In an environment in which digital technologies challenge conventional business models and reshape the competitive landscape of many industries, existing businesses are able to proactively navigate change through collective innovation. This kind of strategic partnership lets businesses gain resilience and cost-effective efficiency, as well as a chance to reinvent themselves to drive business and society inclusive growth. Businesses will thrive and prosper despite disturbances in these iterative and collaborative relationships. Similarly, such an environment can be developed in healthcare, in which conventional models of functioning and disrupting can be replaced with collaborative models and an outstanding impact can be made.
A large clinical and innovation presence, substantial global visibility, a favorable capital flow balance and a wealth of talent undoubtedly offers a competitive advantage to India’s healthcare sector. In turn, India’s healthcare companies depend on factors that address patients and healthcare providers ‘primary needs. Collaborative models thus strengthen these factors and encourage companies to leverage the strengths and expertise of each other to develop products and services that help to solve various healthcare challenges in India and around the world.
Working for the nation’s greater good, Dr. Arjun Dang, CEO, Dr. Dang’s Labs, claims that a shared environment and mechanism will contribute to the higher patient impact and better quality that is the hour’s need. This would entail a mentality that is open to metamorphosis and well-acting testing pilot programs.