Over the past century, we have observed a leap in medical advances: from novel drug discoveries and diagnostics to the digitalization of various health services. However, there is still a lag in delivering these outstanding innovations to the more marginalized section of the world. And to bridge the gap between healthcare advances and individuals in need, the WHO introduced the social innovation in healthcare initiative in 2014. But, what is social innovation, and how does it help our concern for healthcare advancement? Let's find out.
Social Innovation can be understood as the creation and implementation of new and effective solutions to solve social or environmental problems. These solutions may not necessarily be introduced as national policies. As long as such solutions meet the current social needs better than their predecessors, any government and non-government entity can propose them.
The healthcare sector around the world faces the challenge of rising healthcare costs, an aging population, poor and inconsistent care, and inaccessibility to timely care. It may be shocking to know that nearly 15% of patients admitted into a hospital suffer an adverse effect post-treatment. Moreover, 10-20% of all these effects come about due to medication errors.
As a boon, social innovations offer us an alternate perspective to the challenges we face in the healthcare system. They are based on the belief that people from all walks of life have the ability to comprehend their health and know the best way to address the problems they face.
The beauty of social innovation in healthcare is that it can take several forms. Innovation projects can be in the form of processes (like effective care pathways), products (digital applications), marketing (social finance tools), behavioral practices (person-to-person service), or new policies.
The vision of advanced healthcare is driven by the convergence of four major trends that are continually tracked and updated for best results. These include:
Social Innovation can help make healthcare more valuable, inclusive, and affordable. The integration of data and analytics into patient management can help healthcare providers monitor patients, enhance operational procedures and accurately track treatment and treatment costs.
In the past, healthcare institutions and professionals mostly worked in isolated silos of practice, which disconnected various information sources, such as pharmacies, health and medical records, patient services, and payments. Fortunately, healthcare providers can deliver better quality and more coordinated care due to the increasing digitization of healthcare services.
But, social innovation in healthcare goes beyond simple medical solutions. It does more than enhance the public and private sector health delivery capacity or create a more resilient healthcare system. It empowers individuals and communities to improve their quality of life and achieve equal access to healthcare independently. By combining various aspects of technology, business, medicine, and social care, social innovation aims to change the social relationships among people.
At MIT ID Innovation, we aim to create contemporary innovators and empower them to excel in the political, social, economic, and technological framework. Through our flagship program, we take a comprehensive approach to innovation and combine design, technology, business, and humanities with the aim to build a strong foundation that can help deliver effective solutions.
We offer vital innovation courses offline and online to people from creative, technical, and social science backgrounds. If you are someone who wants to challenge the very archetype of evolution, apply at MIT ID Innovation today.
Everyone in business has encountered the phrase "continuous innovation" at some point. Buyers of modern devices, such as automobiles, want to know that the most recent model includes all of the most recent available safety and convenience features.
Innovation is more of a daily action required for a business to propagate and be successful. In this era of urbanization, it is a daily challenge to grow and innovate. Any business cannot thrive until it has unique concepts and ideology to attract potential customers. Many businesses and organizations have managed to carry out several activities to encourage innovation among the employees and firm’s ideology.
To run a successful business, one should have something different and better to offer. This calls for the application of innovation in your industry. Business leaders need to adopt innovative ideas to ensure long-term sustainability in the existing business environment. The various system innovation examples help us learn more about the importance of modernization in today’s business world.
MIT ID Innovation Programme curates knowledge and experiences that challenge the very paradigm of evolution. And that's why we have set out to define the future of industries, communities, cities and ecosystems.
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