Digitalization to Advance Thailand's Hospital System
BANGKOK, May 4, 2021 /PRNewswire/ -- YCP Solidiance recently published a new white paper titled "The Future of Smart Hospitals in Thailand: How Digitalization is Transforming Thailand's Hospitals System," highlighting that smarter hospitals and more digitalized systems can help address Thailand's issues of an aging society, increasing healthcare costs, and continually changing medical needs.
Since 2019, the country's healthcare costs have exceeded its per capita GDP growth and surged by 21% within four years. Total health expenditure had also significantly grown from THB 359 billion in 2015 to THB 436 billion in 2019. A "smart hospital" can be defined as a hospital seeking to improve ongoing patient procedures and develop new capabilities by counting on optimized and automated processes of the ICT ecosystem, specifically the Internet of Things (IoT).
As hailand enters an aging society, the country is expected to reach a 0.3% population growth rate in 2024, with more elderly people and more complex healthcare needs. Adding to that, the country lacks human resources and is constrained by infrastructure limitations.
Digitalization is viewed as one of the best approaches to address this issue while meeting immediate needs and helping achieve long-term goals.
Key Takeaways to Implement Digital Technologies
To succeed in embracing digital solutions, healthcare providers should consider these steps:
Opportunities in Healthcare Provision
Technology is essential to enable digitalization in healthcare, which includes recommendations to focus on:
YCP Solidiance is an Asia-focused strategy consulting firm with offices across 17 key Asia Pacific cities and other regions, advising its extensive client base with a broad spectrum of strategic consultancy areas, identifying breakthrough growth opportunities, and developing execution-ready strategies and roadmaps. For more insights on how digitalization can help create a brighter outlook for smart hospitals in Thailand, download our white paper here.
SOURCE YCP Solidiance
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