Healthcare IT Solutions A Win-Win for All Stakeholders

Information technology (IT) has helped change the face of many industries. It is because of IT, that many organizations have had to face a strategic inflection point in their business cycle, for the better. Sure, the change was initially difficult but eventually IT has only proved to be an excellent solution to the many challenges that an organization faces.

When it comes to the field of healthcare, industry professionals are better off focusing on their core competency, rather than channel their energies to other functions of the organization in order to ensure completion of tasks. This is the reason why outsourcing of hospital IT infrastructure is taking place across the industry. There are immense benefits once this activity is outsourced, since the hospital administration can then dedicate its focus to the patient’s well being.

Healthcare IT solutions provide benefits like the application of industry best practices, control of operating costs, ease in coordination between various functions of the organization, eventually leading to superior customer service, etc. Healthcare IT provides valuable information on a real-time basis, and patient records can be viewed by the stakeholders with ease. Outsourcing of healthcare information technology will also help the organization have an effective IT strategy in place that is in alignment with organizational goals. Also, outsourcing of IT-related services makes a lot of business sense for the organization, since upfront investments in IT and the creation of IT infrastructure is an expensive undertaking.

Medical IT is beneficial for patients, too. Electronic Health Records, which is one of the technologies, ensures that patients can conveniently access their medical reports online, thus reducing paperwork. The same reports can be viewed by their doctor which helps them make quick decisions. This can come in handy, especially during emergency situations. In cases where a patient may have to see multiple specialists for a particular illness, each of them can view the same report, once they have access to view it.

Hence, the emergence of IT in healthcare is a boon for all the stakeholders and helps a healthcare organization achieve a sustainable competitive advantage in the industry.

The Benefits of IT in Healthcare

Information Technology (IT) has truly played a pivotal role in the healthcare industry. As one of the largest industries across the globe, IT has ensured smooth functioning of critical operations and has helped achieve the required efficiency needed to run a healthcare organization. As in other industries, IT is helping public and private sector organizations worldwide offer excellent patient care, thereby converting ailing patients into healthy individuals.

IT in healthcare aims to provide information electronically. This can be stored, retrieved and transferred with ease. Multiple parties can access this information, thereby providing faster resolution to medical cases. Various technologies that have been developed to offer convenience to healthcare organizations are as follows:

Electronic Health Records (EHR)

Clinical Decision Support System (CDSS)

Radio Frequency Identification (RFID)

Picture Archiving and Communications System (PACS)

Automated Dispensing Machines (ADM)

The overall quality of healthcare is bound to improve when doctors, nurses, patients, etc. have the correct information at any given point in time. Quick decisions can be taken based on reports that can be conveniently accessed.

The strategy adopted for implementing IT solutions in healthcare organizations varies from one company to the other. Few companies would like to initially make heavy investments in IT infrastructure. This is where outsourcing of IT infrastructure to specialist companies comes into play. Outsourcing helps a healthcare organization focus on their core competency of providing quality patient care. Therefore, it is very important for organizations to leave the worries of healthcare IT support to companies who provide expert medical IT support.

Most important, IT has contributed significantly to simplifying the lives of patients. Access to correct information ensures that they don’t have to spend money on unnecessary tests. Appointments can be scheduled online for consultations with physicians and specialist doctors and for hospitalization as well. Reduced paperwork ensures the availability of old reports without wasting time looking for them in paper files. Entire families’ medical records can be accessed online with information on medical history, last tests conducted, etc.

The benefits provided by IT have truly been a blessing for the healthcare industry!

How insurance software solutions are changing the way healthcare industry operates

Insurance industries rely on the latest and updated information to conduct their insurance businesses. To maintain a strong foothold in the present day insurance market it is essential for insurance industries to have a strong online presence and a robust online network that facilitates time and cost saving.

To warrant excellent customer satisfaction, organizations are striving hard to introduce technologies and applications that are smart, efficient and at the cutting edge of latest technology. Web based insurance portals make it easy for insurers to update their official and consumer data in real time and from the remotest of locations.
The customers of insurance companies can also view their updated information online, thus encouraging more transparency and trust between the insurers and their customers. More and more insurance industries across the world are acknowledging the benefits of using insurance software solutions.

Insurance software solutions assist in increasing process efficiencies, reducing or containing administrative costs, enhancing customer experiences and maximizing marketing outreach and profit margins.

The U.S. healthcare industry landscape is abuzz with new applications and technologies that are taking customer experiences to new levels and are promoting transparency in financial dealings. Insurance software solutions are revamping the way insurers traditionally conducted their business.

There are a plethora of insurance software solutions available in the insurance industry. While some applications may assist insurers in quality analysis other applications may help in allaying projected market risks with the help of the inbuilt risk analysis and simulation tools.

U.S. healthcare IT firms are churning out comprehensive insurance software for insurers and state governments to aid them in servicing their clients better. Most of the insurance software includes applications that allow online eligibility checking, comparing and enrolling for health plans.

There are some health insurance software products that feature separate portals for groups, individuals, employers and employees for better management and customer experience. Deploying such applications on an insurers network does not affect the business continuity and doesnt require any additional investment in hardware or software.

Most insurance software solutions out in the insurance markets offer customization facilities wherein insurers can tailor the applications as per their business requirements and needs.

Insurance software solutions help insurers restructure and reorganize their critical businesses with simple yet brilliant processes which help in better risk analysis and assessment, thus dramatically reducing error instances and improving profits.

With cloud computing becoming a fast spreading rage across the entire U.S. healthcare industry, most benefits associated with it – scalability, flexibility, security, no upfront hardware and software investments are gaining traction.

Where efficiency and time effectiveness are primary concerns, automated insurance software solutions can come in handy as they are very fast, easily deployable and can aid in accurate data analysis.

Insurers are always on the lookout for smart, simple and easily understandable insurance solutions that not only help in improving business agility but also help in refining the customer services and strengthen relationships with customers. Insurance software solutions are becoming more of a necessity than a luxury because of their intelligent, automated processes.

China Healthcare Sector Analysis

China’s healthcare industry is entering into a new era with advance development of the infrastructure system. The industry is blessed with several advantages like large population of the country, increasing ageing population, increasing prevalence of lifestyle disease and many more. The government has also boosted the industry growth by blessing the sector with a US$ 120 Billion reform package. Backed by these all factors, healthcare sector in China is expected to outperform all other sectors in the country in terms of growth.

According to our new analytical study on the sector called -China Healthcare Sector Analysis- the China healthcare spending is forecast to grow at CAGR of over 18% during 2010-2012. Currently, the market is characterized by major changes in rural healthcare infrastructure. Anticipating the future growth, many private sector giants are looking to invest in the sector to get a pie of the chunk.

Our report has found that medical device market is expected to grow most in all other segments. The government decision to improve the healthcare infrastructure in rural areas will result in increasing demand of medical devices and equipments. Backed by this increasing demand, the medical device market is expected to grow at a CAGR of around 20% during 2010-2012. In this regard, our report provides rational analysis of various factors which will drive this market segment over the forecast period.

It also provides extensive information on Chinese pharma market with the detailed description of traditional Chinese medicines and western medicine market. It also highlights several emerging market trends like medical tourism market, healthcare IT market, telemedicine, etc. The research study gives detailed statistical and analytical review on demographics, macroeconomic indicators, disease profile, healthcare services market, key drivers and restraints. It contains all the vital information that will help clients to draw up their market strategies and assess opportunity areas in China’s healthcare market.

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Healthcare Softwares For Every Hospitals

Lot of companies are providing the application software in healthcare management and information system, both of which are integral and critical parts of a smart healthcare system project. The idea is to bring the functions of all departments onto a unified platform from a reporting, data collation and data analysis perspective. If healthcare system is integrated and managed through a proper information and management system, then anybody can get access of it starting from primary healthcare unit to specialty centre, both from patient care and administrative perspective. In the process , it becomes much easier for the government to provide much better healthcare services. The need was already there, but only a few states have actually come up for adopting best of IT systems for healthcare.In general terms what basically these software are based on open source software with proprietary database at the backend. The software provides most flexible options in terms of reduced total cost of ownership, maintainability , vendor independency and in addition, it runs on a variety of operating systems. From an architecture perspective , it is extremely scalable and can be easily modified.
Areas like drug and material distribution, inventorying, purchasing and facility management have largely benefited through use of IT. The application also helps to standardize and define different protocols in the system as and when required. All these synchronies towards a significant enhanced quality healthcare service. Equity issues are taken care of by the public sector for those who cannot afford. Private sector is more or less differentiator. Sixty to seventy percent of work is left on the public sector. We need to increase the spending from current 4% to at least double by that. While healthcare IT spending in most emerging Asian economies has increased appreciably, yet certain developed and emerging nations are still lagging behind. Considering the global aspect, judging by the percentage of healthcare IT spending as part of overall national IT spending, Australia tops the chart , followed by China, Malaysia, New zealand, Philippines and Vietnam. The trends and spending patterns of Australia have been found to be most typical in the region, resulting in sustained growth of the market, at a pace that is even higher than many of the currently emerging economies. Public Sector institutions continue to slog or rather decay on account of lack of monitoring mechanisms, lack of management controls system and lack of accountability. In India, public health sector sees highest absentees. Still their incentives are very high. We need to have very strong management controls and IT enabled mechanism to monitor the output. Just Deploying thousands of doctors in the rural areas such as Gujarat is not enough

A Brief Introduction To Healthcare Software

The most vital issue that is faced by any health care entity today is providing quality services in a constraint bound budget. This had brought about the need for a catalyst, a change that will open up a whole new spectrum for the healthcare sect. With the advent of hospital management software that issue has been dissolved completely. The advent of this phenomenal software has reduced the paperwork by making the billing process electronic for numerous hospitals and clinics.

The use of healthcare software:

Healthcare software is used for numerous purposes, some of which are used strictly for maintaining medical data of patients, such as dates and medical records of tests. Some other types of software have the potential to link billing data with medical data, further restructuring the long process of coding documents for billing. In addition, there is a wide variety of software that is available, many of the programs that enable customizing to fit the needs of your hospital or clinic.

The benefits rendered by healthcare software:

1. It allows doctors and nurses to access a patients medical history with complete ease.

2. It saves a lot of the crucial time of a doctor or medical practitioner as getting through to the patients medical records can be carried out with simply hitting a search, instead of going through hundreds of documents and paperwork.

3. The doctor also gets a quick update on all the medications being taken by the patient over his/ her treatment period.

4. Healthcare software has also helped by cutting costs, as the tedious process of organizing, securing, storing as well as filing paper documents is done with, removing the scope of errors as well.

5. Numerous acclaimed hospitals also state that having electronic healthcare records is much more private and secured than paper records.

Therefore, for a hospital or clinic that is planning about employing this health care system, be aware that medical professionals will need to face a significant a learning curve to get acquainted with the same. In addition, you should also be aware that some of the noted software in the healthcare management system includes, hospital management software and hospital IT solutions.

Last but not the least, having such well-equipped software in your hospital or clinic will give you the opportunity of ensuring quality healthcare to your patients, as all the required information and data is easily accessible with barely any wait time. Specialists and primary care doctors should definitely reap the benefits that are being offered by technology.

Rising E-health Services Boosting Us Healthcare It Market

US healthcare IT market is witnessing significant growth from the past few years. The market is propelling on the back of rising number of E-health services in the country. The use of E-health services is increasing due to rising penetration of internet and broadband in the country. Further, the E-health market is performing on the back of rising adoption of market components, such as EHRs/EMRs, health information exchanges (HIE) and e-Prescription. In addition, the government is also talking various initiatives to develop the E – health market in the country. Besides, the e health market will continue to grow in the coming years due to rising health concerns and increasing awareness among population. Therefore, considering the above factors, it is projected that the US E-healthcare market will grow at a CAGR of around 11% during the forecast period 2013-2017.

According to our research report, US Healthcare IT Market Outlook to 2017, the market is growing tremendously on the back of technology advancements and strong government support. Rising opportunities in remote patient monitoring and medical imaging information system are also propelling its growth. Our report provides the detailed analysis of healthcare IT market performance including its segment such as healthcare IT hardware, healthcare IT software and healthcare IT services.

In addition, it also covers the study of components of the market including M-health, remote patient monitoring and medical imaging information system. It also provides the thorough analysis of emerging trends that are boosting the healthcare IT market in the country. Further, the report also includes analysis of potential growth areas of the market along with regulatory framework.

Our report, US Healthcare IT Market Outlook to 2017, offers the detailed analysis of key market players that will help the client to have an understanding of the competitors in the Industry. Additionally, we have also covered the key developments of these players in the country. Overall, the report presents a comprehensive look at the sectors past, present, and future scenario.

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The Role Of Mobile Technology In Healthcare

The latest ongoing trend is seeing hospitals and healthcare providers join forces to build mobile solutions. All this is to help enhance patient care and fill in the bridges between doctors and patients in regards to medical help and guidance per se.

What is the use of mobile healthcare solutions?

Mobile healthcare solutions in the form of mobile apps provide patients with frequent information related to the disease they are tackling through their very own mobile device. This ensures that the patient is able to communicate with and get a health status check up with his/ her provider.

Mobile apps are intelligent and help provide an overall health status to the patient, simultaneously giving the care provider or medical professional an opportunity to advise disciplinary actions, keeping in mind the health of the patient.

What are the beneficial features that stand out for patients?

Thanks to healthcare IT services, healthcare providers can now create a quality checklist for each patient, this ensures that as and when the patient overshoots a vaccine schedule, it will be flagged with a due date. In other words, a notification indicating youve missed out on one your vaccinations will appear. Not only this, medicine reminders, doctors appointments, and other health related reminders.

What are the beneficial features that stand out for medical professionals?

Mobile apps like these help healthcare professionals, as they also maintain a health-record book that stores all the information regards the past, clinical tests, its results, notes from the doctors visit, contact details and a lot more of vital details. This saves the doctor a whole lot of time that he/she could now use to provide nothing less than quality healthcare.

Not only this, doctors also benefit as such apps maintain articles, manuals, videos and aid in providing education on specific chronic diseases, aiding doctors to help patients more effectively, improving the quality of life for patients that need it the most.

Conclusion:

Though mobile healthcare is catching up well, electronic healthcare software systems too are being installed and made use of globally. Both of these are crucial tools that are responsible for making health care more self-sufficient and less time consuming. Therefore, if you are a doctor and own a clinic or a hospital, be sure to collaborate with technology teams to help create a better future not only for your stream of work, but also to improve the quality of patient care. Healthcare IT services have come a long way.

The Evolution Of Healthcare Services & Software Development

How Healthcare Industry has evolved till now?

Digitization of the healthcare system has been an inevitable change just like in any other industry. Any organization when it expands, irrespective of the industry, needs to manage a lot of internal departments for coordination & smooth operations. In healthcare industry for example, there are a lot of challenges that requires the role of Healthcare Business Intelligence.

Adoption of IT came in different phases in the industry. Healthcare Software Development changed & improved with every phase.

The first phase brought technology into tasks which were repetitive and could do with standardization & automation like software for accounting & HR ( which includes payroll, hiring, reimbursements etc.).

Then came the phase where IT was evolved in two major ways. Firstly there was better coordination between various departments within an organization. And, secondly healthcare companies could easily integrate with their suppliers thus helping them a great deal in supply chain management. The healthcare application services & software that was introduced then may not have made an impact immediately, but was certainly a foundation for the healthcare software development in the years to come.

The third phase which is the ongoing phase for those looking after healthcare business intelligence. Many organizations have entered into this phase where there is complete digitization of processes & channels. The technology today has more power than in simply help in complete normal functions of an organization. technology has enabled people to do the tasks more valuable for them, letting the healthcare application services , say in the healthcare industry, take care of the rest.

The third phase focused more on the needs & convenience of the patients and less on the processes unlike the first two phases. This helped build a fully integrated & proper digitized healthcare system.
Now that even the patients are getting the hang of the healthcare IT system and in fact finding it more handy, it’s time institutions to get completely acquainted with technology and go all in.

It’s incorrect if hospitals and other healthcare institutes still believe that patients don’t want to utilize healthcare application services as it involves medical care which is a sensitive issue, and only use them specific cases. On the other hand, the lack of use of services is due to the nature of the services provided & not medical care. What is needed then isn’t a change of mindset, which has already taken place after the digitization of every other industry, but to bring improvement in the healthcare software development.

China Healthcare Continues Robust Growth

The Chinese healthcare industry has shown outstanding growth over the last few years. Ever since the reform process, the investment activities in Chinese healthcare sector have grown at a healthy growth rate and this has helped the sector posting better results than expected. As per our research on the sector titled -China Healthcare Sector Analysis-, healthcare spending in China is projected to grow at a CAGR of around 18% during 2010-2012.

In present industry scenario, most of the healthcare services in China are presently provided by the government and expansion of these services after reform has created huge demand of drugs, medical devices and equipments in the country. Moreover, the demand in other associated segments like health insurance and healthcare IT services has also increased robustly. In this regard, the report provides a complete analysis of the impact of healthcare reform on the Chinese healthcare market. We expect that the demand in emerging segments like OTC drugs and biopharmaceuticals will also post healthy growth rates.

The report studies the Chinese healthcare market by diving it into three major segments i.e. pharmaceuticals, medical devices and health services. Out of these three segments medical device market is expected to outperform the other segments. Our research gives a complete and statistical overview on all the three segments. Besides this, the report thoroughly studies the competitive landscape of the industry and provides valuable information to clients.

-China Healthcare Sector Analysis- is an outcome of extensive research and prudent analysis of the concerned sector done by our industry experts. The report is also supplemented with forecasts on the respective industries and also gives a complete demand and supply analysis of the Chinese healthcare services market. It covers various industry bottlenecks that are restraining the growth of the industry. Thus, it presents a true and unbiased picture of the Chinese healthcare industry, which will prove to be useful to the clients while making investments and joint ventures in the market. For FREE SAMPLE of this report visit: