5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

[B-SIDE Podcast] Building stronger healthcare

by
August 7, 2023
in Stock
0
[B-SIDE Podcast] Building stronger healthcare













Follow us on Spotify BusinessWorld B-Side

How are Philippine hospitals evolving after the pandemic? What important lessons have they learned from the crisis? In this B-Side episode, BusinessWorld reporter Patricia B. Mirasol speaks with Eugenio F. Ramos, president and chief executive officer of The Medical City (TMC), about the importance of public-private partnerships, embracing technology, and addressing staff-related difficulties.

Continue to foster public-private partnerships.

The COVID-19 pandemic was a time for everyone in the public and private sectors to set aside their differences and work together, according to Mr. Ramos.

He said that such collaborations, which he called the “silver lining” of a “traumatic” period, need to continue.

“The Philippine healthcare system was really dismal,” he said. “The DoH (Department of Health) needed help. It wasn’t a time for appointing blame [but] for working together.”

TMC initiated calls with other hospitals to ensure that those who cannot be accommodated in its hospital can be sent elsewhere. “We had to collaborate in terms of providing healthcare to those in need,” Mr. Ramos said.

Such collaborations are also necessary because the likelihood of another pandemic lurks, he added.

The complex drivers of zoonosis – such as climate change, pollution, and disasters – are some of the reasons for emerging pandemic threats, according to Noel Lee J. Miranda, a consultant specializing in the topic.

The Philippines already has three viruses that are in the same family as pathogens identified by the World Health Organization as having “pandemic potential”, with a fourth one on the horizon.

Utilize technology for better decision-making and improved efficiency.

TMC’s enterprise – with its flagship complex in Pasig, Manila, four provincial hospitals, and over 50 clinics – is in varying stages of the digital journey.

The company started to use artificial intelligence (AI) for its diagnostic services such as mammograms.

It is also “getting into AI for its ECG (electrocardiogram) and echo (electrocardiogram),” Mr. Ramos said. It is not to replace people but to improve the processes’ efficiency, he added.

The secret to AI is people, according to an August 2020 article by Harvard Business Review.

Gaining a competitive advantage in AI requires transforming “the way companies do business so human resources can be augmented with machine power.”

AI can likewise be used to make faster data-driven changes, a 2023 McKinsey report noted.

“Post-pandemic, we have to prepare ourselves in terms of how we get data. Sometimes, the decisions may not be the best decisions, but those that are quick and helpful to the most number of people,” Mr. Ramos said.

Give staff good reasons to stay.

Healthcare staff are not commodities and should not be treated as such, Mr. Ramos said.

“Filipino nurses are the best in the world, [but] a lot have been siphoned off the country.”

The Philippines is the second-largest exporter of human labor in the world, a 2017 Human Resources for Health study found.

The World Health Organization has projected that by 2030, there will be a shortfall of 18 million healthcare workers in low- to middle-income countries.

The same McKinsey report noted that 39% of its respondents from seven countries plan to leave their jobs within the next three to six months.

Local hospitals need to give them better reasons to stay, said Mr. Ramos.

“Other than giving them a decent salary, empower them with better chances of mobility as far as the career is concerned… A lot want to stay because of their families here.”

Follow us on Spotify BusinessWorld B-Side

RGEntRibirthFURD

RELATED ARTICLESMORE FROM AUTHOR





Previous Post

Musk says fight with Zuckerberg to be live-streamed on X

Next Post

Feel the cyber thrill this August!

Next Post
Feel the cyber thrill this August!

Feel the cyber thrill this August!

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    PPE Medpro legal battle intensifies as civil servant admits approval ‘mistake’ over sterile gowns

    PPE Medpro legal battle intensifies as civil servant admits approval ‘mistake’ over sterile gowns

    June 13, 2025
    You can literally feel Apple’s new ‘F1: The Movie’ trailer starring Brad Pitt

    You can literally feel Apple’s new ‘F1: The Movie’ trailer starring Brad Pitt

    June 13, 2025
    High Court rejects challenge to Labour’s private school VAT policy, dealing blow to parents and schools

    High Court rejects challenge to Labour’s private school VAT policy, dealing blow to parents and schools

    June 13, 2025
    Building great leaders: how Chubb Fire and Safety is redefining leadership from the ground up

    Building great leaders: how Chubb Fire and Safety is redefining leadership from the ground up

    June 13, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.