insights1 HOW DIGITAL TRANSFORMATION IS DRIVING INNOVATION IN THE HEALTHCARE INDUSTRY

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HOW DIGITAL TRANSFORMATION IS DRIVING INNOVATION IN THE HEALTHCARE INDUSTRY

In this article, we will dive deep into the changing healthcare ecosystem and how to avail benefits of digital transformation in healthcare in an actionable way. We will start by looking at the process of building a roadmap of digital healthcare, the trends which are defining this movement, and the risks associated with the complete digitalization in healthcare.

What is Digital Transformation in Healthcare?


As for the healthcare industry, the term digital transformation means how an organization uses technologies and digital solutions to improve the patient experience, streamline operations, and make on-demand patient care more accessible and cheaper.

Technological advancements like electronic health records, online appointments, telemedicine, SaMD (Software as a Medical Device) and AI-powered medical devices are all examples of digitalization in the healthcare industry.

These technologies totally reshape how patients communicate with health experts, how their information is divided between suppliers, and how choices are made about their treatment plans.

The Need for Digital Transformation in Healthcare
The outbreak of the Covid-19 pandemic has accelerated the adoption of digital health technologies across healthcare industries. Digitizing the healthcare sector is now the top priority for healthcare leaders as they seek to build resilient and future-proof healthcare systems. Here are four long-term trends fueling this transformation:

Chronic diseases are on the rise
Chronic diseases are placing an increasing burden on healthcare systems worldwide. Today, more than 500 million people suffer from respiratory diseases, while another 400 million have diabetes, and another 1.1 billion adults suffer from hypertension. These numbers are projected to increase in the future as populations continue to age.

Thus, to keep healthcare systems sustainable, there’s an urgent need to utilize digital solutions in healthcare that can help detect and treat diseases faster and effectively – or, better yet, prevent people from developing chronic diseases in the first place.

Patients expect more personalized care
With the world increasingly at their fingertips, there has been a tremendous shift in patients’ expectations from healthcare. They now expect more personalized and convenient care experiences.

The pandemic has further caused a huge shift in patient expectations. For instance, as per a survey, around 40% of consumers said they will continue to use telehealth in the future as well – up from 11% of consumers using telehealth prior to Covid-19.

Healthcare providers are facing staff shortage
As demand for care is significantly increasing, healthcare providers are facing staff shortages in many parts of the globe. The WHO estimates that by 2035 there will be a global deficit of 12.9 million skilled healthcare professionals.

A 2021 survey by Medscape reveals that 42% of healthcare providers reported feeling burnout, with the Covid-19 pandemic adding to the strain for many. Thus, protecting the mental and physical well-being of healthcare professionals has become more important than ever. Utilizing digital solutions can help simplify workflows and automate routine tasks.

Healthcare providers are seeking efficiencies to reduce costs
One of the major challenges for healthcare systems is that costs of maintaining health systems and infrastructure keep increasing while reimbursement is under pressure.

Global health spending is expected to rise at a 3.9% rate annually between 2020 and 2024, up from 2.8% recorded in 2015-2019. However, more money spent does not necessarily translate into better outcomes. In the US, approximately 25% of total healthcare expenditure is wasted – administrative complexity being the major source of waste. Reducing waste and improving operational efficiencies has become a key priority for healthcare leaders, and for this, they need data-driven insights to figure out where the biggest gains are to be made.

Taken together, these four reasons show the urgent need for digital transformation in the healthcare industry to enable new ways of matching supply and demand. It is no understatement to say that the future of healthcare systems depends on digital transformation.

The Five-Step Process for Innovation in Healthcare Industry


In this section, we will understand the five steps that hospital systems can follow to advance their clinical capabilities, respond to the evolving challenges of healthcare today, and attract both healthcare providers and patients. So. let’s dive in!

 

Healthcare-Digitalization-process HOW DIGITAL TRANSFORMATION IS DRIVING INNOVATION IN THE HEALTHCARE INDUSTRY

 

Begin with the base – Look into what you already have, which includes the existing legacy systems, patient engagement software, real-time location system, EHR, telemetry, etc. Once you have the information, look into what is working for you and what could be improved.

Conduct needs assessments – Once you have all the information, involve the design team in prioritizing each department’s wish lists within the budget. Next, think about the metrics – HCAHPS scores, ROI, patient and staff safety satisfaction. Lastly, determine how to use technologies for achieving those key performance indicators.

Build the process & technology roadmap – Start with working on the design of the process and tech mapping for determining what can be solved with a process, and what needs to be incorporated into a technology. Then, move forward with an integrated delivery method, where you clarify the important questions like who would own the project and who would take responsibility for the integration.

Execution and delivery – It is important to be associated with a healthcare software development company that is conscious of all the little details, keeps projects on track, moves towards the fulfillment of a vision, and ensures that the KPIs are met. The agency must know the workarounds of all the present and foreseeable issues.

Provision for ongoing support – The last step is to have a provision to back ongoing support for smooth digitalization of healthcare. Your partnered healthcare software development company should leave you with an architecture and knowledge that would help you cross the digitalization roadblocks. Now that we have understood the steps that help in digitizing the healthcare industry, it’s time to dive into some of the prominent examples and use cases of digital healthcare solutions.

This article was originally posted by: APPINVENTIV

 

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