A new study from Frost & Sullivan — Global Assessment of Telecommunications Service Providers in Healthcare — indicates that some telecommunication service providers have been able to achieve success in establishing working business models in the healthcare market.
Telecommunication providers are looking to be active participants in driving technology in healthcare — as well as government initiatives to improve efficiency and resourcing — to make the most of government backing while regulating an environment of profitable projects, Frost & Sullivan said Tuesday.
Competition has formed as more than a handful of multinational telecommunications companies are looking to branch out into the Asia-Pacific markets.
Frost & Sullivan Connected Health Senior Analyst Natasha Gulati believes that building what she calls “an ecosystem of services” is the key to success.
“Communication service providers are opportunistic in that they seek out products and services that are comparatively easier to monetize based on government priorities and reimbursement policies in the region,” said Gulati.
“Such products and services lay the foundation for sustainable revenues while more innovative pilot projects are tactics to underline their presence in healthcare, serving as a demonstration of the need for technology adoption.”
Frost & Sullivan said traditional telecom services have made a considerable impact in the healthcare system, matched by the current innovations of companies partnering with businesses and universities to gain access to projects and services.
Gulati advised that the ideal strategy is to establish networking with partners.
“The idea is that software vendors, mobile app companies, medical device companies, pharmaceutical participants and hospital chains, among others, can deliver holistic solutions to consumers in the Asia-Pacific market.”