How Firms and Corporates Grow in any Economy
The rules of economics and business are such that in any economy, old or new, recession or boom, the basic rules governing growth are the same. Indeed, ever since the modern day capitalist model of business emerged, growth at any cost and in any economy has been the driving force behind all the decisions that […]
What is Productivity and Why it is Important to Corporates, Nations, and Professionals?
What is Productivity and Why it is so Important? We often hear the term Productivity, bandied about in economics and management textbooks and the popular press. Indeed, not a day goes by without this term popping up in myriad contexts. Further, when experts talk about falling or rising productivity, they stress its importance to everything […]
Warranty Management – Meaning and its Components
Warranty Management had been traditionally viewed by companies as a cost of doing business. The costs of warranty management were found to be costing between 4 to 5 percent of the total sales revenue of the company per annum and were considered to be the cost of providing customer satisfaction and as an opportunity to […]
Why are Industrial Companies Acquiring Tech Startups?
Mergers and acquisitions used to be fairly straightforward in the yesteryears. This is because companies would only make acquisitions within their own industry. This meant that if a technology-based startup were up for grabs, the list of potential suitors would only include companies like Google and Microsoft. This has completely changed now. Traditional companies like […]
The German Small and Medium Enterprises (SME) Story
Germany has the second largest exports in the world. They are second only to China. This is remarkable given the fact that Germany is a first world country with very high labor costs. The Chinese pay slave wages to their workers and make them work for longer hours. On the other hand, the Germans pay […]
There are many benefits to healthcare providers through automation. Not only will the end to end processing of customer records would be made easier, automation would also result in the actualization of efficiencies and synergies across the entire value chain of activities that healthcare organizations provide.
When we mean healthcare providers, we include the entire gamut of service providers including day care providers, clinics, full fledged hospitals, insurers, and pharmaceutical outlets.
The automation of the value chain would especially benefit large hospitals when they integrate the end-to-end activities that they undertake in a single, coherent, and unified set of software.
The practice of storing medical records of patients and referring to them on subsequent visits would greatly benefit the doctors and the paramedics who would not only have access to the patients’ history but also have details about the patients in terms of medications and allergies to any specific drug.
Further, by automating finance and nursing functions into the hospitals’ software, the value that is gained through synergies is huge in terms of better patient treatment and postoperative care as well as ensuring and checking that the patients have paid on time.
Talking about postoperative care, it is indeed essential that hospitals automate the ICU (Intensive Care Unit) component with the other functions so that the patients are treated in an efficient manner.
For instance, it is common in recent times for patients to be taken to the ICU after surgeries and then to the rooms.
Therefore, by automating the entire patient lifecycle starting with the admission and the preoperative care to the actual surgery and the postoperative care, the healthcare providers would have greater visibility and control over the treatment being given to the patients.
Moreover, in cases of accidents and trauma, timely treatment can be provided if the patients’ history is available with details of the past treatments and any suggestions made by the doctors and the paramedics who have treated the patient in the past.
In other words, the automation of the treatment lifecycle would greatly enhance the efficacy and efficiency associated with the healthcare providers. Apart from this, by integrating the insurer information and the patients’ health insurance details, it would be possible to start treatment without waiting for payment to be made.
This is the practice in the United States and most of the developed world where the integrated patient management system ensures that each individual’s information and health details are available to all the healthcare providers that are part of the insurers’ network.
Of course, the caveat here is that the patient must be insured and that too in a comprehensive medical coverage plan as otherwise, the information is not captured.
Moreover, in the US, it is the case that the SSN or the Social Security Number be a valid and recorded one for the patients to have their information stored.
The point here is that by having centralized databases, it becomes easier to track the treatment provided to the patients and helps subsequent visits to be smooth and efficient. Apart from this, in many developing countries, the provision of mandatory health insurance by the state has meant that these countries also have centralized records of the patients.
For instance, Cuba and Russia are examples of communist and former communist countries that have actualized world class healthcare systems.
Finally, the health care system in Europe is truly a cut above the rest as the Scandinavian and West European countries do not have huge populations, which makes it easier for the health care providers to actualize better service.
Automation delivers value in any sphere of human activity and healthcare automation is especially crucial and critical as it deals with human lives directly.
Your email address will not be published. Required fields are marked *
What the Current Wave of Protectionism and Populism mean for the Future of Globalization and Free Trade
February 12, 2025
