Catch up on the latest life sciences and data analytics headlines, brought to you by SHYFT.
Deloitte: Consumers using more healthcare technology, by Healthcare IT News
A recent survey by the Deloitte Center for Health Solutions shows that consumers’ use of online resources and technology for healthcare has increased in 2014. The report indicates that healthcare is becoming more digitalized and consumer-oriented, with healthcare organizations increasingly acting like retail companies. Some of the key findings of the report are:
- In 2014, 22% of respondents used technology to access, store and transmit health records, up from 13% in 2013.
- In 2014, 23% have used technology to monitor a health issue, up from 15% in 2013.
- 40% of the technology users have shared their fitness or monitoring information with their doctor; 63% of them said that the use of fitness or monitoring technologies has led to a significant behavior change.
Internet of Things, Precision Medicine, NLP Drive Market Growth, by HealthITAnalytics
Jennifer Bresnick discusses the predictions for healthcare analytics growth in recent reports released by MarketsandMarkets and Research and Markets. In the US, the IT software and big data analytics market will be worth $104 billion by 2020. Globally, the market will reach $32.4 billion by 2022, where North America is expected to show the highest growth. Top areas of investment of leading healthcare organizations will be financial analytics, clinical analytics, operational analytics, and predictive analytics. IT tools for data integration and analysis will proliferate to support the upgrade of the digital healthcare infrastructure and enable the adoption of Internet of Things, precision medicine, population health management, and accountable care.
The National Comprehensive Cancer Network (NCCN), a coalition of cancer hospitals, which for the past 20 years has been providing patients with information on the effectiveness and side effects of treatments, will now bring cost into the equation. The organization will assign rankings to cancer medicines based on the cost of the drug, cost of its monitoring and treatment of side effects, as well as administration fees of providers. The intent is to enable conversations between patients and providers around different cost options so that they can make informed decisions.
A recent report by CSC based on their 2014-2015 Global CIO Survey reveals how CIOs’ view the role of big data in their organizations. Survey results show that North American CIOs expect to increase their investment in analytics and big data in the following year. 90% of the healthcare representatives believe that big data has a positive impact on productivity and efficiency. The majority of the respondents rank big data and analytics higher than other technologies. 69% of the IT executives report that big data is a high or critical priority for their organization. Executives believe that big data positively effects their organization’s innovation capabilities – this number is the highest among healthcare representatives (79%).