The economic imperatives for technology enabled wellness centered healthcare

Area of Science:

• Healthcare Economics
• Public Health Policy
• Digital Health

Background:

• Global healthcare spending is rising unsustainably, driven by aging populations and chronic diseases.
• Current healthcare funding models face significant economic challenges within the next decade.
• A shift towards wellness-centered care is proposed as a sustainable alternative.

Purpose of the Study:

• To explore the P4 (Predictive, Preventative, Personalized, Participatory) medicine approach for healthcare sustainability.
• To examine the role of connected health technologies in facilitating this transition.
• To guide public health policy towards wellness-based models and economic relief.

Main Methods:

• Review of the World Health Organization's 2020 report on healthcare spending.
• Analysis of the P4 medicine framework and its components.
• Exploration of connected health technologies for health monitoring and prediction.

Main Results:

• Connected health technologies can predict, diagnose, and monitor health parameters.
• Integration of these technologies with conventional methods is feasible.
• Wellness-based care models can alleviate economic burdens on managed care.

Conclusions:

• The P4 medicine approach, enhanced by connected health technology, offers a viable strategy for sustainable healthcare.
• Policy changes are needed to support the transition from illness to wellness-focused care.
• Proactive health management through technology can mitigate escalating healthcare costs.