The healthcare crisis presents challenges for all and sundry. This is mainly attributable to the fact that over 11 billion dollars are annually squandered because of lack of efficient communication tech. This massive figure also signifies how badly this industry requires change in its system. In the day and age we live in, it is only possible to accomplish this by truly digitizing healthcare. Digital disruption could be the first step to make this happen.
Speaking of the funds spent on digital health over the years, $200 million was spent in 2007. This figure reached $1.98 billion in 2013 and crossed $2.38 billion in 2014. Among the three largest digital disruptions, Digital Medical Devices have been incorporated to treat diseases. The net figure has reached $206 million. Healthcare Consumer Engagement Resources are second in line with $193 million worth of tools that provide consumers the right to secure health services. Finally, Personalized Medicine Tools have cost $150 to design medical treatment tailored to each patient’s DNA structure.
The Affordable Care Act has also suggested some digital disruptions. One of them calls for making it a requirement for uninsured Americans to secure insurance cover and enter the primary care system. This will allow for fresh healthcare delivery opportunities and take the burden off traditional health officers. Thus, it will make healthcare accessible and affordable for everyone.
Another digital disruption is to ask employers having atleast 50 staff members to provide health insurance coverage. This move will pave way for more organizations to provide varied health services with different methods of coverage. The competition would keep the costs in control as well. Another would be to have wellness programs incorporated in health plans for preventive self-care. This will introduce all disruptive companies and their products on offer for personal healthcare.
Finally, healthcare representatives can be held accountable for quality and cost if Accountable Care Organizations are set up. This will allow for a proactive approach rather than reactive with providers on their heels to keep patients in good health opposed to approaching them when they are sick. Below is an infographic courtesy George Washington University’s Online Healthcare MBA Program.
Archimedes IndiGO and Hotspotting are two examples of digital disruptions from the real world. The former believes in innovating such that health providers and patients can access health records at a point of care. This has produced results such as 13 percent decrease in 5-year heart diseases and an increase in filling rate of statin prescriptions by 6 times.
Conversely, Hotspotting uses data to create solutions for enhancing health upon highlighting health trends. This is particularly helpful in treating high cost patients. The data reveals that top 1 percent of high cost patients absorb 28 percent of the total costs spent on healthcare where top 5 percent absorb over 50 percent of these costs.