The healthcare and life sciences industries are evolving at a rapid clip, driven primarily by the shift to value-based care and changing patient behavior.
These forces are impacting all sectors of healthcare, from providers to payers, and pharmaceutical to medical device manufacturers. And with an acute focus on the quality over quantity of care, there is also increased pressure on organizations to innovate and transform faster than ever before to deliver more precise, targeted care and make data more accessible across the care continuum.
But there’s historically been two things standing in the way of rapid, agile innovation in healthcare: closed off technology systems and siloed data stores. In more recent years, however, healthcare innovators have been pushing the widespread use of application programming interfaces (APIs) to overcome the challenges of data exchange and interoperability, and reduce the friction often associated with innovation and transformation.