Disruptive and Deliberate Innovations †Free Samples to Students

Question: Discuss about the Disruptive and Deliberate Innovations. Answer: Introduction Medical and healthcare sector is regarded as the largest transformational sector across the globe (Frost, 2017). This sector focusses on the optimization of health management systems for effectively reducing the burden of diseases and associated adversities across the community environment. The public as well as private organizations across the healthcare sector mutually collaborate with each other in the context of accomplishing the patient care requirements (Frost, 2017). The technological enhancement in the medical and healthcare sector has led to the substantial development of digital health, health data science, healthcare business models and interventions as well as scope and outlook of the Healthcare MD Industry (Frost, 2017). Innovation in the healthcare sector attributes to the requirement of the systematic utilization of the open networks and collaboration with outside service providers for accomplishing individualized healthcare requirements of people of various age groups and geographical confinements (The_Straits_Times, 2017). The configuration of strong internal networks by healthcare organizations is highly warranted in the context of safeguarding their confidential patient data and streamlining the process of revenue cycle management. Internal networks in any healthcare organization require configuration in a manner to enhance the wellness outcomes (The_Straits_Times, 2017). Healthcare networks also assist in the organization of health education sessions with the objective of improving the patient's compliance to the recommended treatment modalities. The management of chronic disease conditions requires the systematic development of electronic medical records for efficiently tracking and recording the confidential patient details as well as the healthcare outcomes (The_Straits_Times, 2017). The business model innovations in the healthcare system focus on the development of qualitative products and medical devices at reduced cost in the context o f facilitating their cost-effective and equitable dispensing among the masses irrespective of their socioeconomic statuses (Srinivasan, 2013). With the advent of technological innovation in the healthcare sector, nurses and paramedical professionals have gained expertise in terms of undertaking complex medical interventions that were previously performed by the certified providers. These innovations include the prescription management as well as a PICC line placement procedure administered in the hospital setting (Srinivasan, 2013). The research and development interventions in the healthcare sector proceed with the data analytics approaches with the objective of enhancing the healthcare outcomes at minimum cost (Raghupathi Raghupathi, 2014). The advanced data analytics strategies facilitate the effective capture, evaluation, management, distribution and storage of health information across the medical facilities. The algorithms and statistical tools developed by healthcare researc hers and scientists assist in enhancing the design and structure of clinical trials, patient recruitment approaches and the analysis modalities and mechanisms requiring implementation at the clinical research sites (Raghupathi Raghupathi, 2014). The big data tools utilized in analysing the healthcare research data include the Hadoop Distributed File System, Hive, Jaql, Zookeeper, Lucene and Avro. Singapore healthcare system evidentially plays a significant role in the promotion of the latest medical advances and innovations for the systematic reduction in the disease outcomes (How Fock, 2014). Singapore government undertook several measures with the objective of developing the specialized medical interventions and training sessions for postgraduate medical students in the context of facilitating the systematic enhancement of its healthcare system. The establishment of coordinated systems between the physicians and nurses, by the Singapore government assisted in integrating the healthcare systems across the primary and secondary medical facilities (How Fock, 2014). The Singapore healthcare system assists in improving the healthcare innovations with the objective of enhancing patient satisfaction rates as well as community health outcomes. The healthcare system in Singapore is based on private and public sectors that offer healthcare affordability while extending the healthca re plans attributing to Medisave , Medishield Lifeand Medifund (Picco, et al., 2016). These healthcare plans assist in reducing the social and economic burden of the elderly patients who require health insurance assistance for receiving the treatment of their chronic as well as traumatic disease conditions. General Factors in Industry Sector Innovation The NSI (National Systems of Innovation) in Singapore is a developmental tool utilized by the Singapore government with the objective of fostering the healthcare innovation in the medical facilities (NRCC, 2012). Singapore governmental agencies facilitate the regional socioeconomic development as well as technology commercialization for providing healthcare advantage to the patient population. The systematic commercialization of healthcare technology assists in effectively managing the patient care costs and improvement in the quality of medical interventions in the clinical settings (NRCC, 2012). The Singapore government undertakes several healthcare measures including the revival of healthcare policies, medication interventions, healthcare promotion and planning programmes, communicable diseases prevention interventions, nutritional approaches and epidemiologic investigations warranted for the systematic improvement in patient care outcomes (Jahncke , et al., 2010). Governmental ag encies in Singapore support and facilitate the organization of health education programmes in coordination with the private foundations like Temasek and Shaw for enhancing the quality of healthcare innovations and associated wellness outcomes (Jahncke, et al., 2010). Healthcare open innovations adopted by the Singapore healthcare sector focus on preventing the progression and establishment of various communicable as well as non-communicable diseases across the community environment (Lim, et al., 2014). The Centre for Healthcare Innovation in Singapore undertakes the responsibility of organizing health exhibitions, conferences, incentive-based sessions as well as simulation labs with the objective of motivating the healthcare personnel for continuing the process of medical research and development (Grosse, 2017). Ideas for various healthcare innovations emanate after undertaking the systematic analysis of established disease patterns across the Singapore population. For example, the prevalence of pandemic outbreaks in Singapore motivates the healthcare professionals in terms of initiating research and development interventions warranted for configuring integrated surveillance systems required for challenging the establishment of infectious disease s (Lwin, et al., 2017). The MediShield insurance in Singapore provides healthcare coverage to more than 93% of its population (Minh, et al., 2015). This insurance plan majorly assists the patients affected with various catastrophic conditions and associated health adversities. MediShield plan minimizes the scope of cash payment by the treated patients and offers maximum protection for the elderly individuals as well as permanent citizens (MOH, 2014). The CPF (Central Provident Fund) Board administers this healthcare plan and assists in hassle free administration of the treatment interventions including chemotherapy and dialysis. Residents in Singapore remain entitled for attaining healthcare benefits across the public hospitals as well as the selected wards in private medical facilities (MOH, 2014). Consistent healthcare assistance for the patients helps in improving their quality of life and reducing their length of stay in the clinical settings. The absence of patient empowerment in Singapores healthcare system proves to be the greatest barrier to the healthcare industry innovation (Gee, 2012). With the advent of technological innovation and multiple stakeholders in Singapores healthcare sector, medical professionals require developing holistic, person-centred and community based approaches for improving the level of participation of patients in the process of their medical decision-making (Gee, 2012). Another barrier to healthcare innovation includes the medication errors that significantly influence the quality of patient care in the medical facilities. Therefore, nurse professionals require improving the level of their coordination with the physicians and other members of the healthcare teams in the context of reducing the scope of any misinterpretation of the providers prescription and the occurrence of associated patient adversities (Bunting, 2012). Innovation Activity in the Healthcare Sector (Key Players in the National System of Innovation) The key players in Singapores national system of innovation include the multinational companies that effectively collaborate with the governmental agencies for the systematic enhancement of the public healthcare outcomes (Lethbridge, 2011). Various financial organizations as well as property dealing companies in Singapore have shown tremendous inclination towards undertaking financial investments in the national system of healthcare innovation. The association of these multinational companies with Singapores healthcare system is based on their long-term collaboration with the public healthcare systems. The companies including Capio, ISS healthcare, Fresenius, Parkway Holdings and BUPA prove to be the major stakeholders in Singapores healthcare system because of their strong association with the public sector. Additionally, various pharmaceutical companies as well as laboratory settings cater the requirement of medicines, medical equipment and diagnostic interventions and therefore pr ove to be the key players in Singapores healthcare system. Some of the key stakeholders in Singapores healthcare system advocate the requirement of undertaking preventive interventions for reducing the onset and establishment of age-related cognitive decline among the elderly individuals (Setia, et al., 2011). However the stakeholders require collaborating with the clinical settings in the context of partnering with the families of demented patients with the objective of improving their healthcare outcomes. The stakeholders, caregivers, administrators, community workers, researchers, policy-makers and physicians continue to emphasize on the societal implications of various mental disorders among the elderly individuals requiring evidence-based mitigation for reducing the burden of psychosocial complications and associated clinical manifestations in the elderly population (Setia, et al., 2011). Barriers and Key Issues related to the Healthcare Sector Innovation The greatest barrier to healthcare innovation in Singapore attributes to the level of disparities experienced by the migrant population in the healthcare settings (Ang, et al., 2017). Migrant workers experience psychosocial adversities that potentially restrain them in obtaining medical assistance. The financial constraints experienced by the migrants also restrict them in accessing the healthcare facilities for obtaining the healthcare benefits (Ang, et al., 2017). Furthermore, the absence of healthcare knowledge and awareness regarding funding conventions as well as public healthcare policies also leads to the inaccessibility of patients to the desirable healthcare units. Healthcare industry players rarely emphasize the requirement of configuring systematic decision-making systems and the accomplishment of the treatment challenges and individualized healthcare requirements of the patient population (Griva, et al., 2013). This resultantly impacts the quality of patient-care outcomes across the healthcare settings. The lack of appropriate governmental funding in the configuration of customized healthcare approaches for the elderly patients leads to the deterioration of their quality of life and wellness outcomes across the community environment. The absence of community-based, holistic and person-centred healthcare approaches in Singapores healthcare system leads to the substantial reduction in patient satisfaction rates. Eventually, this reduces the level of trust and confidence of the treated patients on the recommended treatment interventions. The development of a systematic patient-centred healthcare process is highly warranted with the objective of effectively overcoming these healthcare barriers and associated challenges in the medical facilities. Conclusion The prospective innovations requiring implementation in the Singapores medical and healthcare sector include the skills enhancement of the medical professionals for reducing the scope of treatment errors and associated fatalities. The Singapore government requires developing prospective strategic plans for strengthening its healthcare economy in the shortest possible timeframe. Educational enhancement of registered nurses as well as physicians is highly warranted with the objective of catering to the healthcare requirements of the elderly population. Medical teams require developing their skills and collaboration in the context of minimizing the progression and establishment of chronic disease conditions across the community environment. The shortage of human resources in the healthcare sector needs due consideration by the healthcare agencies for effectively streamlining the medical management of various debilitating disease conditions. Research analysis of the pattern of infectious and communicable diseases is necessarily warranted by the medical professionals with the objective of reducing the establishment of pandemic outbreaks. Singapores healthcare system requires establishing healthcare norms and conventions for increasing the accountability of medical professionals in terms of minimizing health adversities and maximizing the wellness outcomes across the population of interest. The development of the latest diagnostic tools and techniques (by the medical professionals) is required for enhancing the quality of primary healthcare interventions through the acquisition of appropriate diagnoses. The non-governmental organizations, financial companies, independent medical practitioners, schools, colleges, governmental institutes, hospitals, clinics and skilled nursing facilities require undertaking effective collaboration with the objective of improving the quality of healthcare approaches and minimizing the treatment challenges across the medical facilities. The development of prospective healthcare innovations requires additional funding by the government and private sectors while concomitantly reducing the scope of treatment bias and associated inadequacies. Singapores healthcare system needs to ascertain the equitable administration of medical interventions to the population of all age groups in accordance with their healthcare challenges as well as treatment requirements. References Ang, J. W. et al., 2017. Healthcare-seeking behaviour, barriers and mental health of non-domestic migrant workers in Singapore. BMJ Global Health, 2(2). Bunting, R. F., 2012. Healthcare innovation barriers: results of a survey of certified professional healthcare risk managers. Journal of Healthcare Risk Management, 31(4), pp. 3-16. Frost, 2017. Transformational Health. [Online] Available at: https://ww2.frost.com/research/industry/transformational-health/ [Accessed 30 08 2017]. Gee, T., 2012. 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