Technology is evolving at a rapid pace each year and healthcare industry is not alone. We saw many innovative and exciting technologies last year and expected to continue in 2017 too. Upcoming innovative technology promises to leave an impression on healthcare in this year and beyond.
Precision medicine is a new kind of approach for treatment and prevention of diseases in which variability in genes, environment, and lifestyle of each patient is taken into consideration.
Cognitive Computing simulates human thought processes in a computerized model through deep learning algorithms and NLP (natural language processing). IBM Watson is a well-known example of this cognitive computing.
With humongous amounts of Health Data being generated every minute, healthcare industry is struggling to process these much amount of data and this is where IBM Watson can help, it can read about 40 million documents in just 15 seconds. About 80% of health related data is invisible to current healthcare systems because it is unstructured but Watson Health can see it.
From wellness to better outcomes, IBM Watson is fast becoming a powerful player in the healthcare field. IBM Watson’s cognitive computing is being used in increasingly innovative ways in healthcare.
Wearables and fitness trackers are the new toys. Health Wearables are the forerunners of emerging HealthCare delivery model where the focus is on personalization and engagement.
Today, there are several brands of Wearables available in the market, some of them are fitness trackers, skin patches, sleep sensors, smart clothing, smart glasses, activity monitors etc. All these devices collect raw data from patient which is then fed into and analyzed by a software application. According to recent reports from Huffington Post, the number of health wearables sold globally is expected to reach 130 million by 2018.
Blockchain are decentralized databases that keep a record of how data is generated and changed over time. It is a peer-to-peer distributed ledger technology which can be trusted as authoritative records without a central authority guaranteeing accuracy and security.
Most of the Electronic health records that are commonly used today are usually centralized. Some analysts state that blockchain technology would bring several benefits to patients and doctors as compared to other records.
In the world of healthcare, Blockchain could help in validating data ranging from an individual’s personal health record to financial payments. Multiple checkpoints during data validation can ensure security and enhance privacy. Blockchain technology has the potential to bring about positive changes in the healthcare field.
Personalization has become the key factor in enhancing loyalty and retaining patients. Bots plays an important role in personalizing the patient’s care. With chatbots, patients can have convenient access to health support from care providers during and even after stipulated working hours. Be it text messages, phone, emails or chatbots, advanced techniques like sentiment analysis and image recognition can provide immediate and personalized answers to almost all healthcare queries instantly
New technologies are on the horizon that promises improved patient care and outcomes. These emerging healthcare technologies will automate complex processes, operate more efficiently, and reduce cost to payers, providers, and eventually the consumers as well.