ACCESS Health Southeast Asia recently hosted an event at SGInnovate, with support from EDB, to discuss the digital health ecosystem in Southeast Asia and Singapore’s potential role in the region in connecting researchers, entrepreneurs, and healthcare institutions using real world data. The event featured Health Catalyst, a US-based data driven outcome improvement company which IPO’ed in July 2019.
5 key takeaways from the event:
- Health Catalyst surmised that there is a high probability that, most diseases will be preventable, treatable, and curable in the next 10-20 years. The challenges are not going to be about scientific discoveries but how this will be done on a global scale.
- Big data is everywhere, in large organizations, governments, and hospitals but there are still many of challenges to make all health data measurable. In the U.S., only 8% of data required for driving outcomes of health is captured by electronic medical records.
- Data from financial systems needs to be integrated with the clinical data in electronic medical records to drive change and to identify the financial implications that have been made.
- Governments, insurers, investors, financial institutions, start-ups and private companies all need to be engaged to help solve the challenges in building a digital ecosystem.
- In the future, community health workers will be able to connect patients in remote areas with clinical trials across the world, giving patients access to the most innovative treatments.
We are excited to see what the next few years bring as this digital health ecosystem develops and grows.
