By the end of every year, when most of the organizations compile year-end reports and try to encapsulate the overall performance, gains, and setbacks. It is also time to look forward and anticipate what is coming and preparing organizations to get ready for the new requirements. Healthcare has remained a focus of entrepreneurs, policymakers, technologists and visionaries and most of them have observed a rapid transformation in the past decade. Where these reforms are shaping the future of healthcare it has also created opportunities for investors, implementers and care providers to be part of something new by contributing their part.
As we have long seen the policy changes and bringing in innovative concepts and technologies to transform health care, by the end of this decade it is time to check what we have gained out of this transformation. As the healthcare industries moved this year towards the integration of disoriented healthcare segments, now is the time to combine all the stakeholders: the physicians, providers, pharmaceuticals, insurance companies, and patients.
The year 2020 would not be a routine sequel to what has been done before, rather it’s time to check what is performing well and what went wrong and shed off that burden to move on with a clear vision. Change is always driven by needs and the healthcare industry needs now a uniform system that can ensure their growth and sustainability. Health care providers now are moving to resource planning and management tools, telehealth, the security of data, process automation and convenience for patients.
Patients have become the center of everything and the trend would pass on to the year 2020 as well. Although, a lot of work, discussions, and changes have been designed and implemented this year the coming year would see a more patient-centered approach. Patients are requiring a more personalized experience, better diagnosis, and medications. Technologies and practice management tools that can improve the patient experience would be in high demand.
As the healthcare industry is shifting to a more consumer-driven approach, the trend would disrupt many practices in the coming year. Patients and consumers of healthcare products would come to steer the innovation. Healthcare consumers would start behaving like shoppers, with the ability to choose their preferred provider, rating them on social media, customizing their health plans and deciding the point of care. This trend would prevail in 2020 and would disrupt the existing care delivery system.
Blockchain and Security of Health Data
There is more than ever a need to provide a viable solution to the dilemma of data breaches. Hospitals and big healthcare providers have been seriously affected by data breaches and the looming penalties they have to face. To counter this, new technologies, such as blockchain, would come to play its role.
Telehealth Would Gain Grounds
Telehealth is going to massively disrupt the existing care delivery structure. As soon the benefits would start pouring in either incentivized by the regulators or driven by the market needs, telehealth would gain further grounds and disrupt the existing care delivery process.
Internet of Things (IoT)
Technology has already paved their way into disrupting the conventional care delivery process. Internet of Things (IoT) would disrupt the way clinicians used to interact with patients. Health tech and wearables would take greater space in the care delivery process. Patients would like to send their health information through remote devices, such as vitals, blood pressure, sugar level and the information about the calories burned.
3D Imaging & Printing
According to a report, the global medical imaging is projected to grow at an unparalleled rate of 30.95%. “AI applications in the medical imaging market are projected to cross $400 million in 2020”. Similar are the projections for 3D printing for prosthetics, surgical tools, and tissue engineering. 3D printing would disrupt healthcare due to its cost-effectiveness and quicker availability.
Machine Learning (ML)
Machine learning is adding more to artificial intelligence where systems become intelligent enough to take futuristic decisions or decisions based on the data, structures, experiences, and observations provided. The healthcare sector is a bit conscious of machine learning as a bad decision can be hazardous to providers and patients.
The digitization of health records at a mass level has provided enough data to intelligent systems to take machine-based decisions and we have seen its implementation in different practice management tools. Machine learning would disrupt physicians’’ office, nursing and medical imaging. It would play a critical role in diagnosis and to some extent in suggesting treatments as well.
The healthcare industry is going to be disrupted by various innovative technologies and global healthcare tends in 2020. This disruption is mainly driven by new technologies; however, healthcare consumers would also play their role to drive the market.