Our work with Biobeat's revolutionary cardiovascular-physiological sensors and decision-support systems keeps us connected to emerging technological innovations. As a result, we are often asked to share insights on their implications for the future of healthcare markets and services. I avoid speculation and prefer to focus on emerging technologies that enable new business and care delivery models. In this context, I see sensors, wearables, continuous remote monitoring, advanced analytics, and artificial intelligence reshaping health and healthcare over the next three years.
These changes will not, in my view, disrupt the industry, but they are likely to challenge established providers by creating opportunities for innovative new entrants and expanding patient choices. The following are among the most interesting developments we see emerging:
Increasing shift of some medical services to advanced wellness and fitness programs. Chronic diseases and conditions like diabetes, hypertension, and obesity present ideal opportunities for these organizations to exploit wearables and remote monitoring technologies to expand and innovate their services.
A growing market for tech-centered medical practices that cater to patients who use wearables and other ambulatory, continuous monitoring technologies. This patient group is well-educated, technologically savvy, and economically successful. They represent a market need that traditional medical practices anchored to legacy technologies are struggling to meet.
Sensors and remote patient monitoring technologies are breaking down geographic barriers to global centers of excellence.
Growing markets for medicine without borders and healthcare tourism facilitated by telehealth, electronic health records, wearables, and related continuous monitoring technologies. These technologies reduce traditional geographic boundaries and facilitate access to international clinical centers of excellence. The same forces create incentives for expanding the number of specialized medical facilities offering innovative care solutions on a global basis.
The emergence of international supplemental insurance vehicles as gateways to care on a global basis through accredited international centers of excellence. These vehicles would facilitate remote and on site-access through coverage of services outside of patients’ traditional markets and scope of insurance.
Expansion of international accreditation, certification, and auditing services to support emerging international healthcare centers of excellence and related health insurance markets.
I will discuss these developments in upcoming posts and as new developments emerge. My focus includes providers, doctors, and patients, along with changing market forces. I will also bring news, insights, and information from participation in new healthcare cohorts and events.