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How Will The Future Of Healthcare Industry Look Like?

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Future of Healthcare Industry

“What new technology does is create new opportunities to do a job that customers want done.” –– Tim O’Reilly

With five months remaining for the year 2020 to arrive, Tim O’Reilly’s quote rings true for the healthcare industry. This oldest and traditionally modelled industry has undergone massive transformations. Time and again, challenges such as rising population, increased care costs, emerging diseases, shortage of quality and skilled workforces have surrounded the industry.

But every challenge opens the door to a roomful of opportunities. Here, technological advancements have given a new of wave of opportunities to the solution providers and medical establishments to fulfil customer demands and modernize the healthcare ecosystem. With the advent of Management Information System (MIS) along with the latest technologies such as cloud computing, artificial intelligence (AI), Internet of things (IoT), blockchain, and growth in hardware-enabled technology have offered better options to enhance their tech-led services and business models.

At this moment, we know the challenges engulfing this industry as well as the technologies that are giving them better answers, but what about the future? Have we thought about the future of the healthcare industry; is it going to better, brighter, or dim?

We posed this burdensome question in front of some of the pioneering leaders from the healthcare industry and here’s what they had to say.

  1. Mike Sappington (CEO, TRIARQ Health) 

Future of Healthcare Industry by Mike Sappington CEO at TRIARQ HealthThe future of healthcare is exciting. Technology-enabled practice management tools and value-based care contracts will give providers even-greater influence on healthcare quality and cost. TRIARQ is providing the resources to help them.

  1. Ron Oberleitner (CEO & Chairman, Behavior Imaging) 

Future of Healthcare Industry by Ron Oberleitner CEO & Chairman at Behavior Imaging) The healthcare market is waking up to the benefits of capturing health data as it’s happening and sharing it with knowledgeable doctors remotely to get early diagnosis and/or treatment guidance.

  1. Matt Lepkowski (Founder, Business Automation Experts) 

Future of Healthcare Industry by Matt Lepkowski Founder at Business Automation Experts) As healthcare moves from a fee-for-service model to value based purchasing, the pressure to improve operations will heighten. The sector will continue to develop innovative solutions which will improve the health outcomes.

  1. James A. Tompkins (Chairman & CEO, MonarchFx) 

Future of Healthcare Industry by James A. Tompkins There is no doubt that the New Healthcare is changing the entire value chain of the Healthcare Products sector. For those managing business, you are facing one of most critical periods ever. Tomorrow is Today! Take action today to help ensure a more successful tomorrow!

  1. David Barzillai (Founder & President, Advanced Data Systems Corporation) 

Future of Healthcare Industry by David Barzillai“ADS began in 1977. To say things have evolved galactically over the past 42 years is an understatement. Yet, revolutionary technology never ends. Wearables, audibles, imaging, greatly enhanced artificial intelligence or machine learning. ADS looks forward to being right there with all of them for our clients!”

  1. Dr. Hsing-Hen Chen (Founder & CEO, CereSoft) 

Future of Healthcare Industry by Dr. Hsing-Hen Chen Founder & CEO at CereSoftCelebrating our 25th anniversary in 2019, we have positioned CereSoft on a solid path for the next 25th years and we truly believe “THE BEST IS YET TO COME”.

  1. Dr. Sanjeev Sharma (Co-founder & CEO, Highmark Interactive) 

Future of Healthcare Industry by Dr. Sanjeev Sharma Co-founder & CEO, Highmark Interactive For decades, healthcare was driven top-down to the individual. The script has been flipped, and people are demanding healthcare that they control: mobile, instantaneous, affordable, and flexible with their lifestyle.

Fascinating and insightful views, right? This is how the future of healthcare industry may look like in the coming years. But, what to do until then? The answer is quite simple. Read the business stories of the above pioneering leaders and learn more about how, what, and where their advanced companies are making an impact in Mirror Review’s latest magazine issue, The 10 Most Impactful Healthcare Solution Providers of 2019,’ Vol I.

This is not all. If you are one of those who enjoy a hot cuppa of tech innovations and want to know more about futuristic technologies, watch our new video on 5 Futuristic Technologies You Won’t Believe Truly Exists and subscribe our YouTube channel for latest video updates.