Top 6 Trends Impacting The Future of Pharma - The Medical Futurist

The future of pharmaceutical companies looks uncertain. There could be a world entirely without pharma in the future. Innovative startups and preventive healthcare are slowly but surely crushing the demand for pills, which is all that the industry is selling now. Pharmaceuticals must change their ways, or they will vanish.

Spotlight

Tallaght Hospital

Tallaght Hospital is a landmark development in Ireland's acute hospital service and is one of the biggest healthcare projects ever undertaken by the State. Located in southwest Dublin, the Hospital provides child-health, adult, psychiatric and age-related healthcare on one site.

OTHER ARTICLES
Health Technology, Digital Healthcare

8 Trends for Healthcare in 2021

Article | July 14, 2023

Momentum in digital healthcare transformation… it’s massive, and much needed. As organizations adapt to new modes of care, demands on resources, and consumer expectations, payors and providers are eyeing opportunities to reduce costs, improve care, build awareness, and expand relationships.Here are 8 trends we’re currently tracking into 2021: TREND 1 The evolution of healthcare will be characterized by a reengineering of clinical care and operations around digital health and pervasive real-time use of data and advanced analytics.​ Gartner TREND 2 The current landscape has underscored the importance of improving workflows, achieving greater clinical efficiencies and better integrating data across organizations through tools like natural language processing, remote process automation, and cloud-based technologies. Becker’s Hospital Review TREND 3 Now more than ever, healthcare organizations must build a multi-channel digital experience portfolio to deliver personalized consumer-centric experiences that drive engagement and reduce costs. Becker’s Hospital Review TREND 4 With increasing emphasis on cross-platform (EHR, CRM, CMS, virtual health, etc.) and cross-organizational data portability, advanced APIs and interoperability should ensure secure and efficient data exchanges between EHR systems, devices, and various channels of care. Forbes TREND 5 COVID-19 has pushed telehealth into the mainstream, and adoption has gained impressive traction. Expect expansions of asynchronous virtual care leveraging integrated wearable technologies. Business Insider Intelligence / Research and Markets TREND 6 With more healthcare data available, artificial intelligence and machine learning technologies will provide greater speed and insights to analyze and predict outcomes that drive change in patient care. Gartner / Forrester TREND 7 Organizations will continue looking to Social Determinant of Health strategies to help understand health disparities – including those highlighted through COVID-19 infections – and alleviate some of the financial strains while delivering high quality care. Fierce Healthcare / Healthify TREND 8 Successfully making the transition to offering greater price transparency will not only put healthcare organizations in compliance, but help satisfy patient demand, increasing patient engagement and even point-of-service payments. Health Leaders Media The strategy imperative With so much call for transformation, it’s vital to resist the pull of “shiny object” point solutions and to, instead, build a fully-considered digital strategy. Need help getting started? Our healthcare experts help the nation’s largest providers and payers navigate and execute their north star strategy, tackling specific challenges through assessments, best-practice advice, strategy, and roadmaps. Explore our thought leadership and connect with us to learn more today.

Read More
Digital Healthcare

The Top Wellness Programs Most Employees Prefer: Weight Management, Smoking Cessation, and Mental Health

Article | November 29, 2023

It’s no secret that the working world has changed these past few years, but employees have also undergone a lot of personal transformation due to these shifts. Struggles with health, home life, or personal issues can make it hard for them to work. Burnout is increasing worldwide, with 40% of desk-job workers feeling mentally distanced from work, depleted of energy, and increased negativity. Younger workers are already becoming drained by work life, which could spell trouble for future generations of employees. Despite these challenges, the workplace is the best place to help staff improve their wellness, especially since they spend most of their time working or in the office. Wellness programs can be implemented to help employees feel rejuvenated and respected, which will boost their performance at work. Here are some examples of programs your workers might enjoy Weight Management Programs The idea of a weight management program at work may seem like something employees could be offended by, but it can help workers build healthy habits and assess their lifestyle to help them achieve better health. Employees can learn to manage their diet better, leading to weight loss and a lowered risk of certain health conditions. These programs can also identify the need for medical weight loss strategies. For employees struggling with pre-obesity—a complex disease influenced by several factors often out of an individual’s control—personalized lifestyle changes and FDA-approved medications can be recommended. With chronic weight issues, doctors can prescribe medications that can help produce an average of 15% weight loss, especially when individual biology makes doing so harder. Employees can look for the help they need for wellness and weight loss, which can help them feel cared for by the company. When workers are at their peak physically, they can enjoy a healthier lifestyle and will be more efficient at work. Quit Smoking Programs Smoking is usually a means for employees to reduce stress, but it can greatly impact their personal and professional lives. Smokers tend to be more absent or disengaged at work than non-smokers. Presenteeism at work is also associated with heavy smoking. Employees coming to work despite health issues can lead to subpar performances. This can cost workplaces a lot of money in lost productivity, and workers will also suffer from health consequences. Smoking cessation programs can help employees reduce their tobacco consumption and quit smoking for better health and productivity. These programs can include counseling, suggesting smoking cessation products or nicotine replacement therapy, or other initiatives tailored to individuals. Your staff may need more motivation when trying to quit, so having more support and a community to confide in can help. Mental Health Programs Mental health in the workplace was largely ignored for many years, as many saw it as a personal issue. However, work can contribute significantly to employees’ mental health problems or exacerbate mental illnesses like anxiety and depression. Improving these conditions is vital to improving many aspects of life for employees. Workers will better enjoy work and perform well when they know they’re being supported. Mental health is also paramount to sustainable development and plays a significant role in transforming the world as a whole. Treating and monitoring mental wellness should be prioritized at work and beyond. Though companies may not have the means to properly diagnose or treat workers’ mental illnesses, mental health programs can help give employees and managers the education and resources to help improve mental wellness. Education and training on mental health can aid people in spotting issues and having them addressed or equip people with the ability to provide proper support or encouragement. These programs can also help the business take the initiative and offer other resources to improve mental health. That can be through mental health sick leaves, adding napping or gaming areas to the office, or offering mental health apps or counseling in benefits packages. When your staff is appreciated and taken care of, it’ll improve their overall well-being and life at work and home.

Read More
Health Technology, Digital Healthcare

AI Governance Much Needed by Healthcare Providers : Exploring The Genuine Reasons

Article | August 21, 2023

Artificial Intelligence or AI has attained continuous evolution over the years and witnessed widespread adoption across major industries of the globe. The Forbes report of December 2021mentions that the number of AI startups since 2000 has increased 14 times, and investments in AI startups have grown six times. It underlines the fact that the AI industry, powered by its path-breaking developments and innovations, has always been an attractive and trending option in the market. Within a very few years, AI has taken over different segments of healthcare like wellness, early detection, diagnosis, decision making, treatment, research, training, public health functions (surveillance and outbreak response), virtual care etc. A study by Accenture claims that AI-enabled devices and gadgets meet 20% of the clinical demands, and this has reduced the unnecessary visits to hospitals by a great number. Applications of AI in healthcare is broadly categorised into 3 segments, namely, Patient-oriented AI; Clinician-oriented AI; and Administrative-oriented AI. The transformative role of AI in healthcare is undeniable, as it scripts new journey for patients and practitioners, alike. According to Healthcare IT News, 63% of the research subjects agree to the observation that the devices and machinery enabled by AI have provided excellent value to the specialty healthcare divisions like radiology, generic pharmacy, pathology, etc. The rapid growth of AI in highly delicate domains like healthcare calls for great promise to accelerate diagnosis and treatment. At the same time, it also puts ethics, patient safety and privacy concerns at the heart of it; thereby calling for a framework of governance. Gartner report of July 2019 predicted the application of AI in more than 75% of the healthcare delivery organizations (HDOs) around the globe. Since most of these HDOs are new to adopting and applying AI-enabled machinery and services, AI governance is crucial to prevent the actions that may lead to errors, misjudgements and further chaos. Moreover, the degree of variance in the application of AI is high, and therefore it is not advised to implement the AI mechanisms without proper guidance or governance. From AI-enabled smart bands to pacemakers, the range of devices and gadgets offered by the AI industry is simply remarkable. The implementation of AI in the healthcare sector has proven to be highly effective in drastically reducing the scope of slipups. Moreover, AI has also facilitated early detection of illness with the help of daily use gadgets and devices in a smart way. At this juncture, it is equally important to create data governance framework that ensure ethical principles are applied to patient, providers and payers’ data. Further, AI initiatives by healthcare providers should be created using transparent protocols, auditable methodologies and metadata. These technologies should do no harm, reduce biases and help patients make informed decisions about their care. A significant part of AI governance also lies in change management. To build trust towards AI’s adoption across the healthcare ecosystem, there should be a dialogue between clinicians, scientists, technologist and end-users. Such discussions will address the opportunities, value and investment, including concerns across the stakeholders. In fact, prominent think tanks suggest healthcare providers to establish an AI Governance Council to monitor the value, investment and use of strategic AI capabilities. Some of the crucial roles and responsibilities for the Council include addressing legal and regulatory compliance; clinical evaluations; ethical usage guidelines and organisational deployment of AI across the system. AI is indeed a revolutionary technology that has huge surprises up its sleeves for the future. But exploring new frontiers comes with its fair share of challenges. Establishing appropriate governance over AI implementation and initiating a conversation around the ethical implications and regulations as well, will play a fundamental role in the introduction and scale-up of AI in healthcare.

Read More
Digital Healthcare

Accelerate Growth with Top 7 EHR Analytics Courses

Article | July 7, 2023

Stay at the forefront of the digital healthcare revolution by mastering EHR analytics. Discover the top EHR certifications that provide comprehensive training and industry-recognized credentials. As healthcare organizations increasingly embrace digital solutions, the demand for skilled professionals well-versed in EHR analytics continues to soar. Numerous certifications and courses have emerged to meet this demand, offering comprehensive training and industry-recognized credentials. This article delves into the top EHR certifications and courses, exploring their unique features, advantages, and opportunities for professional growth and advancement. 1. Certified Electronic Health Records Specialist By pursuing this course, participants will gain knowledge and practical skills in EHR, medical billing & coding, anatomy & physiology, medical terminology, medical law and ethics, and health insurance in the United States. This electronic health record specialist certification includes hands-on exercises using specialized software to create patient records, generate lab reports, and take notes & codes. Furthermore, it emphasizes the legal aspects of patient confidentiality and the responsible disclosure of medical records, ensuring a solid understanding of privacy regulations and ethical obligations within the healthcare industry. 2. Deep learning in Electronic Health Records - CDSS 2 The course provides a comprehensive overview of the fundamental principles of electronic health records (EHR) while also addressing the challenges of applying time-series classification methods to EHR data, such as missing values and variable heterogeneity. Professionals will learn various imputation techniques and encoding strategies to handle these challenges effectively. Upon completion of the course, University of Glasgow awards a certificate. Additionally, this electronic health records certification explores the role of clinical decision support systems (CDSS) in analyzing data to aid healthcare providers in making informed decisions and improving patient care. 3. Introduction to Electronic Health Records The course aims to provide an introduction to the field of digital health, covering essential concepts and definitions in this emerging area. It encompasses various vital topics, including Learning Health Systems, EHR, and a wide range of digital health technologies such as mobile applications, wearable devices, health information systems, telehealth, telemedicine, ML, AI, and big data. The EHR analytics course evaluates these technologies by examining the opportunities and challenges they present and the evidence of their effectiveness in the context of digital health, both globally and within public health and healthcare domains. This electronic health record certification includes a case study on using digital health technologies to address various aspects of the global response to COVID-19. 4. Interprofessional Healthcare Informatics This course is offered jointly by the University of Minnesota and its National Center for Interprofessional Practice and Education. It provides a hands-on and interactive exploration of fundamental informatics tools and techniques, incorporating technology-enabled educational innovations to enhance the learning experience. The ten modules in the course will help participants create an online learning community and a functioning healthcare informatics network. The EHR analytics course covers multiple topics, such as emerging technologies, telehealth, gaming, simulations, and eScience. It aims to collectively imagine and shape the future of healthcare informatics within the rapidly evolving landscape. The course welcomes healthcare professionals and IT enthusiasts, encouraging a diverse and interdisciplinary approach to learning. 5. Certified Electronic Health Records Specialist The Certified Electronic Health Records Specialist (CEHRS) course is a fully-online program designed to train individuals to become certified specialists in electronic health records. It equips participants with the necessary skills to navigate EHR systems and pass the CEHR certification exam. In this EHR certification program, professionals will learn essential tasks such as auditing patient records for compliance, extracting clinical information, coding for reimbursement claims, processing medical record requests, reviewing documents for accuracy, collecting patient data, and facilitating communication with healthcare professionals and insurance providers. The course focuses on hands-on experience with actual EHR software, provides an overview of EHR systems, emphasizes compliance with HIPAA regulations, explores various medical record components, and trains students to track vital patient information and report public health data effectively. 6. Electronic Healthcare Records Basics, Plain & Simple This EHR analytics course emphasizes the critical role EHRs play in improving healthcare services. The course holds immense importance as it delves into topics such as the comparison between digital and paper patient records, definitions of EMR, EHR, and PHR, the necessity for a unified view of records, the critical components of EHR systems, perspectives from both patients and clinicians, technology-related challenges, the concept of meaningful use, and the impact of the 21st Century Cures Act in facilitating advancements in healthcare. By undertaking this course, participants will acquire comprehensive knowledge as well as an understanding of EHR systems and their potential for revolutionizing healthcare delivery. 7. Records and Health Information Management This comprehensive EHR training certification program has been designed for professionals looking to advance their careers or seeking to stay up-to-date in the medical field and prepare for industry-standard certification exams. The course covers essential skills such as processing patient admission and discharge documents, accurately recording and maintaining information in the electronic medical record (EMR), understanding third-party reimbursement terminology and concepts, and utilizing computer hardware as well as software to enter and process data using medical record software. Learners can get an excellent opportunity to gain comprehensive insights into electronic health records and enhance career prospects in the healthcare industry. Closing Lines The EHR analytics certifications discussed in this article offer healthcare professionals invaluable opportunities for long-term success and growth in the evolving realm of healthcare informatics. By acquiring the necessary skills and knowledge through these programs, professionals can enhance their proficiency in managing and utilizing EHR systems, positioning themselves as highly sought-after assets within the healthcare industry. The comprehensive EHR certification training provided by these certifications and courses not only equips individuals with the technical know-how but also grants them industry-recognized credentials that validate their expertise. This recognition opens doors to diverse career pathways, including positions in healthcare organizations, consulting firms, research institutions, and governmental agencies. Moreover, staying abreast of the latest developments in EHR systems through continuous education ensures professionals remain at the forefront of technological advancements, enabling them to adapt and thrive in a fast-paced digital healthcare landscape.

Read More

Spotlight

Tallaght Hospital

Tallaght Hospital is a landmark development in Ireland's acute hospital service and is one of the biggest healthcare projects ever undertaken by the State. Located in southwest Dublin, the Hospital provides child-health, adult, psychiatric and age-related healthcare on one site.

Related News

Medisafe expands medication adherence research service for pharma and life science customers

Medisafe | August 16, 2017

Medisafe, a digital health business that developed a wireless pill bottle and companion app to remind people to take their prescription meds and track adherence levels, has tweaked and expanded a market research service aimed at pharma companies. It builds on a medication adherence analysis product the company launched last year. The business has taken de-identified data from its community of 4 million app users and made it the basis of Medisafe for Pharma. The Medisafe Insights service gives pharma companies a greater understanding of medication adherence for their drug brands in various markets and how that compares with rival medications, according to Medisafe cofounder and CEO Omri Shor.

Read More

Report breaks down how much Congressmen are getting from Pharma PACs

Pharma PAC | July 24, 2017

Two federal investigations - one examining opioid sales, another about a multiple sclerosis drug whose price had soared to $34,000 a vial - were only part of the troubles Mallinckrodt faced as the year began. The stock of the drugmaker, whose United States headquarters are in St. Louis, was tanking. Wall Street worried that Medicare might reduce the half-billion dollars it was spending yearly on a Mallinckrodt drug with limited evidence of effectiveness. This year, the company left the industry trade group Pharmaceutical Research and Manufacturers of America, or PhRMA, after the group threatened to kick out companies that did not spend enough on research.

Read More

MyHealthTeams raises $7.3M to give fuller picture of patient experience to pharma sector

MyHealthTeams | June 12, 2017

MyHealthTeams, a network of 24 patient communities that connects patients with each other and works with biotech and pharma companies to provide insights on clinical trial design and patient education for their products, has closed a $7.3 million Series C round. The new funding will be used to continue to diversify its patient communities beyond its 1 million registered users across eight countries.

Read More

Medisafe expands medication adherence research service for pharma and life science customers

Medisafe | August 16, 2017

Medisafe, a digital health business that developed a wireless pill bottle and companion app to remind people to take their prescription meds and track adherence levels, has tweaked and expanded a market research service aimed at pharma companies. It builds on a medication adherence analysis product the company launched last year. The business has taken de-identified data from its community of 4 million app users and made it the basis of Medisafe for Pharma. The Medisafe Insights service gives pharma companies a greater understanding of medication adherence for their drug brands in various markets and how that compares with rival medications, according to Medisafe cofounder and CEO Omri Shor.

Read More

Report breaks down how much Congressmen are getting from Pharma PACs

Pharma PAC | July 24, 2017

Two federal investigations - one examining opioid sales, another about a multiple sclerosis drug whose price had soared to $34,000 a vial - were only part of the troubles Mallinckrodt faced as the year began. The stock of the drugmaker, whose United States headquarters are in St. Louis, was tanking. Wall Street worried that Medicare might reduce the half-billion dollars it was spending yearly on a Mallinckrodt drug with limited evidence of effectiveness. This year, the company left the industry trade group Pharmaceutical Research and Manufacturers of America, or PhRMA, after the group threatened to kick out companies that did not spend enough on research.

Read More

MyHealthTeams raises $7.3M to give fuller picture of patient experience to pharma sector

MyHealthTeams | June 12, 2017

MyHealthTeams, a network of 24 patient communities that connects patients with each other and works with biotech and pharma companies to provide insights on clinical trial design and patient education for their products, has closed a $7.3 million Series C round. The new funding will be used to continue to diversify its patient communities beyond its 1 million registered users across eight countries.

Read More

Events