Technology is making health care affordable and accessible

Accessible health care facilities and new quick fixes can be a blessing in disguise. Particularly in Tier 2 and 3 areas where there is still a shortage of medical professionals and services, which translates into a lack of preventive treatment and a delayed response that causes catastrophic situations. People in underdeveloped countries already struggle to pay for the most basic health services due to their unbalanced economic conditions. Making use of these cutting-edge technology-based solutions to improve human life may be their optimal use, given the continued presence of technology in almost everything around us.

A legal framework has been built in the health sector that is helping the use of digital technologies in a systematic and transparent way to make health services more accessible and less expensive for patients as part of the Digital India program. In addition, it aims to facilitate communication between customers (patients) and suppliers (hospitals, laboratories, pharmacies and drug manufacturers). Now, records of patients and health care providers can be maintained. By offering remote consultations and other services, digital technology also offers an alternative to in-clinic appointments, which could save patients money on travel costs.

The following sections describe how new technologies and new models are helping the health sector:

  1. Wearable and smartphone-based preventive care can be a game changer

The Indian market for wearable devices is growing. Around 3.5 million wearables were shipped, making India the third largest market after China and the US. Wearable and smartphone based healthcare will be a real game changer and how patients will get primary and preventive care in India. This growth may help patients to have constant monitoring of their vital signs.

If you own a smartphone, you essentially carry a high-tech mobile computer in your pocket. This is being used as leverage by tech companies to create mobile devices and apps that can transform your smartphone into a medical device. Despite having the ability to replace much larger and more expensive equipment. As a result, healthcare technology is cheaper with this method because there is no need to run to the hospital for a cold or flu.

  1. Digital health record to enable value-based care

Considering our population and digital health record initiatives, India has the potential to become one of the largest healthcare data centers in the world. This will help many studios and AI build predictive models.

The government is creating ABHA, the Ayushman Bharat Health Account (ABHA), which was previously known as Ayushman Bharat Health ID it was launched by the Indian government in 2021 and aims to provide a digital health ID to the population.

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This was launched by the National Health Authority (NHA), which is part of the Ministry of Health and Family Welfare. According to the government, ABHA is the “first step towards creating more secure and efficient digital health records for you and your family.”

  1. telemedicine

Telemedicine is a method of remote medical consultation that often involves speaking with a medical expert by phone or video. The field is still evolving. According to reports, more than a million patients have used telemedicine services in the last 12 months. The advantages of telemedicine are several. It is often less expensive than in-person appointments. It does not require sick people to risk endangering others by going out in public. In addition, it has the potential to improve access to health care for people confined to their homes. In addition, inhabitants of isolated localities. Those who do not have easy access to medical care. Although telemedicine has the potential to improve healthcare, it is now far from ideal. People should use telemedicine to reduce overall health care expenses.

  1. Emergence of Newage SurgiTech and asset-light company, cost-effective, patient-experience-focused approach

An asset-light model healthcare provider does not own the land or the building, which reduces your capital expenditure and requires a low investment for expansion. In 2020, we have seen many new companies spring up in this space. This allows for a shift to value-based care that lowers the cost of providing health care. Better patient outcomes and affordable costs, higher returns on investment for providers and insurers are anticipated in this value-driven health system, which will still include increased data-driven assistance for policymakers.

Advances in data science and predictive analytics

According to estimates, the healthcare predictive analytics market would grow from $3.74 billion in 2019 to $28.77 billion by 2027.

It can be difficult to compress all the data produced by people with chronic illnesses. However, due to the rapid advancement of data science and predictive analytics, clinicians now have access to deeper insights, including the ability to identify patients at high risk of developing disease and collect data on genealogy and family history.

How technology is making healthcare accessible for India’s medical travel industry:

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With the improvement of technology and the availability of highly qualified doctors, India is becoming a preferred place for medical travellers.

People who want to travel to India for its medical facilities have always found it to be the ideal place. They choose India because it seems to be a more affordable option than expensive medical services in Western and European nations. Things seem to be moving in the right direction thanks to recent initiatives like “Heal in India” Campaign.

As the world becomes more accessible on a daily basis as a result of the pandemic, the travel industry is emerging from the shadows. There is a resurgence in the tourism, health and hospitality industries. Many industries have been forced to go digital during the pandemic and move their manual activities online. As more and more businesses began to use the different web services they needed to continue operating during Covid, technological advances increased.

According to government statistics, as many as 495,056 people traveled to India in 2017 for medical treatment. According to government data from 2020, more than 55% of all foreigners who traveled to India for medical treatment were from Bangladesh. She was followed by people from Iraq, the Maldives, Afghanistan and Oman. The medical travel industry is developing on a global scale. The Global Market Insights report estimates that the market will be worth over $10 billion by 2023. The Indian government is now putting more emphasis on the $60-80 billion global market for medical tourism. According to a strategy paper released by the Indian Ministry of Tourism this year, this number is based on an estimate of approximately 14 million medical travelers crossing borders each year.

Conclusion:

The future holds a transformation. Currently, all industries are incorporating new technologies and this trend will continue to accelerate. For the foreseeable future, the health sectors will generate many opportunities.

The country’s health and medical travel industries will eventually be able to match the highest levels of international standards of excellence. The multiple initiatives being undertaken in this area by the public and commercial sectors point to a prosperous future for India’s health and medical travel industries.

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Disclaimer

The opinions expressed above are those of the author.



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