Das highlights several developments that are set to transform the healthcare industry.
AI in medical imaging: The industry will see some applications that will go a long way in reducing radiologists’ time.
Value-based care: This will involve looking at outcomes and value to the consumer and the environment, rather than volume. Instead of just selling a product and saying this is the price of the product, the sale of the product is going to be tied to the outcome. Almost 15 per cent of the healthcare expenditure globally is going towards value-based healthcare.
R&D: Asia is becoming a Research and Development (R&D) hub overall for manufacturing. Twenty per cent of R&D is going to come out of Asia rather than the Western countries.
Voice: It is becoming a big area in healthcare. With Alexa becoming Health Insurance Portability and Accountability Act (HIPAA)-compliant, it will be a great tool not only for physicians but also for patients.
Home care: Home is soon going to become the new clinic around the world, and this is an area that the UAE is starting to focus on.
Blockchain: The technology can be useful for clinical trials because it provides visible and transparent information about what trials are running, what results are being achieved, what types of patients are enrolling, and if there is any gender bias. Eventually, in the coming years, blockchain is all set to move to a stage where everyone will own their medical records, instead of a doctor or insurance company owning the information.