Aussie’s healthcare leaders look to predictive tech to solve challenges

Matt Moran, Managing Director Australia & New Zealand at Philips

Royal Philips, a firm in health tech announced its Australian Future Health Index (FHI) 2022 report: ‘Healthcare hits reset: Priorities shift as healthcare leaders navigate a changed world’.

Now in its seventh year, the Future Health Index 2022 report is based on proprietary research from almost 3,000 survey respondents conducted across 15 countries, including Australia, and explores how healthcare leaders are harnessing the power of data and digital technology as they look to address their key challenges coming out of the pandemic.

What were Philips’ thoughts on the research findings?

“The results of the 2022 report continue to show that Australian healthcare leaders believe digital technologies can solve some of the most pressing issues currently challenging our health system,” said Matt Moran, Managing Director of Philips Australia & New Zealand.

“Leaders across the Australian health sector need to collaborate and find ways to address these persistent barriers to make real progress with their priorities,” Moran further said.

What were the findings of Philips’ study?

While many healthcare leaders trust the insights data delivers, the report finds that they face perennial barriers to effective data usage that stop them from fully utilizing analytics.

Technology, an imperative for positive change

Aussie healthcare leaders are emerging from the pandemic with an increased focus on social responsibility and are looking to digital solutions to support these goals. Investing in remote health technologies, such as telehealth, is seen as one of the solutions to extend access to care beyond existing facilities, with 36% of healthcare leaders saying this is currently a key priority, and 42% saying it will become even more important in the near future.

Timely access to specialist care for Australians living in remote or rural communities (around one third of the population) is challenging. Healthcare leaders see the potential technology holds to address some of these disparities, with 76% believing predictive analytics can positively impact health inequity and 77% believing it can help to reduce the cost of care.

In 2021, 4% of Aussie healthcare leaders said they were focused on embedding sustainable practices in their healthcare facility. With calls growing across the sector to become more environmentally conscious, the 2022 FHI report shows that 31% have put sustainability practices at the top of their agenda, a figure greater than the global average of 24%.

Overcoming the barriers to effective data use is crucial

Aussie healthcare leaders are data confident but say gaps in talent and tech infrastructure are impeding their ability to fully unlock the power of data. Although 78% say their healthcare facility can extract actionable insights from their available data, 74% of healthcare leader are frustrated by data silos that continue to hinder their firm’s ability to utilize data effectively.

The pandemic has pushed the sector to the edge and practitioners are experiencing high degrees of burnout. 77% of healthcare leaders say their staff are overwhelmed by the volume of data available. Together with skills gaps and overall workforce shortages, one in four (27%) of healthcare leaders are prioritizing staff satisfaction and retention as a priority.

As they seek solutions to these perennial issues, 42% of Australian healthcare leaders surveyed agree the availability of data specialists would support them significantly in using data more effectively, which is almost twice as high as the global average of 24%.

The potential for predictive analytics to supercharge care

More than half (55%) of Australian healthcare leaders surveyed say they have adopted, or are currently in the process of adopting, predictive analytics. A vast majority of healthcare leader believe this technology can positively impact a wide range of areas, such as health outcomes, patient experience, population health management and cost of care.

69% of Australian healthcare leaders say they are using predictive analytics in operational settings and 68% say they are using it in clinical settings. Despite having high levels of trust in both areas, Australian leaders are more likely than the global average to want transparency, data security regulations and success stories about predictive analytics in clinical settings.

Since 2016, Philips has conducted studies to determine the readiness of countries to address health challenges and build efficient and effective health systems. For details on the Future Health Index methodology and to access the Future Health Index 2022 report, visit our site.