Mahmoud Khattab on the Global Healthcare Insights in 2021

The world is going digital. Advances in technology and digitization are changing how we work, live, and play. This shift is accelerating the pace of change in the healthcare industry. The growing prevalence of digital technology, digitization, and the Internet of Things (IoT) is accelerating the digitalization of healthcare. The convergence of various digital technologies, artificial intelligence, big data, and the Internet of Things will lead to a more interconnected digital world. The pace of change is accelerating, and the medical industry is no exception. Health care costs are rising, and the industry is under pressure to deliver affordable care at a lower cost. The industry is also facing increasing regulatory pressure, especially in Developing Countries. Mahmoud Khattab, CEO of Global Healthcare Insights, discusses the impact digital technology and digitization will have on healthcare in the next decade.

  1. CEOs Look to New Markets for Growth Opportunities

Over 60 % of CEOs expect their firm’s growth to come from new markets. This indicates that many CEOs are eager to expand into new regions and countries to increase market share, capture new economies of scale, or gain a competitive advantage. This growth will require additional human resources. Developing and maintaining relationships with customers, suppliers, and partners is critical in the digital era. Many CEOs expect to face increased competition from digital providers. Mahmoud Khattab says that the health care sector is likely to experience similar growth and digitization trends, and that the industry will need to adapt to thrive.

  1. Workforce Climbs the Priority List; Cost Cutting Falls

The health care industry is expected to be one of the fastest-growing industries in the next decade. The industry will require many new workers, and many CEOs expect to face increased competition from digital providers. To maintain or increase market share, many CEOs are looking for ways to modernize their workforce. Developing and maintaining relationships with customers, suppliers, and partners is critical in the digital era. The rapid pace of change will require the health care industry to adapt its workforce to embrace digital technologies and new business models. Get to know Mahmoud Khattab on Healthgrades