Top Trends Transforming the Future of Healthcare in 2023 and Beyond
Healthcare Triangle
Dec 28, 2022
As the healthcare industry continues to rapidly evolve, it is important to stay ahead of the curve and be prepared for what lies ahead. In 2022, we have already seen significant changes in the healthcare landscape due to the boom created by the pandemic and the advancements in technology. But what will 2023 bring?
Here are some of the top trends that can give us a glimpse into what healthcare might look like in 2023 and years ahead.
- Patients continue to move towards integrated and value-based care delivery models:
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- Staying ahead of the curve with a digital front door (DFD): As healthcare providers continue to expand the adoption of value-based care, the digital front door is becoming a key capability in supporting the shift from episodic to longitudinal care delivery. By 2026, 20% of healthcare providers will have shifted away from patient portals tethered to the EHR in favor of digital front door solutions for their primary method of digital patient engagement.1 The DFD maximizes patient activation and engagement across the patient’s health and wellness journey. Are you ready to deliver value-centered care? HCTI’s Digital Front Door mobile app helps leading hospitals and healthcare providers improve patient engagement.
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- Remote healthcare is the future: According to Gartner, by 2026, 15% of first-contact care delivery will shift from emergency departments to patient homes.2 Smart remote healthcare isn’t only changing the way doctors administer care – it’s giving patients much needed freedom and convenience when seeking out medical advice. The shift towards digital-first engagement such as video visits and customer service chatbots continues to advance engagement in the home.
- Accelerated adoption of artificial intelligence: Artificial intelligence in healthcare is expected to grow to $64.7 billion by 2027.3 This rapid expansion is driven largely by the need for increased efficiency and cost savings in the healthcare sector. AI-powered tools enable healthcare organizations to streamline patient monitoring, and workflow streamlining, reduce medical errors, and improve accuracy in diagnosis and treatment plans especially in the face of the looming healthcare staffing shortages.
- Metaverse and immersive experiences reinvent healthcare: The healthcare industry is on the brink of a massive transformation with the rise of Metaverse technology. Metaverse has been gaining traction in recent years due to its ability to offer immersive experiences that are more engaging than traditional methods. By 2030, Metaverse in healthcare market is projected to surpass around USD 72.10 billion by 2030 growing at a CAGR of 29.89% from 2022 to 20304. With the increasing usage of digital twins, Metaverse in healthcare will boost healthcare companies to augment their digital roadmaps by bringing enhanced personalized care to their patients across the globe.
- Growth in healthcare information exchange (HIE) market: By 2025, the global HIE market size is projected to reach $2.0 billion, at a CAGR of 12.2%5. The growth of the HIE market is primarily driven by the increasing demand for better patient outcomes, reduced costs, improved safety and increased efficiency. Furthermore, the growing adoption of EHRs and the increasing interoperability of health systems are also driving growth in the HIE market. This makes it easier for healthcare providers to securely share patient data, leading to improved patient care and lower costs.
- Scaling data analytics investments: Healthcare organizations continue to identify data and analytics (D&A) initiatives as areas of growing investment, as they have for more than ten years. In 2023, 47% of healthcare providers prioritize their spending on data analytics architecture and tools.6 The D&A software spend, which includes business intelligence solutions, data science platforms, and analytics-focused data lakes, will grow at a five-year compound annual growth rate (CAGR) of 7.5%. As more and more healthcare leaders begin to recognize the potential of real-world data and its ability to provide valuable insights on patient care, medical treatments, drug efficacy, and more, the demand for data analytics will continue to see an uphill trend. Leverage HCTI’s DataEzTM (data analytics AI platform) and Neutral ZoneTM (third-party data collaboration platform) to derive meaningful insights from your data and advance data sharing in healthcare.
Looking Ahead to Healthcare in 2023
As these trends become more widespread, they will have a profound impact on the way healthcare is delivered in 2023 and beyond. It is clear that the healthcare industry is on the verge of a massive transformation and these trends will play a major role in shaping its future.
Healthcare Triangle, with its advanced cloud, data engineering AI, and DFD solutions is well positioned to help healthcare companies navigate the changing landscape of digital trends in 2023 and beyond.
If you would like to learn more about how we can help your healthcare organization, schedule an assessment with our experts today.