2022 has changed the health care game. Inflation, a looming financial downturn, and exponential technological advances will create a monumental shift. As we round the corner toward 2023, here are four of the biggest trends expected to emerge in patient care.
Artificial Intelligence in Health Care
According to a study by Precedence Research, the market for artificial intelligence (AI) and machine learning tools in health care were estimated at $11.06 million in 2021 and are expected to surpass $20 million by next year. Growth factors include the increased adoption of digital technologies in the sector, the dire need to reduce costs, and the ability to offer enhanced patient care services. AI is being used in many capacities, including drug discovery, analysis of medical imagery, detection and treatment of neurological disorders, processing insurance claims, medical record management, data analysis, and more.
Remote Health Care - Virtual Hospitals, Health Care Communities, and Telehealth
Remote health care proved helpful during the pandemic, but now that it is generally deemed safe to return to health care facilities, patients continue to opt for digital appointments. Often, remote health can be more efficient, convenient, and cost-effective than the alternative. Remote monitoring programs have helped skilled nursing facilities reduce hospital readmissions – a momentous landmark in the transition to value-based care. While maximizing patient outcomes is, first and foremost, the primary objective of reducing hospital readmissions may also increase patient recommendations and referrals.
Retail Health Care
Retail health clinics were initially fueled by the need for local COVID-19 testing sites and experienced growth of 21.5% from 2019 to 2020. In 2022, the market was valued at $3.49 billion as companies like CVS-Aetna, Walmart, and Amazon jumped on the opportunity to provide convenient, accessible, low-cost primary care. According to research from Forrester, the retail health care market is expected to double as local primary care facilities continue to struggle with employee shortages and retention and demand for convenient care rises.
Wearable Medical Devices
Wearable devices are no longer limited to simple step counters or heart rate monitors. In 2023, we’ll likely see an increase in wearable devices with advanced technology. Some outcomes include:
• ECG scans
• Blood pressure detection to monitor heart function
• Smart gloves to reduce tremors in patients with Parkinson’s
• Monitoring and detecting signs of mental illness
• And more…
Nick Cianci is president of Compass Total Benefit Solutions which is the exclusive partner of AHCA/NCAL Insurance Solutions. AHCA/NCAL members receive discounts on a full array of health and employee benefits, including Minimum Essential Coverage Plans, Minimum Value Plans, and more through AHCA/NCAL Insurance Solutions. For more information, contact Nick at nick@compasstbs.com or 860-416-5333.
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