Over the past decade, patients have taken a more active role in educating themselves and directly managing their own health. And with more than 80 percent of consumers now researching their healthcare options, new technologies provide consumers new ways to engage in their own healthy living and in managing certain conditions. In other words, technology is empowering consumers to take control of their health. Uber Health, Lyft, Walmart Health, Amazon Care are just a few organizations entering the healthcare space.
Confidence in patient engagement technology's (PETs) potential remains high as health systems continue to invest in a more digital health care experience - focusing on connecting with, communicating with, and monitoring patients outside the walls of the health system. While it's encouraging to see health systems being proactive by embracing the growing demand by consumers for a more digital health care experience, successful patient/health system adoption is much more than investing in and implementing new technology. Successful adopters of PET have started with buy-in at the senior leadership level, redesigning the organizational strategy to become more consumer/patient-obsessed.
With much of health and health care moving onto digital platforms, there has been remarkable growth in the amount of information generated.AI applications can potentially create $150 billion in annual savings for the US healthcare economy by 2026. These cost savings potential is one reason why healthcare organizations will continue to invest in digital solutions to deliver new sources of value over the foreseeable future; whether its to lower the cost of care, improve labor productivity, enable better patient/customer experiences, or another desired outcome.
This is part one of a two week series of posts from CuriousHumans. The American healthcare system is, to put it mildly, complex. As health systems shift their focus from volume to value, a growing number of physician practices are consolidating and more individual physicians are joining health systems.
As organizations consider implementing new technologies or digital therapeutics within their standard of care, the most undeniable element is that it represents powerful change. The demand for digital clinical workspaces will intensify as the natural productivity and mobility benefits become more integrated into health care delivery strategies.
The cost of the opioid epidemic in the United States has climbed to an estimated $1 trillion since 2001, and costs related to the crisis are increasing at an accelerating rate, according to a study released by Altarum, a not-for-profit health research and consulting institute. The annual cost of the opioid crisis increased from $29.1 billion in 2001 to an estimated $115 billion in 2017.
Recent advancements in consumer directed personal computing technology have led to the generation of biomedically-relevant data streams with potential health applications.