Vivek Tiwari, CEO and Founder of Medikabazaar, talks about its role in digital healthcare and sector growth.
Before the pandemic, digital transformation of healthcare had already begun, but the pace was stable but slow. Five years ago, 40% of IoT-related technologies were projected to be health-related by 2020... Driven by artificial intelligence and machine learning, more and more innovations in digital health technology are taking place, but the significant impact on care delivery has yet to be seen. The pandemic has changed the playing field and made a big difference in the delivery of care. EHR (Electronic Health Record), virtual doctor consultation, mobile health, wearable technology, digital therapy and more have all come together to restructure the practice and delivery of healthcare.
Increasing adoption of digital health
The adoption of digital health was a global phenomenon as it allowed access to care when access to doctors was restricted due to blockages. In the United States, telemedicine increased from 11% in 2019 before the pandemic to 46% in the post-pandemic period... Near the house, the blockade was announced in March 2020, and in the months that followed, physical appointments fell sharply, down 32% by November 2020. However, online consultations have increased significantly by 300%... Another important insight is that the percentage of non-metro users has increased from 25% to 40%...
However, switching to digital was not limited to remote consultation. Other aspects of digital products have also set the stage for platforms that ensure continued care for patients with chronic illnesses such as diabetes and hypertension. And the acceptance of this digital health technology will continue to grow. Today, consumers are becoming more embraced and comfortable with healthcare apps such as medical, wellness, and fitness apps that have access to personal health data. Connected devices provide healthcare professionals with important real-time medical data to better assess an individual’s health.
WHO’s Global Strategy for Digital Health 2020-2025 recognizes the need to integrate financial, organizational, human and technical resources for digital healthcare to promote health and well-being. increase... This will make smart devices widely adopted across India given their robust digital infrastructure and low-cost data. The savings that digital health brings also contribute to its growth.Digital Health AI could save $ 150 billion annually in the U.S. healthcare economy alone by 2026..
For a smooth transition to digital health, you need to understand the challenges that can arise. Healthcare professional skills need to be upgraded to ensure widespread adoption and normalization of digital health use.
Digital technology needs to provide affordable, easy-to-use healthcare solutions to an ever-growing aging population. This segment is slow to adopt new technologies compared to the young and ordinary people. Extensive educational initiatives can help support this segment.
Regulators and uncertainties surrounding digital health policies and legislation affect our investment in digital health. However, the Government of India is very supportive of policies to promote investment and adoption in the digital health ecosystem and is also addressing the challenges of data use, data storage, privacy and informed outlets.
One aspect to note is that the ever-growing number of apps and technologies developed for the consumer market blurs the line between medical and non-medical devices. For clinical deployments, next-generation AI-based digital health technologies need to be transparent, easy to understand, comprehensive and fair in order to provide improved healthcare solutions for everyone. I have.
Digital health is the future
This is just the beginning! Technology leveraging AI and ML will enable the integration of health data across platforms, ensuring seamless care delivery, adding value to the health economy and long-term growth and development of the healthcare sector. Has a positive impact.
https://www.mckinsey.com/~/media/McKinsey/Industries/Healthcare%20Systems%20and%20Services/Our%20Insights/Telehealth%20A%20quarter%20trillion%20dollar%20post%20COVID%2019%20reality/Telehealth- A-1 / $ 4 trillion-Post-COVID-19-reality.pdf
Digital Health-The Future of Healthcare in India
Source link Digital Health-The Future of Healthcare in India