Digital transformation is a chance to improve the healthcare sector by lowering cost and improving quality of care.
Herrmann M and team conducted a study to determine the transformation in the healthcare sector by looking at various stakeholders, such as life sciences, technology, and start-ups. The study also evaluated the strategies used by the stakeholders in reference to theirdigital transformationinthe healthcare sector.
The study was an internet-based observational study. Using Forbes 2000 and CB insights databases, 100 leading technologies, life science, and start-up companies in the healthcare sector were identified. A systematic analysis was performed to evaluate the project for digital healthcare transformation by these companies using the criteria, such as the delivery of patient value, presence of a comprehensive and distinctive underlying business model, solutions provided, and customer needs.
The databases identified 400 projects from these corporations. Established corporations were involved in the incremental innovation of their current business models, while start-ups were engagedin exploring new market segments with notable transformations in the established business models.
The study concludes that collaboration of established corporations with start-ups provides a digital and value-based transformation in healthcare. This also keeps the investment at bay by lowering cost and improving quality of care. Additionally, the regulatory knowledge from established corporations may help the start-ups to begin digital disruption in healthcare sectors.
Reference:
Herrmann M, Boehme P, Mondritzki T, Ehlers JP, Kavadias S, Truebel H. Digital Transformation and Disruption of the Health Care Sector: Internet-Based Observational Study. J Med Internet Res 2018;20(3):e104.