Healthcare sector needs to evolve

UNSURPRISINGLY, healthcare has been identified by the Committee on the Future Economy (CFE) to be a key growth cluster in areas of scalable technology, wearables and solutions in predictive analytics and disease prevention, and has been earmarked for an Industry Transformation Map (ITM).

For healthcare in Singapore, similar to other developed and emerging economies, the pressure to ensure accessibility, affordability, quality and sustainability, while leveraging technology if possible, will be as great, if not greater, in the coming year. This will likely be reflected in the upcoming Budget 2017 announcement .

As healthcare moves into the future, the quest for quality and affordability continues to be the key driver for transformation. There are four shifts in the global arena which could directly support this move, perhaps even changing the way we think about these issues.