A New Era In Healthcare
The world of healthcare technology-based innovation is exploding. Healthcare expenditures represent approximately 18% of the United States’ Gross Domestic Product, and healthcare inflation has outpaced overall inflation for decades. These two facts have resulted in increasing pressures to control both the absolute cost and the growth curve of healthcare expenditures. Coupled with this is the relentless demand to improve the quality of care and clinical outcomes. Technology is widely recognized as a key tool for addressing all these issues.
Outside of healthcare, the Internet boom of the late 1990s and now the app-based culture of the 2010s have brought significant disruption to major segments of the American economy: travel, financial services, retail, communications, and others. This revolution has been fueled by a number of trends including:
- The remarkable build-out of the wireless infrastructure, pushing high-speed wireless capability to virtually the entire country
- The explosive adoption of smart phones and tablets, propelled by Apple’s introduction of the iPhone in 2007 and the iPad in 2010, providing an affordable communications platform to millions of consumers
- A dramatic shift to Software as a Service (SaaS) technology, thus revolutionizing the application management process
- Increased utilization of the cloud, resulting in simplified data storage and retrieval
- Growth in open architecture software, which has facilitated interoperability among software programs
- A shifting mindset in the general business climate and general population toward empowerment of the technology end-user, thus increasing demand for greater interoperability, ease of use, and process streamlining
Now it’s healthcare’s turn. All the signs are there: the need to maximize quality of care, the mandate to reign in costs, and unprecedented technology capabilities that didn’t exist even ten years ago. Stay tuned!