Editor's Note: Lucia Huang, RN, is a Marketing Specialist at CipherHealth, where she integrates her previous experiences on the front lines of patient care within the broader context of the business of healthcare. The joint venture just announced between Amazon, Berkshire Hathaway, and JPMorgan Chase & Co. is anticipated to bring profound transformation to the healthcare industry. By joining forces, these three giants hope to leverage their technological, sales, and investment expertise to
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Why AI’s Impact on Healthcare Will Be Far-Reaching Beyond Cost Savings
Editor’s Note: Amit Shukla is the Associate Vice President and Head of Healthcare Consulting at Infosys, a provider of technology, consulting and outsourcing services. According to a recent report, the market for artificial intelligence in healthcare was worth over $600 million in 2014. By 2021, this figure is expected to rise by 11 times to $6.6 billion. Healthcare is widely regarded as one of the premier industries destined for AI-led transformation. The reasoning is simple: AI is widely
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Can NLP Text-Mining Transform Drug Discovery & Development for Biopharma?
Editor's Note: Jane Reed is the Head of Life Science Strategy at Linguamatics, where she is responsible for developing the strategic vision for Linguamatics’ growing product portfolio and business development in the life science market.Healthcare is in the midst of a data explosion, thanks to the widespread adoption of electronic health records (EHRs), the increased sophistication of insurance claims databases, and the growth of social media. These real-world data provide critical insights into
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5 Benefits Of Using Blockchain Technology in Healthcare
Editor’s Note: Abhinav Shashank is the CEO & Co-founder at Innovaccer Inc., a datashop integrating complex data across multiple distributed sources to give healthcare organizations greater insights to provider better care.Blockchain- the technology that took the world by storm by its revolutionary work in data management and exchange, especially in the financial sector. Its immense success across different industries has left the healthcare world rattling with questions too. People are
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Medical Wearables: How Next Generation Devices Will Change Healthcare
Editor's Note: Waqaas Al-Siddiq, Founder and CEO of Biotricity, a developer of professional and personal remote medical monitoring technology engineered to improve people's lives.Medical patient monitoring devices are poised to disrupt the healthcare industry. According to Markets and Markets, the global market for medical wearable devices is projected to reach $12.1 billion by 2021, with the United States representing the largest market worldwide. With the ability to enhance the healthcare
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Why 2018 Will Be A Landmark Year for GE, Siemens, Canon and Philips
Editor’s Note: Signify Research is an independent supplier of market intelligence and consultancy to the global healthcare technology industry whose coverage areas include Healthcare IT, Medical Imaging and management consultants and investors.With the new year dawning, the competitive landscape for global medical technology is mired in uncertainty. Of the “big four” vendors (GE Healthcare, Siemens Healthineers, Philips and Toshiba Medical Systems) three are undergoing radical change, creating
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Understanding The Hidden Costs of MPIs: 3 Things to Know
Editor’s Note: Mark LaRow is Chief Executive Officer of Verato, a cloud-based platform that resolves and matches identities faster, better, and cheaper than conventional conventional master patient index (MPI) and master data management (MDM) technologies.Patient matching is one of the major challenges facing the US healthcare system. It is becoming much more difficult as we enter an era where the amount and diversity of patient data is exploding with patient portals, patient engagement
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Is Patient Experience a Catalyst for Payer-Provider Collaboration?
Editor's Note: Donna Martin is Senior Vice President, Global Health Services, at Hinduja Global Solutions (HGS), a provider of business process management (BPM) services from traditional voice contact center services and transformational DigiCX services that are unifying customer engagement to platform-based, back-office services and digital marketing solutions.The increased financial responsibility on the part of patients and developing options in telehealth and evidence-based care have made
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A 3-Step Roadmap to Win Over Healthcare Consumers in 2018
Editor’s Note: Kyra Hagan, senior vice president and general manager, marketing and communications, at Influence Health, a healthcare marketing-based provider of data-driven, multi-channel, and highly personalized solutions to address today's digital challenges.According to Accenture, “U.S. hospitals that deliver “superior” customer experience achieve net margins that are 50 percent higher, on average, than those hospitals providing “average” customer experience.” However, as of 2017, many
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Why Mobility Is The Secret Sauce of A Truly Effective Urgent Care Practice
Editor's Note: Daniel Kivatinos is the COO and cofounder of drchrono, an integrated EHR platform that connects doctors, patients and health data to improve patient care. Daniel drives direction, brand vision, and business strategy for drchrono. Follow him on Twitter @danielkivatinosFor urgent care clinics, efficient patient care remains the critical goal to provide the best possible care to the largest possible number of patients in the least amount of time. Imagine being able to walk from room
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