5 Healthcare Information Technology Trends to Watch in 2023
The global healthcare industry is expected to grow by USD 95 billion in 2023. This figure is undoubtedly likely to grow exponentially in the years to come. The use of new technology in the healthcare industry to diagnose illness and develop new vaccines and medicines helps people lead healthier lives.
Increased investment in improving the quality of healthcare services indicates increased healthcare data generation worldwide. COVID-19 made us all realize the vital role high-quality data plays in humanity’s battle against the pandemic.
Better data will empower individuals to have more control over their data, systematic collection, and data standardization. Organizations across the globe prioritize data collection and analysis solutions to gain a competitive edge.
Over the last three years, many healthcare organizations have turned their attention to technology trends in healthcare and its potential to transform the delivery of products and services. Read on to discover the top Five Technology adoptions revolutionizing the health-tech industry in 2023.
Remote Patient Monitoring (RPM)
Markets and Markets stated that the Global RPM systems market is estimated to be worth over $1.7 billion by 2027, 128% up from the current opportunities in the market. The rising geriatric population, cost benefits of telehealth, limited medical resources, growing incidence of chronic diseases, and increasing investments in telehealth are the significant factors driving the growth of the RPM markets.
Virtual Healthcare takes many forms, including remote care, online appointments, video conferencing, etc. During COVID-19, it revealed its best while dealing with personal protective equipment. As a result, the future can unlock combining hands-free and on-side treatment for medical deliveries for different categories of patients. It is a huge step forward in demonstrating technology’s power for a better future.
According to WHO, approximately 1 billion people live with a mental disorder; more than 75 percent do not receive treatment in low-income countries. One person commits suicide every 40 seconds, and mental health disorders begin at 14. Deloitte Global estimates that global spending on mental health applications would reach $500 million in 2022. Mental health is a pressing issue that needs the attention of healthcare professionals.
RPM and Telemedicine have played a significant role in coping with such problems. Patients can receive high-quality help from psychotherapists, medical professionals, consultants, etc. The most vulnerable patients, including those suffering from chronic disorders, mental illness, etc., have greatly benefited from using technology. Today, all you need is an internet connection and a communication platform to reap the benefits of Telemedicine. In 2021, 37% of adults used telemedicine, according to the Centers for Disease Control and Prevention (CDC).
Data Privacy and Cybersecurity
The industry’s future depends on improved data connectivity and customer engagement. Safeguarding data and maintaining privacy is crucial. Data security is an essential aspect, and cybersecurity will appear relevant among the future trends in healthcare technology. The goal is to protect sensitive patient data delivered online.
By the end of 2021, the number of weekly attacks on healthcare organizations reached 626. Additionally, the US FBI states that more than 40 million records were compromised in 2021 as hospital devices are vulnerable to cyberattacks. More than 93% of healthcare organizations have reported data breaches in the past three years due to recent research.
Cybersecurity measures such as threat detection in the network, application of robust AI, etc., are used to protect healthcare data and mitigate cyber-attacks. Therefore, the healthcare market will actively look for secure and reliable software that enhances the data security of their systems and sets high standards in the coming years.
Connectivity and Interoperability
Connectivity and interoperability of medical devices are essential factors that enable hospitals to achieve better patient data flow, accurate identification of high-risk patients, synchronization, and improved overall outcomes. Google Cloud’s research states that 59% of doctors believe interoperability will help identify high-risk patients, and 95% believe it will improve patient outcomes.
The opening of St. Stephen’s digital facility is the perfect example of this. This digital facility exceeded EMR and included a scalable platform to enhance interoperability. The results were decreased infection rates, sepsis algorithms, the efficiency of image documentation, etc. In addition, enhanced interoperability between EMR and the device middleware at St. Stephen’s led to improved patient outcomes and seamless communication between caregivers.
The use of Cloud Migration is in full swing. Caregivers worldwide use cloud migration to manage emails and EMRs efficiently and make real-time data available for healthcare providers. MarketsandMarkets™ estimates that the global cloud computing market for healthcare will touch USD 51.9 billion by 2024.
It solves many IT challenges in healthcare related to service delivery, record management, remote care, and reaching low-income families. Switching from legacy call center operations to the cloud improves customer engagement and streamlines resolving issues. Cloud computing creates a secure and compliant omnichannel contact center platform complemented by a solid ecosystem that enhances customer experience.
The Healthcare Technology trends mentioned above will benefit future generations to come. Technology is the mother of inventions; upgrading your healthcare systems in alignment with the latest technology will surely reap its fruits for your organization.
If you are seeking a trustworthy partner in the healthcare industry, Digicode is an ideal match. Our company stays up-to-date with the healthcare digital trends in healthcare and excels at developing highly reliable Healthcare IT products, including ERP in healthcare industry. Our experienced team is dedicated to delivering custom healthcare software development services that meet your needs. Schedule a free consultation with us to access the best talent, cost optimization benefits, quick start services, expert consultation, and consistent communication throughout the project.