Go and google “What is HealthTech” and you will be inundated with definitions. In its simplest form, HealthTech describes the use of technology in the delivery of healthcare.
We face a number of problems in the healthcare industry today: ageing population, longer life expectancy and increasing chronic disease. Our healthcare system is decent, but it’s still broken. We live in an age where all information is literally at our fingertips, and many patients want to be more engaged in their healthcare regime.
Health data needs to be more accessible, secure, and compatible than ever before. Also, Doctors need to suddenly start thinking more about the business side of their clinics. Patients aren’t happy to wait diligently to be blessed with the presence of the GP, nor do they want to just do what they’re told. Not even the physician can escape the need to deliver better customer service. Doctors are being paid pretty much the same as what they were getting 10 years ago, so they need to work out ways to justify charging more to the patient for an out of pocket expense.
We need to care for more people, do it in an efficient way yet still make it profitable for the providers, and deliver better patient outcomes. Whether directly or indirectly, technology is seen as a way to address all of these issues and save the day.
If only it was that simple…
Peter Birch has worked in management roles in healthcare organisations for over 15 years; big ones and small ones, innovative start ups and slow moving beasts, he’s seen all different kinds. Pete has experienced first hand the exciting developments and the frustrating stagnations of all the ups and downs in health, as well as the impact to businesses, investors, doctors, and patients.
About Talking HealthTech
This is a podcast of conversations with all kinds of players and influencers in the Australian healthtech scene today. It’s a bringing together of minds in an effort to connect the dots, promote good ideas, progress innovation and motivate change.