Industry Innovation: How has COVID-19 Changed Global Healthcare?

December 11, 2020 by Christen Aldrich

Filed under COVID-19 for Employers, COVID-19 for the Workforce

Last modified December 22, 2020

According to this article from the World Economic Forum, while the COVID-19 pandemic has placed unparalleled demands on modern healthcare systems, the industry’s response has vividly demonstrated its resilience and ability to bring innovations quickly to market. While many industries are facing unprecedented disruption, medicine and healthcare are uniquely affected given the nature of this crisis. For example, pharmaceutical companies racing to develop vaccines must also manage complex supply chains, new models for engagement with healthcare professionals, a largely remote workforce, and continuous disruption to many clinical trials. Similarly, hospitals are caring for COVID-19 patients with evolving protocols while maintaining continuity of care for others, often with an overworked staff, supply and equipment shortages, and, for many, accelerating financial stress.

The article continues to provide examples of how the healthcare industry has produced inspiring examples of innovation in products, services, processes, and business and delivery models, often in partnership with other sectors. And given how fast recent changes have occurred, it is likely that parts of the healthcare ecosystem will continue to operate in different ways in the coming years.

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