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!
Security is a major cause of concern in today”s techno savvy global corporate environment. With organizations and healthcare facilities going towards a paperless environment, most of the information transfer and storage is in digital formats. Organizations, healthcare institutions and hospitals are faced with security challenges of their records and personnel. The need to protect the privacy of employees or patients involves a critical issue of the access to the electronic information.
Through a forward looking approach with view to address the current problems of IT compliance and security requirements of the healthcare industry and corporate sectors, various regulatory controls were put in place. This includes healthcare compliance in the form of Health Information Technology for Economic and Clinical Health (HITECH) Act, signed as a part of the American Recovery and Reinvestment Act of 2009. The Act, besides adding requirements for security breaches, has also laid down security standards for maintaining electronic health records. This Act also expands the privacy provisions beyond the Health Insurance Portability and Accountability (HIPAA) Act.
Tthe HIPAA act was enacted in 1996 in the United States among other things to protect the health insurance coverage for employees and their next of kin in case of change of workplace or retrenchment. With the widespread use of electronic data exchange, HIPAA also made provisions for health care providers, insurance companies and employers to confirm to national standards in electronic health care transactions, so as to maintain high level of security. However, since the integrity of data is at risk by technological enhancements, the HIPAA healthcare act has transaction and code rules besides a number of standards and guidelines for the organizations to maintain the privacy and security of sensitive health information.
Though considered a boon to the security of healthcare information, these regulatory systems offer the entities a number of challenges too. The use of compliance management software developed by experts in the field will help organizations streamline and automate compliance initiatives. Further organizations have also made use of smart cards to identify access to the electronic documents. Such holistic enterprise-wide approach is needed for effective controls
Conformance to HIPPA/HITECH regulatory controls ensure Information security and healthcare regulatory compliance. These Acts address the security and privacy issues in healthcare industry. HITECH applies to the business associates too. Under such provisions, the business associates are also accountable for any data breaches and face penalties for non-compliance.
Exporting is an essential technique that needs to be carried out by the pharmaceutical manufacturing companies in order to make easy accessibility of the drugs to all the people who require them for the purpose of treatment. People can make use of the technology & can conduct shopping of the drugs so that they can do it from the online websites that are supports by the pharmaceutical companies. Thus, it can be truly explained that advancement of technology & medicine go hand-in-hand. Exporting is a term that represents a technique of manufacturing certain goods & services in the domestic country & transporting it to the other one. These measures are generally conducted by those companies who generate the goods with the help of direct or indirect channels. This also includes various other measures & contributes to the economic development of the nation.
Merchant exporter is a term that is referred to pharmaceutical industry wherein there is no need for the manufacturer to be the exporter. They are some of the exporters who do not possess their own production & advancing facility but achieve their drug products from other sources & then conduct the exporting process. This merchant exporter generally takes care of the interest of the producers of the drugs who also include all the clients for long- term basis.
There are various companies that are established in the country who are efficient merchant exporters & provide a wide collection of healthcare products so as to satiate the medicinal requirements of the people. They are available at reasonable rates & even the consumer is able to enjoy fascinating schemes. Their administrative foundation & qualified staff helps to provide with efficient services to the consumers to enhance the element of satisfaction.
Now, usually people get mixed with the concepts -merchant exporter- & -manufacturer export-. This can be cleared by elaborating it in a way that the prior one is the person who purchases the products but exports the same ones. The person who possesses the license of the merchant exporter, this individual can conduct dual things that include both buying & exporting. But, on the contrary, the manufacturer exporter is the person who produces the products then sets them to export. The person who possesses can perform dual techniques of production & export.
Thus, the exporter needs to acquire a -license- in both the cases that helps to solve both the cases.
Finn Anderson is the author of these article, he is belongs to pharmaceutical market, he is completed his PhD in biotech. He was writing for Rablon Healthcare since last 3 years and he is experts in writing Contract manufacturing agreement in India, Pharmaceutical Wholesale Exporter, and Generic Drug Distributor in Mumbai etc.
US healthcare IT market is going through a tremendous growth phase as countrys government is providing requisite support to the industry by providing huge incentives and formulating various regulations. Moreover, there has been introduction of many programs which would provide significant investments in healthcare IT technical assistance and resources to assist providers with adopting, implementing, and optimizing the use of customizable health IT tools and thus enhancing the adoption rate.
According to our latest report, US Healthcare IT Market Outlook 2018, countrys healthcare IT market is witnessing a tremendous growth owing to declining costs of HIT systems implementation, stricter government regulations and huge incentives for implementation. Moreover, current industry trends such as emergence of cloud computing in healthcare IT, growing strategic collaborations and rapid technological upgradation in the industry are also propelling growth in the industry. Considering the above factors, the US healthcare IT market is anticipated to grow at a CAGR of around 10% during 2014-2018.
Our report provides an in dept analysis of countrys healthcare IT industry, including the current and future market size for various industry segments. The report features market analysis of HIT segments (hardware, software and services) coupled with the in-depth analysis of major HIT components. These components comprises of hospital information system (it covers EMR, CPOE, CDSS, MIIS), pharmacy information system and laboratory information system.
Further, our study delves into the potential growth areas of healthcare IT market in the country which would help the client to get deeper information about the industry. In addition to that, various regulations have been covered in the report which are affecting industry growth or may affect in the future.
Also, we have covered an in-depth analysis of competitive landscape covering business overview, key financials, strength & weakness analysis and recent developments of major healthcare IT vendors of the country. Overall, the report provides an unbiased view into the state of countrys healthcare IT industry which would facilitate clients in analyzing the driving forces and understand the existing opportunities in the industry.
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