APAC CIOOutlook

Advertise

with us

  • Technologies
      • Artificial Intelligence
      • Big Data
      • Blockchain
      • Cloud
      • Digital Transformation
      • Internet of Things
      • Low Code No Code
      • MarTech
      • Mobile Application
      • Security
      • Software Testing
      • Wireless
  • Industries
      • E-Commerce
      • Education
      • Logistics
      • Retail
      • Supply Chain
      • Travel and Hospitality
  • Platforms
      • Microsoft
      • Salesforce
      • SAP
  • Solutions
      • Business Intelligence
      • Cognitive
      • Contact Center
      • CRM
      • Cyber Security
      • Data Center
      • Gamification
      • Procurement
      • Smart City
      • Workflow
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Artificial Intelligence

    Big Data

    Blockchain

    Cloud

    Digital Transformation

    Internet of Things

    Low Code No Code

    MarTech

    Mobile Application

    Security

    Software Testing

    Wireless

  • E-Commerce

    Education

    Logistics

    Retail

    Supply Chain

    Travel and Hospitality

  • Microsoft

    Salesforce

    SAP

  • Business Intelligence

    Cognitive

    Contact Center

    CRM

    Cyber Security

    Data Center

    Gamification

    Procurement

    Smart City

    Workflow

Menu
    • Cyber Security
    • Hotel Management
    • Workflow
    • E-Commerce
    • Business Intelligence
    • MORE
    #

    Apac CIOOutlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIOOutlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    Towards a Cost-effective Healthcare

    As digitization is all set to revolutionize the healthcare industry, it has the potential to reverse the ever-increasing costs and also have a positive impact on the industry in terms of bringing in innovations.  

    Towards a Cost-effective Healthcare

    By

    Apac CIOOutlook | Thursday, January 01, 1970

    Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.

    When it comes to the rest of the economies, the healthcare sector has grown exponentially. Reports suggest that the landscape grew by 818 percent during 1960-2010 while when it comes to the gross domestic product, it increased by 168 percent with a 16 percent increase in the wages. This has also given rise to the healthcare spend incurred in the US that has gone up by 18 percent of GDP, which according to experts is in a very high proportion. The entire world, not just the U.S., sees this growth in the healthcare space. The question that arises is—how can the healthcare sector be spared from the significant cost increase?

    The answer is digitization. As digitization is all set to revolutionize the healthcare industry, it has the potential to reverse the ever-increasing costs and also have a positive impact on the industry in terms of bringing in innovations. But the predicament here is that the healthcare space is far behind the curve of digitization.

    According to experts, the weight of the healthcare industry would be shifted significantly by the disruptive and innovative technology in the near future. There are two prominent factors today that holds back the digitization of the healthcare sector. The first one is that people don’t really trust the novel technologies existing in the space and secondly, the existing rules and regulations of the healthcare system are not quick in order to accommodate the new technology. The only way to reduce the costs is that while novel technology improves the diagnosis and medical treatment of the existing diseases, technological innovation must be enhanced which will lead the way towards cost-effective healthcare.

    Check out: Top Revenue Cycle Management Technology Companies

    More in News

    Real-Time Insights Fueling Smarter Brand Strategies

    Real-Time Insights Fueling Smarter Brand Strategies

    Transforming Retail: The Impact of VR and AR in Asia Pacific

    Transforming Retail: The Impact of VR and AR in Asia Pacific

    Enhancing Customer Satisfaction through Omni-Channel Payments

    Enhancing Customer Satisfaction through Omni-Channel Payments

    AI's Role in Apac's Digital Transformation Journey

    AI's Role in Apac's Digital Transformation Journey

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Copyright © 2025 APAC CIOOutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    Home |  CXO Insights |   Whitepapers |   Subscribe |   Conferences |   Sitemaps |   About us |   Advertise with us |   Editorial Policy |   Feedback Policy |  

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/towards-a-costeffective-healthcare-nwid-5388.html