Telemedicine, also known as telehealth, is a remote two-way communication between healthcare providers and patients using electronic means. With telemedicine, one can book an appointment, have a consultation and get medical advice over the phone, tablet or PC.
The coronavirus pandemic has exposed a lot of people to the power of technology, thereby creating more awareness about digital healthcare. Telemedicine not only serves as an avenue to protect patients and health care workers, it also helps to manage resources.
Data from the World Health Organization (WHO) reveals that Nigeria’s physician-to-patient ratio is four doctors per 10,000.
With Telemedicine, a solution has been provided to reduce the shortage of doctors as the platform not only allows access to doctors around the country but also from anywhere in the world.
The number of patient visits to medical facilities has been drastically reduced with the help of telemedicine. Telemedicine has drastically cut down the time it takes to see qualified doctors to minutes. The technology basically brings the doctor to the comfort of the home saving time and money.
One of the driving forces behind telemedicine is the rising cases of Covid-19 infections across the globe.
The Business Research Company states that the global telemedicine services market is expected to grow from $39.3 billion in 2029 to $48.3 billion in 2020. This shows a compound annual growth rate at 23%. This is mostly due to the lockdown in various countries due to the Covid-19 outbreak and the preference for contactless medical services.
One of our portfolio companies, Helium Health has become the leading provider of full-service technology solutions for healthcare stakeholders in Africa. They are helping to boost operational efficiency with their range of technological healthcare solutions. An example of such is the helium tele clinic, a platform that enables health providers to have televisits with their patients saving time and giving an opportunity to earn more revenue.
“It has never been more imperative for Africa to build a modern and digitized healthcare system,” – Adegoke Olubusi, Co-founder and CEO, Helium Health.