Way to go 2019

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Way to go 2019

Tuesday, 08 January 2019 | Amit Sharma

The healthcare sector will see many changes that will lead to better services, says AMIT SHARMA

Here’s looking at the changes that are expected to take place in the healthcare industry this year.

Increased in quantified self: More people will be opting for the preventive care and a mechanism like health apps and wearables and monitor the risk associated with their profile. Implement on lifestyle changes and devote time and money to stay healthy.

Providing services in place of stand-alone products to meet competitive advantage: Service model from IT companies will gain prominence instead of selling of a stand-alone proprietary software or application in healthcare and insurance industries. Buyers will be more inclined to get the product customised rather making huge payment against the license fee of any other proprietary application owned by providing company. This way they will not only own the proprietary rights but own the software/application having minimal dependency on provider.

AI to become mainstream for tele-medicines & primary care: There will be rise in demand of tele-medicines and Artificial Intelligence (AI) will play a vital role and emerge as a mainstream to support the increasing demand.

Cloud base solution will be on high demand: The healthcare industry is getting competitive with the increase in the number of high-quality providers and completion, however, data security remains the main focus. Also, an increase in the complexity of information and data and generation of huge data will require bigger space, thus cloud will emerge as a core platform for all the healthcare players.

Increased data collection: With the increase in usage of wearable devices and health applications will result into increase in data collections which will help in understanding the future need and design appropriate strategies and product.

Insurance policy with wellness and incentive-based programme: Dynamics in health insurance industries are changing and new plans being launched with wellness services. Insurance companies and corporates will start rewarding its members for their wellness and fitness initiatives. Insurance companies can offer subsidised premium or any other monitory benefits to its member and corporates may include fitness as one of the performance scoring criteria.

Technologies: Adaptations of technologies in both clinical outcome and service delivery process. AI, machine learning, and big data will play major role in coming years.

Data security and privacy: With strict Government guidelines and accreditation requirement, healthcare player will be focusing having a robust system to ensure security and maintain the confidentiality of the patient and members.

Digital healthcare: More and more providers including hospitals and insurance companies will move to digitisation eliminating the paperwork. It is expected that the around 30% of the process will be digitised in 2019  and by 2025 it will be complete digitilisation.

Ayurveda & alternate medicines: The year will witness the increase in demand of Ayurveda and alternate medicines, more people are opting alternate medicines and shifting from the modern clinical intervention to ancient medicines. As per the study, Ayush industry is estimated to be $10 billion and expected to grow to $25 billion by 2020

Ayushman Bharat Scheme: All eyes will be on the newly introduced Ayushman Bharat Scheme. There has been the huge talk of this scheme in 2018 but the real-execution and implementation will be in 2019.

The writer is CEO, eExpedise, NABH & ISO 2000 Certified, globally-renowned IT and healthcare company

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