Despite significant investments in digital health, healthcare systems worldwide remain complex and fragmented.
According to the World Economic Forum, since 2010, digital health companies have received more than $100 billion (about $310 per person in the US) in venture capital funding in the US alone, and efforts in low- and middle-income countries have been backed by billions.
And as professionals in the private healthcare investment space, we have a unique opportunity to drive changes and shape the future.
Value creation in healthcare is one of those changes.
So, how can we unlock the true potential of digital healthcare and create a strong value proposition? It boils down to five key enablers that can pave the way for revolutionary change:
1. Create Value with Data: A world where standardized, interoperable data flows seamlessly across the care continuum, empowering healthcare professionals with valuable insights while ensuring top-notch data security should be the norm.
2. Enact Value-Driven Regulations and Policies: From ethical data use to staying ahead of evolving technologies like AI, robust regulations and policies must be put in place.
3. Integrating Tech and Analytics: AI-driven analytics powering a unique patient ID linked to comprehensive clinical data and seamlessly integrated with cutting-edge technology infrastructure.
4. Funding and Aligning Incentives: For value-based care to reign supreme, sustained investments and digital adoption in infrastructure and solutions are crucial.
5. Adopt a Hybrid Healthcare System: By prioritizing user-centric solutions and bridging the gap between in-person and virtual care via a workforce equipped with digital skills to ensure better patient outcomes.
The groundwork has already started to be laid, with a myriad of promising initiatives already making waves:
1. The WHO Global Initiative on Digital Health (GIDH) is leading the charge, driving national digital health transformation and fostering global collaboration.
2. The CoWIN platform in India has emerged as a beacon of hope during the pandemic, facilitating the world's largest vaccination program with unprecedented scale and efficiency.
3. Mayo Clinic's AI-powered platform aims to democratize healthcare, offering personalized care and predictive analytics to patients worldwide.
4. The Health Outcomes Observatory (H2O) pioneers patient-centric healthcare, leveraging real-world data to inform treatment decisions and enhance healthcare outcomes.
The central theme in all of these is collaboration as we build sustainable ecosystems that accelerate innovation and drive lasting change. The future of healthcare is bright. Join us at Enventure to unlock the full potential of digital health and pave the way for a healthier, happier world.