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The healthcare industry is undergoing profound transformations. Costs are rising rapidly, and consumer demand for affordable care is rapidly increasing, and health care companies can not cope.
Health organizations are increasingly turning to technology companies to facilitate this shift in care delivery and lower health expenditure. The potential of technical-led digital health initiatives to help health-care providers and insurers provide safer, more efficient and cost-effective care is important. For health care institutions of all kinds, collecting, analyzing, and applying patient data can reduce the use of avoidable service, improve health outcomes, and enhance patient autonomy, which may reduce excess costs.
For its part, the "Big Four" technology companies – the original alphabet of Google, Amazon, Apple and Microsoft – see an opportunity to take advantage of the lucrative health market. These players themselves are accelerating their efforts to reshape healthcare by developing new tools for consumers, medical professionals and insurance companies and cooperating in it.
in a Big Tech Report in HealthcareBusiness Insider Intelligence explores the strengths and key presentations of the four big companies to the health care industry as well as their market approaches. We will then explore how these services and solutions create opportunities for health systems and insurance companies. Finally, the report will identify barriers to the adoption and use of the Big Four technology companies' presentations and how these barriers can be overcome.
Here are some key points of the report:
- The experience of technology companies in data management and analysis, combined with its large computing capacity, can help support health care providers, health systems and consumers by providing a broader overview of how to access and deliver health.
- Each of the four major technology companies – competing for part of a lucrative health care market – relies on its own expertise to develop tools and solutions for consumers, service providers, and advocates.
- The alphabet focuses on taking advantage of its dominance in data storage and analysis to become the leader in population health.
- Amazon relies on its expertise as a distribution platform for medical supplies, and develops its assistant Alexa as a health service at home.
- Apple is actively transforming its consumer products into health centers for patients.
- Microsoft focuses on cloud storage and analytics to access accurate medicine.
- Health organizations can take advantage of the opportunity offered by technology access to health care by collaborating with technology giants to achieve cost savings and strengthen their top lines. But understanding how each giant technology approaches health care is crucial.
- Identify key topics and industry-wide transformations that drive health care transformation in the United States.
- Identifies key companies and health care strategies for the four major technology companies.
- Highlights the greatest potential impacts of each of the four major health care strategies for health systems and insurance companies.
- Discusses possible barriers to the adoption of the four major technology companies' initiatives and how these obstacles can be overcome.
Companies listed in this report include: Apple, Amazon, Amazon, Apple Fit, FitBit, MyPitnessPal, Calico, DeepMind, Merck, Berkshire Hathaway, JPMorgan Chase, Retail Pharmaceuticals, PillPack, Aetna, UnitedHealthcare and John Hancock.