Currently three costs overwhelm the delivery. All three will undergo change.
So far, R&D has been expensive and a billion-dollar business. It doesn’t need to be that way.
Today’s Gen-Y students can create anything provided you are able to excite them enough. Case in point: a 15-year-old created a cancer testing method that was 168-times faster, 400-times more sensitive and 26,000-times cheaper than medical standard. Give them these problems to solve. With problem-based learning (PBL), they can do wonders and can come up with new drugs faster and cheaper.
Thanks to technological innovation, production, warehousing and distribution are becoming effortless. This will help in getting cheaper drugs where these are required.
Currently, converting a 150-bed into a 300-bed hospital requires significant planning, finances and time. Because the equipment was bulky, hard to get by and was expensive. With technology, particularly wearables, making it all cheaper, smaller, and minimalist, it is now far easier. DIY beds, paperless environment, app-based diagnosis and treatment will make it easy for access to healthcare in large numbers.
Setting up a hospital, or a teaching hospital, used to be a gigantic task. Only governments, churches, billionaires or foundations could imagine setting up hospitals. No more. Anyone with access to people and social media can crowd-source funding for a new hospital or expanding it.
The innovation in building technologies allow to build hospitals in less time with less money. Moveable buildings will allow hospitals to walk to wherever there are roads and there are patients.
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