We are currently experiencing the 4th industrial revolution and likely entering the 5th.
Projected global digital health market size from 2019 to 2025 (in billion U.S. dollars) | Source: Statista
Many experts consider healthcare an industry that will be deeply affected by this new era. Leaders that wish to be prepared for the 5th industrial revolution and successful in managing its impact on healthcare will be required to display a complex armamentarium of novel skills, such as technology literacy, design thinking and mastery of applied ethics.
It used to be sufficient to be a “tech savvy” leader, however with the current exponential advancements of a variety of modern technologies in healthcare such as blockchain, AI, IoT, IoB, brain-computer interfaces, quantum and edge computing, nanotechnology, robotics, implants, wearables etc. it is imperative for healthcare leaders to have a higher degree of technical acumen in order to remain competitive. Additionally, with the focus on personalized medicine powered by genomics and the importance of designing a human-centered healthcare ecosystem, our future healthcare leaders would be advised to have a profound understanding of these disciplines.
More importantly, it has become evident that exponential medicine and exponential healthcare will also demand versatility in foundational ethical concepts. Ethics has been a very important discipline for centuries, which after decades of marginalization is currently witnessing a resurgence within the scientific and business community due to the complex ethical issues we are facing due to a high degree of automation and augmented intelligence infused in our daily activities. The scientific and business communities, numerous not for profit- and government agencies are all appropriately concerned about ethical issues unique to a digital healthcare ecosystem, with topics like algorithmic bias, social determinants discrimination, data privacy, data ownership, AI transparency and trust making the headlines on a daily basis.
Reactive or mitigation approaches are not an optimal solution and one would hope that ethical leadership in this era of digital healthcare will be defined by state of the art strategic planning, complemented by a revision of our medical education system and a profound transformation of our current healthcare delivery system.
Ingrid Vasiliu-Feltes, MD MBA Is a healthcare executive, futurist and globalist who is highly dedicated to digital and ethics advocacy. She is a Forbes Business Council member, digital strategist, passionate educator and entrepreneurship ecosystem builder, known as an expert speaker, board advisor and consultant. Throughout her career she has received several awards for excellence in research, teaching or leadership. She is the recipient of numerous awards most notably: WBAF World Excellence AwardSocial Entrepreneurship 2021, Top 20 Global Leaders in Digital Twins Technologies, Top 50 Global Leaders in Health Tech,Top 50 Global Ecosystem Leaders, Top 100 Visionary In Education Award 2021, Top 100 Global Women in Leadership Award 2021, Top 100 World Women Vision Award, 2021-Innovation & Tech, Top 100 Women in Social Enterprise 2021 (nominee),Top 50 Global Thinkers (Nominee),Nations of Women Change Makers Award(finalist),Top 100 Healthcare Leader 2020 Award, Top 100 Finance Leader 2020 Award, and Top 100 Women in Crypto 2020. Additionally, she serves as an Expert Advisor to the EU Blockchain Observatory Forum, and was appointed to the Board of UN Legal and Economic Empowerment Network. Dr. Vasiliu-Feltes is CEO of Softhread Inc., the Founder and CEO of The Science, Entrepreneurship and Investments Institute, and currently serving as a Country Director for WBAF USA, Senator of WBAF, Faculty Member of the WBAF Business School-Division of Entrepreneurship, and teaching the Executive MBA Business Technology Course at the UM Business School. She is also acting as the Chief Innovation Officer for the Government Blockchain Association. Most recently she served as President of Detect Genomix, Chief Quality and Safety Officer Chief and Innovation Officer for Mednax, Chief Quality and Safety Officer and Chief of Compliance for the University of Miami UHealth System During her academic tenure she taught several courses within the Medical School, as well as the combined MD/PhD and MD/MPH programs. Throughout her career, Dr. Vasiliu-Feltes held several leadership positions and is a member of numerous prestigious professional organizations. She holds several certifications, such as Bioethics from Harvard, Artificial Intelligence and Business Strategy from MIT Sloan, Blockchain Technology and Business Innovation from MIT Sloan, Finance from Harvard Business School, Negotiation from Harvard Law School, Innovation and Entrepreneurship from Stanford Graduate School of Business, Certified Professional in Healthcare Risk Management, Fellow of the American College of Healthcare Executives, Patient Safety Officer by the International Board Federation of Safety Managers, Master Black Belt in Lean and Six Sigma Management, Professional in Healthcare Quality by the National Association of Healthcare Quality, Manager for Quality and Organizational Excellence, by the American Society for Quality, and Certified Risk Management Professional by the American Society for Healthcare Risk Management. Additionally, Dr. Vasiliu-Feltes is an Honorary Advisory Board Member of several companies, as well as an Editorial Board Member for several international publications, an author and TV/Media partner.