The 10 Most Innovative Digital Healthcare Solution Providers 2018

From the
Editor
Convergence of
Life Sciences and
Technology can
Revolutionize the
Healthcare Vertical
igital healthcare is the buzz word these days. Technologies
Dlike Artificial Intelligence, Machine Learning, Big Data
Analytics, and more have the potential to revolutionize the
medical sector. These innovative digital technologies can play a
pivotal role in curbing long term healthcare costs, and enabling
better health outcomes. Digital healthcare can empower both the
patient and healthcare provider with real-time data and assist in far
better healthcare outcomes. Mobile phones, smartphone sensors,
wearable gadgets, cloud storage, and big data can assist healthcare
providers and patients in the early detection of various chronic
diseases. With the efficient and precise use of these technologies,
behavioral changes could be detected in early stages which prevent,
eliminate or reduce the overall healthcare cost.
Patients will also get empowered with the usage of these
technologies. Patients will be able to compare the service, quality
and affordability of different healthcare providers and thus assist in
making an informed decision based on value, which will ultimately
improve productivity. Telemedicine and remote monitoring are the
other facets of digital healthcare which can improve patient’s
health without even directly coming to the hospital premises and
ensures the most efficient level of care through long distance.
These benefits are driving the digital healthcare innovations
towards the positive trajectory. In 2016, the global digital health
market was valued at $179.6 billion and is expected to touch
$536.6 billion by the end of 2025. The projected CAGR of 13.4%
from 2017 to 2025 itself indicate the growing interest of technology
adoption in healthcare. But there are certain areas that need an
overhaul. The digital environment comes with an array of
implications, and evolving will require a bit of a balancing act. For
example, products will need to be “patient differentiated” while
delivering both value and best-in-class quality, and solutions.
Digital healthcare solutions will need to cover a broader part of the
patient pathway supporting the full range of care. Apps and devices
must be secure yet provide seamless interoperability, and the value
proposition must be transparent while driving improvements across
the value chain. Better usage of big data analytics and machine
learning algorithms to draw much more effective insights without
any error is the other area which must be looked into on priority
basis.
Working on these vital aspects will truly transform healthcare
vertical and will provide the optimum level of benefits to all the
stakeholders.
Ashwini Deshmukh