Hospitals of the Future – Creating an Era of Personalized Medicine (TechVision)

Evaluating the Role of Emerging Technologies and Underlying Business Models to Design Hospitals of the Future

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The global industry for delivery of quality healthcare is undergoing a transformation from being provider-centric solution to being a more patient-centric solution that focus more on the outcomes and value of care delivered. This Research Service (RS) extensively evaluates a business case for technologies that can be leveraged to design hospitals of the future, including strategies to design intensive care units, operating rooms, pharmacies, and emergency units that leverage short-,medium- and long--term adoption of technologies to transform care delivery.

The research service evaluates gaps in improving the quality/delivery and cost of care delivered by providers, through evaluation of technology--enabled design strategies for hospitals of the future that transform the delivery of care. The report contains analysis-backed recommendations to hospital executives to rethink their strategic transformation programs from a technology perspective. Reasoning on strategic opportunities for healthcare vendors of the future, which are not only limited to pharmaceutical companies and medical device and imaging developers; but also new entrants and market leaders in information, consumer electronics and communication industries are provided.

Table of Contents

1. Executive Summary1.1 Objectives of Research1.2 Outcomes of Research1.3 Research Methodology2. Key Findings2.1 Provision of High-Deductible Insurance Plans to Employees2.2 Outcome-based Models are Poised to Deliver Better Quality of Care2.3 Telemedicine and Augmented Reality Deliver High Patient Centricity3. Hospitals—Industry Overview and Trends Assessment3.1.1 Upgrading Hospital Infrastructure to Transform Value of Care3.1.2 Technology Transitions Care in Emergency Department and Intensive Care Units3.1.3 Cutting Margins associated with Offline Channels3.1.4 Higher Incentives around Maximizing Patient Empowerment3.2 Healthcare Delivery Model3.2.1 Higher Margin in Placing Incentives under Patient's Treatment Decisions3.2.2 Tapping Outcome-based Business Models to Deliver Quality Care3.2.3 Connective and Collaborative Care through Use of Wearables4. Technologies Enabling Hospitals of the Future4.1 Telemedicine and Augmented Reality to Address Current Bottlenecks4.2 IT-enabled Healthcare Services meet Short-term Growth Demand4.3 Technology Adoption is Key to Implement BYOD Strategy5. Key Emerging Technologies Transforming Care Delivery5.1.1 Point-of-Care (PoC) Diagnostics for Resource-constrained Facilities5.1.2 Significant Demand for Portable, Low-Cost, Home-Use PoC Diagnostic Devices5.2 Role of Augmented Reality in Care Delivery5.2.1 Augmented Reality to enhance Rehabilitation Programs5.2.2 Improvement of Battery Life in Headsets using Augmented Reality5.3 Role of Telemedicine in Care Delivery5.3.1 More Funding from VC Firms for Telemedicine Solutions5.3.2 Transitioning from 3G to 4G to Improve Performance of Telemedicine Services6. Diffusion of Innovations in the Global Hospital Industry6.1 BRICS Play Lead Role as Early Adopters of Cognitive Computing Platforms6.2 Personalized Genomics and Surgical Robotics are Recent Innovations6.3 Advanced Technologies for Disease Diagnosis enhance Emergency Units7. Designing Hospitals of the Future7.1.1 Balancing Cost-reduction Initiatives to Creating Patient Value7.1.2 Patient Empowerment Platforms that Focus on Disease Prevention7.2 Technology-enabled Hospital Design Strategies—Emergency Unit7.2.1 Augmented Reality & Predictive Analytics Reduce Patient Wait Times7.2.2 Aligning Incentives by Creating Patient Value7.3 Technology-enabled Hospital Design Strategies—Pharmacy7.3.1 Personalized Drug Dispensing Services transforming Pharmacies7.4 Technology-enabled Hospital Design Strategies—Intensive Care Unit7.4.1 Tele-ICU likely to Transform Care Delivery in the Next 1 to 2 Years7.4.2 NICU Next-Gen Sequencing Techniques Shape Disease Prevention Strategies7.5 Technology-enabled Hospital Design Strategies—Operating Room7.5.1 Incorporating Secure Communication Networks to Enable Collaborative Care7.5.2 Remote-controlled Robotic Surgeries in Resource-Constrained Facilities8. Strategic Goals—Designing Hospitals of the Future8.1 Telemedicine Offers Great Promises for Improve Patient Outcomes9. Analyst Insights9.1 Tapping Long-term Federal/State/Organization-specific Medicare & Medicaid Program9.2 Delivering Community-centric Care through Telemedicine in the Short-term9.3 Cognitive Computing and Articifial Intelligence to Boost Resource Productivity9.4 Recommended Technology-enabled Services for Emerging and Mature Markets10. List of Key Patents10.1 70% Conversion of Granted to Applied Patents for Telemedicine-enabled Applications10.2 Key Patents covering Wireless Medical Monitoring Devices10.3 Robotic Surgical System with Patient Support10.4 Automated Hospital Workforce System for Load Driven Scheduling Optimization11. Key Industry Participants11.1 List of Key Industry ParticipantsLegal Disclaimer12. The Frost & Sullivan StoryThe Frost & Sullivan StoryValue Proposition: Future of Your Company & CareerGlobal PerspectiveIndustry Convergence360º Research PerspectiveImplementation ExcellenceOur Blue Ocean Strategy




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