FUTURE OF HEALTHCARE IN INDIA – THE MEDICAL VERTICALS

HEALTHCARE TO CULTURE TOMORROW

Featured Writer - Amit Rao

Life Sciences, Healthcare, and Biotechnology

The pandemic session mirrors the potential of healthcare and there is a dire need to innovatively transform healthcare infra, structural, and technology. To know what tomorrow’s healthcare aspects look like, the need to understand its three major verticals, Life Sciences, Healthcare, and Biotechnology, which are often assumed as one.

THREE MEDICAL MAJORS - Life Sciences, Healthcare, and Biotechnology

Life Sciences relates to the study of the living organisms and their behavioral changes concerning the conditions of the surroundings, or associated factors that cause changes in the living pattern of the living organisms. The medicine formulations are done on the information authenticated by the Life Sciences bodies. Life Sciences include Healthcare, Biotechnology, Pharmaceutical, and Medical devices.

Biotechnology

It is a combination of natural science and science engineering. It uses the knowledge of Life Sciences to engage tech tools to improvise the health of living beings.

4 Types of Bio-Technologies

• Medical Biotechnology,
• Environmental Biotechnology
• Industrial Biotechnology
• Agricultural Biotechnology

Biotechnology also helps in keeping costs in limit and prevents wastage.

Healthcare

Refers to the health-related services provided by healthcare institutions, Hospitals that have in-house professional medical staff including healthcare professionals. Together, these professionals work in restoring patients’ health back to normal or attempts are made utilizing the biotechnology tools in minimizing the conditions of the patients.

In India, it is the bitter truth that even minor conditions lead to patient death. The reason behind the high fatality in India is the shortfall of medical facilities.

But one thing that is been mostly ignored by many is the lack of medical history of the patient. If this data is available with the medical staff that is attending to the patients, it makes the direction of treatment quite clear saving time, then performing the tests to know about the condition of the patient.

Keeping this point also in the mind, the Healthcare Think-Tanks are molding the Future’s Healthcare treatment where medical data are the spine of tomorrow.

What can you expect to see tomorrow?

Healthcare Data-Sharing - Unification of patient’s medical information for easy reference, saved in a secured platform for -

- E-Health Records - Diseases, Tests, other details
- Insurance - Claims

Data Accessibility – Medical records of patients, shareable by any hospitals, hospice, or medical set-ups across the globe to know about the patient’s medical history. Helpful in minimizing the cost of tests and better understanding patients’ previous health conditions.

Accessibility At Par – The health records are to be accessible to all that will be kept on secured third open sources.

Consumer Play – patients/individuals expected to be more health pro, self-reliant, and will have controllership of the basics of health care like lifestyle changes, dietary options, nutritional intake, etc.

Filling Technological Gap – The deficits between the current biotechnology technology and the upgraded technology in Healthcare/Life sciences/Bio-technology, are expected to fill in by Healthcare tech investors. The race has already begun.

The true utility of technology is to be experienced soon in the healthcare sector, which is to pivot upon real-time evidence-based data. The data here signifies that the patient’s health details are kept in the record by the healthcare Institutions, which will serve as the base for the statistical reporting like the prevalence of particular disease demographic wise. It’s the Medical set-up, where the Doctors and medical staff will have much ease in deciding the course of treatment to be carried referring to these patients’ medical history that will be available online on secured platforms.

The life sciences and health care industries have been not so prompt in using the medical records of patients, due to the lack of system connectivity, and low credibility of data.

We are about to adopt advanced biotechnology to transit towards, a patient-centric care model, where all forms of health aspects related shall concentrate on patients’ needs and avenues that ease dealing with the healthcare of humans.

The related healthcare variables also include recruitment of medical professionals, medical specialists, talents, and skills that are efficient in utilizing the novel technologies, building on the conclusion of the Life Sciences and biotech blend.

Healthcare Data management/ Medical Information of patient records will be a vital seed in setting Artificial Intelligence (AI) into play, facilitating real-time evidence-based data of patients to bring down the cost of healthcare expenses.

Digital transformation in health care cultures promises affordable and cost-effective treatment that is more patient-centric. With the advent of new and deadly virus variants, a necessity-based push in the expansion of Life Sciences industries is speculated to arise.

End-to-End patient-inclined healthcare model is expected to spin in the future.


Featured Healthcare Writer – Amit Rao

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