Healthcare Technology Trends to Watch in 2023

Healthcare Technology Trends to Watch in 2023

Let’s take a quick look at some of the top emerging healthcare technology trends you need to know and stay ahead of in 2023.

With healthcare costs increasing and margins shrinking, providers demand that healthcare technologies demonstrate a strong return on investment. Healthcare software vendors in 2023 will need to adapt their priorities to succeed:

68% decline in hospital operating margin on patient revenue from 2021 to 2022, driven by rising labor and supply costs,Artificial Intelligence and Machine Learning Continue to Mature (and Become More Useful)

Just a few years ago, healthcare experts were breathlessly predicting how AI and ML promised a “new paradigm” that was “poised to overhaul the healthcare industry” and “transform how healthcare is delivered.”

The reality has proved more complex, and the healthcare industry now better understands AI’s applications and limits. In 2023, we expect healthcare technology companies and providers to continue focusing on the most valuable and practical use cases of AI and ML.

Despite some tempered expectations, several targeted use cases for AI in healthcare have become a reality, including:

. Automated triggers keep patients informed and on track with their care plans

. Improved care workflows and collaboration

. Greater accuracy and control for opioid prescriptions

. Better clinical decision support for doctors

Interoperability and Device Integration Advance and Gain Focus

Healthcare technologies must work together to provide value. 2023 should see big advances on a couple of fronts.

Standards-based interoperability will provide clarity and progress. FHIR has emerged as the future standard for data integration among EHRs and other healthcare software and data systems. Collaborative alliances such as CommonWell continue to gain momentum and promote interoperability adoption and understanding. New opportunities will open up as technology vendors build to these standards and take advantage of easier health data access, such as more sophisticated, real-time clinical decision support and algorithms.

And healthcare goes with us everywhere now. Improving interoperability also supports the growth and value of remote medical devices and the internet of medical things (IoMT). Providers and vendors will focus on device integration as more care moves out of the hospital and into the home.

The proliferation of connected wearable technology, home A1C and blood pressure monitors, implanted heart devices, and health apps has created promise (many technologies to give patients more control) and problems (huge new sets of data to decipher and share).

In 2023, providers and vendors will make substantial investments in making sense of all the data and incorporating it into care and administrative workflows.

Focus on Patient Experience will Innovate Digital Experience.