Despite our civilization coming so far with its advancements, we are still not at a point in time where we would have the tools and techniques needed to significantly improve our medical industry to the point where there was no disease we couldn’t cure. And it was only after we became the witnesses of the disaster from the coronavirus that we were met with the harsh reality of how far behind we are in the medical world.
Some of the most common problems in creating innovative means of improving treatment range from medical errors, which are actually accounted to be the eight leading death causes in the United States – threatening the economic future of businesses, governments, and individuals.
Whats worse is that around 40 million people in the United States do not have health insurance. To understand some of the challenges that the medical industry is facing, here are a few examples we have shared with the public.
Funding
Innovation represents two types of financial challenges within the healthcare industry- funding for the development of the innovation and finding an investor who will be willing to pay for the product or its services.
The problem with this process is the amount of time it takes for investment in new therapies and drugs that require approval from the FDA.Venture capitalists that back IT start-ups might be able to get their money in a few years, but biotech firm investors need to wait about a decade before they can even find out if the product will even be approved or not.
Policy
Regulations set up by the government can either aid innovation or completely disturb its process. That is why it is important for innovators to understand that there is an extensive network of regulations that tend to affect specific innovations, including the rules that are modified and applied.
But despite these struggles, there is still hope within the healthcare industry. For example, professionals in the industry like Dr.Bayo Curry-Winchell are working towards a better future for the healthcare sector.
As a highly accomplished physician, medical contributor, public speaker, and social influencer, Curry-Winchell has been offering her expertise and skills within different areas of the medical sector in hopes of creating permanent change that can lead towards medical progress.
As the founder of Beyond Clinical Walls, Curry-Winchell uses a series that works to provide health information in snippets in order to enhance the health literacy rate while simultaneously reducing health inequities in the process of doing so.
Curry-Winchell even volunteers as the Assistant Medical Examiner with the Washoe County CARES program. Around this time, she would work on examining the victims of child abuse.
Aside from managing her roles and responsibilities, Curry-Winchell also spends her spare time working with community healthcare leaders, like pastors and priests since the beginning of her medical career in hopes of building trust within the BIPOC community and also help in empowering minority groups – who were victims of COVID-19 information – with the proper knowledge that is essential for everyone to be aware of.