Innovation and Entrepreneurship in Healthcare

This presentation discusses the importance of innovation and entrepreneurship in the healthcare industry. It focuses on the innovation of telehealth and its benefits, such as improved access to care and increased practice revenue. The presentation also highlights the risks associated with telehealth, including data breaches and fraud. Overall, it emphasizes the need for innovation in healthcare to provide effective and affordable services to individuals.

INNOVATION AND
ENTREPRENEURSHI
P IN HEALTHCARE

 Innovation plays an important role for success and growth of
enterprise in future period of time. It refers to bring something
new in order to for making effective products as well as services
within marketplace. The healthcare innovation assesses
innovative health policies, products as well as services in order
to improve the health of person at marketplace. In addition to
this, the scholars examined that how they opportunities in order
to generate the products which is useful in future period of time.
In this report, the innovation is take place on” Telehealth” It is
useful in offering health related services such as medical care,
education provided to patient, health information services as
well as digital communication technology for delivering
effective facilities related to health to individual person of
society. The main motive is to provide qualitative health care
facilities to its customer in short span of time.
INTRODUCTION

NEED OF INNOVATION
 It is necessary to bring innovation in order to bring
effective healthcare facilities to individual person
at affordable cost
 The innovation brings advanced technology that
provides appropriate information related to health
of person in society.
 Innovation helps health practitioner in
implementing different technique in order to
provide health care services to persons in easy
way.

TECHNOLOGICAL INNOVATION
 In this report, the innovation of telehealth is undertaken. The health
practitioner bring major innovation of implementing
telecommunication technologies in order to provide support to
long-distance patient, health related education to the individual
person of society. In addition to this, they use different kind of
technologies such as videoconferencing, streaming media as well as
internet in order to provide effective health care facilities to its
patient. Apart from this, they also offer services in remote areas in
order to give treatment to individual person in better way. In
addition to this, due to this innovation the health practitioner offer
professional education, counselling as well as occupational therapy
in order to provide protection to the individual person form any
health issue occurs during the period of time.


PATIENT PORTAL
 The patient portal helps the patient in updating
their health issues in order to inform the health
practitioner about their problems. Through this
portal, it is easy for individual person to inform
their issues to its doctors in an effective manner. In
addition to this, it helps the practitioner in
maintaining the record of every person. And also,
they update their portal time to time in order to
collect the information related to health issues of
individual person of society. This is the excellent
way of maintaining the record related to its patient
in timely manner.

TELEHEALTH
 Telehealth helps the specialist in providing the
treatment to its patient in an effective manner by
enlarging their reach. They offer wide range of
health care services to its customer as well as
providing the information to its patient that helps
them in giving treatment in an appropriate manner.
Therefore, this innovation is very useful in order to
improve the health of person of society. In addition
to this, the specialist focuses on providing
qualitative facilities to its patient in suitable
manner.

BENEFITS OF TELEHEALTH
There are various types of benefits of Teslehealth services to an individual person which
is going to be mentioned below:
Advance new business model: This model is useful for advancing the services related
to its patient. In addition to this, the specialist offer online services to the individual
person in order to treat them in an appropriate manner. It also assists in enlarging the
patient based in order to increase sales as well as profitability level in future period of
time.
Expand access to care and reaches more patient: The major advantage of
implementing Telehealth is it helps the specialist in reaching the patient in rural areas for
providing effective health care facilities to its patient. In addition to this, the tool is
adopted for offering information for reaching wide range of person in innovative way.
Increase practice revenue: The innovation named as telehealth is taking less time for
both specialist as well as patient. It also helps in attracting ample of buyer in order to
gain competitive advantage at marketplace.
Cuts patient cost: Furthermore, the patient spend too much money and time in order to
provide effective health care facilities to its customer. But, by using this technology, the
patient can save time and money of an individual person. It also the specialist in
increasing sales as well as profitability level during the period of time.

RISK ASSOCIATED WITH TELEHEALTH
There is different type of risk that is associated with telehealth which is
important to consider that is given below:
 Standard of care: There are different type of rules and regulations
in respect of standard of care which must be followed by practitioner.
These standards are changing frequently that obsolete the technology
in quick way can be considered as a threat for business organisation.
 Data Breaches: All medical information is regulated under laws and
legislation such as HIPPA and COPPA. Therefore, it is the internet
based plans so there is a risk of loss of effective information related
to patient.
 Fraud and abuse: The fraud and abuse is another risk which is faced
by specialist as well as patient within market. There is a brief
guidelines and suggestion related to medical facilities provided to its
patient. Sometimes breach of these rules and regulation can be
considered as a risk for practitioner.

 From the above mentioned report, it has been
analysed that it is necessary to bring innovation for
success and growth of business organisation.
Herein, the innovation which taken place named as
Telehealth that provide effective health care
facilities to its patient in order to treat them in
better way. It takes less time in treating as well as
less money is spend in order to implement
technology at marketplace.
CONCLUSION

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