Business

3 Symptoms of Low Healthtech Adoption to Check ASAP

Summary

The future of healthcare heavily depends on the use and implementation of innovative technology. Healthtech has played a crucial role in creating next-level patient experiences and improving almost every healthcare process. It has transformed surgery, administration, drug development, diagnostics, medical research, and several other healthcare domains.

Today’s healthcare companies can’t afford to turn a blind eye to technology investment if they are to genuinely care for their patients and make a difference in the industry. In this blog post, you will learn about three vital signs that indicate your healthcare organization is in dire need of increased technology adoption.

Introduction

Technology has become indispensable to the cost-effective, efficient, and timely delivery of healthcare services. This is especially true in the current COVID-19 pandemic scenario which demands swift improvement in healthcare infrastructure and where the adoption of virtual healthcare is on the rise. Personalized healthcare is also one of the key drivers of technology adoption in healthcare.

Having said that, some healthcare firms are slow to adopt new technology, which lands them in tough situations leading to serious consequences like reduced quality of care, vulnerability to “hacktivism” attacks, etc. Low technology adoption is no less than a disease that weakens the foundation of a healthcare organization.

Increasing technology investment is an ideal approach to setting your healthcare company up for a lasting success. Here are three critical signs your healthcare organization is suffering from low technology adoption.

1. Low performance of healthcare professionals

The last thing you want as a healthcare provider is the reducing quality of your services or your staff not being able to perform as expected. Surgical errors, incompetence, lack of training, and lack of communication could significantly lower your healthcare quality or cause your professionals to underperform.

Thanks to healthcare technology, you can save your organization the trouble and empower it to improve in terms of performance and quality. Take virtual reality (VR) for instance. As per a recent study, compared to traditionally-trained surgeons, their VR-trained counterparts showed a whopping 230% improvement in overall surgical performance.

The founder of a mixed reality training platform and a trauma and orthopedic surgeon by training also revealed some interesting statistics. He said VR can help medics improve learning retention by 75% and reduce skill fade by 52% when compared to traditional training techniques.

2. Poor healthcare data privacy and protection

Publicly-disclosed data breach is one of the most embarrassing situations healthcare providers face today. Successful cybersecurity attacks are a sad reality of the healthcare industry. In 2021, the US Department of Health and Human Services received reports of healthcare data breaches from over 550 organizations, impacting more than 40 million individuals. What’s worse? The average cost of a data breach per stolen record is $355.

If your healthcare company still uses legacy technologies or is hesitant to modernize its system, you will not only encounter data safety challenges, but also:

  • More expensive costs and revenue loss
  • Lack of regulatory compliance
  • Poor protection of patient confidentiality
  • Higher maintenance and support costs
  • Substandard patient experience

Considering that healthcare companies collect, store, maintain, use, and transmit enormous amounts of data, it is important they adopt technologies like:

  • System monitoring and auditing
  • Multi-factor authentication and access control
  • Data masking and encryption
  • Ransomware protection
  • Anti-spyware, anti-malware, and anti-virus

3. Widening gap between physicians and patients

Limited physician access could be a result of a worrisome doctor-population ratio and the lack of recommended healthcare facilities, especially in remote areas. While this creates a gap between physicians and patients, other major concerns to draw attention to are long wait times, fear and embarrassment of certain diseases.

With healthcare technologies like remote patient monitoring (RPM) and telehealth, wearable sensors, and artificial intelligence (AI)-based communication, you can effectively bridge the physician-patient gap. For example, RPM works great to conduct decentralized clinical trials, post-surgical monitoring, chronic disease management, and vital signs monitoring.

RPM is projected to become a $117 billion market by 2025, and COVID-19 has really spurred the demand for RPM solutions. An Australian study showed that remote sensors are used for real-time, proactive detection of potential COVID-19 symptoms in essential workers, before other symptoms appear. The sensors also alert management about body temperature increases in the workers.

Wrapping Up

Technology is a catalyst for the healthcare revolution. Disruptive technologies like the internet of things, AI, blockchain, machine learning, and telemedicine have become crucial to the advancement of the healthcare industry. Without sophisticated technology, the success of your healthcare organization will spiral downwards very quickly.

By keeping a close eye on the three signs discussed here, you can protect your healthcare company from unforeseen failures and take early steps to adopt necessary technologies. Is your healthcare firm experiencing any other challenges due to the lack of technology adoption? Are there any barriers to healthcare technology adoption? Let me know by dropping a comment below.