The health industry is a huge and old one that acknowledges the significance of innovation, like streamlined processes on digital platforms. As we learn about neuropathy and how to deal with it, the medical industry is incessantly advancing the space with technology. What is the future of neuropathy and technology? The following are some of the health trends to watch as they can be big in 2018:
Data and Analytics
Medical firms are now using much data which can let them learn more about their neuropathy patients or model the risk factors pertinent to a given procedure. For instance, data can give medical practitioners an idea of a patient’s estimated recovery time or how someone will likely be readmitted to the hospital. Looking at data from the past can make medical personnel anticipate the future, such as being able to identify what may happen next. A patient may be identified as being high risk for a procedure based on the history of neuropathy, a conclusion reached after looking at information about patients with similar cases.
For example, the web cloud-based mobile platform Pulse does patient follow up after the latter had gone through a surgical procedure to make sure he or she is recovering well. If the app asks a patient after a hip surgery if his wound is dry and he answers “no,” he will then be automatically re-stratified to be a high risk of hip infection even if he was low risk prior to the surgery.
People with neuropathy are among those who have benefited from modern technology, such as applying digital interventions to seek track everything from a patient’s sleep pattern to his treatment. The intervention is geared towards improving patient outcomes and fix acute or chronic problems. Digital interventions are supported by insurance companies as treatments can have higher success rates and reduce patient readmissions. Kaiser Permanente and Humana significantly invest in these.
New Model Insurance Firms
The new-model insurers have captured a bit of capital funding such as Clover Health and Oscar who raised $425 million and $725 million, respectively. Startups that are insurance-focused raised over $700 million. Even traditional insurers opened the possibility that tech-insurance startups will use more technology and control costs. The new-model insurers claim to be driven by data and tech to come up with decisions and enhance the patient experience.
Healthcare providers are constantly faced with massive documentation which results to squeezed margins. More patient documentation is an added cost depending on the way they manage it. They do more but receive less money per procedure per patient.
For instance, a doctor who sees patients also gets their history while in front of the computer and document the information he collects. This is a necessary procedure for efficiency – something that needs to be done while he seeks to maximize doctor-patient relationship. As the doctor tries to learn about his neuropathy patient, documentation can be a disruption and hinder doctor-patient encounter.
There is a need for a solution for documentation overload to streamline practices so that physicians can give full attention to their patients. One of the ways the documentation overload problem is currently managed through a scribe, a contracted employee who documents doctor and patient interaction. However, having a scribe can be expensive and many medical providers cannot support it.