Digital Healthcare Solutions & Specialized Medical Services

Digital Healthcare Solutions & Specialized Medical Services

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Digital Healthcare Solutions & Specialized Medical Services
Digital Healthcare Solutions & Specialized Medical Services
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Health Care
Health Care Providers
Business Model Description

Develop and deliver digital healthcare solutions, such as telemedicine, patient portals, mobile health, and electronic health records to Serbia's rural areas, the older population, young people needing remote assistance, and patients with specific conditions and requiring specialised medical services, such as cancer, HIV/AIDS, tuberculosis, and diabetes.

Expected Impact

Improve healthcare service delivery overall, and enhance access to healthcare solutions for underserved areas.

How is this information gathered?
Updated: 29 Jun, 2023
Serbia
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
> 25% (in ROI)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
< USD 50 million
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 500,000 - USD 1 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Good health and well-being (SDG 3) Industry, Innovation and Infrastructure (SDG 9)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Decent Work and Economic Growth (SDG 8) Reduced Inequalities (SDG 10)

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Sector Sources
  • 1) Ministry of Trade, Tourism and Telecommunications. Information society and information security development strategy of the Republic of Serbia for the period 2021-2026, 2020. https://mtt.gov.rs/extfile/sr/35311/Strategija%20IDIB%202021-20261.pdf; Possible directions for increasing the efficiency of the health system in Serbia 2) Government. Program of economic reforms from 2022 to 2024, 2021. https://www.mfin.gov.rs/upload/media/1Maq2a_6246eba00ce4e.pdf 3) The consequences of Covid-19 on the position sensitive groups and groups at risk causes, outcomes and recommendations, 2020. https://socijalnoukljucivanje.gov.rs/wp-content/uploads/2020/12/Posledice_Kovid-19_na_polozaj_osetljivih_grupa_i_grupa_u_riziku.pdf 4) 021. Serbia is expecting an epidemic of departures of healthcare workers, 2022. https://www.021.rs/story/Info/Srbija/295889/Cim-korona-prodje-Srbiju-ocekuje-epidemija-odlazaka-zdravstvenih-radnika.html 5) National Assembly. Law on the Budget of the Republic of Serbia, 2022. https://www.paragraf.rs/izmene_i_dopune/121122-zakon-o-izmenama-i-dopunama-zakona-o-budzetu-republike-srbije-za-2022-godinu.html 6) Nova.rs. Serbia is crying out for specialists, we lack 5,000 health workers, 2022. https://nova.rs/vesti/drustvo/srbija-vapi-za-specijalistima-fali-nam-5-000-zdravstvenih-radnika/ 7) Peterhof Consulting stakeholder online on 21st of February, 2023. 8) Danas. Serbia stopped the departure of medical workers, the next step is termination of the contract, 2020. https://www.danas.rs/vesti/ekonomija/djordjevic-srbija-obustavila-odlazak-medicinskih-radnika-naredni-korak-raskidanje-ugovora/
IOA Sources
  • 21) Goverment. Strategy of the development of artificial intelligence in the Republic of Serbia for the period 2020-2025, 2019. https://www.pravno-informacioni-sistem.rs/SlGlasnikPortal/eli/rep/sgrs/vlada/strategija/2019/96/1/reg 22) Aktiva sistem.Tax incentives for newly founded innovative companies, 2022. https://aktivasistem.com/news/poreski-podsticaj-za-novoosnovana-inovaciona-privredna-drustva/ 23) Ministry od Health. Digitalization program in the health system, 2021. https://www.zdravlje.gov.rs/tekst/364590/program-digitalizacije-u-zdravstvenom-sistemu.php 24) Government. Strategy for the continous improvement of the quality of health care and patient safety, 2009. http://www.pravno-informacioni-sistem.rs/SlGlasnikPortal/eli/rep/sgrs/vlada/strategija/2009/15/2 25) National Assembly. The law on health documentation and records on the field of Health, 2014. https://www.paragraf.rs/propisi/zakon-o-zdravstvenoj-dokumentaciji-i-evidencijama-u-oblasti-zdravstva.html 26) Fond for inovations. Grants for early development. https://vodic.gradjanske.org/konkurs/grantovi-za-rani-razvoj-mini-grants-program/ 27) National Assembly. Healthcare Law, 2019. https://www.zso.gov.rs/doc/dom-p/zdr-os/Zakon%20o%20zdravstvenoj%20zastiti2.pdf 28) National Assembly. Patient rights law, 2013. https://www.paragraf.rs/propisi/zakon_o_pravima_pacijenata.html 29) National Assembly.The Law on electronic communication, 2010. https://www.paragraf.rs/propisi/zakon_o_elektronskim_komunikacijama.html 30) Social Inclusion and Poverty Reduction Unit of the Government of the Republic of Serbia. Gender Equality Index for the Republic of Serbia 2021, 2021. https://serbia.un.org/sites/default/files/2021-10/Gender%20Equality%20Index%20for%20Serbia%202021.pdf 31) SDG Tracker, https://sdg-tracker.org/good-health 32) The World bank, https://data.worldbank.org/indicator/GB.XPD.RSDV.GD.ZS?name_desc=false 33) Unesco, http://data.uis.unesco.org/index.aspx?queryid=3685 34) Iberdola, https://www.iberdrola.com/innovation/ehealth 35) Eurohealth Observatory. Serbia: health system review 2019, 2019. https://eurohealthobservatory.who.int/publications/i/serbia-health-system-review-2019#:~:text=Serbia%20has%20a%20comprehensive%20universal%20health%20system%20with,financing%20encourages%20inefficiency%20in%20the%20use%20of%20resources. 36) Fortune Business Insights, 2021. https://www.fortunebusinessinsights.com/industry-reports/medical-devices-market-100085 37) Startap. Capsule 2030: Your dose of knowledge of innovations in healthcare, 2022. https://startap.gov.rs/programi/kapsula-2030-tvoja-doza-znanja-inovacija-u-zdravstvu/?rstr=lat 38) EuroNews. Waiting on examination, 2022. https://www.euronews.rs/srbija/drustvo/43127/cekanje-na-specijalisticke-preglede-kad-pacijenti-dodu-od-1-do-5-u-mesecu-desi-se-da-se-termini-isti-dan-popune/vest 39) RZS. 2022. https://data.stat.gov.rs/Home/Result/100109?languageCode=sr-Cyrl 40) Global News Wire. Global Telehealth Market Size 2021 Rise at 26.5% CAGR, Will Reach USD 475.50 Billion By 2026: Facts & Factors, 2021. https://www.globenewswire.com/news-release/2021/06/29/2254645/0/en/Global-Telehealth-Market-Size-2021-Rise-at-26-5-CAGR-Will-Reach-USD-475-50-Billion-By-2026-Facts-Factors.html 41) Statista. Global Digital Health Market size forecast, 2021. https://www.statista.com/statistics/1092869/global-digital-health-market-size-forecast/ 42) Yahoo Finance.Telehealth Market to Exhibit a CAGR of 32.1% and Hit USD 636.38 Billion by 2028; Teladoc Health Inc. and DexCom Inc.’s New CGM Technology to Incite Development, says Fortune Business Insights, 2021. https://finance.yahoo.com/news/telehealth-market-exhibit-cagr-32-073000261.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAKg2ci6lHcyKfe7yMUJgo5RRMXVLEXneTQcF3jIvmw2bIn6gHrGx2Ern0QBa84Mwd2c6kFpbW2gNyMHDOwjGDT5JFaUSED 43) Official site. Vega IT. https://www.vegaitglobal.com/ 44) Official site. WeDoctor. https://www.tencent.com/en-us/responsibility/combat-covid-19-doctor.html 45) Official site. Humeds. http://www.humeds.com/ 46) Official site. NeuroBlast. https://www.theneuroblast.com/ 47) Official site. HealthShare. https://www.intersystems.com/interoperability-platform/ 48) Official site. FotoFinder. https://www.fotofinder.de/en/ 49) Smartlife. 2021. https://smartlife.mondo.rs/tech/uredjaji/a26825/internet-svuda-pojacati-signal-mobilna-telefonija-ruralna-mesta-resenje-mwc-shanghai-2021. Bad internet. https://smartlife.mondo.rs/tech/uredjaji/a26825/internet-svuda-pojacati-signal-mobilna-telefonija-ruralna-mesta-resenje-mwc-shanghai-2021. 50) Clive Flashman. 2021. The top 10 dangers of digital health. https://www.pslhub.org/learn/commissioning-service-provision-and-innovation-in-health-and-care/digital-health-and-care-service-provision/the-top-10-dangers-of-digital-health-%E2%80%93-a-patient%E2%80%99s-perspective-r4432/ 51) Geeky Ants. Digital Healthcare Tools To Reduce Patient Wait Times, 2022.