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With the number of potential caregivers for every 80+ year old person (caregiver support ratio) projected to sharply decline to four-to-one by 2030 from seven-to-one in 2010, technical innovations, such as Internet of Things and cognitive computing, that mitigate such caregiver risks offer interesting business opportunities. For example, IDC forecasts that as many as 28 billion IoT devices will be installed around the world, a good proportion of which will be in the medical diagnostics arena. Thus, the opportunity to identify potential technical solutions to support seniors and their caregivers is enormous given this interconnected ecosystem.
As you attend the various presentations, exhibitions, and ad-hoc conversations, note that four major challenges remain to be addressed:
- Seamless integration of multi-source data: How do we identify the relevant data from multiple sources, correctly associate the data with the correct patient, and integrate the data in a secure way? Which data is most important for what types of patients?
- Timely and accurate source of truth: How do we enable caregivers with trusted patent information such that the appropriate professionals as well as family members can readily access, share, and potentially act on the latest updates?
- Decision support: How can we harness the progress in cognitive computing, data analytics, and sensory data presentation as well as visualization technologies for the benefit of the caregiver community? Which ones have the highest ROI?
- Post-diagnostics care support: How can we enable the treatment plan and on-going monitoring for the right level of automation? How do we integrate the patient care with billing and back office support?
With insights gained from over 3,000 healthcare transformational projects, and working with 92 of the top 100 health systems in the world, IBM enables healthcare service providers to deliver more efficient, personalized care. IBM’s consulting can help define and execute a roadmap for optimizing the return on IT investments that leverage strategic technologies and bridge both business and IT.
To learn more, please visit IBM at HIMSS16, Booth #5932 for demos on how we are applying analytics to drive value-based care.
Join us in the conversation:
IBM Healthcare Twitter: @IBMHealthcare or #IBMHealthcare
IBM Healthcare YouTube: www.youtube.com/ibmhealthcare
IBM Healthcare Slideshare: http://www.slideshare.net/IBMSmarterHealthcare
We look forward to seeing you in Las Vegas on February 29-March 4, 2016!
IBM’s CIO Advisory Authors:
- Srini Raghavan: Dr. Raghavan has over 18 years of industry and professional services experience with the development and execution of IT strategy, investment road maps, and business/IT transformation engagements. He has served as a trusted advisor for a number of senior CXO clients in healthcare, oil & gas, chemicals, utilities, telecom, banking and manufacturing clients, both domestically as well as internationally.
- Daniel Gasparro: Daniel has over 25 years of industry and professional experience in developing and executing IT Strategy and Business Transformation. With BIS in Research, Design & Management and advance certifications in Nutrition, Neurology, Immunology and Gastroenterology through Anti-Aging Association (A4M) he provided lifestyle, nutrition counseling and education to a vast range of clients. Daniel is also Clinical Instructor at George Washington University School of Medicine and Health Sciences where he lectures on the application of wearable technology in a clinical setting.
- Scott Mumford: Scott has over 20 years of healthcare industry experience. He has successfully helped clients solve their IT strategy, technology portfolio management and strategic sourcing challenges. Now with IBM, he offers advisory services to both payer and provider CIOs.
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