In a world where the amount of data generated by the healthcare sector is overwhelming, it's surprising to discover that 97% of this data goes unused.
What if we could effectively harness this enormous mass of health information to improve treatments and cures, as well as optimize scarce resources in healthcare systems that are in a critical state across the world?
The answer to this question lies in digital transformation and the focus on VBHC (Value Based Healthcare). This is the premise driving a new initiative by the World Economic Forum, which seeks to improve patient care by leveraging the power of data generated and integrated throughout the healthcare system.
Latin America is no stranger to this digital healthcare revolution. With an immense amount of data generated per second, estimated at 2.3 zettabytes up to 2020, the region is in a unique position to leverage this enormous mass of information and improve the quality of medical care.
Amidst this revolution, at Avedian, we are leading the adoption of artificial intelligence to integrate this generated information and provide each sector of the healthcare ecosystem with an adapted solution to make actionable decisions to improve services provided to patients.
Some of our technological solutions based on artificial intelligence, Hosdatia (Hospitals and Clinics), Insuria (Health Insurance) and Pharmia (PharmaLabs) empower the healthcare system in Latin America to make more efficient data exchanges, allowing healthcare professionals, hospital administrators, and insurers to improve their operations, make more informed decisions, and achieve their goals.
The ability to integrate artificial intelligence into the healthcare system not only improves operational efficiency but also has the potential to lead to more effective treatments and cures. By streamlining scarce resources and optimizing medical care, at Avedian we are contributing to achieving the goal of universal health coverage, established as part of the Sustainable Development Goals for 2030.
Addressing Global Healthcare Sector Challenges
In the changing landscape of global health, the need for efficient and value-oriented healthcare systems is paramount. The increase in complexity, lack of coordination and standardization, and the enormous potential of health data underscore the urgency for transformative change. Leading nations, including the G7 and G20, recognize the importance of health data and emphasize international cooperation for digital health and data utilization.
The COVID-19 pandemic has demonstrated the importance of rapidly collecting and understanding vast amounts of health data to manage the spread of a virus. However, it has also highlighted the challenges related to access, privacy, and interoperability of health data. Overcoming these challenges is crucial to harness the potential of data and digital solutions in improving healthcare.
In this Regard, a Collaborative and Multidisciplinary Approach is Needed to Foster a Fair and Equitable Digital Health Ecosystem. Creating this Ecosystem Requires Cooperation from Organizations across all Sectors and Geographic Regions, and the World Economic Forum is Playing a Crucial Role in this Process.
The effective utilization of health data and digital solutions has the potential to transform the global healthcare sector and improve the health and well-being of people everywhere. At Avedian, we want to empower the entire healthcare system; we know it’s time to join forces and work together towards a future of more efficient, equitable, and patient-centered healthcare.
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