Future of Healthcare Rests on Technology Innovation and Connected Systems, ISG Experts Say
ISG TechXchange: Healthcare and Life Sciences, hosted by Information Services Group (III), will take place on October 12-13 in Philadelphia.
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The healthcare and life sciences industries are undergoing a seismic transformation in the wake of the COVID-19 pandemic, with life sciences companies moving from “blockbuster focus” to “patient centric” approaches to drug development and delivery while adapting to new regulations and calls for greater transparency, ISG experts say.
Healthcare payers, meanwhile, are struggling with accelerating digital transformation, regulatory and other pressures in a bid to fend off competition from hyperscalers and other disruptors, while providers look to cope with increasing cost pressures and evolving patient demographics as they adapt to telemedicine, internet of medical things and other emerging trends.
In response to these developments, the future of healthcare will become increasingly more digital, personalized and interconnected, ISG experts say.
“Personalized, digital medicine is no longer coming, it is here, and it will only become more pervasive,” said
Stein pointed to a number of digital innovations reshaping the medical industry, including “mobile and edge computing that facilitates decentralized clinical trials, the digital pill that reports critical ingestion stats, the wearable device that records vital biometrics, and imaging technology that enhances effectiveness of therapies and procedures. All of these will depend on interconnected, interoperative, cloud-based systems and resilient supply chains.”
Automation may be the key to overcoming the current staffing crisis among healthcare providers and attracting younger patients, ISG expert say. Eric Eskioglu, MD, executive vice president and chief medical and scientific officer for
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Digital systems connecting clinical development, patient care and engagement, and supply chain processes are part of a growing collaboration among ecosystem partners that will be explored in a panel discussion between Tony Ambrozie, senior vice president and chief digital information officer for
Separately,
In the wake of pandemic disruptions, supply chain resiliency also will be a key topic of discussion during the event.
“More than 90 percent of Fortune 1000 companies have experienced significant supply chain disruption over the past two years,” said
Successful responses to supply chain threats, Krohn said, include “organizational restructuring, targeted acquisition and strategic divestiture to gain greater control of the supply chain, along with digital transformation curated by innovation executives, driven by business leaders and enabled by technology and security experts.”
Additional sessions will explore how digital health is accelerating transformation in the healthcare industry; how data transparency is reducing variation in care and improving experiences, and how analytics are powering personalized patient experiences and streamlining operations. Speakers include
The ISG TechXchange: Healthcare and Life Sciences event is sponsored by Cognizant,
Additional information and registration are available on the event website.
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