A Descriptive Business Model on Integration of Cutting Edge Technologies in Healthcare Industry | [International Journal of Communication Networks and Information Security • 2024]

Author(s):

1. M.Savitha: Affiliated to Bharath Institute of Higher Education and Research, Selaiyur, Chennai 600073,India

2. S. Praveen Kumar: Affiliated to Bharath Institute of Higher Education and Research, Selaiyur, Chennai 600073,India

Abstract:

The integration of cutting-edge technologies such as the Internet of Things (IoT), Big Data, Artificial Intelligence (AI), and Telematics is transforming the healthcare sector. These technologies promise to significantly improve efficiency and effectiveness in healthcare providing more autonomous, datadriven solutions. This paper proposes the business modelling that can serve as a key strategy for successfully advancing the integration of emerging technologies in healthcare. By combining frameworks for AI, IoT, and other communication technologies, a unified system can be established that connects all healthcare service providers. Digital technology is instrumental in streamlining healthcare processes, making life easier for both patients and providers. This paper alsoproposes an architectural framework required for seamless technology of integration, with examples illustrating how these systems can be applied in practice for a remote patient with chronic illness. Health care practice remains limited, with many AI products, IoT devices and smart systems being at the design and develop stage itself. However, automating healthcare functions through these innovations comes with several challenges, including data privacy concerns, infrastructure limitations, investment barriers, and uncertainty around sustainability, reliability, and efficiency. Despite these hurdles, these challenges can be addressed through strategic planning and developing a robust business model. An extended business modelling approach can help healthcare providers navigate the complexities of technology integration by providing clear frameworks for implementation, identifying potential risks, and devising solutions for overcoming obstacles. Furthermore, innovations in healthcare will emerge from a human-centred approach that fully understands the complexities of patient journeys and care pathways. Given the challenges involved, the development of a thoughtful business model is essential to mitigate risks, ensure societal benefits, and improve the return on investment (ROI) for healthcare providers. Ultimately, a well-designed business model and integration strategy can help realize the full potential of these cutting-edge technologies in healthcare, driving both clinical and operational advancements

Page(s): 358-367

DOI: DOI not available

Published: Journal: International Journal of Communication Networks and Information Security, Volume: 16, Issue: 5, Year: 2024

Keywords:

Cloud Computing , AIArtificial Intelligence , IoTInternet of Things , RPMRemote Patient Monitoring

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