Digital disruption that previously hit retail, financial services and many other sectors is now descending on healthcare.
For more than a quarter of a century, pundits and prognosticators have said that a revolution was forthcoming for connected healthcare.
Yet it wasn’t until early 2020, when the pandemic arrived, that there was a sudden and urgent need to pivot to a connected framework. Suddenly, doctors and other medical professionals began substituting in-person visits with video consults and remote monitoring. Smart watches, digital thermometers and blood oximeters played a crucial role in collecting and sharing data.
For healthcare executives, the stakes are enormous. Disruption that previously hit retail, financial services and many other sectors is now descending on healthcare. “There are remarkable opportunities to drive cost and quality improvements but also introduce new products and services,” says Benjamin Schooley, associate professor of Integrated Information Technology at the University of South Carolina.