Recently, there's been an argument about whether digital health (as an industry) is dead, or alive. In some cases, investors have failed to realize rapid returns and companies are struggling to gain traction. Others argue that it's too early to declare digital health's death, mainly because of the long sales and technology adoption cycles characteristic of the health market.This debate is framed within the context of funding levels and investor returns because of how the strength of the digital
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Health IT & Digital Health-Opinion | Op-Eds | Guest Columns | Analysis, Insights - HIT Consultant
NHIT Week: Reflecting on Health IT’s Transformation of Healthcare
As we celebrate National Health IT Week, it is incredible to realize how health technology tools are transforming every facet of patient care. From telehealth, to 3D printers to artificial intelligence, the explosion of personalized health devices redefines the dynamics of patient treatment and interactions.However, we still fall short in comparison to other industries, particularly in terms of consistent patient information access, and the lack of incentive for industry collaboration to achieve
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How Wearable Technology Can Enhance Long Term Patient Care
Wearable technologies have been widely adopted by consumers to measure and track aspects of health. Bracelets can track steps and calorie burn, clothing can measure heart rate and VO2 levels. While adoption is slower in clinical settings some health care organizations have begun to integrate wearable technologies into patient care to create more opportunities for e-health programs and to create new data availability.Some wearable technologies developed for the healthcare sector are designed to
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The Digitization Of Healthcare Is A One-Way Street
Healthcare is about a lot of things.As a patient, it is about receiving a personalized care, according to his needs. Though the healthcare system strives to put the patient on the center, reality is still far away from this.In fact, Healthcare is nowadays facing a double challenge: improving its services to offer a better care while reducing costs and optimizing resources. As governments struggle to prevent an escalation on health expenditure, it becomes more and more necessary a more efficient
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How Recent Hurricanes Highlights Health IT Improvement & Exposes Gaps
Yes, Katrina was already losing appeal as a girl’s name by 2005, when it had fallen to 247th most popular in the United States. But the so-named hurricane that swamped New Orleans in August of that year pushed it off a ledge. By May of 2007 Katrina had fallen more than 100 spots to number 382, its lowest level since the 1950s.Less trivial is the impact of Katrina on hospitals and healthcare, which has regularly measured itself against the ghost of a seemingly manageable Category 3 storm that
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How Predictive Analytics Brings Operational Clarity to Healthcare
The healthcare industry is grappling with a perfect storm of critical issues, each with the ability to negatively affect the access to and the quality of patient care. These issues include the lingering uncertainty regarding the fate of the Affordable Care Act and how Americans receive and pay for their healthcare. Another is the growing trend of industry consolidation, as it becomes increasingly challenging for small hospitals to compete in today’s environment. However, research shows that
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10 Best Practices for Executing Successful M&A Deals in Healthcare IT
Over the past couple of years, there have been around 200 merger and acquisition (M&A) deals in the healthcare IT space, driven by high enterprise value and the sheer size of the industry. 49 deals came together in the first quarter of this year alone. These numbers make health IT the highest performing industry in terms of M&A activity in the consumer and retail space, and the second highest in the infrastructure/industrial space.Between 2018 and 2019, we will see an insatiable need for
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Why Healthcare Organizations Need to Leverage Enterprise Data Lakes
As the so-called “oil of the twenty-first century,” there is little doubt that data is the crown jewel of the digital economy. The Internet of Things is poised not only to shake up individual industries, but to bring them together like never before with the promise of hyper connected, ultra personalized experiences. And for consumers, one particular application of IoT is perhaps the most intriguing: the impact of connected devices on health and healthcare. Indeed, McKinsey has projected a $11.1
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6 Questions for Providers Moving Their Health IT System to the Cloud
The last time you made a difficult decision, chances are you engaged in some form of a process called the 5 W’s, or maybe the 5W’s and Sometimes How, or 5W+1H … maybe 6 W’s.Right. So, what the process lacks in an agreed-upon name it makes up for with the logical consistency of directed, relevant questions: Who? What? When? Where? Why? How? It’s a process journalists often use consciously in writing articles, and it comes in handy for non-journalists when the goal is breaking down options and
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The ABCs of FHIR: Reinventing Health IT Interoperability
The Fast Healthcare Interoperability Resource, or FHIR (pronounced ‘fire’), is a new term in healthcare that’s witnessing growing interest and spreading almost like fire. FHIR is the latest standard to be developed under HL7 and is expected to contribute significantly to improving patient care, countering the barriers to interoperability, boosting information sharing, and unboxing innovation in healthcare. Stakeholders from all across the healthcare system are excited and enthusiastic about
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