The healthcare industry is transforming at a velocity that is catching many organizations unprepared. The industry is in the midst of a generational change in how it is structured. No longer sufficient are the current models focused on episodic and acute care. Around the world, the future of health is taking shape: how care is financed, where and how care is delivered and the role of the individual are all changing. Globally, the industry aspires to become a system focused on value—delivering better quality care and outcomes at the most affordable cost. These changes require transparency—into both the costs and the effectiveness of care—along with greater insights to be gleaned from the exponentially expanding volume of health information available today and in the future.

Globally, the industry aspires to become a system focused on value—delivering better quality care and outcomes at the most affordable cost. These changes require transparency—into both the costs and the effectiveness of care—along with greater insights to be gleaned from the exponentially expanding volume of health information available today and in the future.

The shift to value

The digitization of healthcare, accelerated by the deployment and adoption of electronic medical records is now being exploited and augmented with technologies like mobile, social, cloud computing and analytics. This digital revolution has opened up new opportunities for engaging individuals in their health, optimizing workflow execution, and reducing waste, as secure portability of data enables new ways of doing things to support workflow transformation. This digital reinvention is laying the foundation for the future and empowering individuals and organizations to achieve industry goals to: • Improve health—measured by healthcare outcomes for individuals, populations and communities • Provide value—Improve quality and experience at the best possible cost • Engage the individual—as a person, reflective of their condition, needs and preferences

The healthcare industry is in a period of historic challenge and opportunity. Organizations that serve and compete — whether payer, provider, pharmaceutical or medical device manufacturer—will need to tap into the data that can help them navigate this period of disruption and redefine their relevancy, strengths and roles they will play for the future. With the increasing digitization of the world, cognitive systems can help organizations unlock new opportunities and insights never before contemplated.

 

 

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