The robust healthcare services we avail today are the reflection of how developed the countries have become in terms of innovation. The interventions of the new technologies directly impact everyone’s lives. Emerging technologies have changed the market landscape, and no industry, including the healthcare industry, is untouched by this change. While innovation has led to the betterment of healthcare services, it has also given rise to challenges faced by healthcare industries, including cyber security.
Technology is not the single factor to be blamed. Lack of government regulations, patient surges, staffing shortages, COVID-19 pandemic recovery, and patient expectations have also complicated the matter.
In this blog, we will take a look at the biggest healthcare challenges faced by the medical industry today!
1. Cybersecurity Threats
A rise in technology has undoubtedly done well for all sectors. With newer technology, there are now cures for incurable diseases and better treatment facilities. But everything comes with a cost, and that cost is increased cyber security threats. Patients trust healthcare companies to hold onto their most personal data, including personally identifiable info, medical records, and payment methods. Unfortunately, the rising risk of cyber security endangers all that data and the reputation of healthcare centers.
2. Rising Healthcare Costs
We are not oblivious to the cost crisis in the healthcare sector. Many stakeholders play a key role in determining the cost of healthcare services. Ranging from device manufacturers to medical drugs manufacturing companies and payers to insurance policy providers. The rise in healthcare costs directly impacts the revenue of healthcare companies. The increased cost ultimately discourages patients in many ways, from taking lab tests to doing regular follow-ups post-visit, which leads to poor patient outcomes.
3. Healthcare Staffing Shortage
As predicted by many industry groups, by 2023, the healthcare industry will witness a shortage of around 100,000 doctors. Luckily, technology can become a life savior. Since 2020, telehealth has been a big help, and it continues to do well for people. Live streaming, store-and-forward imaging, and remote patient diagnosis can improve access to healthcare even in remote regions.
According to the studies, the healthcare industry needs an additional 203,700 new RNs each year through 2026 to fill newly created positions and replace retiring nurses.
Bottom line
The healthcare industry faces many challenges with new technology and changing market practices. To thwart the problems in healthcare, it is important to map the requirements and preferences of their consumers and, based on that, create an implementation approach.
