Changing, Challenging Healthcare Industry In 2018

The world is changing. Changing at a much rapid rate than we would have ever foreseen. At the heart of this change is technology. Healthcare industry around the world is undergoing a tectonic shift- from traditional care to transformative care, backed by a strong support of technology.

Key pivots which would be major tenets for this change in 2018 and in the years to come:

People

With increasing consumerism, patients will take the driver’s seat of their own health, and will be at the center of the healthcare ecosystem. Healthcare would come to the doorstep of a patient rather than the patient going to the doorstep of a healthcare facility. The load of increased population across the world would as well enable this “Patient” / “People” centricity.

Data

With devices and sensors relentlessly acquiring patient information on a continual basis, Data will be one of the key healthcare drivers in the years to come. Comprehensive Health Records (CHRs) will soon be the norm replacing traditional Electronic Medical Records (EMRs) to accommodate multi-dimensional data from diverse sources including remote health and social determinants of healthcare. Clinical decision making would increasingly be based on such acquired data.

Technology

Emerging technologies like Artificial Intelligence (AI), Cognitive systems powered by Machine learning will unlock the value of the thus captured data. Clinical practices worldwide would start adopting technology as an enabler rather than a threat. Open source technologies like block chain, will help to address pertinent challenges related to data security, data integrity and data privacy.

In India, we find that healthcare needs are diverse spanning from primary care all the way up to tertiary care. Though healthcare anywhere is a necessity, in India, it comes packaged as a luxury in most cases. To combat the dual disease burden of India, innovative solutions, unconventional business models and unorthodox care delivery systems would be the key drivers in healthcare. Indian healthcare is on the cusp of a digital transformation – many a time leapfrogging the accepted models of even developed countries.

India’s digital connectivity is poised to grow at an accelerated rate from 30% in 2017 to 80% in 2034 thereby driving the following key trends:

• Flipped Care: Similar to trends around the world, focus is shifting from the provider to the patient. There will be an increasing power to digital technologies for remote patient monitoring at extended care facilities using Internet of Things (IoT), Connected devices and Wearables.
• Health on the Move: Mobile health is a major segment, with an estimated market size of 2083 crore INR in 2015 and set to rise to 5184 crore INR by 2020. Mobile solutions especially doctor-patient connects and those centered around the “Quantified self” will be a major growth segment.
• Front line innovations: Low-cost portable innovations to cater to the needs of our vast rural population will continue to be a major trend in 2018 and beyond. These products will help increase access by providing Point of Care diagnostics, tele and remote consultations.

We are focussing on addressing some of the burning healthcare issues in India by providing the latest technology enabled care to the masses. We specialize in bringing IoT to the foreground of the healthcare ecosystem, thereby generating true value of Connected Health services. Our primary focus is on Healthcare Screening Solutions to enable affordable, quality screening and early detection of risk factors, in a non/minimally invasive way. Our innovations are centered on compact, portable, non-invasive and point of care solutions that are anchored on Digitization, Connectivity and Monitoring.

We are working on technologies of tomorrow like AI, machine learning, deep learning, block chain to bring about a revolution in the Indian healthcare. We endeavor to leverage technology as an enabler to defragment the healthcare industry, and facilitate the transition of passive healthcare recipients to active value seeking customers.

Our products and solutions would re-imagine healthcare delivery by being:

• Preventive: Our Point-of-Care screening solutions, would help flag first signs of abnormalities that could potentially be halted via early interventions.
• Predictive: Our data driven diagnosis, will enable in early and effective detection of key trends in the health of a patient. Artificial intelligence based machine learning systems would enable in a more accurate prognosis.
• Personalized: Our virtual solutions would create additional “technology avatars” of care givers with linked force multiplier effect to cater to individual patient needs. Scarce resources would be better deployed at an optimal and efficient way to take care of individual needs of patients than a one care model for all.
• Participatory: Our integrated healthcare delivery system would connect rural areas to point of care there by democratizing the way healthcare is delivered. Population health management would get a boost via such solutions thereby enabling an overall improvement in societal health and wellbeing.