In the United States, healthcare costs make up more than 17% of GDP.
The data that healthcare organizations generate, collect, and manage is massive, having an ever-growing impact on the industry. RBC Capital Markets, a global investment bank, estimates that approximately 30% of the world’s data volume is generated by the healthcare industry. By 2025, the compound annual growth rate of data for healthcare will reach 36%. That’s 6% faster than manufacturing, 10% faster than financial
Read More
Health IT & Digital Health-Opinion | Op-Eds | Guest Columns | Analysis, Insights - HIT Consultant
Data Integrity, Security, and Confidentiality: The Building Blocks of Healthcare Data Management
Stethoscopes, needles, tourniquets, and blood pressure cuffs are what typically come to someone’s mind when thinking of items used to assess, diagnose, and treat patients in a healthcare setting. While these physical tools within a hospital or private practice are important, unstructured data also plays a critical, yet often understated, role in the overall care experience of a patient.
Lab results, transcripts, radiology imagery, and physicians’ notes all fall under the category
Read More
Why Value-Based Care Requires Value-Based Administration
Value-based care (VBC) is finally gaining steam among healthcare organizations as executives look to implement processes that boost patient outcomes and rein in elevated levels of spending. To that end, more than 90% of health system executives say they expect VBC contracts will continue to grow in the coming years.
Despite the widespread popularity of the concept of VBC, making it work is something of an “all-hands-on-deck” approach. VBC relies on the collaboration between many
Read More
How Healthcare Consumerism is Driving Integration in 2022
Healthcare consumerism is not just a buzzword. It’s a movement changing the reality of how it is delivered. Retailers and other industries like banking and travel with strong consumer strategies understand how to appeal to consumers through convenience and simplicity, two characteristics that healthcare is trying to emulate.
A 2020 consumer experience study uncovered that the process of finding, accessing and paying for healthcare in the U.S. is so inconvenient that half of the consumers
Read More
5 Trends Bringing Effective Intelligence into Revenue Cycle in 2022
5 revenue cycle management trends that will drive adoption of automation, data-first processes, employee effectiveness and virtualization
Many physician practices are facing a harsh reality as they enter 2022: The revenue cycle processes and technology that have traditionally produced an acceptable bottom line are no longer delivering.
Tectonic shifts in the way healthcare organizations are reimbursed are unearthing the shortfalls of reactive systems that don’t get ahead of claims issues,
Read More
What the Crisis-Adoption of Telehealth Can Teach Tech Leaders
The pandemic disrupted many industries, but few experienced the level of change seen in healthcare. During the pandemic, the healthcare industry evolved from slowly adopting technology to implementing new technology strategies virtually overnight to continue patient care, most notably through telehealth. Moreover, during the pandemic, government deregulation helped drive a surge in virtual care, which was especially critical for patients with chronic conditions and at high risk if they were to
Read More
3 Ways Conversational Insight Can Unlock a Positive Patient Experience
The healthcare landscape is changing, and not just because of the pandemic. Trends like consumerization and reimbursements tied to patient experience have pushed many healthcare providers toward an accelerated digital transformation – including the modernization of the contact center. Those that have embraced this transformation have started to implement solutions and structures like patient portals and a single contact center that handles every patient request, from appointment scheduling to
Read More
M&A Analysis: Getinge Expands Digital Solutions Through Acquisition of Talis Clinical LLC
In December 2021, Getinge announced its plans to acquire 100% of the equity interest in US-based Talis Clinical LLC. Talis Clinical LLC provides high-acuity IT software platforms.
- Talis Clinical was founded in 2013 by Gary Colister (CEO) and Roger Hungerford (Chairman).
- Talis Clinical’s software applications include Critical Care, Cardiac Surgery/Perfusion, Extracorporeal Membrane Oxygenation (ECMO), Anaesthesia and Labour & Delivery.
- Getinge has a comprehensive
Read More
The Next Evolution of Telehealth and What It Will Take to Get There
Telehealth has been majorly beneficial to millions of patients and providers throughout the pandemic. To continue being efficient and delivering results, however, virtual care must evolve quickly. Healthcare organizations will need to implement telehealth for use cases beyond the reactive video-only model they’ve grown used to during COVID. Now, there is an innate need for telehealth to encompass a broader range of conditions and contexts across the whole care continuum.
Healthcare leaders
Read More
Nurse Burnout Even Bigger Challenge Than Physician Burnout
The pandemic has pushed nurses to the brink. A recent survey by the American Nurses Association reports 51 percent of nurses feel overwhelmed, 76 percent report exhaustion and burnout, and nurse-to-patient workloads have tripled. (Jan. 2021). Hospitals function on the back of nurses, and the current burnout levels cannot be sustained.
In addition to the pandemic, Electronic Health Record (EHR) systems share a big part of the blame. EHRs were introduced to the health care
Read More
