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Health Economics

Health Economics

Digital Transformation in Healthcare: Empowering Patients, transforming lives

The challenges facing the healthcare sector are notably significant. There is a substantial increase in demand for care amidst an exceptionally tight labor market. Additionally, there is a noticeable evolution in client preferences – a trend that is anticipated to become even more pronounced in the coming years.

Enhancing the quality of life

Clients are increasingly seeking greater autonomy across various domains, such as how care is provided and where care is provided. Home care is a strong preference in most cases. There is also a noticeable shift in focus away from the illness itself, with an emphasis on enhancing quality of life and promoting individual health.

Healthcare professionals are experiencing an increasing workload, partly due to the labor shortage. The global shortage of healthcare professionals is one of the most significant obstacles in ensuring universal access to healthcare. According to a report from the Wemos foundation, if there are no significant changes, one out of every seven people worldwide will never have access to a healthcare professional — no midwife, nurse, or doctor. This leaves one billion people without even the most basic healthcare.

Quality, affordability and accessibility of care are under pressure. This has led to a heightened call for a redesign of the current healthcare landscape. It is time for change, and the ongoing digital transformation of healthcare can serve as a facilitator for this transition.

Increased lifespans change views on healthcare

The paradigm in healthcare has increasingly shifted over the past century from ‘survival’ and ‘longer life’ towards ‘meaningful living’. In the 19th century, survival was paramount. People lived to an average age of 45, facing significant hygiene challenges and infectious diseases dominating existence. The advent of sanitation – a major game-changer – substantially increased the average lifespan in the 20th century. People, on average, lived to be 65 years old in the 20th century, with the focus on living longer. There was optimism as knowledge about effective care had significantly advanced. Collaboration among specialists in hospitals led to better treatments.

In the 21st century, the paradigm shifts towards meaningful living, emphasizing the importance of healthier years. We are substantially older than decades ago (with an average lifespan of 85 years), and diseases that were once fatal have become chronic. How individuals choose to address their vulnerabilities is increasingly a personal consideration rather than purely medical. This requires financiers, providers, and professionals to develop a more comprehensive view of healthcare and well-being to improve health while ensuring affordability, availability, and accessibility of care.

E-health is a huge game-changer in 21th century

To empower individuals to define what constitutes a meaningful life, healthcare technology, digital care, data, and data analysis are crucial. These not only provide insight into one's health status and potential risks and preventive measures but also offer concrete personal tools to manage the care process at home. Thus, healthcare technology, digital care, and data analysis are the potential game-changers of the 21st century. Much like sanitation, clean drinking water, and livable housing were in combating infectious diseases in the 19th century.

The healthcare transformation is characterized by several significant shifts. This includes an emphasis on prevention, well-being, and maintaining health, working within a healthcare ecosystem that prioritizes collaboration, placing more emphasis on value over volume, increasing patient/client responsibility and providing more personalized care.

Data-driven healthcare is the future

A crucial contribution to these shifts is made by data-driven healthcare, wherein mirror information, decision support systems, assisted intelligence, and ultimately artificial intelligence (AI) become integral parts of the patient journey and treatment process. This is likely to enable patients and healthcare providers to implement personalized prevention measures to prevent (further) healthcare needs while it also provides greater insight into their current health status. This in turn ensures better anticipate appropriate care, personalized healthcare, and future health issues. Additionally, patients will receive personalized care tailored to the individual patient's data profile, increasing the likelihood of success (first time right). In essence, both patients and healthcare providers gain greater insight and autonomy. Additionally, it substantially reduces the workload of healthcare professionals.

Patients are empowered to take control of their health and well-being

The future of health technology and digital healthcare lies in an ecosystem where all health and care stakeholders collaborate within an open yet interconnected network. This network provides a combination of both digital, personal, and if necessary, physical care. It is supported by real-time and predictive insights, delivering the right information at the right time and place.

The result is an effective 'patient-centered' journey, where the patient is much more in control. Treatments are not focused on optimizing individual interventions, but on optimizing health from the perspective of the patient's daily life. Through digital tools and personalized insights and solutions, people (patients) are empowered to take responsibility for their health and well-being. This ultimately leads to a clear shift from providing care to preserving health in the long term.

Interested in hearing expert opinions surrounding this subject?

On the 10th of April, 2 PM CET our webinar titled ‘Health Economics’ will take place. Kevin Doughty will join us in the role of UK expert to share his vision and knowledge surrounding this topic. Kevin is an experienced consultant and educator with over 25 years of experience in the use and development of technologies to support independent living in older and/or disabled people. We are also delighted to have one of our customers joining us in this conversation, Audur Guðmundsdóttir. She is the team leader of Digital Care, Department of Welfare, City of Reykjavik, Iceland.

Interested in joining this webinar? Please register using the form below.

 

 

If you have questions before the webinar, please contact: Ikram Bechari, junior marketing coordinator, Evondos, ikram.bechari@evondos.com

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