The Healthcare industry has been one of the most severely impacted industries by the Covid-19 pandemic.
Improvements in operational and financial transformation have been necessary for the industry to succeed.
Demand for non-Covid-19 related medical care plummeted as patients postponed elective care in attempts to avoid contracting the virus. Healthcare professionals were also prioritising their focus on dealing with the pressing issues of the pandemic. The long-term effects of this period for other conditions will surely be borne out in future years.
Healthcare now has an opportunity to innovate and revitalise itself going forward in the wake of the pandemic. Remote working, virtual medical appointments combined with a shortage of supplies and staff have caused huge challenges over the past two years. However, they now present opportunities for the sector. The change in consumer preferences, clinical innovation and ground-breaking new digital technologies will all encourage an ever-increasing pace of this change.
Increased public attention and Government recognition will also help to increase awareness and tackle underlying public health issues. In order to capitalize on this opportunity, companies in this sector will need to respond quickly.
