On behalf of our corporate partner, Futurise Sdn Bhd, we would like to share the following press release by Futurise together with the Ministry of Health Malaysia. The press release is in reference to the announcement of the launch of the Online Healthcare Service Regulatory Lab (OHS RegLab). It is a platform that creates a positive impact on the delivery of healthcare services in Malaysia - press release as follows:
The Ministry of Health (KKM) together with Futurise Sdn Bhd (Futurise) today announced the launch of the Online Health Service Regulatory Lab (OHS RegLab) marking a major milestone in the evolution of a regulatory framework for Online Healthcare Services (OHS) in the country. The announcement augurs well for OHS players within the Malaysian healthcare ecosystem striving to provide healthcare services to patients online. The OHS RegLab will run via a strategic collaboration between KKM and Futurise, a wholly-owned subsidiary of Cyberview Sdn Bhd under the Ministry of Finance, that leads the National Regulatory Sandbox.
OHS has been experiencing tremendous growth globally, thanks to the rapid pace of digitalisation and connectivity that is transforming many sectors including healthcare. A recent study by Mckinsey & Company has forecasted an annual cumulative growth rate (CAGR) of 17% for this segment in the Asian region by 2025 and a potential growth is likely to be foreseeable for Malaysia as well. This is a significant shift in behaviour for the region and is indicative of the need for an increased effort in putting in place various channels for healthcare services. A combination of escalating costs, an aging population, issues of proximity and access to quality healthcare has also pushed policymakers to really think of new ideas that can elevate patient care experience.
To read the full press release by Futurise together with the Ministry of Health Malaysia, please refer here – https://www.linkedin.com/posts/futurisemy_press-release-ministry-of-health-malaysia-activity-6902543260519055360-J4Rn
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