Medical Technology

Why is Interoperability so Helpful? Benefits of Technology in Healthcare

Why is Interoperability so Helpful? Well, interoperability isn't perfect yet but it has seen rapid growth and improvements in the last decade. There continues to be a rapid increase in the advancement of technology and that means there has been more and more application to and an adaptation of the healthcare industry. This combined with the entrepreneurial nature of technology innovators means that there are more and more new companies focused o creating technology just for the healthcare industry. Interoperability has thus seen a huge rise with the potential to continue to grow exponentially

Why is Interoperability so Helpful?
Below we discuss why Interoperability is so helpful and what the benefits technology in other applications, as well as Interoperability, are to healthcare. The technological revolution is shaping our everyday lives in different aspects and it only makes sense that it’s also impacting the way we receive care. The impact of technology in the healthcare industry does not get a lot of buzz as other industries. Perhaps because its more of a B2B space and so many people are not aware of the advancements taking place. Nonetheless, there has been a steady increase in innovations that have improved the quality of life. There has been a decline in preventable deaths, improvement in the overall well-being of the population, the possibility of non-invasive surgeries, off-site patient monitoring and much more.

Wearable technology Is Improving Lives

Why is Interoperability so Helpful?


With the rate at which wearable technology is gaining momentum and popularity, it won’t be overstating it to say that wearable technology will soon become a device that humans cannot do without like the cell phone or computer today. One is that wearable technology is seeing great use is in the health monitoring space. A lot of apps already exist where they can be installed on a mobile device and then the apps help to track the health of the uses. Health tracking wearable devices take it a step further by tracking the health of patients in real-time and storing up the data or sending it to a specified database. The increase in demand means that companies are making these devices more and more sophisticated. One of these advancements is in the invention and continued creation of wearable technologies. Wearable not in the sense of watch devices but in the sense of wearable clothing and accessories which incorporate various practical functions and features that can track the health of the wearer. These devices can monitor a person vitals like their heartbeat, their heart rate, their breathing etc. The wearable can be programmed to send a distress signal to your doctor or emergency services if the patients' health or the variable being tracked shows signs of deterioration. This is especially great for older patients or patients in need of close monitoring. This ability to monitor patients closely even when they are not in the hospital helps raise population health and helps reduce occurrences of health disasters or emergency room visits.

More Job Openings


Just as technology provides improved job openings for people in different industries. The normal and popular urban myth is that technology will eventually wipe out jobs for humans but in reality, this is not always the case. There has been substantial investment in the technology and innovation space and this has led to the creation of more jobs and positions for individuals. More companies are being formed as more and more technological inventions that can be applied to healthcare and Interoperability are being founded and staffed with individuals for innovation purposes, administration purposes, sales purposes, marketing purposes etc. For example, Bio-engineering job openings are also steadily increasing and these kind of jobs are perfect examples of the evolving relationship between technology and healthcare and the advantages that this merger brings.

Why is Interoperability so Helpful?

 

When there's buzz more and more people pay attention and find ways to be part of that buzz and this analogy is very true in the investment space. The continued buzz on the merging of healthcare and technology has caused investors to pay more attention to the sector and so companies have continued to receive an inpouring of investment capital in both equity financing and debt financing. This has had positive ripple effects in the economy as it has caused a growth in the economy and an increase in job availability. If we are to widely consider the question, Why is Interoperability so Helpful?

There is no straightforward response since it’s an ongoing process. Some 95% of medical technology companies are Small and Medium-sized Enterprises (SMEs), most of which are dedicated to investing in research and development. On average the medical technology industry reinvests around 8% of sales into product research and development. This interest is not just singular to the private investment sector. The technology in the healthcare industry is also becoming a huge focus of world economies. One of the countries focusing in this sector in China. China is starting to emerge as a major player in the medical technology and medical innovations sector Chinese competitors stake claims in global markets by offering capabilities and functionalities at price points 20-30% lower than their other global competitors. Interoperability and healthcare technology is becoming a huge focus of world economies. As more investments are dedicated to the development of technology in the medical field, it is clear that interest in the sector has significantly increased. This will surely reshape the economic landscape in many countries with more and more paying closer attention to the technology space.

Why is Interoperability so Helpful?

 

Interoperability so Helpful in Improving the Quality of Healthcare and it is only going to get better with better innovations coming and more improvements happening and people find better ways to merge healthcare and technology.