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Digital Health Predictions: Uncertainty Will Trigger Innovation In 2023
In times of uncertainty, tremendous innovation emerges. This is the spirit ushering in what will be a transformative 2023. It was an interesting year for digital health. We moved into a Covid-changed world in 2022, with fewer massive funding rounds and broader economic concerns, but consumer demands (and expectations) around a digital experience continued to rise. Hospitals face serious financial challenges, including inflation and staffing shortages, which will also impact the companies and vendors that do business with them. In fact, expenses for health systems are projected to rise by almost $135 billion in 2023 and about 30% of rural hospitals are in danger of closing. At the same time, evidence continues to accumulate that digital health works, validating approaches and offering real-world evidence that more cautious organizations need to move from the sidelines and onto the field.
Medigy Insights
Amidst periods of uncertainty, significant advancements are often achieved through innovation. The upcoming year of 2023 is poised to be transformative, as recent developments in digital health have demonstrated. In 2022, the world was forced to adapt to the impact of Covid-19, resulting in reduced funding rounds and increased economic instability. Nevertheless, the demand for a digital healthcare experience has continued to grow among consumers, along with their expectations. Hospitals are now grappling with significant financial challenges, including rising inflation and staffing shortages, which will also have repercussions for the companies and vendors that work with them. Recent projections suggest that healthcare expenses will increase by nearly $135 billion in 2023, and around 30% of rural hospitals are currently at risk of closure. In light of this, the mounting evidence supporting the effectiveness of digital health interventions can no longer be ignored, and those who have remained cautious are encouraged to move towards embracing digital healthcare innovations.
Continue reading at forbes.com
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