The healthcare industry is expected to reach $280 billion in upcoming years.

2020 will be an essential year for the health industry. When it is about digital health trends, law, artificial intelligence, telemedicine is used to solve the biggest challenges of our age.

Here is a list of the major trends you should know about digital health technologies in 2020:

Most essential digital health trend is MDR:

MDR i.e., Medical Device Regulation, will transform the entire admin scene in the EU. This is going to create an immense impact on mobile app development companies.

The MDR came in order in 2017 and implemented from May 26, 2020.

From that date, every new gadget should have promoted, sold, or appropriated in the European market and need to be confirmed. Strategize successfully and keep your health tech data secure, which guarantees you have great partners.

Health systems with telemedicine:

2020 is going to be the year of telemedicine as it is now mainstream in the healthcare industry. Personal health investment is booming at all lengths, prolonging the healthcare development circuit.

Almost every app and gadget is enabling healthcare application development companies to monitor, diagnose, and treat patients remotely.

It has real-time monitoring of ECG, GP consultation, and robots for doing surgery remotely.

Telemedicine is finding applications with monitors that remotely store a patient’s observation.

AI-enhanced technologies mimicking human-based behavior can drive innovation. Healthcare development companies must understand to make maximum use of AI technology to improve healthcare processes that achieve value with improved performance.

Telemedicine provides personalized and urgent care to patients and frees healthcare providers to deal with the higher number of critical cases.

Big Data and Analytics for Patient Care:

In the US, health care spending is highly expensive. Overall spending is $ 3.8 trillion per year.

Patient and patient care have revolutionized the way you think about health care. The analysis of this data provides a way to gain essential insights into medical conditions. At the individual level, data can form the basis for machine learning (AI), which models predict heart attacks.

On a broader scale, it provides an opportunity to transform epidemiology and save lives with mobile health globally.

Medical Artificial Intelligence:

Medical artificial intelligence has grown with big data analytics for diagnosis and care of the patient.

It will range from chatbots to initiate patients for help with emergency conditions for real-time diagnosis of heart attacks with the help of machine learning.

AI-based applications seek to improve and personalize healthcare delivery for individuals.

However, there are various challenges based on legal as well as technical for using the AI in health technology. Medical Data is usually taken in a distinct format and needs to be analyzed under observation in every few hours. This will transform the approach of traditional healthcare through machine learning. They could limit the application of AI in some scenarios where consent is the core of data processing under law.

The concept of creating a mobile app that is based on an anomaly detection system, a machine learning solution that exposes the intrusion of malignant tumors into health monitoring devices (such as MRI scans). Which is capable of intrusion detection? There is no anonymity in health care processes.

Population and its age:

The most prominent hurdle for global healthcare is demographics. Advancement in healthcare leads people to live more. But, the aging population can create a significant burden on healthcare app development firms.

Digital health applications and other digital devices can help leverage digital healthcare technology trends, often in different ways.

However, with increasing age by 2050, one in six people in the world will be over 65 (16%), one in 11 (9%) in 2019. It will open healthcare software development companies to address through Big Data and AI health issues via Healthcare software applications to improve care outcomes for patients in a hospital setting.

mHealth Apps and Wearable devices:

Virtual testing powered by wearable devices and the M-Healthcare smartphone app is expected to reach $ 450 million.

The virtual clinical trial concept is likely to emerge as it allows you to participate in trials of the clinic from your home or any other location.

The emergence of virtual tests helps reduce costs, as well as streamline processes and demonstrate real-world efficacy.

Augmented Reality role in Surgeries:

AR-based headsets and solutions take advantage of 2D images and other patient data and build 3D models of patient anatomy.

AR is a technique that is capable of revolutionizing the efficiency and cost optimization aspects of surgery while improving the error rate due to high accuracy and target detection within the patient’s body in the context of surgical navigation.

Also, the benefits of surgeon comfort, low effort, low wastage, or possibly low cost are parallel to AR’s performance systems.

EHR Blockchain Interoperability:

Blockchain has been a leader in healthcare, helping EHRs (electronic health records) with interoperability.

A significant challenge for doctors, resulting in regulatory non-specialization, poor referral management to specialists, now stays in the patient upon hospitalization and is unreadable in the hospital – all because the care team needs your complete medical history (eg, allergies Item). Access to specific drugs is not required.

Summing up:

Now that we have discussed about the trend of the most recent digital health technologies that will transform the landscape of the healthcare industry in 2020.

The future of healthcare application development companies to create healthcare applications empowered with AI and blockchain.

Look at these health trends shaping the healthcare industry, highlighting the endless possibilities the healthcare industry has to offer with health-based apps.

A supply chain is only as strong as its weakest link. If a product ultimately arrives in poor condition, the consumer doesn’t care where something went wrong—they want to see it fixed. Fortunately, a company that collects proper data can determine problem areas, leading to reduced errors, cost savings, and satisfied customers.

Mistakes Happen

Errors are inevitable even in the most efficient supply chains. Some invisible or concealed mistakes, as well as difficulties in the shipping process, will cause flawed products to find their way into consumers’ hands. “There will always be a small percentage of damages that slip through,” says Tracy Warren, Manager of Delivery & PMO at Katalyst Technologies. “The goal should be to put the critical checks in areas of the most risk, such as receiving, picking, packing, and shipping.”

Warren stresses open communication and maintaining relationships with the entire chain. “The best way [to fix problems] is to take a step back and review the entire warehouse process for gaps where quality mistakes could be made,” she says. “Talk to the associates. I can’t stress this enough. They hold the clues to improving processes.”

Traceability

Advances in data have made it possible to track every step of the supply chain logistics in remarkably precise detail. This concept of traceability has become vital as supply chains become increasingly complex. Imagine a car manufacturer trying to pinpoint a production flaw. The point in the past where their analysis might have concluded is now just the beginning.

“You build the entire story of the creation of the [vehicle],” says Paul Bailo, an executive of digital and data innovation and adjunct professor at Columbia University and NYU. “You’re now able to go down to a minute detail of really saying what the problem is.”

Many companies used to investigate problems down to just the physical level, perhaps putting the blame towards a faulty bolt and ending it there. However, that no longer needs to be the case. Now an organization can determine where that bolt was manufactured and at what stage in the process the issue occurred. They can even track down the exact employee who screwed in the bolt.

More Touches, More Problems

For years, supply chain managers have operated under the philosophy that the fewer touches a product experiences, the lower the risk of defects and errors. Ultimately, the only way to improve a supply chain is to shorten it.

“If you look at the data, the data will identify all the real touch points,” says Bailo. “You could identify the areas that aren’t adding any value—any movement, any blink of the eye that doesn’t add value could be eliminated.” Examining even the smallest step that can be reduced or eliminated will lead to a faster and more efficient supply chain management. “If you have a process that has 10 steps to revolution, then you get it to nine steps, and you get it to eight steps. So utopian view, there’s [ultimately] no steps.”

Management consultant Dr. David Anderson promotes the “Rule of 10,” which states that each stage in the manufacturing process a mistake goes undetected or unresolved results in a tenfold cost increase over the previous steps. If a flaw is dealt with immediately, costs are minimal; if it makes it through the next five stages, accounting for parts, time, and labor, it will cost 100,000 times as much.

In order to catch mistakes as quickly as possible, you need a dedicated and well-trained team. “[Hire] the right people, then train them for success,” says Warren. Accountability is also key. “Embrace the audit process,” she says. “Teaching your associates to be on the lookout for quality issues and explaining exactly what that means is critical.”

Katalyst Can Help
Customers demand quality, and your organization can’t afford to make avoidable mistakes. Reach out to the experts at Katalyst to keep your supply chain in check.

If you expect your competitors to be gentle and caring towards you and not hamper your growth, it is like asking a Lion in the jungle to not to eat you as you are not eating him. The business world is nothing less than a jungle. The business world is all about the survival of the fittest. Especially the present business scenario appears to be ruthlessly competitive and one needs to adhere to new business techniques in order to shine out the competitors. In this article I have compiled some very useful tips as to how you can beat your competitor in business-

1. Know your competitors: If you wish to outshine your competitors, it is important to know about them. If you don’t know about their strengths and weaknesses how would you beat them? Be a great spy in this regard. Know how your biggest competitor plays, how they manage their operations, etc. You don’t need to copy them but keep in mind their loopholes so that you can make them as your strengths, please the customers and give a healthy competition.

2. Adhere to efficient management system: The management system plays a very eminent role in the success of your company. No matter how big or small your competition is, nothing will work out well if your management system is not efficient enough. Use Sage Management Softwares, which are considered as the best, for efficiently managing the company. If you don’t know how to use them, learn them through a sage training course.

3. Invest in Branding: Many new entrepreneurs make the mistake of playing with the cost in order to outshine the competitors. Let me tell you that it is not a very smart move you should rather invest in branding of the company. Remember that in a market, their will always be someone who would offer the same product or service at a cheaper rate than yours, then how would you sustain. The answer is- Branding. Branding leads to customer relationship building. If you do apt branding for your company, it will lead to brand recall, brand preference, customer loyalty (if the service is satisfying) etc. Transforming your company into a brand is a long process that must be done very carefully.

4. Be innovative: No matter what your business is, innovation is the shortcut to success. History has witnessed that innovations have taken companies to an all new level much higher above where they earlier were. Innovation can’t e confined to any one operation of your company. It can be in production, marketing, branding or any other operation. Innovation always pays off.

5. Help your employees in upgrading their skills: The human resource is considered as the backbone of any company. The efficient they would be the faster the company would grow. You must help your employees in upgrading their skills. If they wish to purse a skill enhancement course, then you must help them with it. For example, you can pay half of the amount spent on a Sage IAB course pursed by your finance department professional. This would not just improve the skill set of that particular employee but would also prompt others to pursue a course and upgrade their skills as the company would help them too. This way your employees will develop sheer skills, work with optimum efficiency and ultimately help the company outshine the competitors.