Investing in talent and tech to shape the future of affordable care

The healthcare landscape is rapidly evolving. With rising costs and access issues, there is an urgent need to re-imagine the delivery of affordable, quality care. Fundamental to this is recognising that care, in itself, is an investment – one that pays dividends in the long run through the creation of a healthier, more productive society.

Two key areas warrant strategic investment: Talent and Technology. Healthcare relies heavily on skilled talent. Yet, many countries face acute shortages across roles such as – physicians, nurses, technicians and more. The talent gap exacerbates issues of limited access and service quality.

Investing in robust medical and nursing education, attractive career pathways and upskilling programs for the existing workforce can help bridge these divides. Virtual teaching collaborations, vocational skilling drives and loan forgiveness schemes are all constructive interventions. Ultimately though, system-wide changes are needed to nurture talent at scale.

Equally vital is future-proofing healthcare through intelligent adoption of technology. From wearables monitoring patient health to robots assisting surgeries, technology is revolutionising care delivery. India’s health tech market is projected to reach a market cap of $25 billion by 2025. However, robust digitisation requires strategic investments in infrastructure and innovation. Nurturing a vibrant health-tech ecosystem with research grants, incubator networks and events can catalyse breakthroughs. Cross-sectoral partnerships between start-ups, academic institutes and healthcare providers can spur innovation while improving clinical outcomes.

Policy reforms equally matter by incentivising technology adoption. Schemes like the National Digital Health Mission that expand access to longitudinal health records can improve coordination and outcomes. Emerging technologies like AI and IoT also allow for predictive and personalised care models. India is piloting AI screening tools for diabetes retinopathy and breast cancer. Such intelligent systems can ease clinician burnout while expanding access. Prudent and collaborative policymaking is vital for balanced, ethical technological transformation.

At its core, future-proofing affordable care requires viewing it through an investment lens – one that focuses on both people and technology. The returns are multifold: trained medical talent, research breakthroughs, innovative care models and robust infrastructure. By taking an investment-based view, affordable care can transform from a reactive response into a strategic asset that delivers value.

The road ahead has plenty of challenges. Ageing populations, rise of chronic illnesses, climate change impacts on health – these require resilient and sustainable models of care. The Covid-19 pandemic has only underlined systemic gaps. However, it also demonstrated healthcare’s remarkable capacity to innovate on both the therapeutic and delivery fronts – from messenger RNA vaccines to telemedicine adoption.

Yatharth Tyagi
Director
Yatharth Group of Hospitals

Undeniably, the path to building robust and affordable care models entails political choices demanding multi-stakeholder action. But the payoffs make it worthwhile. Investing to shape healthcare’s future is to invest in national well being and prosperity. By empowering our people and technologies to drive access, quality and sustainability – we build the scaffolding for impact on scale. Strong healthcare systems are fundamental for thriving societies and economies.

Yatharth Hospitals believe in transforming the future of healthcare in Noida and beyond by investing in top-tier talent who will be enabled by world-class healthcare in order to save lives. With a focus on patient well-being, we foster a culture of innovation and compassion, ensuring that cutting-edge medical expertise translates to exceptional care for every individual. With a focus on research and development, we use technology as an enabler, aiding brilliant medical minds to push the boundaries of healthcare-related innovation.

Disclaimer: The views expressed in this article are those of the author and do not necessarily reflect the views of ET Edge Insights, its management, or its members

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