The Biggest Changes in the Healthcare Industry Over the Years


By Published on May 31, 2018

The healthcare industry has made phenomenal strides over the course of a decade. Here are just three of the many ways the healthcare industry has changed in recent times, all of which are practically guaranteed to continue changing and developing for decades to come.

Analytics

Just like tech companies use analytics to monitor several different websites, campaigns, and strategies, medical centers can use analytics to monitor patients, illnesses, and plenty more.

Where caregivers used to rely solely on their experience and education to treat patients, they can now pull solutions from precise and intuitive data. Evidence-based treatments and prescriptions derive from big data analyzation, made possible by the implementation of healthcare analytics. For example, Blue Cross Blue Shield has been working on developing a way to predict whether or not a patient is at risk for overdosing on prescribed opioids.

Additionally, healthcare analytics can be used to monitor the performance of the medical centers that use it. One hospital in Paris has been able to use their analytics to predict patient forecasts to keep from being over- or understaffed.

There is almost no limit to the ways healthcare analytics can benefit the industry, and as the millennial generation plays a larger part in the medical field, we can expect to see a rapid improvement in the way big data is used at medical centers. For an extensive look into the value of healthcare analytics, McKinsey & Company published a great article titled, “The big-data revolution in US health care: Accelerating value and innovation”. The authors of the piece claimed that, “The integrated system has improved outcomes in cardiovascular disease and achieved an estimated $1 billion in savings from reduced office visits and lab tests.”

Technology

The medical industry has experienced incredible leaps in technology during the past few decades. Thanks to progressive modern-day medical researchers and engineers, hospitals and other care centers have progressed substantially, and that applies to so much more than the high-tech health equipment. Due to the miraculous advancements occurring in the technological side of this industry, healthcare centers have been able to improve and fine-tune medical research, discover new solutions to old problems, create greater pharmaceutical medicines, improve communication, enhance efficiency, and so much more.

Medical centers store a massive amount of data that must be speedily and easily accessible upon request. Patient records, medical history, and so much more information must be securely kept for the medical center and every single patient who comes through its doors—whether that patient returns regularly or never again. Until recently, hospitals and other care centers operated out of a filing cabinet overflowing with patient records, accounting data, and other invaluable information. Fortunately, with the advancements in medical technology, most of modern America has converted those physical files to electronic health records (or EHRs).

Thanks to EHRs, a patient’s entire medical background can follow them almost anywhere at a moment’s notice. Healthcare providers are able to develop a comprehensive medical profile for each patient, which allows them to treat the patient with personalized evidence-based methods.

The Workforce

In the past, advancements in healthcare analytics and medical technology have been stifled by providers who are unwilling to adapt to intimidating digital strides. However, according to a recent study conducted by the PEW research center, millennials now dictate a great majority of today’s workforce.

Experts predict the millennial occupation in healthcare jobs will allow for greater advancements in the industry due to the simple fact that millennials are prone to innovation and are comfortable with rapidly changing technology. It may also be worth mentioning that the digitally proficient Generation X won’t be far behind.

The healthcare industry has taken some remarkable leaps in conducive shifts in recent years. Not only does this career path guarantee a well-paying, recession-proof job for millions of individuals across the globe, but it also greatly rewards those who put in the time and effort to earn their degree.

Are you interested in joining the medical workforce? Whether your aspiration is to become a doctor, a nurse, or a medical researcher, CollegeAmerica can help you achieve your goals. Learn all about our degree programs on our website or fill out a request form for more information. Our admissions consultants are prepared to answer any questions you may have concerning our degree programs, including qualifications for financial aid.