Nov 20, 2011

Taiwan - New technology transforms health care industry



The China Post news staff--Health care systems around the world are undergoing fundamental changes, according to PwC Global Healthcare Leader David Levy, who was speaking in Taipei at a seminar organized by long-term care provider Asia Best Healthcare.

During his presentation, Levy highlighted three major forces — regulatory reform, revolution in care and personalized medicine — which are driving change in the health care sector.

Regulatory reform is emerging as all populations demand quality health care at a reasonable and sustainable cost, said Levy. Government and health leaders are looking for cutting-edge solutions that don't repeat the mistakes of mature systems.

A revolution in care is being driven by technology that is eroding traditional models and shifting toward delivery of care anywhere and the empowerment of individuals, Levy said. Health systems worldwide are working to develop a patient-centric health economy that is consumer-driven, as seen in other industries. Consumerism will transform how health care is directed, delivered and financed in the coming years, according to Levy.

Impact of New Science

Advances in science are being driven by a new understanding of genetics care and cures that are transforming the practice of medicine and the nature and pace of innovation. This new science will be the core of health care that is more personalized, predictive, preventative and participatory, enabling the focus to shift from treatment of diseases toward an emphasis on prevention, wellness and health, said Levy.

PwC Asia Healthcare Leader Ronald Ling, who was also attending the seminar, shared the Asian perspective that Asia is well positioned to draw on global trends and emerging best practices as it develops its health care system.

In addition, from a local perspective, PwC Taiwan Healthcare Deputy Leader Lily Wong highlighted market opportunities for Taiwan's pharmaceutical and medical device companies ready to adopt a “faster, better, cheaper” mindset, given their particular competitive advantages and deep understanding of the China market.



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