Australia’s health costs as a percentage of GDP are increasing dramatically. In the 10 years to 2013-14, health expenditure outstripped inflation, population growth and the rate of population aging. In 2015-16 total healthcare spend was $170.4 billion - 10.3% of GDP (Source: AIHW).
In an age when people expect access to advanced healthcare and better health outcomes, public and private health organisations alike recognise that ‘STEM’ skills are crucial. As a result of this, and the rapid digitisation of health services around the world, the demand for health data scientists, health technologists and technology-literate clinical staff has never been greater.
The CRC is developing a unique, multidisciplinary, collaborative taskforce of research, clinical, industry, government and educational organisations to focus research and development on combining individual and collective expertise with data, information and telecommunication technologies.
This collaborative approach will:
- Improve the health and wellbeing of hundreds of thousands of Australians
- Improve value of care
- Reduce adverse drug-reaction events (currently accounts for 400,000 GP visits a year)
- Save the Australian health system an estimated $1.8 billion
- Create a new digital workforce through at least 1000 new jobs in digital health and related industries
- Create new companies and products for Australian and global markets.