Question

Write one page on how does innovation leads to success within the Iron Triangle of healthcare?

Answer 1

The iron triangle of healthcare is significantly impacted by healthcare innovation. Iron triangle depicts three essential components of healthcare practices which are access, cost and quality. It is generally presumed that all three elements cannot be provided in the healthcare structure at the same time. For example,- the healthcare system can be cheaper if the facility to access is restricted or quality is reduced. However, innovativeness can be introduced here to maintain all the three facilities at the same time. For example- incorporating telecommuting facility in healthcare or arranging online healthcare campaigns at various parts of the country as a gesture of a humane approach can be productive of maintaining all the three initiatives.  
Telecommuting facility is an effective way of getting healthcare support and medical advice its minimum cost. Doctors and healthcare professionals provide quality healthcare support in almost free of cost. It allows wide participation of the broader community. Thus, the facility is always beneficial in maintaining all three aspects of the iron triangle. On the other hand, arranging free healthcare campaign in both urban and rural communities can be useful to ensure quality care access at either nominal cost or free of cost.  
Hence, innovation leads to success within the Iron Triangle of healthcare.