❓3. Problem Statement

Navigating Challenges in Health and Finance Convergence

The intersection of health and finance, known as HealthFi, is a transformative concept that holds immense potential for creating a holistic ecosystem. However, several challenges impede the establishment of a well-rounded and effective HealthFi ecosystem. Identifying and addressing these challenges are crucial steps in unleashing the full benefits of this convergence.

1. Lack of Strategic Planning:

   • The HealthFi landscape often suffers from a deficiency in well-defined strategies.

   • Absence of clear roadmaps and action plans hampers the systematic development of the ecosystem.

2. Execution Gaps:

   • Despite visionary concepts, the execution of HealthFi initiatives faces significant gaps.

   • Implementation challenges hinder the seamless integration of health and financial elements.

3. Limited User Adoption:

   • Encouraging users to actively participate in HealthFi activities remains a hurdle.

   • A lack of compelling incentives and educational initiatives contributes to low adoption rates.

4. Fragmented Ecosystem:

   • HealthFi initiatives are often fragmented across various platforms and industries.

   • The absence of cohesive integration limits the overall impact on users' well-being.