Data-driven Approach Can Bring More Transparent and Sustainable Healthcare Pricing Model (BioSpectrum)

June 14, 2021
Posted in Media Coverage

In conversation with, • Farhana Nakhooda, Senior Vice President, Asia Pacific, Health Catalyst • Dr Hong Huei Lee, Chief Operating Officer, Smarter Health

As the world grapples with an ageing population and high incidences of chronic diseases. the gaps in healthcare have prominently surfaced. A corresponding step in rebooting healthcare seems to be the only way out. Health outcomes can be improved through data-driven approaches for the long-term sustainability of the healthcare ecosystem at a convincing cost of care delivery. Eminent industrialists from Singapore Healthcare ecosystems, Farhana Nakhooda, Senior Vice President, Asia Pacific, Health Catalyst along with Dr Hong Huei Lee, Chief Operating Officer, Smarter Health share their expertise on reducing healthcare waste and expense reduction.

How can data-driven approaches to healthcare bring greater transparency and help standardise healthcare pricing?

Global healthcare providers have long been grappling with operational and systemic inefficiencies. The concept of unwarranted variations in care delivery has been discussed for years, but it remains one of the biggest opportunities to improve outcomes while reducing healthcare waste and cutting costs. These variations in the provision of care ultimately contribute to the increase in the cost of healthcare and insurance premiums…

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