Guest post by Steve Elder, director of communications, STANLEY Healthcare.
Steve Elder
The healthcare industry is in a period of great uncertainty, with major questions looming around how regulations, standards and reimbursements – particularly regarding care quality and interoperability– will be changing for hospitals in the coming year. One thing is clear though: In order to provide the efficient and high-quality care needed to meet patient expectations, hospitals need to focus on the intelligent application of new technologies. Here are four trends that will influence healthcare IT in 2018:
The opioid epidemic will trigger growth in investments around patient and staff safety
The growing opioid epidemic now causes nearly 100 deaths each day, and is projected to cause 500,000 deaths over the next decade, primarily due to overdoses. That is not only putting pressure on hospitals to reevaluate how they use opioid medications and monitor patients once back in the community, but it is also forcing them to address the physical safety of staff and patients. This is because the opioid epidemic has led to an increase in violent crimes in healthcare facilities. Emergency departments in particular are under heavy strain, with more patients presenting with addiction symptoms, compounding wait times and leading to more patient disputes. Hospitals will have to invest significantly more in technologies to protect staff and patients, such as patient monitoring solutions and staff duress systems to prevent potentially dangerous patients from harming themselves or others.
Big data advancements will pave the way for the rise of predictive and prescriptive analytics
Regardless of how the major causes of uncertainty affecting the healthcare industry – such as the future of the Affordable Care Act – resolve themselves, it is certain that there will be no return to the pre-ACA era. As healthcare industry writer and consultant Edgar Wilson has pointed out in the context of primary care, the expansion of insurance coverage did not magically create more capacity. It challenged hospitals to find new ways to serve more patients, more personally, without adding cost. Hospitals will continue to look for practical ways to improve their efficiency by leveraging data to better predict patient care requirements, and demand for medications and equipment needs. The benefits of these predictive analytics capabilities are enormous.
According to a February 2017 report by the Society of Actuaries, 93 percent of healthcare providers said predictive analytics is important to the future of their business, and 57 percent believe predictive analytics will save their organization 15 percent or more over the next five years. In addition to predictive analytics, prescriptive analytics will have a growing impact. Ongoing advancements in the collection, aggregation and analysis of data will provide hospitals with greater operational insights, enabling them to optimize staffing levels and other aspects of operations while enabling staff members to deliver more effective, targeted care.
Staffing shortages combined with rising care expectations will drive adoption of AI and automationContinue Reading
With 2017 in the rear-view mirror, it is time to look forward to 2018 and how healthcare will evolve in this year. The last year has been an eventful one for healthcare, from the uproar in healthcare regulations to potential mega-mergers. Needless to say, it’s a time of transition, and healthcare is in a very fluid state- evolving and expanding. There are certainly going to be new ways to keep healthcare providers and health IT pros stay engaged and excited, and here are our top 10 picks:
The future of the GOP Healthcare bill
The Republican healthcare reform bill gained immense traction this year. In their third attempt at putting a healthcare bill forward, the senators and the White House officials have been working round the clock to gather up votes, but somehow, the reservations persist. The lawmakers have insisted that Americans would not lose their vital insurance protections under their bill, including the guarantee that the plan would protect those with preexisting conditions. However, as it so happens, even these plans have been put to rest. Perhaps sometime in 2018, the GOP may pass a budget setting up reconciliation for tax reform, and then pass tax reform. Then, they would pass a budget setting up reconciliation for Obamacare repeal, and then pass that- it all remains to be seen.
The ongoing shift to value from volume
Despite speculations, healthcare providers, as well as CMS have pushed for more value-based care and payments tied to quality, but it’s been going slow. Although providers have been slightly resistant to take on risk, they do recognize the potential to contain costs and improve quality of care over value-based contracts. And perhaps as data assumes a central role in healthcare, the increasing availability of data and smarter integration of disconnected data systems will make the transition easier and scalable. Notably, with a $3.3 trillion healthcare expenditure this year, there has been slow down the cost growth. 2018 is expected to be much more impactful as it builds on the strong foundation.
Big data and analytics translating data into real health outcomes
Big data and analytics have always brought significant advancements in making healthcare technology-driven. With the help of big data and smart analytics, we are at a point in healthcare we can make a near-certain prediction about possible complications a patient can face, their possible readmission, and the outcomes of a care plan devised for them. Not only it could translate to better health outcomes for the patients, it could also make a difference in improving reimbursements and regulatory compliance.
Blockchain-based systems
Blockchain could arguably be one of the most disruptive technologies in healthcare. It is already being considered as a solution to healthcare’s longstanding challenge of interoperability and data exchange. Bringing blockchain-based systems will definitely require some changes from the ground up, but 2018 will have a glimpse of by innovation centered around blockchain and how it can enhance healthcare data exchange and ensure security.
AI and IoT taking on a central role
2018 can witness a good amount of investment from healthcare leaders in the fields of Artificial Intelligence and Internet of Things. There is going to be a considerable advancement in technology, making the use of technology crucial in healthcare and assist an already unbalanced workforce. AI and IoT will not only prove instrumental in enhancing accuracy in clinical insights, and security, but could also be fruitful in reducing manual redundancy and ensuring fewer errors as we transition to a world of quality in care.
Digital health interventions and virtual care to improve access and treatment
In December 2016, many were suggesting that wearables were dead. Today, wearables are becoming one of the most sought-after innovation when it comes to digital health. And, the market is quickly diversifying as clinical wearables gain importance and as several renowned organizations integrate with each other. Not only wearables- there are several apps and biosensors that can assist providers with remotely tracking patient health, engage patients, interact with them, and streamline care operations. As technology becomes central to healthcare, 2018 will be the year when these apps and wearables boost the patient-physician interaction.
