The global healthcare sector continues to experience strong growth, yet significant challenges remain in areas, such as lack of accessibility,
rising cost of care, labour shortage, inconsistency in care standard, and inadequate communication and patient journey, resulting
in long-lasting, and in some instances, crippling socio-economic issues. Technology adoption and integration, supported by policy improvement
and talent development, are undoubtedly amongst the key strategies for overcoming these challenges and they form the very foundation
of the sector’s transformation. The Covid-19 pandemic in recent months has inevitably exposed or amplified many of the underlying
“pinch points” of healthcare systems around the world. However, it has also served as a stark reminder of the importance
of innovation and cross-sectoral collaboration, not to mention it is accelerating the pace of digitization in healthcare and other industries.
Whilst priorities, such as patient safety and care quality, are shared by providers and operators across the globe, affordability remains
one of the most prevalent and challenging issues faced by Emerging Markets in South East Asia, where a large proportion of the population
struggles to access quality care and financial support. Patchy insurance coverage, coupled with financial illiteracy and lower bank account
ownership, means that many patients in those markets are unable to benefit from novel therapies and financing options. Consequently, they
are often burdened with high out-of-pocket payments, impacting adherence and their overall quality of life. Therefore, innovative, efficient
and patient-centric support systems must be put in place to help improve the level of affordability and accessibility.
With that mission in mind, we have established the HFA to connect like-minded individuals and organisations in the creation of a
technology eco-system that encompasses the industry, academic research, investment, entrepreneur and patient communities
in the region and beyond. With our partners and capabilities, we are well-positioned to help you develop your idea
into working scalable solutions to improve and democratise healthcare.