Tag Archives: medical industry

Someday, wearable techs are going to save your life

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Wearable technology may sound straight out of science fiction but in recent years, such innovation has gradually become a reality and may even soon become more mainstream. In fact, experts predict that more than 400 million smart wearable devices—worth an incredible $34 billion—will be sold worldwide by the end of the decade. Indeed, the future is here and in the very near future, we’re going to see major changes in systems and processes involved in different sectors and industries—most especially in the medical industry.

So what are the present and possible roles of wearable tech in the medical setting? Let’s start with the most common type of this innovation that any ordinary person can easily access in the market.

 

Technology for the active lifestyle

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From smartwatches, smart apparels, and fitness trackers, wearable tech in this category can help you keep track of your fitness levels. These devices easily and perfectly blend in with any fashion style so it’s been popular among active individuals from different walks of life without feeling and looking a little bit ‘nerdy’.

 

Wearable tech for physicians

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Wearable tech’s huge jump from a commercial device to a more medical and expert-oriented tool is what we’re going to expect in the years to come.  In fact, it’s going to change everything about the medical practice and the industry as a whole. Possible features of this future tech include providing doctors and health practitioners with an activity tracker for patients and in turn, the collected data will give physicians a better idea of the overall physical status of patients with all accuracy and honesty.

 

Overall health tracker

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One day, wearable techs will enable medical experts to track the most serious health problems and help keep up with patients suffering from chronic conditions such as heart disease, asthma, diabetes, and other challenging ailments.  In addition, patients will be encouraged to comply with their doctor’s diet and workout instructions.

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Modernizing healthcare: Is blockchain technology the next step?

Interoperability is at the heart of the blockchain technology and for the health care industry, this ability could power a more accessible yet safer way of health information exchange. For instance, taking advantage of this innovation for electronic medical records sharing will not only provide patients with real-time information but also deliver a faster way of data sharing among institutions and healthcare providers.

 

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The technology could give rise to new health information exchanges (HIE) models that will create more efficient electronic medical records. Although it still in its early stages, here are the potential uses of Blockchain technology that will revolutionize the healthcare industry.

 

  1. Health record management

The technology has the potential to build a less complicated and more updated digital record-keeping system. As a ledger technology, it can promote interoperability, ensuring integrity and privacy for patient records.

 

  1. Patient-centered approach

Patients can have the full control and real-time access to their own medical data so that they can easily share it with other healthcare providers like hospitals, insurance companies as well as laboratories.

 

  1. Secured sharing

With its real-time access and control capabilities, patients can share data to various groups or individuals. Data sharing are pre-approved so that it will only be shared with the patient’s chosen group of individuals or organizations.

 

  1. Cost-efficient

Transferring a patient’s medical records between institutions and healthcare providers will be faster and will cost less. In addition, compliance costs will be reduced and the digital nature of this technology will make auditing easier.

 

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Blockchain technology has not yet reached its full maturity in its possible applications in other industries and there are still issues that need to be addressed. However, many experts believe that it has the revolutionary potential to transform the health care industry in the future, which can spell a healthcare boom, higher client satisfaction rates, and even increased value of healthcare stocks—the latter a major plus for investors.

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