The future of health is in harnessing data to deliver a personalized experience for patients and better outcomes.
The pandemic has demonstrated that health care organizations can become more resilient, agile and innovative if they shift to digitally enabled business models with data at the core, according to an EY report, “Getting future ready”, released at BioAsia 2022 – Asia’s largest Life-sciences and Health-Tech convention, taking place on 24 and 25 February. The report outlines how healthcare organizations must create the right data environment in order to support a more human-centered approach.
Hitesh Sharma, National Tax Leader -Life Sciences, EY India said, “Healthcare delivery is moving outside the four walls of the traditional health system. It will be easier for health care providers to connect with patients across the health care value chains and integrate the physical world with the virtual. Healthcare delivery in India, predominantly recognised for sick care delivery, will have to innovate in the coming decade to build next-gen capabilities, and unlock the power of data to enhance the overall healthcare experience.”
The paradigm of healthcare delivery has changed and is poised for major changes, especially after the COVID-19 epidemic. The shift to patient centricity, prevention and wellness has opened up new possibilities for reimagining the patient journey. Data analytics and the use of new technologies, such as artificial intelligence (Blockchain, Sensor, etc., can help to reimagine the patient journey. They are changing the entire product value chains. Globally, many pharmaceutical and technology companies are developing new solutions.
According to the EY report, good data is key to leveraging artificial intelligence. Healthcare organizations should consider creating the right data environment in order to support a human-centered approach. The report also examines five key trends in data to enable this transformation.