The Pandemic and Society 5.0
Technologies in healthcare—telemedicine, mobile health apps, AI-driven medical devices, digital therapeutics, etc.—are a product of a variety of factors such as patient demographics, health policies, social change, and education. The Pandemic has pushed us into the 5th Industrial Revolution, often referred to as the rise of a super-smart society.
Society 5.0 is more conscious, digitally aware, and freer than ever before. People have become healthcare consumers. With this shift, they expect to be more actively involved in their treatment journeys.
Healthcare providers can prepare for this digital shift by updating their vision, strategy, and action plans.
Healthcare Providers Must Nurture Their Digital Capability
According to the Future Today Institute, strategic planning for the future should include imagining possible scenarios and developing strategies to connect those scenarios to the present.
With this in mind, technology and science trends that may affect healthcare providers include DIY health, direct-to-consumer healthcare models, home therapy, and prevention-oriented care. Additionally, the P4 medicine approach (predictive, personalized, preventive, and participatory medicine) indicates a bigger role for telemedicine, digital therapeutics (DTx), and patient monitoring systems. When it comes to adopting these technologies, healthcare providers must be clear on what technology is needed to achieve a desired set of outcomes.
HCPs should also prioritize careful and strategic procurement over knee-jerk spending,
suggests Claudia Pagliari, World Health Organization Expert and Technical Advisor in Digital Health.
Trustworthy and dependable DTx can be advantageous when integrated into a methodical change management plan that establishes strong digital governance and increases digital knowledge among healthcare personnel and patients.
These improvements can still be made incrementally. But that may soon change as we are increasingly experiencing new factors that accelerate disruptive innovation:
- increasing price sensitivity due to higher patient cost sharing,
- moving to bundled payments and Accountable Care Organizations,
- the decline in physician private practice and increasingly transparent prices, and
- the shift toward value-based care.