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The world is beginning to embrace health technology in a big way. The global care solutions market is expanding and is expected to grow significantly in the future.

according to researchandmarkets.com, the value of the global care management solutions market in 2021 was estimated at $13.2 billion. The compound annual growth rate is estimated to be about 13.3%, so it should be valued at about $27.9 billion by 2027.

Technology has been a major driver of the development and growth of this market as it has expanded access to services in some areas of healthcare and improved efficiency and profitability in others. For example, electronic medical records (EMR) have facilitated cross-border access to healthcare by being readily available regardless of distance.

Easier access to comprehensive health records enables patients to choose caregivers and receive ongoing care anywhere in the world. This is just one of several ways an EMR can improve overall care. Through EMR, prevention as part of health care delivery can be better organized and encouraged to involve more patients.

It can also improve diagnosis because disparate information can be brought together in one database that can be accessed by different types of caregivers. Patients therefore receive more comprehensive and relevant care, and inevitably have better outcomes.

For these reasons, care management technology solutions are growing steadily, but the COVID-19 pandemic has highlighted the need and priority of providing care without in-person visits to a healthcare facility. .

I believe that in the future, more and more people will choose this option. This means that the industry may experience even greater growth than forecast. Especially in the event of another pandemic-type crisis in which the threat of a monkeypox epidemic has recently been in the spotlight.

A pandemic is more likely than once thought

A 2021 study published in the Proceedings of the National Academy of Sciences, led by Dr. Marco Marani of the University of Padua, Italy, concluded that a pandemic is more likely than once thought. The team looked at the odds of developing various pathogens, including plague, smallpox, cholera, epidemic typhus, and swine flu viruses, and concluded that a person born in the year 2000 had a 38% chance of experiencing a major pandemic. attached. (globalhealth.duke.edu)

It is clear that technology and the digitization of healthcare will soon be part of healthcare delivery and more prevalent than it is today. Caribbean countries are starting to play a bigger role in this industry. For example, our Ministry of Health aims to digitize some hospitals and health centers.

They already use a pharmacy information management system through the National Health Fund, as well as insurance adjudication software that allows both administrators and patients to easily interact with the system. Other islands, such as the Bahamas, use technology to some extent as part of their healthcare delivery.

We believe more Caribbean regions will participate in the coming years. If this happens, or if it does, better integrate the health system and enable holistic support and resource sharing in a manner similar to what the Caribbean Community (CARICOM) was envisioned for. can do.

Europe is ahead of the rest of the world in digitizing healthcare, but is catching up at a steady pace. Imagine how such global collaboration for patient care could vastly improve healthcare access, delivery, and quality of care.

Technology can do all this and more as part of care solution management. Over the past two decades, there has been a major paradigm shift in how we envision care. I believe that over time, the population will increase its buy-in and embrace technology for ever greater benefits. I imagined.

Doug Halsall is Chairman and CEO of Advanced Integrated Systems. Please email your feedback to doug.halsall@gmail.com and editorial@gleanerjm.com.

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