This is What The Future of Healthtech Looks Like

by Madeline Hester
November 25, 2019

Developers across every industry are encouraged to be innovative in their approach to work. In healthcare, however, experimentation can feel a bit more high stakes when a company's mission is tethered to improving the lives of thousands of patients.

This patient-first mentality drives developers from the following three tech companies to experiment with technology like AI, genomic technologies and data science. From improving the navigation of the complex healthcare system to researching cures for cancer, the following companies’ missions are having a major impact on the healthtech space. Here’s what the future of the industry looks like:

 

healthgrades
healthgrades

 

Scheduling a doctor’s appointment under your insurance can be confusing. Healthgrades helps customers make medical appointments easily and efficiently with advanced analytical solutions, connecting over 1,500 health clinics to new patients every day. 

Senior Vice President of Product Management Ben Bonetti said the future of healthtech is transparent and relentlessly patient-first, and will help people make smarter, more informed decisions about their care.  

 

What does the future of healthcare technology look like? What technologies specifically are driving the industry’s evolution?

The future of healthcare will be patient-focused and driven by technologies that increase transparency and accessibility for patients. Just as with other industries, consumers are now realizing that not all healthcare is equal. 

The doctor’s experience, the quality of the hospital and the cost of the procedure are all important factors when choosing care. When combined with advancements in artificial intelligence and electronic medical records, healthcare will evolve to provide even more transparency into those factors that are important to patients when making health care decisions. 

We leverage AI and machine learning in order to improve our customer experience.

 

How do you ensure your company stays on the cutting-edge of health tech? What new technologies or products are you incorporating into your work?

We put the consumer first. In addition, our core values encourage employees to move fast and be curious, so that our teams stay on the cutting-edge of health tech. We leverage AI and machine learning in order to improve our customer experience. We work with leading tech companies such as Spark, AWS and Snowflake to store, process and improve our data. We’re also continuing to lead the way with online appointment scheduling and are constantly making improvements to our website to make it easier for patients to connect with providers.

Additionally, we pride ourselves in supporting a culture of innovation throughout the entire company. We host regular “HG Create” hackathons where teams from around the business can come together to work on self-driven innovation projects. We also invite leaders from within the company to present their latest project or new and improved features to different product offerings during “lunch and learns” to showcase our progress to other members of the company. We also support and encourage team members to attend relevant industry conferences and provide tuition reimbursement so that individuals can continue to learn and stay up to date with the latest technologies.

 

archerdx
archerdx

ArcherDX uses next-generation sequencing technology to detect molecular variants associated with cancer. They offer a personal dashboard where patients can access companion diagnostics, clinical services and certified service providers.

CEO Jason Myers told us that creating a culture that is passionate about patient care motivates everyone to work on genomic technologies and further DNA research. 

 

What does the future of healthcare technology look like?

In the U.S., we need faster, better and cheaper.  In relation to other countries, the U.S. spends the most on healthcare but is ranked No.37 in the world when it comes to quality of care. Innovation will drive higher quality and more affordable care.  

...leveraging our understanding of the human genome will unlock better diagnosis and treatments.

 

What technologies specifically are driving the industry’s evolution?

Genomic technologies are driving the industry’s evolution right now. To treat many diseases, including cancer, leveraging our understanding of the human genome will unlock better diagnosis and treatments. In addition, focusing on preventative care through the lens of DNA will help. We need to understand the nature of the DNA we inherited from our parents and how it impacts human health.

 

How do you ensure your company stays on the cutting-edge of healthtech? What new technologies or products are you incorporating into your work?

We focus on innovation. We have created a culture that is passionate about patients, which motivates us to develop new products that provide hope and peace of mind. We set our standards high and focus on continuous improvement. We focus on the process, not the outcome, so we can scale and continue to innovate.

We have created a blood test that can quantify cancer in individual patients. This allows us to monitor therapy and adjust as needed with a simple noninvasive test.

 

GHX
GHX

GHX allows for healthcare manufacturers and suppliers can easily connect via a cloud-based platform in order to better deliver patient care.

Senior Vice President of Global Product Management Chris Luoma explained how AI and data-driven technology is creating convenience and transparency for patients.

 

What does the future of healthcare technology look like? What technologies specifically are driving the industry’s evolution? 

Healthcare organizations (i.e. payors, providers, manufacturers and distributors) are experiencing a change in the industry at a pace never before seen. Every sector has an eye toward better patient outcomes at a better cost-to-value ratio. As these entities work to navigate this new business of healthcare, they are looking for technology infrastructures that support two overarching themes.

The first theme is supporting the consumerization of healthcare. Technology needs to drive convenience and transparency for patients. 

The second theme is driving the insights necessary to power data-driven decisions. As organizations evolve, expand and adapt, healthcare leaders need to know what’s working and what’s not across the continuum of care. Technology platforms must support the capture and analysis of data, plus the coordination and execution of changes in the business of healthcare. To support these needs, we are seeing organizations focus on mobile applications, seek faster insights from artificial intelligence and work to gain efficiency from machine learning and robotic process automation.

We are exploring blockchain as a foundational technology...

 

How do you ensure your company stays on the cutting-edge of healthtech? What new technologies or products are you incorporating into your work?

At GHX we are incorporating data science, machine learning and AI into our solutions to create scale, efficiency and drive the insights our customers need to operate in the new business of healthcare. We are exploring blockchain as a foundational technology that can support the demands facing our customers today and tomorrow.

 

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