Top Risks for 2018: Healthcare and Life Sciences Industry Group Results

2018 top risks healthcare industry

Top Risks for 2018: Healthcare and Life Sciences Industry Group Results

The recent acceleration of digital technology and connectivity within healthcare has led to significant improvements in patient care delivery, more effective population health management and better patient outcomes. According to data from the Centers for Medicare and Medicaid Services, more than 95 percent of acute care hospitals and nearly 80 percent of office-based physicians have adopted Certified Electronic Health Record Technology. Combined with the increasing focus on disruptive innovations in areas of virtual care, telehealth, artificial intelligence and the Internet of Things, an abundance of new data is becoming available to healthcare providers. While this creates a window of opportunity for organizations to enhance competitive advantage by maximizing the use of information to provide more efficient, higher quality care to patients, additional risks are also being introduced and proactive management of those risks is more imperative than ever before. The reality is that healthcare organizations are behind other industries in terms of having robust digital strategies in place and being significantly mature in their digital capabilities. This reality presents a challenge for the industry because in the coming years the way that care is provided, along with how information and technologies are utilized, will be vastly different than today.

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Richard Williams
Richard Williams
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