IT Solutions in the Healthcare System
At the heart of progress in any nation is a robust healthcare system and at the heart of health care is a strong IT Solutions eco system. With healthcare budgets hitting the ceiling it is important to streamline workflows in the systems, reduce expenses, and facilitate compliance within the sector and facilitating that is the IT Solutions sector. The benefits of an increased role of IT solutions in the healthcare system has led to an automation of workflows which in turn has improved patient safety and care manifold thus bringing efficiency to the healthcare systems.
According to a projection by International agency OCED the healthcare IT solutions market is poised to reach USD 228.79 Billion by 2020, growing at a CAGR of 13.4% during the forecast period of 2015 to 2020. In the background is growing pressure on healthcare organizations across the globe to cut healthcare costs on account of rising incidences of chronic disorders and a large increasing population of senior citizens. This in turn has led to a proportional demand for IT solutions from healthcare providers to streamline systems and deal with the sheer volumes of those needing care.
In addition to this a growing need of healthcare insurance providers to manage in-depth records of claims and reimbursements and make sure there is no chinks in the claims system has necessitated that health insurance goes paperless and this in turn has called for an efficient IT solutions eco system. Current Healthcare IT Solutions enable the care giving establishments to analyze big data to predict trends in the healthcare industry as well.
The healthcare IT solutions market, by product, is segmented into healthcare provider solutions, healthcare payer solutions. The healthcare provider solutions market is further categorized into clinical and non-clinical solutions. Non-clinical solutions accounted for the largest share of the global healthcare IT solutions market in 2015. However, the clinical solutions segment is poised to grow at a double-digit CAGR in the forecast period, mainly due to the increasing demand for improved patient safety and care, stringent regulations mandating the implementation of healthcare provider solutions, and need for integrated healthcare systems.
At a hospital level IT solution are helping Doctors and everyone on the team to work faster, and with increased efficiency. Hand held interfaces for instance incorporate patient clinical review report display and other details that help care givers to monitor patients on the go, give more efficient and timely care and monitor progress on a near minute basis. IT solutions also enable remote and virtual care giving on the internet and through software in hand held devices. Today’s IT solution in the healthcare industry are personalized solutions that optimize workflow and increase productivity on the hospital floor.
Present day It solutions empower patients to be active participants in their own healthcare journeys. Innovative, user friendly, and always-connected patient interfaces allow the care giver in the healthcare system to monitor the patient in real time leading to a quantum increase in the response time to any emergencies that may arise.
Thus the IT solutions industry is helping improve health initiatives by equipping care givers and establishments with robust, flexible technologies leading to all round improvement in healthcare standards at a global level.