More public-private collaborations can bolster digital health strategies around the world

Only 15% to 20% of healthcare initiatives have private sector representation around the world.

Digital health has presented opportunities for growth with a pivotal network that spans the world, making public-private collaborations essential for the growth of the sector.

In a report, the World Economic Forum (WEF) said only 15-20% of healthcare initiatives have private sector representation over their steering leadership currently.

Meanwhile, developing countries have been more proactive in digital strategies for transformative healthcare, contrasting that with efforts from the US and EU. Data is one prominent transformation component that can drive healthcare strategies.

WEF said several innovations to accelerate digital health, and most partnerships are instigated by public agencies, multilateral organizations, civil society, and related academia.

The lack of collaboration between the public and private sectors, any progress in the healthcare sector will depend on digital maturity, specific challenges, and established systems in each country. 

ALSO READ: Taiwan, EU continues cooperation on medical devices quality regulation

In that situation, developing countries will require a firm technology foundation and a flexible healthcare system to address incentives and mechanisms for payment. But in major economies, interoperability will entail a stronger more private-sector engagement to address the gaps in the fragmented healthcare system.