- Only 7 percent of executives surveyed by Reaction Data believe that healthcare IT security technology will have a significant disruptive impact on healthcare.
Twenty-nine percent said that telemedicine will be the biggest disruptor, 20 percent said AI, 15 percent said interoperability, 13 percent said data analytics, 11 percent said mobile data, 3 percent said cloud, and surprisingly only 2 percent said blockchain would be the biggest disruptor.
Interestingly, telemedicine, AI, and mobile data combined accounted for 60 percent of the responses on the most disruptive technology.
One chief networking officer interviewed by Reaction Data commented: “The possibilities of uses are virtually limitless with technological progression, especially at the recent pace of technological advancement. These three [AI, mobile, telehealth], particularly when used in tandem, can analyze and evaluate the status of a patient from anywhere, at any time, and transmit that data back to a provider who can then communicate recommendations to patients on their mobile devices.”
While telemedicine leads in terms of impact, half of respondents said it has had a financially neutral impact for them. Only 14 percent have seen a positive financial effect, thus far. At the same time, respondents said that it has been beneficial in allowing them to see more patients and deliver simpler and more cost-effective care.
“Tele-office visits are beginning to reduce the workload of primary care physicians, who are in short supply in the USA. IBM will be the behind the scenes driver of these new methods of population health management and decreased need for clinical services,” said one chief financial officer.
Providers said that telehealth would be most effective in rural or remote areas, for follow-up care, and managing specific patient populations.
Healthcare leaders listed several areas where AI will have a measurable impact on their organizations: imaging, data mining, performing repetitive jobs, drug creation, precision medicine, and system analysis.
Reaction Data also asked the healthcare execs which companies would be most disruptive for the healthcare industry. Fifty-nine percent identified Amazon as the most disruptive, followed by Apple at 14 percent, Google at 8 percent, Microsoft at 7 percent, and IBM at 4 percent.
Three-quarters of chief executive officers (CEOs) named Amazon as the most disruptive.
One CEO commented: “Amazon has a huge market they can use to distribute materials. They are already a household name and the users are not specific to Apple or Android.”
Another CEO said that Amazon has “visionary leadership and the ability to make the change happen.”
Is Blockchain a Bust?
Certainly, the lack of enthusiasm for blockchain in the Reaction Data survey runs counter to the industry buzz.
Deloitte recently conducted a survey of healthcare IT execs who said that blockchain would significantly improve visibility of value-based care payments and reduce fraud, waste, and abuse.
Deloitte noted that the healthcare industry has changed its view of blockchain significantly over the past year.
Healthcare leaders have moved from curiosity and education about the technology to recognizing that it would change care delivery and bring new opportunities and challenges, particularly for data security.
Eighty-four percent of IT executives surveyed by Deloitte, believed blockchain-based solutions was more secure than traditional systems. But only 21 percent cited improved security and lower risk to data as the most significant benefit of blockchain adoption.
More than 30 percent of respondents to the cross-industry poll named accelerated business processes and increased operational efficiencies as the top advantage of blockchain, while 28 percent believe blockchain will help them unlock new revenue sources and business models.
Companies are optimistic that blockchain will enhance industry collaboration and efficiency through increased data sharing.
These expectations may soon be realized as blockchain technology increasingly shifts from a theoretical solution to a practical, tangible one.
“Momentum is shifting from a focus on learning and exploring the potential of blockchain to identifying and building practical business applications. It just may not be happening when and where we expected,” Deloitte said.