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Showing posts from November, 2018

Blockchain has Transformative Potential for Improving Healthcare

With so many innovative technologies transforming the modern industrial sectors, Blockchain technology has taken the world by storm for its revolutionary data management potential. The technology has witnessed immense success across various industries and healthcare world is no exception to rattle for it. Today, the use of Blockchain technology in the healthcare industry is considered as the answer to interoperability, sufficing to solve looming problems in the healthcare continuum. As of now, the technology is in its nascent stage and it is expected to soon make its ingress into the healthcare, transforming the sector globally. The Indian healthcare sector today is seeing a steady transition from manual paper-based data collection to electronic data, revolutionizing the ways healthcare providers handle their patients and their records. Though Electronic Health Records (EHRs) and healthcare IT solutions are used to successfully consolidate and organize patient information, the ra

Increasing Healthcare Literacy is the Need of the Hour

While the healthcare industry faces challenges in improving quality of care, curbing healthcare costs, and extending its access to the wider population, there exist several other roadblocks as well. The way consumers interact with the healthcare system has a significant impact on their health outcomes. Though providing people with better access to care and medicine are essential, it is only a part of improving the health. Understanding of the provided health information and treatment is an important step towards improving patient health outcomes and this is what we call ‘health literacy’ or ‘healthcare literacy’. The capacity of a person to obtain, process, and understand basic health related information and services are necessary to make good health decisions, and thereby improve overall healthcare outcomes. Inadequate or limited healthcare literacy can affect people of all ages, ethnicity, social incomes, and education levels and can have an effect on worsening health outcomes

IOT is Expected to Soon Create a New Healthcare Revolution

This is an era of digital technology, in which AI, IoT, and ML are all intertwined closely. Internet of Things (IoT), in particular, has impacted people’s lifestyle and the way businesses are operating on the global level and it is no exception to the healthcare sector. In all its brilliance, IoT technology is making a significant difference in the industry and holds the potential to radically revolutionize the industry in the coming years. Everything from traditional healthcare practices to equipment are replaced with cutting-edge, innovative, and accurate IoT devices. The penetration of IoT in all aspects of healthcare is slowly gaining momentum and with this pace of adoption, the future of the healthcare industry would certainly witness a phenomenal change. IoT is not a new thing to the healthcare industry. It has been gaining enough traction and is one of the most high-profile technology trends as of late. No doubt, IoT would soon be the backbone of the future healthcare indu

The Hidden Revenue Opportunities in the Healthcare Sector

Medicine and healthcare is a rising domain that is expanding its prospects with time. There are significant advancements and constant improvements being done regarding technology, management, research, and more. Nonetheless, hospitals and nursing homes in today’s saturated industry are experiencing challenges that include the economic downturn, increases in uninsured care and an overwhelming competitive environment. Every successful industry dominating the world today possesses some secrets that you only get to unfold with time and so does the world of medicine and healthcare. But, in order to utilize the hidden revenue opportunities in healthcare, it is crucial to explore safeguard the revenue stream at first. Here are some of the keys for you to note if you have recently been brain-storming on the secret revenue opportunities of the healthcare domain. Telehealth – A hidden revenue source The new age trend in health care domain, Telehealth is offering innovative and better r

The Top Healthcare Predictions for the Coming Year 2019

The growth and development of Indian healthcare is witnessing a steep rise in the recent years and it is all owing to the egress of technological advancements, corporatization of healthcare facilities, an influx of medical tourism, and incite for innovative healthcare. As the public needs and demands for healthcare grows, the industry has to find ways to deliver quality, cost-effective healthcare services. The consumer mindset for future looks out for services with lesser waiting times, quicker response, and convenience, therefore, the healthcare industry has to revamp its existing models with future-relevant healthcare products and services. Having said that, 2019 would definitely be a year of major transformations for the healthcare industry witnessing new entrants and innovations in the market. Though the industry is becoming more diversified and competitive, there are immense opportunities for the healthcare industry to leverage the advancements within the field. Here are a f

Jobs one can get upon attaining Healthcare Management Education

Indian healthcare sector is witnessing a rapid growth in recent years, and this is primarily owing to the high demand for healthcare services, changing demographics, economic progress, and technological advancements. The burden of NCDs, penetration of health insurance, changing demographics, and high disposable income have brought in significant strides to the healthcare sector, thus giving a boost to its growth in terms of revenue and employment. The immense growth and the widening scope of the healthcare domain have catapulted the educational front with an increasing number of students seeking healthcare management education. The healthcare industry, being a large and very complex domain, requires efficient healthcare professionals to oversee all aspects of administrative operations and health services. From small medical groups to large corporates, hospitals, and national health insurance companies, healthcare management professionals help maneuver organizations in its operati

The Environmental Impact of Healthcare Systems

Healthcare systems are fundamental for achieving and maintaining good societal health and welfare. It remains as the key factor for economic development and growth of the country as a whole. On the way to expansion and growth, the healthcare sector consumes a considerable amount of resources and energy, producing major streams of emissions and waste, either directly or indirectly through procurement, usage, and disposal of goods and services. All of these are leaving a substantial impact on the environment and as a result of which, it is time the healthcare sector acts sharply to enable a future-efficient, sustainable system of health services and delivery. Since the healthcare systems today are having a considerable environmental impact, directly or indirectly, minimizing it and leveraging the opportunities of restoring and improving the systems is necessary. This will ideally lead to an environmentally sustainable health system that restores, improves, and maintains the environ