The Future of Healthcare Innovation

Molly Hass Health Tech

Healthcare has undergone rapid changes in the last couple of years due to the Covid pandemic. Healthcare innovation and investment has increased on a scale never seen before. These are extremely beneficial factors for the future of human health and medical practice. Better quality and access to healthcare will be available to both advanced and developing nations.


A few areas stand out most rapidly as growing aspects of healthcare innovation:


1- Artificial Intelligence (AI) no doubt is one of these rapidly growing areas in healthcare innovation. AI was used in the Covid pandemic to track cases and plan effective care and distribution of vaccines. Beyond Covid, AI will be used in disease diagnosis, drug development, mental health, language processing, and to analyze and bring useful outcomes from the massive amounts of data collected by the healthcare systems around the world.


2- Telemedicine has also rapidly expanded in the past couple of years. Remote care through video, phone, apps, etc. allowed vastly more people to get care than would have been possible due to strict social distancing and stay at home policies. More people have become comfortable with getting telemedicine care for many of their medical needs not critical to see a practitioner face to face. This trend will increase in video conferencing, cloud hosting, data storage, and improving compliance measures so all patients will feel their interactions and information is secure and protected.


3-  Augmented Reality/Virtual Reality (AR/VR) is also an area with increased interest, research, and investment dollars in recent years. During the pandemic, healthcare workers could get up to speed on new procedures using AR/VR techniques to get quicker certification to serve in the field. This trend will continue to grow in training health workers, giving them more frequent, up-to-date relevant information, and providing better care to patients through AR/VR techniques.


4- Healthcare Security and Privacy are another area of intense focus and investment. Patient data is still largely scattered among various legacy platforms and newer web based data storage mechanisms. Combining the vast amounts of data into a single, secure system which patients can feel is protected but can also easily use to access their data is needed. Patients and their families need the peace of mind that their data is owned solely by them and that they can share it with the medical professionals of their choice.


5- Wearable Devices and IoT have also received significant attention. With smart watches and other devices that patients have now, many of their vital signs, heart rhythms, and other medical information can be gathered on a regular basis. These devices will improve for the convenience of the patients, along with better security of the data collected, and the ability to combine the data with a secure patient medical record system so information can be easily shared with doctors.


These are among the leading areas of healthcare interest and investment currently but there are many others. Areas like drug and vaccine discovery improvement, more efficient delivery of healthcare to those with least access, solving healthcare staffing issues, data interoperability, and smarter billing and claims processing are all additional areas which are drawing interest and investment dollars.


Hopefully these recent trends in improving healthcare discovery, operations, and delivery will result in better outcomes for human diseases, better life expectancies, and overall better quality of life for most human beings on the planet. TiEcon 2022 Healthcare track promises to discuss some of these emerging trends and will include some notable physicians and other leaders in the healthcare space. It should not be missed by anyone keen on tracking the future of healthcare innovation and investment.