Rapid aging of the world’s population and the growing number of patients with chronic diseases are significantly increasing the demand for healthcare services and, as a result, healthcare costs. However, the number of experienced and skilled medical professionals is not meeting the rapidly growing demand for medical services. It causes a deepening shortage of medical professionals. If this situation continues, it will be more difficult to provide high-quality medical services to the general public.
To cope with this challenge, approaches in healthcare are changing from volume-based care, which focuses to provide medical service, to value-based care, representing a drive for improved patient outcomes at a lower cost. Value-based care attaches incentives and payments according to results, not system workload. As a result, it encourages elements like quality, the patient experience and their participation in decisions to be prioritized by the care team. The medical and healthcare industries are striving to achieve the Quadruple Aim with this approach: better health outcomes, improved patient experience, improved staff experience, and lower cost of care.
Radiology takes an important role in realizing value-based care. That is because radiology has a great impact on the entire process of diagnosis, treatment and follow-up care. Things are put on hold until you get the answer from radiology. Moreover, early diagnosis of diseases through imaging enables rapid and effective treatment while reducing costs.
Radiology is actively seeking solutions to strengthen precision diagnosis capabilities to realize value-based healthcare. As our diagnosis of diseases becomes more personalized to the individual patient, we are starting to develop treatment paths tailored to their individual needs. Accordingly, the medical and healthcare industries are working hard to effectively collect and analyze vast amounts of medical data based on latest technologies, and to create an environment where clinicians can make a personalized, precision diagnosis more efficiently.
To that end, it is necessary to have a systems view, which considers the whole radiology journey as an ecosystem. The most important point of the radiology ecosystem is that the patient is at its center. And to realize this ecosystem, the medical sector has to comprehensively connect the data generated from radiology, technologies and various stakeholders such as patients, medical workers, radiologists and hospital staff.
The ecosystem of radiology requires three elements. First, there should be state of the art technology that seamlessly collects and analyzes the clinical data created throughout the entire medical process. That is because clinicians can make diagnosis more accurately and quickly and determine the direction of treatment based on that information. Philips’ Future Health Index (FHI) 2019 study indicates the benefits of using digital health records, where 59% of healthcare professionals surveyed in the 15-country study agree that technology has a positive impact on patient outcomes.