“Efficacy describes the technical relationship between the technology and its effects (whether it actually works), whereas effectiveness concerns the extent to which application of an efficacious technology brings about desired effects (changes in diagnoses, altered management plans, improvement in health)…Efficiency is an economic concept which relates efficacy and effectivness to resource use. Assessment of efficiency is concerned with whether acceptable efficacy and effectiveness are achieved with the most prudent or optimal mix or resources.
Attended the Health 2.0 conference in Bangalore over 7 & 8 February that had some very thought provoking sessions on the way technology is shaping the way forward for the healthcare industry. Also did a live coverage of the event on twitter (ab_aditya) in form of public notes. Here’s a summary:
- The industry is focusing on preventive care driven by advances in technology, particularly cloud, mobile devices, sensors & genomics
- A lot of useful technology already exists and the industry needs to integrate these to create meaningful solutions through collaboration among the various stakeholders
- Challenges include reaching out to the masses untouched by healthcare, providing leave scale quality service with empathy & improving the efficiency of the ecosystem
- Regulators & governments have a very important role to play at the current inflection point in removing obstacles to innovation
- Startups in the West are focusing primarily on consumers, while most in India are targeting healthcare professionals