Yoga, the ancient health discipline is gaining popularity and acceptance, globally. It’s attaining a significant space in the wellness industry. If we specifically talk about the United States, there are 55 million people who practice yoga. In fact, Yoga and Pilates are two of the fastest-growing disciplines to achieve holistic health.
About a decade ago, we have seen the big-box gyms dominating the fitness industry. In about $50/month, people used to get everything they needed to break the sweat. Today, the boutique studios have changed the face of fitness by bringing in unique ways of staying fit, such as Yoga, indoor cycling, boxing, Zumba, etc.
These days, patient care and healthcare outcomes go beyond outpatient treatment and medication. A nutritious diet plan, exercise, regular health vitals tracking, psychotherapies, etc. have become an essential part of the treatment plan. That is why healthcare providers are focusing on wellness programs that offer personalized care options to the patients.
Industry experts frequently speak about agility, as it has become the most popular buzzword nowadays. Agility, in simple terms, is the ability to use the fastest way to get new products to the market. This is the definition of agility in normal times, whereas the definition of agility for today’s environment when the world is fighting a global pandemic situation is quite different. Businesses today need to mobilize resources efficiently and effectively to ensure their survival.
Digital has the potential to completely transform the provider’s business and its operations through powerful and intelligent technology. Precision and genomic medicine, real-time clinical operation, virtual care, population health and care pathway orchestration platforms are rising and converging to form hyper-connected digital services and smart infrastructure that shape and form a new healthcare ecosystem.
Worried about their well-being amid the coronavirus outbreak, people are reaching out to doctors even for mildest symptoms. However, the lockdown protocol has limited people to step out from their homes and thus they look out for the alternatives to the in-person consultation session with physicians.
According to “National Health Expenditure”, spending growth of hospitals is projected to accelerate to 5.7% per year on average over 2020-27 due to increase in spending growth of all payers (and medicare in particular). Also contributing to faster growth over 2020-27 is somewhat higher price growth arising from expected increases in wage growth and tighter labour markets for healthcare professionals.
As the number of confirmed COVID-19 cases spikes, several countries have found lockdown as a solution to control this pandemic. As hundreds and thousands of people stay at home following this emergency protocol to prevent COVID-19 spread, they are avoiding visits to medical clinics or in-person physician consultation for acute illness.
The coronavirus outbreak, which originated in China, has infected tens of thousands of people globally. With over 153,648 confirmed cases across 146 countries, the World Health Organization (WHO) has officially declared it a pandemic. (Source)