December 20178 Digital Technology in Healthcare: Enabling Paradigm Shift in Healthcare DeliveryBY DR. AMIT VARMA, CO-FOUNDER & MANAGING PARTNER, QUADRIA CAPITAL Globally, the healthcare ecosystem is witnessing a paradigm shift in the way the services are being delivered and consumed. With the advent of technology and data, healthcare landscape is witnessing the rapid emergence of new businesses which are focused on delivering affordable patient-centric healthcare solutions with the potential to be easily scaled up. In the last two years alone, over 500 start-have ups emerged in the healthcare sector in India itself, with their presence spanning across the entire patient lifecycle--from engaging and enrolling the patient, to treating and managing them. This emergence of new age healthcare businesses is being driven by the underlying need to provide empowerment, convenience and enhanced experience to the patients; and the proliferation is fuelled by technology and entrepreneurship.To simplify the entire understanding of the changes in healthcare ecosystem, we can look at three convergent forces which are re-shaping the industry and are opening-up new avenues for players. These transformative forces are causing industry players to increasingly focus on the predicative, preventive, personalized, and participative form of treatment, and bring in shifts in the design, delivery, and financing of healthcare and to the healthcare experience. Powerful elements such as social networks, innovation, technologies, data analytics, new industry players and a maturing consumerism have set the ground for a revolution in the global healthcare systemIn MY View
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