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5 Healthcare Technology Transformation
trends to watch out for in 2017
RAHUL GUPTA
linkedin.com/in/rahul-gupta79/
twitter.com/rahulgupta79
McKinsey’s recent reports indicate that 50%
of the strategic technology budgets in
Healthcare Industry for next 5 years will be for
digital transformation initiatives
“
Key Challenges faced by Healthcare Industry
Rising US Healthcare Costs
• 2015 - $3.2 Trillion, 17.8% of GDP.
• 2025 - 19.9% of the GDP
• Company or Govt. sponsored
healthcare spurring demand
• Rising incidence of preventable
lifestyle diseases
Ageing US Demographics
• 65+ population, projected at 88M
by 2050 from current 48M
• Advancements in medicine
leading to high life expectancies
• More Lifestyle/ Degenerative
diseases
Rising Patient expectations
• SMAC in day to day lives has fuelled
similar expectations from Healthcare
• Seek recommendations on social media
and provider reviews
• Mobile enabled, on-demand services -
‘Retailization’ of Healthcare
Security, privacy & compliance
• Ransomware attacks on HC
Organizations to double by 2018
• Govt. regulations, sensitive patient
records and mandatory security
requirements.
👨👩
Technology Trends to Watch out For in 2017
0301 02 04 05M-Health
Telemedicine and Remote
Health monitoring
Wearables powered by IoT
Robotics & Artificial
body parts
.
Artificial Intelligence
M-Health
» By 2018, 65% provider interactions to happen
through mobile devices
» > 80% doctors use medical app & explore drug info
» 24 x 7 access to EMR/ EHR in cloud
» Innovative m-Health solutions
⋄ “Pager” - Professionals seek doctor visit at office
⋄ “RetraceHealth” - Consult a practitioner over video call
⋄ “Honor” aggregates caregivers for seniors
“
By 2020, global m-health market will reach $ 46B, making it the
fastest growing segment of the digital healthcare market
Telemedicine & Remote
Health Monitoring
“
Global market of telemedicine will grow from $14.3 billion in 2015
to more than $36 billion by 2020
» Reduce pressure on the current healthcare systems
& drive down the healthcare costs significantly
» Affordable and quality treatment from miles away
for remote/poor communities
» Technology to monitor health of the patients
remotely & enhance adherence to treatment
especially in case of chronic ailments like diabetes
Wearables powered by
Internet of Things
“
By 2020, Health Plan Adjustments will happen real time with
Artificial Intelligence using data from Wearables, resulting in
20% More Patients Being Engaged in Their Health
» Wearable connected devices monitor/collect vital
stats, transmit to payers and providers in real-time.
» Life saver - Predicting risk for sudden illnesses
» Promote healthier lifestyle, provide tailored plans
» Vast data captured to aid in clinical research
» Devices the size of a credit card for ECGs,
Ultrasounds and D-I-Y diagnostic tests etc.
Artificial Intelligence
“
Artificial intelligence diagnoses better than physicians, reducing
the costs by more than 50% & free up 30% of clinician’s time
» Accurate diagnosis using AI by interpreting EHR/
EMR, X-rays, Prescriptions, Call records etc. using
NLP & deep learning
» Ensure correct medical codes for reimbursements.
» Collation of medical history at organization,
demographics, region, culture or country level to
automatically predict risk factors, healthcare
trends and outbreaks etc.
Robotics/ Artificial
Body Parts
“
By 2019 there will be a 50% rise in the use of robotics in
surgeries & to deliver medications, food & supplies in the hospitals
» Specialist highly precise surgeries from miles away
» Highlight blood vessels in on-screen video
» Critical info, analysis of patient’s history on screen
» Brain-controlled prosthetic limbs
» 3D printed bone, implants, tissue and muscles
» Genomics and DNA sequencing for custom-made
body parts and artificial organs
Digital Healthcare Trends Hype Cycle
“
Currently 10% of healthcare payers/providers are executing healthcare digital transformation.
By 2018, 42% providers & 58% payers will be deploying digital transformation
Artificial
Intelligence
IoT powered Wearables
Robotics/ Bionic
limbs
m-Health
Visibility>>
Maturity >>
3D-Bioprinting
Telemedicine/
Remote Monitor
» Most of the trends are in early
stages of Technology adoption
» m-Health has matured as a
concept, innovation continues
» Focus has clearly shifted to
Patient needs rather than
payer/provider efficiencies
References - cms.gov; mckinsey.com/industries/healthcare-systems-and-services; betterworkingworld.ey.com; forbes.com; nanalyze.com; medicalfutureslab.org; i-scoop.eu/digital-
transformation/healthcare-industry/ ; idc.com; transparencymarketresearch.com; nia.nih.gov Picture Credits - lakeforestmba.edu; amdtelemedicine.com; cisco.com; itmsc.cn;
healthtechviews.6revs.com ;obssr.od.nih.gov; theguardian.com; riteaid.com; buyourobot.com; betterworkingworld.ey.com; eurotech-universities.eu
RAHUL GUPTA
linkedin.com/in/rahul-gupta79/
twitter.com/rahulgupta79

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5 healthcare technology transformation trends to watch out for in 2017

  • 1. 5 Healthcare Technology Transformation trends to watch out for in 2017 RAHUL GUPTA linkedin.com/in/rahul-gupta79/ twitter.com/rahulgupta79
  • 2. McKinsey’s recent reports indicate that 50% of the strategic technology budgets in Healthcare Industry for next 5 years will be for digital transformation initiatives “
  • 3. Key Challenges faced by Healthcare Industry Rising US Healthcare Costs • 2015 - $3.2 Trillion, 17.8% of GDP. • 2025 - 19.9% of the GDP • Company or Govt. sponsored healthcare spurring demand • Rising incidence of preventable lifestyle diseases Ageing US Demographics • 65+ population, projected at 88M by 2050 from current 48M • Advancements in medicine leading to high life expectancies • More Lifestyle/ Degenerative diseases Rising Patient expectations • SMAC in day to day lives has fuelled similar expectations from Healthcare • Seek recommendations on social media and provider reviews • Mobile enabled, on-demand services - ‘Retailization’ of Healthcare Security, privacy & compliance • Ransomware attacks on HC Organizations to double by 2018 • Govt. regulations, sensitive patient records and mandatory security requirements. 👨👩
  • 4. Technology Trends to Watch out For in 2017 0301 02 04 05M-Health Telemedicine and Remote Health monitoring Wearables powered by IoT Robotics & Artificial body parts . Artificial Intelligence
  • 5. M-Health » By 2018, 65% provider interactions to happen through mobile devices » > 80% doctors use medical app & explore drug info » 24 x 7 access to EMR/ EHR in cloud » Innovative m-Health solutions ⋄ “Pager” - Professionals seek doctor visit at office ⋄ “RetraceHealth” - Consult a practitioner over video call ⋄ “Honor” aggregates caregivers for seniors “ By 2020, global m-health market will reach $ 46B, making it the fastest growing segment of the digital healthcare market
  • 6. Telemedicine & Remote Health Monitoring “ Global market of telemedicine will grow from $14.3 billion in 2015 to more than $36 billion by 2020 » Reduce pressure on the current healthcare systems & drive down the healthcare costs significantly » Affordable and quality treatment from miles away for remote/poor communities » Technology to monitor health of the patients remotely & enhance adherence to treatment especially in case of chronic ailments like diabetes
  • 7. Wearables powered by Internet of Things “ By 2020, Health Plan Adjustments will happen real time with Artificial Intelligence using data from Wearables, resulting in 20% More Patients Being Engaged in Their Health » Wearable connected devices monitor/collect vital stats, transmit to payers and providers in real-time. » Life saver - Predicting risk for sudden illnesses » Promote healthier lifestyle, provide tailored plans » Vast data captured to aid in clinical research » Devices the size of a credit card for ECGs, Ultrasounds and D-I-Y diagnostic tests etc.
  • 8. Artificial Intelligence “ Artificial intelligence diagnoses better than physicians, reducing the costs by more than 50% & free up 30% of clinician’s time » Accurate diagnosis using AI by interpreting EHR/ EMR, X-rays, Prescriptions, Call records etc. using NLP & deep learning » Ensure correct medical codes for reimbursements. » Collation of medical history at organization, demographics, region, culture or country level to automatically predict risk factors, healthcare trends and outbreaks etc.
  • 9. Robotics/ Artificial Body Parts “ By 2019 there will be a 50% rise in the use of robotics in surgeries & to deliver medications, food & supplies in the hospitals » Specialist highly precise surgeries from miles away » Highlight blood vessels in on-screen video » Critical info, analysis of patient’s history on screen » Brain-controlled prosthetic limbs » 3D printed bone, implants, tissue and muscles » Genomics and DNA sequencing for custom-made body parts and artificial organs
  • 10. Digital Healthcare Trends Hype Cycle “ Currently 10% of healthcare payers/providers are executing healthcare digital transformation. By 2018, 42% providers & 58% payers will be deploying digital transformation Artificial Intelligence IoT powered Wearables Robotics/ Bionic limbs m-Health Visibility>> Maturity >> 3D-Bioprinting Telemedicine/ Remote Monitor » Most of the trends are in early stages of Technology adoption » m-Health has matured as a concept, innovation continues » Focus has clearly shifted to Patient needs rather than payer/provider efficiencies
  • 11. References - cms.gov; mckinsey.com/industries/healthcare-systems-and-services; betterworkingworld.ey.com; forbes.com; nanalyze.com; medicalfutureslab.org; i-scoop.eu/digital- transformation/healthcare-industry/ ; idc.com; transparencymarketresearch.com; nia.nih.gov Picture Credits - lakeforestmba.edu; amdtelemedicine.com; cisco.com; itmsc.cn; healthtechviews.6revs.com ;obssr.od.nih.gov; theguardian.com; riteaid.com; buyourobot.com; betterworkingworld.ey.com; eurotech-universities.eu RAHUL GUPTA linkedin.com/in/rahul-gupta79/ twitter.com/rahulgupta79