With the rapid evolution of new-age technologies, the healthcare industry is to experience new heights in terms of productivity and efficiency.
Further, a report of eHealth shows that implementation of the latest healthcare trends such as artificial intelligence (AI) can impact the growth of around 10% to 15% in terms of productivity of healthcare industry in subsequent 2 years.
As per this report, the application of artificial intelligence is predicted to grow at a compounded annual growth rate (CAGR) of 68.5% by 2022.
Such latest tech updates with industry trends are to shape up the future of healthcare beyond the conventional doctor-patient interaction.
With these industry trends, one is bound to explore the healthcare industry like never before and achieve –
- Real-time engagement is irrespective of the geographical limitation.
- Quick diagnosis.
- Risk analytics.
- Drug discovery and composition verticals.
- Treatment viability.
- Self-care programs.
- High-end security and technology updates.
Implementation of such high-end technology trends requires medical professionals to acquire substantial funds.
In this regard, various professional loan schemes are provided to customers so that they can acquire the needed funds with ease and implement these trends into their use.
The following are the emerging technology trends in the medical industry that professionals should look out for, to accelerate the quality of service and acquire improved productivity.
Latest healthcare industry trends
- Artificial Intelligence
Application of artificial intelligence in healthcare promises to aid in the identification and diagnosis of a disease like tuberculosis, cancer, brain bleeds, Alzheimer’s, etc.
With smart robots and virtual assistants in the limelight, the administrative workflow is optimized.
Several healthcare units implement artificial intelligence in their diagnostic setup and industry application.
In this regard, hospitals and medical units can avail professional loan schemes that can assist them with the required funds needed for the application of the latest robot machines.
- Implementation of blockchain technology
Blockchain technology is a growing list of data or records stored in blocks; these blocks are connected using the concept of cryptography.
Therefore, it offers high security for the stored data, and the absence of a single governing entity makes it a feasible option for its users. Implementation of blockchain in the healthcare industry aims to eliminate limited access to patient data, data inconsistency, and data interoperability.
- Internet of medical things (IoMT)
This technology for the internet of medical things (IoMT) monitors the patient’s health condition through various medical devices that they use actively.
These help healthcare professionals improve the quality of patient’s treatment by reducing risk and improve opportunities.
Further, medical professionals should be well versed with the top medical software available in India and their applications so that they can put them in best use.
- Home healthcare
It is one of the emerging and popular trends in the industry that has changed the perception of healthcare in India.
Medicals professionals increasingly realize the need for home intensive care units (ICUs) and other medical facilities needed for a patient’s recovery. This can eventually help in reduction in the cost of hospital stay charges by up to 60%.
Nevertheless, the quality of medical equipment, round the clock nurses and medical assistants are key factors in this regard.
Moreover, hospitals and medical units implementing such industry trends need to have a source of funding so that they can be applied for best use. Professionals can avail loans for doctors from NBFCs to support their funding and make use of the emerging industry trends.
Further, financial companies like Bajaj Finserv simplify the loan application procedure by providing customers with pre-approved offers.
With such emerging trends having an impact on the healthcare industry, medical professionals are now more equipped to treat patients and diagnose the disorders.
However, they are also at risk because of the mishaps that may accompany the treatment process. Professionals may have to face legal issues and pay a hefty amount as compensation.
Those having a professional indemnity insurance policy at place can keep themselves financially insured against the accompanying threats that may come while practicing.
Such above-listed industry trends are to aid doctor-patient interaction and improve treatment methodologies substantially. The healthcare industry is further encouraged to implement these trends by availing professional loan schemes.