We are living in a time of great transformation within the healthcare industry. Technological innovation is advancing healthcare providers ability to help patients across the board. And there is so much innovation taking place in healthcare, one might not even realize the amount of advancements we are currently witnessing.
Healthcare in the digital age is expanding at such an incredible rate that 81% of healthcare executives are looking to utilize some sort of technology in their business plan in the next 1-3 years. And it looks like improving the healthcare patient experience and building patient trust stands at the forefront of these providers intentions. With the healthcare profession set to become the largest and fastest-growing sector in the U.S. economy, a plethora of carrier opportunities are available in healthcare, the future technology trends of the healthcare industry promise exceptional growth.
Internet of Things smart technology and the advancements with 5g in recent years have paved the way for better monitoring of patients and diagnosing patients. This new technology is showing to be of the utmost importance in the healthcare sector. The potential for the technology IoT (Internet of Things) to transform healthcare greatly by being able to provide healthcare services remotely.
During the COVID 19 pandemic, the role of IoT was used for early detection of COVID and for remote monitoring purposes. The technology is being developed for better smart sensors, smart insulin pens, connected inhalers, asthma monitors and other medical device integration requiring remote monitoring.
Improving the healthcare experience through the collection of big data is not new. Healthcare companies have been doing this for almost 20 years. By leveraging big data, healthcare companies has can better manage healthcare analytics reducing costs of treatment. Sources of data retrieval for healthcare includes electronic health records (EHRs), payor records, medical imaging, genomic sequencing, pharmaceutical research, wearables, and medical devices with new sources for data retrieval being created each year. Big Data has lots of other great benefits like also predicting outbreaks of epidemics, being able to detect and avoid preventable diseases, and improve the overall quality of life in general.
With the invention of blockchain technology, healthcare providers can keep all this big data they collect safe and secure along with other private medical data. Healthcare security is just one example of how the healthcare industry is utilizing blockchain technology.
Miscommunication within the healthcare industry can lead to serious problems for patients and the healthcare providers. Blockchain technology helps avoid miscommunication due to the decentralized foundation of blockchain technology. Blockchain technology also can help with communication within the medical supply chain including points of origin from certain ingredients.