What does future leadership look like in the Health industry?
Leadership in Australia’s Health industry will be characterised by a focus on innovation, sustainability, wellbeing and an integrated approach to patient care. As the industry continues to evolve rapidly due to technological advancements and changing demographics, health leaders need to embrace digital health solutions, including telemedicine, AI-driven diagnostics, and data analytics. These technologies will be essential in improving patient outcomes, reducing costs, and increasing access to healthcare services, particularly in rural and remote areas.
Moreover, the importance of sustainability in healthcare will grow, including transitioning to renewable energy sources, reducing waste, and promoting sustainable practices among healthcare providers and patients. Leadership will be more collaborative, building partnerships across industries, including public health, technology, and community organisations. The increasing complexity of healthcare systems and the focus on preventive care and chronic disease management will require leaders who can work across disciplines and organisations to deliver integrated, patient-centred care.
Exposure to mental health issues
Mental health continues to be a significant issue in Australia, with 43% of Australians aged 16-85 having experienced a mental disorder at some point. This statistic underscores the need for targeted mental health services and support within the healthcare system (AIHW, 2024).
Unlocked through AI and technological integration
A new report by Microsoft and the Tech Council of Australia shows generative AI could contribute $45–$115 billion a year to Australia’s economy by 2030 via improving existing industries and enabling the creation of new products and services (Microsoft, 2023).
Healthcare productivity growth
Between 2011 and 2018, Australia's healthcare sector saw an annual productivity growth rate of 3%, making it one of the most productive healthcare systems globally. This trend highlights the efficiency of the Australian healthcare system in delivering high-quality outcomes for its expenditure (Productivity Commission, 2024).
Healthcare spend per person, per year
Australia’s healthcare spending reached AUD 241.3 billion in the 2021-22 fiscal year, with an average of AUD 9,365 spent per person. This trend of high spending is expected to continue, driven by the growing demands on the healthcare system and the aging population (AIHW, 2024).
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