Just like other industries, the healthcare sector is facing big changes. Recent developments, for example, have seen technology playing an important role in transforming the industry. Mobile technology resulted in the development of medical devices that enable physicians to do remote monitoring of patient conditions. Meanwhile, the emergence of wearables fueled further the popularity of home healthcare management and observation.
Big data is also altering the healthcare environment. More accurate diagnoses are made as all pertinent patient information and medical records become readily available. More studies on predicting epidemics, finding a cure, and improving the quality of life, are being conducted, too.
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But amid all the changes and developments in the healthcare industry, innovative ideas remain the biggest source of disruption. And innovation entails more collaborations among medical institutions, the academe, governments, and the private sector, resulting in products and services with far-reaching impacts. For instance, the South Korean company CHA Medical Group, under the leadership of its chairman Dr. Kwang Yul Cha, is strengthening its foothold in the field of biomedicine with more groundbreaking studies in infertility and stem cell. Ultimately, its goal is the construction of a “Bio City,” a place with world-class contact research organizations, pharmaceutical firms, bio companies, a general hospital with over 1,000 beds, and a state-of-art life center that will be the hub of wellness for its residents.
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The growing demand for better medical care is forcing the healthcare industry to step up its innovation game. While transforming the healthcare industry may be a tall order, those who are ready to embrace the challenge only have a bright tomorrow to look forward to.
Learn more about the efforts of Dr. Kwang Yul Cha and CHA Medical Group in transforming the healthcare industry in Korea and globally by following this Facebook page.