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Healthcare IT Trends

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These are the slides from a talk I gave on healthcare IT trends to a group of local healthcare entrepreneurs and enthusiasts.

These are the slides from a talk I gave on healthcare IT trends to a group of local healthcare entrepreneurs and enthusiasts.

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  • 1. Healthcare Information Technology Trends and Opportunities David Edgerton, Jr. Healthcare.mn February 3, 2014
  • 2. Topics Healthcare IT Industry Trends The Opportunities
  • 3. The Healthcare IT Industry Health care is the largest sector of the U.S. economy ($ 2.8 trillion in 2012) The health care IT market is expected to grow at a compound annual rate of 16 percent, reaching $ 53.8 billion worldwide by 2014 (MarketResearch.com, 2009).
  • 4. Healthcare Industry Structure (Gartner)
  • 5. Incentives for Change in Healthcare The pressure to cut healthcare costs Demand to integrate healthcare systems Higher rate of return on investment in healthcare systems Financial support and incentives from the U.S. government Government initiatives, the rise in the
  • 6. Healthcare IT Spend by Vendor (Gartner)
  • 7. Percentage of IT Spending in Healthcare (Gartner)
  • 8. Current IT Trends in Healthcare The electronic health record market, meanwhile, hit $20 billion in 2012 (Kalorama Information, 2013) The global mHealth app services market is set to reach $26 billion by 2017 (research2guidance, 2013
  • 9. Current IT Trends in Healthcare Mobile Networking - 3 million patients will be monitored via mobile networks by 2016 Desktop Virtualization – 70% of hospitals identified thin or zero (ultra-thin) clients as their preferred endpoint.
  • 10. Current IT Trends in Healthcare Mobility at The Patient Bedside – 66% of doctors use iPads or other tablets for medical purposes, up from 45% a year earlier. Data Will Continue to Play A Role – 10% of hospitals implemented data analytics tools in 2011. 50% are predicted to do so by 2016.
  • 11. Themes for New Market Opportunities in Healthcare IT Health Hyper Efficiency The Personalized Health Movement Digital Peer-to-Peer Healthcare
  • 12. Health Hyper Efficiency Empathetic Interfaces: Incorporate more intuitive design and processes aimed at making digital tools more responsive to emotional needs, or more human-like. Unhealthy Surveillance: New surveillance technologies combine large amounts of data and raise significant privacy and security concerns. Predictive Psychohistory: Big Data are increasingly being used to make large- and small-scale predictions about individual and
  • 13. The Personalized Health Movement The Over-Quantified Self: As the volume of clinical and health information collected from wearable computers, passive sensors, and more increases, consumers will struggle to find true actionable value beyond "feel good stats" in this flood of data Multicultural Misalignment: Health technologies will be less effective if they are not optimized to account for differences in age, ethnicity, culture, and more. A range of organizations and businesses will work to provide unique and effective digital health tools to diverse
  • 14. The Personalized Health Movement Micro-Health Rewards: Inspired by federal legislation and a deeper understanding of behavioral science, insurers, corporations, health providers, and others will apply game theory to encourage people to adopt and sustain healthy behaviors by offering them tangible rewards (or punishments) as incentives.
  • 15. Digital Peer-to-Peer Healthcare Virtual Counseling: Seeking emotional and logistical support, people forge oneto-one relationships online to offer assistance with navigating the new health insurance landscape, provide virtual moral support, "sponsor" one another, and share unique knowledge about conditions, ailments, and caregiving.
  • 16. Digital Peer-to-Peer Healthcare CareHacking: Forced to increasingly take responsibility for their own care in a complex system, digitally savvy health consumers combine information from doctors, the Web, electronic medical records, and other sources to "hack" the health system in an effort to educate themselves, navigate loopholes, and ultimately get better, lower cost, and faster care for themselves and those they love.
  • 17. Great Books on Healthcare IT and Trends
  • 18. Thanks and Connect With Me Linkedin: http://www.linkedin.com/in/davidedgerto njr Twitter: http://www.twitter.com/davidedgertonjr Blog: http://www.davidedgertonjr.co Email: davidedgertonjr@gmail.com