Top 10 Global Hospitals
1. Johns Hopkins Hospital, USA: Consistently ranking as the top hospital overall in almost all surveys and year-end lists, is the Johns Hopkins Hospital in Baltimore, USA. It is best known for being the birthplace of genetic engineering, John Hopkins is also the place where the Nobel Prize winning discovery of restriction enzymes happened. Apart from that, it is also where the first male-male sex reassignment surgery happened. John Hopkins alumnae can boast of identifying three types of polio virus, discovering brain’s natural opiates and performing the first blue baby operation in the world.
John Hopkins is easily the most well known centre for medical advances, patient care and teaching. Some of the world’s most well known doctors have been or are associated with this hospital. Most of its specialties rank among the top five globally; such as gynecology, neurology and neurosurgery, urology, and rheumatology.
2. Asklepios Klinik Barmbek, Germany: The Asklepios Group is the biggest private operator of hospitals in the entire European continent, but the Hamburg centre is regarded as the crown jewel. This is a general hospital, but it ranks among the best in matters of cutting edge innovation and medical technology. Companies release drugs and equipment in the Klinik before they are made available to the rest of the world, and the centre boasts of excellent nursing and rehabilitation facilities. The Asklepios Klinik boasts of the world’s best known medical laboratory, and is well known for heart surgery and oncology specialties.
3.University of Texas MD Anderson Cancer Center, USA: Being one of the original three comprehensive cancer centers in the United States established by the National Cancer Act of 1971, it remains the best and most well known centre for cancer care. The MD Anderson Cancer Centre is also affiliated with two prestigious medical schools, the University of Texas Medical School at Houston and the Baylor Medical College. It provides fellowship, internship and residency opportunities to Ph.D.s and medical professionals, and its courses on immunology,, virology and gene therapy attract the best students and teachers from all across the world.
4. Brigham and Women's Hospital, USA: Located in Boston, it is one of the largest healthcare provider in Massachusetts, and is the Harvard Medical School's second largest teaching affiliate. The center brings together a cancer institute and a hospital, creating 13 specialized disease centers. It also excels in neuroscience, arthritis and orthopedics. It is well known for its high quality research facility, and for over a decade, its Biomedical Research Institute has been one of the two hospitals receiving the most National Institutes of Health (NIH) funding among independent hospitals in the United States. Brigham and Women's Hospital also conducts popular demographic surveys.
5. Great Ormond Street Hospital, London, UK: The Great Ormond Street Hospital is the world’s first hospital that was established solely for the treatment of children. It remains one of the best in its field, but it is more well known for receiving the copyright to the children’s classic Peter Pan- all the royalties of which being channeled in research and treatment. Great Ormond Street Hospital is closely associated with University College London and is the largest centre for research and postgraduate teaching in children’s health in Europe. It is also the largest centre for children's heart or brain surgery, or children with cancer, in the UK.
6. Wooridul Spine Hospital, Seoul, South Korea: It is counted among theleading spine hospitals in the world. It is famous for developing a minimally invasive surgical treatment for those with problems in the lumbar, cervical and thoracic areas, and often treats patients with injection therapy. The advanced spinal surgical technique developed by Wooridul Hospital is bloodless and minimally invasive to save normal disc tissue. It is also well known for medical tourism, and is fast becoming the go-to name for treatment of joints.
7. Shouldice Hospital, Canada: The world’s most famous name in treatment of abdominal hernia, it is named after Dr. Edward Earle Shouldice, who developed a uses a natural tissue, tension free, technique for treatment during the second World War. Also known for its green initiatives, the Shouldice Hospital lists famous personalities as Joe Clark, Jack Layton and Ralph Nader as its patients. Shouldice Hospital is was famously made the subject of a case study by the Harvard Business School- and the same forms the part of the curricula of numerous schools worldwide.
8. Bumrungrad International Hospital, Bangkok, Thailand: It is probably best known for medical tourism, and is the biggest private hospital in Southeast Asia. It treats over a million patients every year, and has its own travel agency for extending visas and providing translators for foreigners. Internationally accredited, the BumrungradInternational Hospitalboasts of world class luxurious facilities. It accomplished the Thailand Quality Class Recognition Award in 2008, and has won a number of accolades internationally. The hospital represents virtually of all the specialties and subspecialties of medicine, and is regarded as a "one-stop" centre for medical services internationally.
9. Anadolu Medical Center, Turkey: The Anadolu Hospitalis a leading institution of oncology through its Bone Marrow Transplant Center. Opened only in 2005, it has emerged as one of the most sought after names in providing treatment for cancer. The hospital is affiliated with the Johns Hopkins Hospital in the USA through Johns Hopkins Medicine International. IMRT and Cyberknife are two of the latest technologies used in cancer treatment developed at the Anadolu Medical Center. The hospital also provides multidisciplinary care, free check ups, patient education, first aid courses, and courses related to preventive medicine.
10. Gleneagles Hospital, Singapore: The flagship hospital of the Parkway Hospital Group, the GleneaglesHospital is a multi-disciplinary and state-of-the-art facilities; representing numerous specialties and sub specialties. It is well known for its doctors’ expertise, quality care, user-friendly services and modern technology, and specialties such as cardiology, oncology, obstetrics, gynecology and orthopedicsare regarded as among the best in the world. The Gleneagles Hospital is best known for a 2005 operation, in which a medical team operated for 10 hours to separate two conjoined twins from Indonesia who were attached at the hip.
Top 10 healthcare innovations for 2019
We take a look at some of the top 10 healthcare innovations which are transforming the sector
The telehealth market is booming. Consumers are leading increasingly busy lifestyles, with up to 60% favouring digitally-led services. Providing clinical care at a distance, increasing accessibility and eradicating potential delays has given patients greater control, boosting patient satisfaction and overall engagement. Such is its exponential growth, The Centers for Medicare and Medicaid Services in the US has recently released its proposed Physician Fee Schedule and Qualified Payment Programme updates for 2019, where telehealth services has been heavily featured, in order to deliver ‘different access points’ for patients.
9. Mobile technology
Consumers have become accustomed to accessing their data through the use of various digital tools, where the use of mobile and tablet health apps has tripled from 13% in 2014 to 48% today. Catering to this growing market, British based start-up Babylon Health is making waves on a global scale. Partnering with the National Health Service (NHS) and private health provider, Bupa, it has also cemented its presence across the flourishing Chinese market, with a membership base exceeding 1.4mn citizens across Europe, Asia and Africa. By partnering with global juggernaut Tencent, Babylon’s artificial intelligence system has enabled both parties to interact directly with users, identify specific illnesses, deliver health status assessments, and triage necessary actions. The mobile app is available to over a billion users and linked to more than 38,000 medical facilities in China alone.
8. Artificial intelligence
Artificial intelligence (AI) applications, such as predictive analytics for patient monitoring has provided significant financial savings. Applications that target hospitals and medical institutions include patient monitoring and transcribing notes for electronic health records (EHRs). The European Union is set to invest $24bn into artificial intelligence (AI) by 2020 in a bid to catch up with Asia and the US, who have invested heavily in AI and cloud services. This year, Google revealed its plans to harness AI and machine learning across a multitude of consumer technologies, particularly in healthcare. “If AI can shape healthcare, it has to work through the regulations of healthcare. In fact, I see that as one of the biggest areas where the benefits will play out for the next 10-20 years,” Google CEO Sundar Pichai has previously stated.
Blockchain is estimated to reach over $5.61bn by the end of 2025, even though it remains dependent on the ability to record and store information conveniently, economically and securely amongst different applications and systems. Providing transparency and eliminating third-party intermediaries, processes are streamlined, reducing healthcare costs exponentially. Unlocking the ability for providers to deliver a value-based healthcare system and enhance patient engagement, blockchain could save the industry up to $100-$150bn per year by 2025 in data breach-related costs, IT costs, operations costs, support function costs and personnel costs, according to BIS Research. Partnering with pharmaceutical giant GlaxoSmithKline (GSK), Ethereum blockchain-based supply chain platform, Viant sought to accelerate the pace of blockchain-based supply chain systems. Accenture and supply chain giant DHL have also developed a blockchain-based serialisation prototype which tracks pharmaceuticals from the point of origin to the consumer.
6. Health wearables
With the rise of lifestyle diseases, such as diabetes, more consumers are turning to health wearables that monitor glucose, heart rate, physical activity and sleep to gain a greater understanding of their health conditions. Following on from the release of the first Bluetooth headset back in 2000, the growing interest in wearables has seen monitoring our health and data become standardised. This data can be analysed by sophisticated algorithms to drive long-term diagnosis and support. Partnering with Google, health wearables company Fitbit is exploring the development of consumer and enterprise health solutions. Its acquisition of HIPAA-compliant health platform, Twine Health has seen the business enhance its clinical services by bringing on board a coaching platform, empowering people to seek better health outcomes.
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5. Electronic health records tools
From 2018-2022, the electronic health records (EHR) market is expected to grow at a compound average rate of 6% per year Providers and organisations continue to house fragmented technologies which create barriers towards collaboration and data sharing opportunities. This is further exacerbated if a patient straddles both public and private healthcare. Technology giant Apple has integrated patients’ medical records into its Health App as part of its iOS 11.3 beta. The data is encrypted and protected with the user’s iPhone passcode. Partnering with hospital providers and clinics, patients are now able to view their medical records from multiple providers within one platform. Johns Hopkins Medicine, Cedars-Sinai, Penn Medicine, UC San Diego Health and even the Cleveland Clinic have implemented this technology.
4. Healthcare transportation
Non-emergency health transportation remains a key issue worldwide, preventing patients from getting to or from a doctor’s appointment. 25% of lower-income patients have missed or rescheduled appointments due to lack of transportation, costing US health systems up to $150bn each year. Transportation companies such as Lyft and Uber have therefore entered the market by partnering with state governments to reduce these costs and deliver personalised patient care.
3. 3D Printing
Healthcare providers are set to represent the second largest industry sector in 3D manufacturing. The Food & Drug Administration’s decision to release its first comprehensive framework advising manufacturers of 3D medical products highlights its growing impact where more than 100,000 knee replacement surgeries are completed each year using 3D-printed, patient-matched surgical guides, for example. Through this process, surfaces and structures can be optimised for strength, weight and material use. Consultation between surgeons and patients has also been bolstered, where patients can better understand the complexity of his or her specific needs.
As consumers get more involved in the management of their health, consumer genetics and research companies have grown in popularity and scale. People want to further understand their genetic makeup, leading personal genomics and biotech company 23andMe to become one of the largest consumer-based organisations worldwide. Interestingly, this year, the company has entered a four-year collaboration with GSK to develop new treatments, but using human genetics as the basis for discovery.
Not only looking to develop treatments by analysing human genetics, pharmaceutical companies are looking to even remove hereditary genes which pass diseases down generations. In 2017, human embryos were successfully ‘edited’ through gene editing tool, CRISPR (Clustered, Regularly Interspaced, Short Palindromic Repeats), eradicating hypertrophic cardiomyopathy within 42 embryos.
1. Vertical integrations
As healthcare providers aim to provide greater transparency, promote collaboration and lower escalating patient costs, 2018 has been the year for a significant number of vertical integrations. CVS Health’s $68mn takeover of health insurer Aetna is a case in point. By influencing more of the supply chain, it will gain significant negotiating power to reduce costs for payers and patients, develop personalised solutions and improve overall outcomes. It will also promote the eradication of delays in process by removing any third parties within traditional business models. Other notable integrations are Optum’s acquisition of the DaVita Medical Group, Humana and Kindred Healthcare and Cigna and Express Scripts.
Reports have indicated that not only has the number of healthcare deals more than doubled in the last five years, the size of deals has also grown as a result of repeat investor interest, highlighting that this trend is here to stay.