Charles Dalton’s Post

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Global Sector Specialist - Health. IFC

THERE IS NO MAGIC WAND! WE MUST BE BRAVE AND INNOVATE TO STRENGTHEN OUR GLOBAL HEALTH SYSTEMS As COVID confirmed, all health systems have their frailties. To provide those most in need with adequate access to high-quality, affordable care, we must shift the status quo. Let me be clear from the outset. When I refer to innovation, it is not just technology. Innovation in the health sector is much broader and requires us to step outside of our comfort zones and adopt new ways of thinking. The following strategies—when planned and implemented correctly—may be just what we need to steer our health systems in the right direction. 1. Embrace technology innovation. But, keep top of mind user adoption, recipient acceptance, and other people-related issues before implementing solutions or, benefits will be lost and unnecessary cost incurred. 2. Collect and use data correctly to really understand population demand and disease profiles. Payors and providers of services should develop new purchasing models based on data fact and not historical perspectives. 3. Develop new collaborative models between public and private sectors. Innovation in traditional procurement, contracting, and partnership performance evaluation will be highly beneficial. 4. Of course, learn from elsewhere but don’t just cut and paste since health system profiles vary by country. Understand the problem and adapt solutions to meet your needs. Also, look closer to home and you might be surprised at what innovation lies on your doorstep. 5. Understand that the component parts of services, people, financing, supply chain, technology, and policy need to align. Innovate beyond silos. 6. Don’t just train more health professionals. Leverage innovation to truly expand their skills and move away from historical stereotypes. 7. Experiment with more robust data collection, sharing, and interpretation as a way to improve outcomes, not just to cut costs. 8. Build new coordinated systems of care with the patient firmly in the middle. 9. Adopt a fresh perspective on financing. There are few quick wins in healthcare it takes time to mature. How can new models of financing unlock process efficiency, help improve patient outcomes and attain improved value for money. Innovative thinking is out there today. We just need to be smarter in how we harness and support it so we can transform our healthcare systems globally. Committed thinkers and entrepreneurs are ready to innovate, but to take advantage of what they have to offer, financiers, regulators, and governments must leave their comfort zones. The time to challenge the status quo is now.

Charles Dalton

Global Sector Specialist - Health. IFC

10mo

Yes. 100%. Leaders need to take risk and not stop sitting on the fence.

pandame DJAWOURGOU

Analyste projets

8mo

Thank you for this very rich sharing. many parameters to take into account for the success of a hospital project. We know that in several African countries the health insurance coverage rate is very low at the same time the population has very low purchasing power. At the same time, several pathologies require specific devices or equipment that are expensive. In order to stand out from other hospitals and be competitive, promoters are obliged to buy these equipment. So what arbitration should be done to make the project profitable in the medium term?

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Salim Hasham

Global Healthcare Executive;Board Executive Chair and Board Trustee; Faculty EMHA

10mo

Points well noted Charles and based on current experience and evidence. The key takeaway for me is leaders in the domains you note need to execute the innovations and take the requisite risks. Building the innovation culture has execution risks and opportunities and sometimes in the care delivery realm, it is a difficult journey that requires a deliberate prodding by trustees to encourage leaders to step out of the comfort zones.

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Joseph E. Williamson R.D.M.S.

Healthcare-Medical Imaging Consultant

10mo

Excellent Charles!I'm especially keen on "Don’t just train more health professionals. Leverage innovation to truly expand their skills and move away from historical stereotypes." Perhaps even appeal to healthcare facilities to establish and sponsor sustainable training in regions where it is severely lacking.

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Mostafa Hunter

Founder and President, Health Governance International LLC, USA

10mo

Totally agree Charles Spot on I think what we need is to have an opportunity-risk based approach while governing innovation and innovating governance. Help leaders manage the transition to leverage opportunities and manage risks. And yes, the time is now on thinking creatively on steering this process.

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Mofope Israel-Adegboye. PhD

On a mission to get young Africans to work and thrive.

10mo

Joy McKinnon Here, here! 😊 I love the tone of this message Charles Dalton

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Martin Ellis

"Making the Last Mile the First Thought" - Improving Global Health Supply Chains in Low Income Countries

10mo

Spot on Charles

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Lily Jin

Investor, Changemaker, Forbes 30 Under 30

10mo

Agreed! That is why inclusive healthcare in Asia works 🙌🏼

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Gabriela de Salles van der Linden

Venture Capital | Kauffman Fellow | Impact Seekr

10mo

Great points Charles Dalton, I couldn't agree more! thank you for sharing!

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Susan Henshall

Strategic Leadership | Partnerships | Policy | Innovation

10mo

We are 100% aligned Charles Dalton

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