Healthcare ranks among the top priorities and largest sectors in developed and developing nations alike. Generating employment as well as revenue, the broad industry includes medical facilities, medical devices, health insurance, telemedicine, medical equipment, and medical tourism. Growing with great momentum, this huge segment faces unprecedented challenges and changes.
Emerging Trends in Healthcare Industry
The Role of Technology
There was once a time when medical sciences had limited access to progressive technology. Traditional approach has given way to technology in the modern times. Playing a crucial role in the healthcare service delivery, technology is seen to be the game changer and major driving force behind the advancement in medical Industry.
Significance of Information Technology in Healthcare Industry
Healthcare industry is made up of two major components, namely, public and private. The private sector spearheads adoption of technology in the developing nations. In order to manage operations efficiently and to optimize costs, IT solutions have become imperative. Management information system (MIS), patient care, and process management in hospitals are dependent on effective IT solutions.
Health insurance sector is set to grow in a large scale during the coming years. This will cause a rise in demand for an efficient system for the storage and retrieval of accurate information – this will force all healthcare providers and clinicians to imbibe technology so that existing infrastructure can be modernized.
Cloud Computing and its Influence
Convergence of upcoming technologies such as wireless technology and cloud computing with healthcare is expected to make critical impact. This factor will influence the way of meeting resource shortage and improving information accessibility. Immediate future is about to witness propagation of tools such as hospital information systems (HIS), hospital information management systems (HMIS), electronic medical records(EMRs), telemedicine, teleradiology, and so on.
Cloud computing is expected to be embraced by healthcare industry on a large scale in the coming years. Being cost-effective, cloud-based solutions are going to drive increased HMIS and EMR adoption. Several benefits such as fast response during emergencies, reduced errors, patient convenience, and easy access to information regardless of geographical location are factors that will drive increased adoption.
Need for Automation
For obtaining improved efficiencies, automation of various processes will be sought by an increasingly more number of hospitals. Administration, workforce management, billing, pharmacies, finance, and patient records are a few of the important elements that are expected to be automated. As popularity of digitization in medical practices increase, the role of picture archiving and communication systems (PCAS) is likely to gather importance in the coming decade.
Challenges in the Current Healthcare Industry
Current Issues and Crises in the Healthcare Arena
Healthcare Policy Changes on the Anvil
Change in political scene has started bringing several changes to the healthcare industry. With MACRA and other such legal shifts doing the rounds, and key elements of the ACA expected to be repealed, there is little wonder in the flurry of activity and heavy discussions around healthcare policy. Healthcare sector is about to see another transformation.
Author the Author
Kumar Subramaniam, Founder & CEO of 75Health.com, focuses on publishing blogs and articles on various modern healthcare technologies and related services. Their recent publications are about EHR and PHR Software.
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