The healthcare industry is often bashed for its slow adoption of digital technologies and general apprehension toward embracing IT solutions for delivering care. But as times are changing, patients’ needs are evolving, and the industry is being compelled to let technology make inroads into its landscape. Especially, with the ongoing pandemic, technology [...]
The world might be fighting against a pandemic caused by a novel virus, but that is not the only health-related issue there is. The healthcare institutions still have their patients with chronic diseases such as cancer, diabetes, and heart conditions. They still need to treat those with depleting organs and life-threatening [...]
We are in the middle of a global humanitarian crisis. Global issues like the COVID-19 pandemic necessitates a strong and collaborative fight worldwide. As the pandemic poses one of the greatest challenges to the humankind, while weakening the healthcare systems, it is becoming increasingly important to address and resolve the issue quickly [...]
With the positive corona virus cases crossing over 1 million globally, we are at a risk of overwhelming our healthcare systems. Hospitals are stretching thin as the demand for critical care capacity surges and the supply falls short against the total projected number of cases. As per Mckinsey, the critical care capacity of the hospitals [...]
In a typical episode of House M.D., a patient comes in with an unusual and puzzling condition, which Dr. House and his team try to figure out. Based on their traditional brainstorming session for identifying the possible causes and demystifying the puzzling condition, they strategize a treatment plan. The plan, [...]
The healthcare industry is going through a disruptive phase. IoT and IoMT have opened new avenues for the sector which is now focusing on developing its remote patient monitoring and care capabilities. The global IoT healthcare market is expected to reach $188 billion by 2024, growing at a CAGR of 27.6%. Combined with Artificial Intelligence, IoMT devices are making healthcare accessible and affordable to all. [...]
Investments in pharmaceuticals sector have always been a risky affair. The high chances of failures and lower chances of good returns make good reasons for this. If we look at the numbers, as per a report, the R&D returns for twelve large-cap biopharma companies have decreased to 1.9% in [...]
“Technology-driven innovation holds the potential to improve our understanding of patients, enable the delivery of more convenient, individualized care—and create $350 billion to $410 billion in annual value by 2025”, predicts McKinsey. In the past one decade, there has been more than 180% rise in health tech and digital health investments and over [...]
The rising cost of patient care have resulted in the emergence of consumerism in healthcare. Today, patients expect a retail-like experience from their healthcare providers in exchange of the dollar bills they are spending. With this rapidly growing consumerism mindset of patients, the care providers must shift their care-delivery strategy [...]
There is a severe shortage of physicans and healthcare practitioners across the globe. In the United States alone, this shortage could reach up to 120,000 physicians by 2030. The patient to doctor ratio is extremely worrisome with only 40 doctors per 100,000 patients in rural areas and 53 physicians [...]
