IT Focus Area: digital
May 2, 2019
The Digital Healthcare Takeover: A Look Back at HIMSS 2019
From enterprise data warehousing to digital health services, the 2019 Healthcare Information and Management Systems Society (HIMSS) Global Conference made one thing very clear: the digital takeover is here.
IT experts and digital transformation evangelists have long predicted the new digital reality of healthcare. In 2016, Transparency Market reported that global digital health market numbers reached $179.6 billion. Growth in this market was anticipated to rise at a CAGR of 13.4 percent between 2017 and 2025, reaching $536.6 billion by the end of 2025.
Today, digital healthcare solutions are forecasted to progress at a CAGR of 21.9 percent between 2018-2023, according to Prescient & Strategic Intelligence. Patient care is evolving as IT leaders look for new and more innovative ways to empower patients and employees, provide better care, improve operational efficiencies, and make smarter healthcare decisions.
At HIMSS 2019, three topics reigned supreme: analytics, interoperability and cloud adoption
Analytics and the Data Dilemma
These days it’s all about turning data into actionable insight and the race is on between healthcare providers to deliver the critical information decision makers need.
The current healthcare data dilemma involves a host of complications like IT backlogs, rigid data architectures, latency, and technological complexities. These challenges limit healthcare organizations from optimizing the value of their investments in electronic health records. This is why healthcare providers have opted for an alternative approach—self-service analytics.
Gartner predicted that in 2019 the analytics output of business users with self-service capabilities will surpass that of professional data scientists. Self-service analytics offers an environment in which healthcare administrators can create and access specific data, queries and reports on demand without IT intervention. Even better, you do not need a background in statistical analysis or data mining. This is a game changer when it comes to advancing diagnostic accuracy, patient outcomes, precision medicine, and supporting value-based care.
3 Keys to Data Analytics Success
It is crucial for healthcare analytics platforms to support these three things in order to have a successful data analytics strategy:
- Ingesting data across multiple sources, both structured and unstructured in real-time.
- Storing, preparing and provisioning large volumes of disparate data to service analytical requirements.
- Managing the quality, integrity and availability of data through robust governance.
Achieving Healthcare Interoperability
The future of healthcare is digital medicine, and this continued trend toward digitization drives the need for regulation around data interoperability. It also demands collaboration from healthcare providers and connected health systems.
Information blocking is a major issue in the healthcare industry. The US Department of Health and Human Services (HHS) and the Centers for Medicare and Medicaid Services (CMS) have been working on a number of initiatives focused on facilitating interoperability and greater patient engagement since an announcement last year at HIMSS 2018. CMS recently announced that by 2020, health insurers will be required to share their information in an accessible format, enabling 125 million patients to have access to their health claims information electronically.
Healthcare providers also stand to be publicly reported if they practice information blocking. Additionally, the Office of the National Coordinator for Health Information Technology (ONC) proposed a rule to challenge the healthcare industry to adopt standardized application programming interfaces (APIs). With this rule, users would be able to access data securely, and on mobile devices.
Cloud Adoption in Healthcare
According to MarketWatch, cloud computing in healthcare is estimated to grow at a CAGR of 10.1 percent by 2022. With the widespread use of emerging technologies like artificial intelligence, machine learning and IoT, healthcare organizations are focused on harnessing the benefits of the cloud. Even further, remote monitoring, telehealth, and digital health services have upped the ante on cloud adoption.
Because legacy infrastructures and applications aren’t built for cloud, there’s a rise in interest in the “as-a-service” model. Cloud technology experts predict a major healthcare shift toward multi-cloud strategies around different public cloud services for the same application. The healthcare industry is being transformed by data regulations, data sharing, and data availability, and is looking to cloud computing platforms that have increased abilities to store, secure, process and analyze critical data.
Power to the Patients
The future of healthcare IT is undoubtedly patient-driven care.
There’s a much-needed shift toward making healthcare services faster, more convenient, and—most importantly—accurate for patients. And, patients have greater access to information and resources than ever before.
The digitization of healthcare is empowering patients to be a larger part of the decision-making process. An overwhelming number of educational sessions and exhibitors at HIMSS this year sought to eliminate data silos with providers, offer remote therapy and telehealth services, and improve symptom assessment and care navigation—all in the name of enhancing the patient experience.
What role will you play in the future of healthcare?