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Top Healthcare Technology Innovations of 2018 – Part 1

Healthcare sector is seeing a rapid growth and it’s evolving faster than we imagined. The health systems and insurance companies have decided that they can no longer wait for the slow decline and jumped on the technology bandwagon. They have started using the great technology that is at their disposal and helping their staff spend less time doing manual labour. As mergers and acquisitions are heating up, 2018 is going to be an exciting year for healthcare technology. But what are the top healthcare technologies of 2018? Let’s have a look.

Healthcare-Technology

Payer-Provider Analytics/Data

Blurring the lines between insurance companies and physician practices, several carriers are giving healthcare organizations data, analytics, and tools to help make better decisions. This helps them to gauge on which providers are “more appropriate” based on quantitative data. When patients receive out-of-network care, it undermines patient outcomes and population health management efforts as the ability to coordinate care is dramatically decreased.

Competitor Analysis

Physicians can look up which competitors receive the most referrals in a certain geography based on speciality, city/state, procedures offered and more based on the referral data. This helps them learn which organizations could make the best partners based on referral volume.

Blockchain for Healthcare

Blockchain is effectively an independent, transparent, and permanent database coexisting in multiple locations and shared by a community. The end goal of blockchain application to healthcare will be a decentralized record system using blockchain independent of EMR’s controlling the data.

As we see, these changes are either taking place in the healthcare domain or fast gaining momentum. We are slowly and steadily moving towards an advanced technological healthcare space.

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