TRANSFORMATIO

N IN HEALTHCARE
INDUSTRY
GROUP- 6
HISTORICAL WAY OF BEING
• The entire health history of an individual is distorted and unconsolidated- which leads to errors in
prescription of the medicine. Most people do not have access to past medical issues or the prescription
for the same. The diagnosis was intuitive. Improvements should be made in the efficiency in the detection
of diseases
• The gaps in the supply chain which results in delays of the medicines reaching the patients- the rural
market struggled with the procurement of medicines. Also rare medicines took time to order and then
reach the patient.
• The lack of development and self accountancy in the fitness sector. The concept of fitness did not exist
and within it technology was limited and sparse.
When making decisions in 2021, healthcare enterprises have to consider a range of healthcare challenges
that emerge with new technology and change the market practices. To thwart the challenges in healthcare, it
is essential they map their requirements and preferences of their consumers and based on that create an
implementation approach.
THE
PROGRESS
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OVERVIEW
• Accelerated digital adoption: Digital adoption has been a key factor driving change and
disruption across sectors, with logistics and supply chains being at the forefront. Automation in
the logistics sector has been rapidly adopted across both traditional and new age service
providers, with specialised warehouse automation or cold storage facilities, tracking and
monitoring of temperature sensitive cargo, on the move as well as the use of emerging tech like
AI, ML and IoT for crucial supply chains like vaccines and medicine transportation.
• Modern infrastructure and expansion of reach: With the adoption of technology, the Indian
logistics and supply chain is further being strengthened by focused infrastructure development,
with focus on rail and road transport. The expansion of reach, essentially brought about by the
massive vaccination drive, has further helped speed up the development and adoption of multi-
modal logistics and dedicated logistic parks with well- equipped cold storage facilities.
• Skilled and trained manpower: With the digital adoption, there is also a renewed focus on
training and up-skilling staff handling sensitive medical material, like vaccines and medicines.
This is an area that had been largely ignored in the past but given the national and global
emergency brought on by the pandemic, logistic service providers are focusing on up-skilling
and training staff –both on ground and managerial staff, on effective handling of life-saving
cargo, optimising tech-enabled warehouse and supply chain operations and focusing on digital
literacy for the blue-collar staff.
• Logistic start-ups and 3rd Party LSP: Along with a rise in organised logistics and
shift of established players towards cold supply chain, now termed as a ‘Sunrise sector’
for its potential growth, there has also been a number of start-ups who have risen up to
the current challenge and provide value-added and innovative services for logistics and
cold supply chain. From app based tracking and monitoring services to creating a
digital infrastructure for one stop shop solution for documentation, payments,
dispatches etc., the Indian start-up ecosystem is playing a major role in disrupting the
sector, for good!
• Policy push for FDI: Last but one of the most important impetus for growth of
logistics and supply chain is the recent government decision of conferring infrastructure
status to logistics as a sector and approval for 100% foreign direct investment (FDI) in
the storage and warehousing sector. This decision is set to enable industry players to
reach out to gain access to the much-needed funds for modernisation and expansion, at
lower rates, and longer tenures. This decision will enable companies in the logistics and
warehousing sector to access large sums under the external commercial borrowing
(ECB), at a lower cost, and longer tenure.
 Big data refers to a large volume of data. Big data refers to
information that is generated, stored, and analysed on a massive
scale that typical information storage methods can't handle.

BIG DATA The effort to digitise records and the rapid advancement of
medical technology has opened the path for big data to have a
significant impact in the field of health care. Big data is used by

DEPENDENCE
a variety of sectors to learn more about their customers and
adjust their products and services accordingly.
Patient medical records, hospital records, medical exam results,
and information acquired by healthcare testing machines (such
as those used to generate electrocardiograms, or EKGs) are all
examples of big data sources in health care.
IN THE FITNESS SECTOR
• The wearable technology has transformed the health care sector in terms of
tracking a person’s health. The product not only provide patient’s data from
remote locations which can be used by a doctor to examine but also helps in
tracking self-health by tracking user’s various physical activities like walking,
running, sleep cycle etc.
• It's ability to gather and manage huge amounts of data and transfer it through
wireless data transmissions like Bluetooth and WiFi over a period of time and
their minimal cost is the main reason for its acceptance and use in the health
industry. High tech medical products like Fitbit and other varieties of smart
gadgets have transformed the health industry.
IN THE SUPPLY CHAIN SECTOR
1. Segmentation - Leading companies segment their supply chains according to the characteristics of products and the
requirements of customers. They then develop forecasting, production, and distribution strategies for each category.
2. Agility - This means more than just being fast when there’s an emergency; it means building an operating model that
can better respond to demand shifts and customer wishes—at the same or even reduced cost like FMCG sector.
3. Measurement - Health-care companies have increased the transparency of their costs, including manufacturing,
transport, warehousing, inventory holding, staff, and obsolescence—moves that cut operational costs and optimize
route-to-market approaches and product portfolios.
4. Alignment - cost-effective supply chain, the health-care sector aligns around a single set of global standards that
support data interchange, processes, and capabilities. Doing so may increase efficiency and patient safety by making it
harder for counterfeiters to operate, by reducing medication errors, and by improving recall processes.
5. Collaboration – For successful collaboration projects, six essential steps can make the difference between a productive
collaboration and a frustrating one: companies collaborate in areas where they have a solid footing; agree on
sophisticated benefit-sharing models; select partners for the potential value of the collaboration, as well as their
capabilities and willingness to act as a team; dedicate resources to the collaboration and involve senior leadership in it;
jointly manage performance and measure impact; and start out with a long-term perspective.
CONCLUSION
•Health care organizations are transitioning to health IT systems
powered by cloud and data and analytics tools to enable real-
time, smart digital health. They are using interoperable data and
platforms supported by deep learning capabilities. They are also
applying virtual care, AI, and other technologies to personalize
medicine, enable real-time care interventions, and provide
behavioural nudges.
•While consumers are keen on future virtual visits, they are still
not completely satisfied with their interactions with the doctor or
clinician. Training personnel in building virtual interpersonal
relationships can be a major step toward improving consumers’
virtual visit experience.
•Combining the power of disruptive technologies with ecosystems
to create change and developing a framework of actions and
commitments can empower individuals to proactively manage
their health and well-being and foster a sense of community and
belonging.