In the last few months, I have been collaborating with global thought leaders on healthcare. We have been trying to understand what are the key megatrends driving healthcare especially in the context of the digital transformation of the industry.
The essence of the paper is that the traditional health care model is over! And there is no going back. Some healthcare organizations at the current crossroad will use data and digital technologies to serve patients in new, unique, and innovative ways, others will grudgingly grapple with the change to see an inevitable decline.
Technology can add an astonishing amount of value in terms of cost and quality – over US$ 500 bn, and cut down the expenditure growth by 30%; you can further add the value of innovation, and yes, the potential of health tech is boundless!
Digital technology plays an important part in ensuring the quadruple aim-Access, Experience, Affordability, and Effectiveness. In the age of Google, Apple and Amazon, patients have begun to seek healthcare in accessible, engaging, and outcome-driven formats.
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