As society continues to advance into the future, a primary concern that is universally shared amongst people i the privacy of our personal information. Over the last few years, whether companies wanted us to realize it or not, we’ve come to recognize the value of our data. Companies look to analytics to gauge how to operate, what types of products to manufacture, and which consumers will likely work with these companies. Somewhere down the road to extrapolating personal data, the healthcare industry recognized the potential opportunities, and setbacks, in trying to sort through the information of all their patients.
According to a report released by Seagate Technology, the volume of big data is projected to grow faster in healthcare than it will in any other sector over the course of the next seven years. Healthcare data will experience a compound annual growth rate of 36% through 2025.
Multi-Trillion Dollar Industry Providing Massive Opportunity in 2019 & Beyond
“Providers are taking advantage of greater intelligence being built into diagnostic equipment and patient devices that can collect patient data, upload it to the cloud or a centralized datacenter for analysis or diagnosis, and then receive instructions or recommendations based on the patient’s specific needs. In the future, in-home robotic healthcare assistants will monitor elderly patients and provide notification if an individual requires assistance, ensure medication is taken, and even perform simple tasks.”
–International Data Corporation, Seagate Tech Report
Amid the healthcare sector’s push for investing in big data, patients have become increasingly concerned about how their information is being handled, and who has access to their personal data. Many healthcare companies will do almost anything to gain information about consumers so that they can better create to meet the growing demands of the public. Any level of insight into a person’s likes, dislikes, and personal preferences can give a company the upper hand in their industry. It is for this reason, among many others, that companies which emphasize the importance of transparency with their patients are often preferred over those which keep information behind closed doors.
Interestingly enough, some healthcare companies have actually invested in innovative medical technologies to increase transparency while simultaneously improving the quality of care available for their patients.
Premier Health Group Inc. (OTC: PHGRF) / (CSE: PHGI) / (6PH.F) is a Canadian publicly traded company focused on developing innovative approaches that combine human skill-based expertise with emerging technologies to provide the best possible care solutions for their patients. In full recognition of the growing suspicions of patients concerned with how their personal data is being handled, the Company announced earlier this month that they will be working with NexTech AR Solutions to eventually implement augmented reality technology into its healthcare framework.
Incorporating augmented reality into healthcare serves two purposes for the future of the industry: AR can be used as a learning tool in training healthcare professionals to create a highly engaging and immersive educational experience, as well as be used to improve transparency for patients. Premier Health Group Inc. (OTC: PHGRF) / (CSE: PHGI) / (6PH.F)‘s investment in AR tech will allow its active-patient network of over 100,000 patients to be able to visually understand exactly what their healthcare providers will be doing to their bodies. The goal of AR tech in medicine is to empower patients to play a more proactive role in their own care through aiding in self-diagnosis.
At a time where consumers are largely concerned with the safety of their data, Premier Health Group Inc. (OTC: PHGRF) / (CSE: PHGI) / (6PH.F) is committed to making strategic acquisitions and investments for the purpose of maintaining a high-functioning, qualitative, transparent healthcare structure for their patients.
“At Premier Health we pride ourselves in being at the forefront of changes in healthcare, so we are thrilled to be a part of the future of healthcare by enabling state of the art technological advancements to our patient centric telemedicine app. AR has the potential to revolutionize both the access to data and the delivery of healthcare. The technology will help doctors and patients alike – doctors will have access to the latest and most relevant information about their patients while patients can use AR for self-education and improving the quality of treatment they receive.”
–Dr. Essam Hamza, CEO of Premier Health
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