By Daniel Kivatinos
Healthcare is one of those sectors where often times we don’t see much change, but over the next decade, we will see change accelerate.
This year we’ll witness a positive and disruptive process taking place within healthcare. Some of the changes happening will progress slowly and other changes in healthcare will happen quickly. Here are some of the big changes to come in 2020:
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This is the year of the cloud. We’ve seen over time that the medical community is getting more and more comfortable embracing cloud software. Looking at some recent reports and statistics, you can see the mass adoption of cloud solutions is happening all around us. As I talk to founders of companies, they agree there’s a massive change happening where medical centers and practices are moving to the cloud at a faster rate and with more ease than ever before. Cloud companies like Acronis, Ambra Health, NexHealth, Physitrack and Updox are trending up and creating solutions for healthcare professionals to leverage.
Machine learning and artificial intelligence
Startups in this space such as Diagnoss, Holly by Nimblr, and Ada geared towards digital health are also on the rise. Diagnoss provides an AI medical coding assistant, Nimblr offers a multilingual AI assistant that automates patient communication/scheduling and Ada is a popular medical machine learning company that benefits the entire industry because it helps patients and medical professionals gather insights quickly about a patient. These companies are helping to reduce costs for medical practices and help to lower the staff burden by having to do more work than necessary. Additionally, if you take a closer look at the funding behind this group of the tech sector, you will see large amounts of investment on the venture-capital side.
Many health IT software vendors battle for market share, keeping data siloed and this has slowed innovation in healthcare. Software vendors have been keeping patients and medical facility customers hostage by forcing the customers to stay with their software. Now with the Affordable Care Act (ACA), software vendors are opening their data to common communication languages such as Fast Healthcare Interoperability Resources (FHIR). In my opinion, FHIR is the most widely accepted API standard and will continue to gain traction in 2020. Countless companies are starting to leverage FHIR according to the Argonaut implementation specifications, Apple, being the most notable. There is an incredible opportunity for innovation from APIs, and I see a brighter future where patients, medical professionals and institutions will be able to share medical data at a much faster rate than ever before.