With technological advancements in recent years, the Philippine healthcare system stands at a pivotal point in innovation, and it should expect continued and improved access to health and quality care. Even though there has been significant traction over time in terms of telehealth, the healthcare system needs to extend far beyond virtual consultations.
Current gaps in Philippine healthcare
Since the country is still facing deep-rooted challenges in terms of accessibility, affordability, and infrastructure, it is high time for some innovation and opportunities to reach rural areas. However, this can only be achieved with the collective effort of government, businesses, and civil society.
Till now, several cases have been recorded each year where many patients could not get access to treatment in time due to the long processes and the distance between rural areas and urban health centres.
Even though the telehealth solution emerged during COVID-19, the stark disparity in healthcare access is due to the complexity of telehealth, as it can not fully address the needs and changes in rural or isolated areas. This necessitates the need for a solution that would be more inclusive and can be integrated with digital health records, remote monitoring, and mobile health units to reach underprivileged populations.
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There are still major gaps in healthcare innovation, which paves the way for opportunities to bring in solutions like digital health technologies to monitor patients remotely. Such innovations can be useful in ensuring continuity of care for individuals suffering from chronic diseases or who do not have access to immediate medical interventions during emergencies.
Further innovations can reduce the time needed to integrate patient data and the redundancy of the processes for improved services and coordinated processes.
A new dawn of innovation in Philippine healthcare
With digital platforms, AI-driven diagnostics, and other solutions, tech startups in the country can truly change the face of healthcare in the Philippines. However, scaling up and making a real impact will be difficult for these startups without support or funding.
Investors can help drive the growth of healthcare tech solutions, leading to better healthcare outcomes and aligning with global trends focused on digital health and impact-driven ventures.
To gauge the current challenges and the opportunities for innovation, join us at Echelon Philippines 2024 for a panel discussion on ‘Driving Innovation in Philippine Healthcare: Opportunities Beyond Telehealth’.
Scheduled for September 27, 2024 at Level 2, SMX Convention Center Manila, this session is set to explore innovative solutions that are not just limited to telehealth and extend to other opportunities in the healthcare sector while highlighting the need for collaboration between the public and private sectors.
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The panel discussion will be moderated by Amanda Cua, Founder and CEO of BackScoop, and will feature thought leaders such as Ramesh Rajentheran, CEO and Founder of MiyaHealth; Arvind Appavu, Deputy Managing Director of Pulse 63 Healthcare Ventures; Jessica de Mesa-Lim, CEO and Co-Founder of Kindred; and Hamilton Angluben, Founder and CEO of Kwik.insure.
Be a part of the event to explore the innovations and possibilities in healthcare in the Philippines and the scope of growth and investments. With the industry leaders leading the panel discussion, the event provides the ideal chance for professionals and stakeholders who seek to understand the future of healthcare.
To learn more about the event, read the details about Echelon Philippines 2024 here.
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