- NCD’s(Non-communicable diseases) and chronic diseases will continue to be on the rise. For example, 425 million people had diabetes in 2017. By 2045, this number will show a 48% increase and become 629 million.
- China(114.4 million), India(72.9 million) and the US(30.2 million) in that order topped the list for diabetes in 2017 and they will continue with this trend in 2045.
Reduction of bottlenecks and waiting times
Location of the patients
Worldwide, hospitals face these common issues in their processes.
- The leading causes of major diseases include lifestyle related factors.
- These factors could be listed as: Smoking, Poor Diet, High BP, Overweight, Obesity and Physical Inactivity.
- At the same time, one in four people in the world will be affected by a mental or neurological disorder at some point in their lives.
- WHO has named mental healthcare a fundamental right hence, it becomes even more important for the global health community to identify different ways of improving mental health outcomes.
Going forward, the sector faces the following issues as listed below:
Financial Operations and Performance Improvement
- Different countries are employing a mix of methods to help improve financial and operational performance to provide affordable and accessible healthcare.
- Some of these could be listed as: Payment reform, Universal Health Coverage(UHC), Pricing Controls, Population Health Management (PHM) and Public-Private partnerships (PPP’s).
- Payment reform refers to Value based care which aims to optimize value for payers and patients by achieving best outcomes at a lowest cost .
- Universal Health Coverage (UHC) similar to the NHPS (National Health Protection Scheme) launched in India in 2018 ensures a certain level of healthcare to each citizen of a country.
- Population Health Management(PHM) is an understanding of public health by utilization of big data, patient engagement and health and care delivery to embrace the quadruple aims of healthcare
2. Care Model Innovation
- Greater consumer engagement and empowerment creates pressures on traditional break-fix model to change so as to become more proactive, predictive and focused on well-being.
- For example, consumers demand transparency, convenience and access when it comes to healthcare.
- They are willing to disagree with their doctors and are found engaging themselves in more preventive behaviours like personalised exercise and nutrition.
3. Digital Transformation and Interoperability
Technology is disrupting this sector like never before and it is here to stay.
Advancements through digital transformation will play a major part in :
- Providing a foundation for new care delivery models
- Shaping a predictive , personalized and preventive future
- Promoting collaborations between industry stakeholders and
- Developing cheaper yet more promising therapies for cure
- DaaP (Data as a Platform) is expected to grow with the usage of patient information to identify disease trends and explore avenues for new products.
4. Workforce of the future
- There is a widening Demand-Supply gap of skilled professionals in healthcare
- This creates immediate challenges for both public and private healthcare systems.
- The demand-supply gap is more acute with respect to physicians and nurses.
- Many countries are trying to tackle this problem by:
- Providing incentives to attract foreign talent
- Encouraging healthcare professionals to work in rural areas.
Technology - Innovations in Healthcare
From simple mobile apps to Artificial Intelligence and Robotics, the applications of technology in Healthcare are many.