Transforming Healthcare with Technology

Pharma Tech Outlook: Pharma Tech Magazine

Transforming Healthcare with Technology

Pharma Tech Outlook | Friday, June 29, 2018

Waqaas Al-Siddiq, CEO of a remote patient monitoring company, Biotricity, emphasizes that remote patient monitoring is going to provide telemedicine an enormous burst of speed. This comes from prolonged experimentation in healthcare technology using AI and improved chips and connectivity, besides IoT, which allows technological advantages to drive progress by providing easy access to intelligent medicine.

Al-Siddiq says that Biotricity was formed to allow individuals living at home to benefit from the technical and diagnostic equipment in the hospital. Biotricity, which started with the diagnostic cardiology market, now plans to extend its proprietary remote monitoring platform to several connected health applications, including sleep apnea, fetal, and COPD monitoring.

Recent experiments using AI with datasets have explored possibilities of new developments. While AI does not diagnose diseases, it provides feedback to physicians to aid the same. Using AI appropriately in healthcare is complicated because of its regulations, and patients also find the involvement of a human doctor reassuring.

Certain trends have been noticed in healthcare innovation. This includes the absorbing of specialty clinics by larger hospitals to become multi-care organizations with greater freedom to experiment. Such units are driven by efficiency rather than reimbursement, and the innovative care helps in attracting more patients.

Organizations like Sloan-Kettering, Sutter, and the Mayo Clinic are coming up with rule-based workflows using their historical data, creating a triage system that tries to understand and provide better care to the patient. Al-Siddiq envisages expansion into other areas of healthcare with fewer specialists.

Increasing partnerships among specialists, hospitals, and technology providers will expand the usage of AI in diagnosing and treating diseases. Organizations can also build on past developments to move beyond experimentation to practical implication. Cellular chip manufacturers are creating simpler, cheaper modules for devices using IoT, making affordable medical wearables a part of the near future. While previous remote diagnosis efforts relied on visual data, the possibility of recording the use of medical devices aids and improves remote diagnosis.

The Centers for Medicare and Medicaid Services have approved telemedicine billing, so complications involving reimbursements for innovations in healthcare should reduce soon. The tipping point, however, lies in how healthcare organizations look upon past barriers in technological advancements, and their treatment of areas of cross-pollination. As connectivity is not a barrier anymore, remote patient monitoring and telemedicine become viable options.

The delivery of healthcare is set to transform with the use of underlying technologies and cross-pollination, and this year is set to mark its beginning. 

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