why they are looking to leverage healthcare analytics solutions to improve business operations, patient experience, and healthcare outcomes. Analytics in healthcare can help companies to build multidimensional predictive models, enhance healthcare outcomes, and reduce the cost of care.

Quantzig’s analytics solutions have helped companies in the healthcare sector including medical devices, pharma, diagnostics, and healthcare delivery to gain actionable insights into patient care, mitigate risks, medical cost management, and improve payment accuracy. Below, we have summarized some of Quantzig’s free resources that highlight ways in which healthcare analytics have solutions helped healthcare businesses to gain a competitive market advantage.

Digitization has empowered healthcare businesses to gauge the impact of analytics on patient experience and outcomes. Wondering how?  Get in touch with us right now!

#1. How is healthcare analytics transforming the healthcare sector? Do you think maximizing profit by reducing healthcare costs is a herculean task? If yes, then it is time for you to leverage healthcare analytics solutions. Healthcare analytics can help businesses to implement a new model of payment on the basis of performance. Here the healthcare providers can receive the value determined by outcomes. Also, customized analytics tools and real-time dashboards can help in scrutinizing the supply chain to optimize healthcare service and patient care.

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#2. Learn how healthcare analytics can modernize the patient journey?  Today healthcare companies may question the value of improving patient experience amidst multiple priorities. But with analytics in healthcare, it seems to be a simpler task. Healthcare analytics can also help map the patient’s journey and assist healthcare companies in bridging gaps that result in leakages in the patient experience.

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Maximizing sales and marketing insights that can be obtained out of every patient interaction is a tough nut to crack and we understand that. Our healthcare analytics solutions provide best-in-class frameworks to assist healthcare organizations in enhancing patient care and outcomes. Request a free demo for more insights.

#3. Customer lifetime value models hold the solution to rising consumerism in the healthcare sector: Customer lifetime value models have always been of great importance for the retail sector, but these models have the potential to solve critical challenges in the healthcare sector too. You must be wondering how? Healthcare analytics by leveraging customer lifetime value models can help companies to enhance their relationship with patients and can lead to more compassionate patient experience.

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Healthcare Analytics: How is It Improving Healthcare Operations Globally?

What is Healthcare Analytics?

Healthcare analytics aims at offering insights into patient records, hospital management, costs, and diagnoses. It covers a broad swath of the healthcare industry, offering insights on both the micro and macro level. Healthcare analytics, when combined with data visualization tools and business intelligence suites, helps healthcare companies operate better by offering real-time information that can support decision making and deliver actionable insights.

Are you facing difficulties in dealing with regulatory pressures in the healthcare industry and constantly changing market dynamics? Get in touch with us to know how healthcare analytics can help you deal with all your issues.

Why is Data Analytics Important in Healthcare?

With the adoption of digital tools like electronic health records (EHRs), data has become more structured. Furthermore, it has improved the analysis to a large extent. Moreover, the emergence of machine learning and artificial intelligence have made inferences and predictions easier than ever before.  The dramatically positive impact data analytics can have on the pressure health systems is more efficient and promises to enhance clinical outcomes. Ideas such as doctor-on-demand, video calls, and Wi-Fi-enabled blood pressure monitors were a fantasy a decade ago. But today they are mainstream and real. This is encouraging both consumers and healthcare providers to adopt healthcare analytics rapidly to lower costs, improve efficiency and enhance patient satisfaction.

Healthcare analytics provides consolidated and actionable insights and helps in risk mitigation and resolution of issues facilitating efficiency and accuracy in the process.

Benefits of Health Analytics

Benefit #1: Identifying and targeting the right people

Health plan serves a diverse group of people who may be at any point along the continuum of health and wellness. Healthcare analytics helps the healthcare companies to identify people who are at risk and could benefit from weight management, additional screenings or smoking cessation programs. Furthermore, healthcare analytics aids in providing care to those who need it best. This starts by analyzing multiple sources such as claims data, health risk assessments and a lot more. Without healthcare analytics, health plans would have to wait to find who requires careful coordination. Additionally, health plans can leverage healthcare analytics to analyze what are the factors that motivate people and how to change their behavior. Also, it helps in taking a closer look at screening rates among people in different demographic groups. This can further help in identifying barriers to screening and determining the best way to encourage target groups to complete the recommended screenings.

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Are you wondering how to address key challenges, reduce costs, increase margins, and gain a competitive market advantage? Leveraging healthcare analytics solutions may help. Request a free proposal here to check out our portfolio of healthcare analytics solutions.

Benefit #2: Increasing productivity with real-time healthcare analytics

Healthcare analytics offers relevant data that elevates operational efficiency. This is the reason why proactive healthcare organizations are turning to healthcare analytics for right-time data feeds to track costs and outcomes and improve decision-making. Furthermore, it also facilitates the standardization of staffing with real-time data that allows physicians to focus on one patient-centered activity at a time. Top healthcare organization has realized an improvement of 50 percent in its variance from benchmark lengths of stay and a reduction of 10 percent in readmissions for heart attacks and heart failure.

Benefit #3: Reducing inefficiencies in the supply chain

Healthcare companies accumulate a huge amount of data which is stored in silos across the entire enterprise. Data silos make it difficult to spot the opportunities of savings in the thousands of daily supply chains. Healthcare analytics helps in connecting these islands of information which leads to smarter and wiser buying decisions. Additionally, it provides the ability to gather and blend data on a common field. By leveraging healthcare analytics, companies can create dashboards with data from multiple sources. Furthermore, this will offer 360-degree assessments of supply chains and help in more accurate visuals, eliminating excess and obsolete inventory while reducing the involvement of clinical staff in replenishment and ordering.

Benefit #4: Automating ad hoc visual analysis

Healthcare analytics helps in automating spreadsheets for ad hoc financial reporting in healthcare. This rule out the tendency of mistakes that are made at the expense of accuracy, efficiency, and time. Data visualization thus allows to quickly automate processes that used to consume a large amount of time. Furthermore, by leveraging healthcare analytics and artificial intelligence, providers can see a significant improvement in revenue, patient access, lower cost, patient experience, and increased asset utilization.

We understand the challenges companies face in data-driven decision making and solving operational problems. Our analytics solutions provide best-in-class frameworks to introduce innovations frequently and strive for better clinical outcomes. Request a free demo below for more insights.

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Top 3 Digital Health Trends That You Must Not Ignore

Digital health care has become synonymous with disruptive innovation in health care. It has the ability to transform every aspect of health care delivery, from advancing the health status of patients to the process of medical procedure payment. Despite that promise, digital health care has yet to become pervasive in the U.S healthcare system. The U.S healthcare landscape is going through a number of significant changes simultaneously. On one hand higher and deductible health plans have patients turning into cost-conscious consumers, while on the other hand, competition is increasing the number of care delivery channels. Additionally, the ways in which people interact with their healthcare providers are also changing due to the advent of new technologies. Digital health care is not a newbie, but it is evolving constantly to keep pace with the changing needs of everyone involved. Here are the top three digital health trends that are going to influence the digital health care industry significantly in the years to come:Contact US

Digital Health Trends

Telemedicine is becoming a new normal

The popularity of telemedicine in the healthcare system is growing with time because it is cost-effective, convenient, and proven to produce results on par with in-person care. State legislators and insurers are gradually implementing laws and policies to ensure that the approach of telemedicine is available and practical. Telemedicine is acting as a bridge between patients and doctors. Today not only do patients feel more in control of their health checkups but it has also become easier for doctors to review individual cases by being ably supported by external specialists and physicians. Therefore, telemedicine is one of the most significant digital health trends impacting the healthcare sector.demo

Big data and analytics impacting digital health care

Today health care data has huge demand as the healthcare organizations are increasingly probing to harness and interpret the data collected through both internal and external sources. Big data and analytics with its tremendous potential are enabling these organizations to focus on adoption and integration of electronic health records. Today big data is helping physicians and health tech companies to collaboratively develop and improve health care technology solutions. So, it is one of the remarkable digital health trends that healthcare companies cannot ignore.Request Proposal

Patient-generated data is becoming more valuable

Although mobile devices and wearables were generating health-related data about users for years,  it was not integrated into the patient’s medical care. This was due to the legitimate concerns about the reliability of such data and the difficulties in collecting and integrating it into the healthcare system. But now with the increasing value of the patient-generated data, this trend is going to change. Today, the data collected from patient-worn devices are both reliable and accessible. This type of data is used extensively for remote patient monitoring and has already started to play a significant role in clinical trials. All signs say that the use of patient-generated data is one of the digital health trends that will continue to accelerate.


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The Way Ahead: What to Expect in the US Healthcare Industry

US healthcare industry overview

Every presidential election and change of guards come with several changes in policies in the US healthcare industry. For instance, in 2008 when President Obama was sworn into office, it led to the establishment of the Affordable Care Act (ACA), also popularly known as Obamacare. At that time, the cost curve was swinging uncontrollably in the US healthcare industry, and to bend this the lawmakers passed a highly comprehensive legislative change in the US healthcare industry which helped expand the insurance coverage for 20 million Americans through Medicaid expansion. It also resulted in the establishment of health information exchanges. Since then, the opportunities in the US healthcare industry has flourished and changed course toward a new model of care delivery and payment. There were several major changes in the US healthcare trends since President Trump came into power. Under the Obama administration, consumers could buy short-term policies—that did not have to comply with Affordable Care Act standards. This was done as a stopgap measure until they found longer lasting insurance. In August 2018, the Trump Administration issued a final rule, allowing agencies to expand the availability of short-term health insurance policies beyond the previously three-month limit to three years. The Trump administration expects these plans to provide lesser-expensive health care at a much lower price.

Currently, The US healthcare industry is seeing a record-breaking level of acquisition activity as providers race to capitalize on innovation and deliver a better consumer experience.  But rapid consolidation raises serious concerns around the IT systems that form the backbone of patient care. As traditional healthcare systems continue to merge in order to compete, a major concern for providers is that they might become vulnerable to competition from digital health companies who can deliver care and treatment directly to patients in a more efficient manner. Furthermore, tech giants including Apple, Amazon, and Google are gradually making entry into the US healthcare industry, traditContact USional healthcare systems, and hospitals face increasing pressure in order to remain competitive.

US healthcare industry trends

2018 has been a landmark year as far as the US healthcare industry is concerned. Several new innovations in IT, medical devices, data analytics and much more have made their mark in the past decade. Furthermore, with quality, outcomes, and value being the new buzzwords for the healthcare industry in the 21st century, the stakeholders in the US and around the globe are on the hunt for innovative and cost-effective ways to deliver patient-centered, technology-enabled healthcare solutions. We have identified some of the key US healthcare industry trends to watch out for in the years to come:

Changing scenario of rural healthcare

Several patients in the United States receive care from smaller rural institutions. However, with government programs in constant danger of financial cost-saving spending cuts, rural US healthcare industry providers are in crisis. It is believed that currently one in three rural hospitals are in financial risk. Furthermore, the decreasing number of physicians, the growth of high-deductible health plans (HDHPs), a lack of choices of private exchanges, and the opioid epidemic are adding to the problems of rural healthcare industry players. However, rural healthcare industry providers will continue to turn to leverage new technology as they experience population loss. Technologies, such as teleRequest Solution Demo_QZhealth and telemedicine, and consumer health wearables or smartphones, can enable rural-based care systems to consolidate specialty care services and referrals as a means to survive and grow in the market.

Rise of consumerism in healthcare

As the healthcare costs continue to rise, consumers have become more engaged in making certain they are getting the best value for their money. One of the key US healthcare industry trends to look forward to is that consumers in the United States now expect transparency and choice in their healthcare experience. So, the success of the US healthcare industry providers will now depend on their ability to meet consumers’ needs and expectations. These providers will be the primary source of education, information, and the tools that patients need to take ownership of their health. Millennials are expected to influence the future of healthcare in new ways. This is due to their increased use of online resources and telehealth continues to grow.

Artificial intelligence in healthcare

US healthcare providers are increasingly considering the feasibility of adopting advanced innovations such as artificial intelligence into their day to day operations. This technology would prove to be highly useful in reducing bureaucracy and administrative duties that can take time away from personalized care. Top healthcare providers in the United States feel that AI would make administrative tasks a lot quicker, such as screening drug candidates, streamlining finance processes, and adverse event reporting.

Real world data and policy changes

Changes at the FDA will prompt medical and pharma companies in the United States to adjust their approach to collecting and using real-world data that is gathered outside of randomized controlled trials. This could potentially save the US healthcare industry millions of dollars. As the 21stCentury Cures Act takes effect, the FDA will be required to take into account the key uses of real-world evidence for drugs and medical devices, including incorporating this data to support new indications.Request Proposal

Change in workforce

In the United States, employment is undergoing rapid changes. In recent times, it has been observed that employment in occupations that require more education and training are on the rise. So, many workers are realizing that retraining and upgrading their skills are lifetime commitments. Furthermore, the workplace now encompasses multiple generations representing a wide variety of skills, life experiences, technical training, and educational qualifications. Such a diverse workforce environment could pose several challenges for companies in the US healthcare industry Effective communication is the most difficult aspect of managing a workplace comprising different generations of employees remains.


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Can Big Data Finally Bring an End to Cancer?

Cancer is a disease that is as old as the human civilization itself. At present, it is the second leading cause of death after cardiovascular disease. Looking at the advancements in modern medicine, one may wonder, why haven’t we found a cure for cancer yet? Cancer is a complex disease and can affect various parts of the body. A single tumor can have billions and billions of cells with each cell capable of acquiring mutations individually. To find a cure, it is almost impossible to study each variation individually. Additionally, the disease is always changing, evolving, and adapting. The best chance of studying the disease is to understand the genetic makeup of the tumor, which has billions of genomic codes. Such studies are far beyond human comprehension and require a technology that can process such vast amount of information. Big data can make such calculations possible and aid in the cancer Free demotreatment.

Understanding cancer

Cancer is a genetic disease, and is caused by certain mutations in the genes that control our cell’s functioning, especially how they grow and divide. Variation or a fault in some genes can cause the cells to grow in an uncontrolled manner. Such errors can occur due to exposure to carcinogens, radiation, and surrounding biophysical environment.

Why is it so challenging to study cancer?

Its now clear that to study cancer, physicians must understand the make-up of a particular gene. However, for an extended period of time, it has been an almost impossible task. Consider this; the human gene is composed of four different types of chromosomes. The DNA in the largest chromosome, chromosome number 1, consists of approximately 220 million base pairs. Cancer can result from mutation or alteration in any one of such base pairs. Similarly, mutations can occur in any combination of such base pairs. As a result, it is impossible for humans to devise an effective cancer treatment plan by studying all such mutations.

How can big data help in finding cancer treatment?

Big data has the capability to analyze such a broad array of information not only across a single gene but also across genetic makeup across large samples of a cancer patient. It can find out the correlation between certain factors that cause a particular type of cancer. So how can big data aid the healthcare industry to find a cure for cancer?

Targeted treatments

Targeted treatment can be used to target cancer’s specific genes and proteins that fuel the growth of cancer cells. By testing a sample of the tumor, patients can be given new drugs and targeted therapy to figure out whether the tumor has a specific target. By analyzing samples across a large population, physicians will be able to improve the efficiency of such targeted treatments.

AI-driven diagnosis

One of the pioneers in the field of cancer treatment using AI is the supercomputer, IBM Watson. Since each cancer is different, and each person has different genes, Watson can recommend a cancer drug that will most likely treat a particular patient’s cancer. It is because the supercomputer is programmed with specific details on how thousands of medicines interact with the human body. From there, Watson can make recommendations on which medication interacts beneficially with the cell affected by the cancer-causing mutation.

Genomic data

It is evident that genomic data is enormous. It takes around 200GB of storage to capture the raw code output by a genome sequencer. The cure for cancer lies in such databases. Using comparative analysis, researchers can isolate the factors that lead to cancer. However, it is not as simple as it looks, it requires huge storage and immense computing power to perform such analysis. Big data can assist healthcare professionals to compute, harvest, and decode such significant amount of data and consequently contribute towards cancer treatment.

Radiation therapy

For now, radiotherapy is the major treatment mode for cancer along with surgery and chemotherapy. A large majority of cancer patients receive radiotherapy as a part of their treatment. However, there’s a problem with such treatment mode. Physicians need to know the exact amount of radiation required, too little and it won’t work, and too much can cause side-effects and damage healthy cells as well. Analyzing historical radiation data could be used to guide radiotherapy safety thereby improving treatment efficacy.

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Why does Health Insurance Premium Cost Vary Between People?

At an age where medical costs have skyrocketed, it is almost impossible to afford healthcare without insurance. In the US alone, a visit to the physician could set you back about $100, with the cost of a bypass surgery going as high as $75,000 without insurance, which is more than the per capita income of the nation. As a result, people not only in the US but also all across the globe have opted for medical insurance. However, the health insurance premium costs vary widely from people to people and region to region. The health insurance premium paid by an individual can range from a few hundred dollars a month to nearly a thousand dollars. The difference in health insurance premium is due to multiple factors. Additionally, each health insurance company uses a set of various standards and Free demoassumptions to calculate the premium.

Age

Premium prices are usually lower for younger individuals and gradually increases as people grow older. It is because young people have fewer diagnosed and undiagnosed health problems and older people are more susceptible to age-related diseases.

For instance, in 2017, average monthly premiums for individual plans by age group were:

  • $152 for people under age 18
  • $177 for people age 18-24
  • $239 for people age 25-34
  • $303 for people age 35-44
  • $400 for people age 45-54
  • $580 for people age 55-64

Gender

Health insurance premium costs for women are slightly higher than for men as they are more likely to go to the doctor regularly, take prescriptions, and be subject to certain chronic disease. The other reason why women pay a higher premium is due to maternity insurance, which can cost thousands of dollars.

Body mass index (BMI)

BMI is a health indicator, which is used by healthcare professionals to categorize people as underweight, normal weight, overweight, and obese. People with high BMI have significantly higher health insurance premiums than those with normal BMI. The higher premiums are because people with a high BMI have higher chances of suffering from diseases like diabetes, heart and joint problem, and sleep apnea.

Tobacco use

Insurance companies penalize people who smoke cigarettes or chew tobacco by charging higher premiums or refusing to provide them with coverage. It also includes people who have consumed tobacco in the past as it can take a long time for people to recover from lifetime use of tobacco. Studies have frequently linked tobacco use with the risk of cancer and other ailments. As a result, people who use tobacco end up paying a higher premium.

Pre-existing medical conditions

Many insurance companies don’t sell insurance to people who have specific pre-existing conditions as they know it can be costly. It is also likely that the policyholder may have additional issues related to the pre-existing condition.

Family history

Health insurance companies charge a higher premium for applicants who have a family history of certain medical condition or ailments. The higher premium is due to certain diseases being hereditary in nature including heart disease, high blood pressure, arthritis, diabetes, and cancer.

Zip code

The location and region of the customer also matters when they avail health insurance. The variation is mostly due to shared climate, healthy food option, and cultural aversion to exercise. Mostly, health insurance companies detect a pattern of similar risk profiles among people who live in the same area. The premium here doesn’t vary on an individual level, but the charges will vary as per the region. Additionally, insurance companies also factor in the cost of complying with local laws into the insurance premium.

Profession

Profession is another factor that affects the health insurance costs. The insurance premium costs rise for people who work in more dangerous jobs that involves exposure to hazardous chemicals or radiation and work with high injury rates. Additionally, many insurance companies are opting to charge a higher premium for people who have incredibly sedentary jobs, which requires them to sit in one place all day. Such people have an increased risk for cardiovascular diseases.

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How can Health Informatics Impact the Healthcare Industry?

Gone are the days when patients had to carry several files of prescriptions and medical reports before visiting a physician. Today, health informatics has changed the scenario as the healthcare industry players can acquire, store, and retrieve healthcare information to facilitate better collaboration among various healthcare providers. Health informatics is contributing towards major healthcare reforms as it links information technology, communications, and healthcare to improve quality of care and patient outcomes. The field of health informatics gained prominence with the implementation of electronic health records (EHR). With the widespread use of health informatics in the developed parts of the world, the adoption rate in emerging economies is also on the rise. Free demoThis growth is largely driven by healthcare facilities implementing new systems and upgrading existing databases.

Improved patient outcome

Improving patient outcome is one of the most important reasons why players in the healthcare industry opt for health informatics. Physicians and healthcare providers agree with the fact that having electronic medical records assists them in delivering quality care. Additionally, it also assists in accurate diagnosis and reduces the chance of medical errors. It also increases the efficiency of physicians as they can take care of more patients without compromising on the quality of care. Automation is expected to bring about a revolution in healthcare delivery as it is estimated that technology can replace about 80% of a doctor’s work. For instance, sensors and active data collection can replace routine checkups, testing, diagnosis, and prescription.

Cost savings

Medical errors are the biggest contributor to the rising costs in the healthcare industry. Many studies estimate that such mistakes costs the healthcare industry billions of dollars. As health informatics eliminates many labor-intensive tasks, it can eliminate human errors and result in cost savings not only for healthcare facilities but also for patients. Additionally, reducing errors will also result in patients taking less repetitive testing or blood work since EHR can instantly provide historical data.

Patient engagement and participation

In the case of people with specific diseases like diabetes, obesity, cardiac conditions, and asthma, it is essential to monitor medication and patient condition regularly. Health informatics empowers the patient to track their medication usage and physicians to gain updated information on their patients. As a result, physicians can readily suggest the right healthcare choices to their patient.

Public health

As the famous saying goes, “knowledge is power,” access to healthcare data can improve the status of public health on a larger scale. Data collected from thousands of patients on hundreds of diseases can provide relevant insights into disease management, drug efficacy, and other factors. Additionally, public health informatics can assist in controlling the spread of diseases during an epidemic and also improve preparedness during an outbreak. Also, collection and analysis of health data can empower public health organization to put preventive plans in place by monitoring changes in certain geography or demographic.

Telemedicine and self-treatment

Health informatics helps physicians in accessing patient data remotely. This will often result in lower hospital visits and availability of immediate care, which improves patient outcomes and reduces cost. Additionally, the increasing success of medical wearable devices will also allow healthcare professionals to gather a wide variety of health metrics and recommend appropriate treatment plans.

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What Is Driving the Adoption of Digital Healthcare?

Gone are the times when digital healthcare was a novelty or a mere experiment. It is now a lucrative industry, attracting not only new players and consumers but also several investors who are the key to continuous adoption and growth. In fact, over the years the venture capital investment in digital healthcare has skyrocketed to record-breaking levels. Companies are standing up to offer solutions for the rising health care costs, physician shortages, and the need for better prevention and management of expensive chronic conditions in the healthcare industry. Technology has become so advanced that today patients can even access virtual consultation and telemedicine platforms easily. Undoubtedly, digital healthcare represents one of the most promising growth Free demosectors in the healthcare industry. But what are the factors that are driving this increased inclination towards digital healthcare?

Shift towards value-based healthcare

The healthcare industry is becoming increasingly focused on the outcomes rather than the procedures involved. Hence, there is mounting pressure on companies to deliver higher-quality care at lower costs. Stakeholders in the industry have realized that to achieve value-based healthcare efficiently; digital healthcare is the way forward. Value-based healthcare is a delivery model in which hospitals and physicians are paid based on patient health outcomes. Digital healthcare also makes it easier to share patient data and measure the patient outcome.

Rise of wearables and remote health tracking

As patients are becoming more willing to play an active role in managing their health and are getting substantially comfortable with new technologies, remote monitoring solutions and condition-specific digital healthcare programs are gaining more popularity. Also, wearables and digital sensors are shifting from fitness to clinical focus, prompting more and more physicians to recommend and even prescribe digital healthcare solutions to meet critical objectives. With the help of wearables patients and physicians can track the patient outcome in real-time, giving them the opportunity to identify deviations and get back on track quickly.

Engaged patients and pro-active providers

Today, physicians and patients engage with one another more than ever before. With the help of smartphone apps or remote technologies to track data and tweak treatments, providing, and receiving treatment have never been easier. Increased patient-engagement also ensures that they are given the right treatment and also facilitating them to keep tabs on the success rate of the treatment provided.

Rising healthcare partnerships

In recent times, partnerships between pharma and digital healthcare technology companies have been in the news. Digital healthcare vendors are increasingly signing partnerships with device manufacturers, and connecting devices for their platforms, which simplifies device data aggregation. Also, more significant healthcare players and pharmacy chains are becoming highly active in undertaking digital healthcare initiatives.


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