Healthcare has lagged behind industries like retail, travel, carmaking, and packaged goods in terms of digitization. More than two-thirds of American hospitals still fax and post patient records. The exposing of digital inefficiencies due to the pandemic is finally prompting change for the industry of healthcare. Obviously, when lives are on the line, faxing and inefficient data transfers could spell disasterous.
Moving Forward
Due to shutdowns and mandatory stay-at-home orders, doctors have embraced virtual communication and analytics that other industries adopted years ago. Patients are becoming used to remote diagnoses and computer-assisted treatment. Firms seeking to cash in on these innovations range from health-app startups, hospitals to insurers, pharmacies, and tech giants like Amazon, Apple, and Google.
Regulators around the world are pushing healthcare providers to develop their systems. The EU for example is promoting an electronic standard for medical records. In August 2020, the government of India released a plan for creating a digital identity with the focus on readily connecting and exchanging information. China’s government is trying to update its systems to avoid losing patients to rivals. There are also several large international corporations seeking to promote the new common standard.
Demand for digital medicine is surging. But with many fads, some of these investments will turn out to be hype. Failing fast is hardly an ethical way to practice medicine, but embracing change in the industry has been needed for quite some time. However, technologies like wearable health monitors, cloud networks, and advancements in data analytics make their adoptions look more profitable than ever. A study by Stanford University showed that nearly half of American doctors surveyed used such devices. Even the Apple Watch has been shown to predict a medical problem known as atrial fibrillation in a clinical trial. Intelligent Augmented Reality is a new method of applying virtual environments into a physical environment and this has been radical to say the least in terms of a new method of diagnosing patients.
Let Credence Global Solutions Help
On the practitioner side, there have also been extreme leaps taken by way of revenue cycle management and automated billing. These AI driven methods can help promote efficiencies in adopting a method of billing that keeps revenue coming into practices where once was more difficult. This method of practice optimization can help develop small clinics into larger more profitable investments. Credence Glocal Solutions can offer all of these methods.
Credence Global Solutions’ methods of dynamic and efficient management can take your practice to the next level. By allowing practitioners to focus on what they do best, Credence Global Solutions utilizes our proprietary methods of revenue cycle management, intelligent AR and support for providers that have put them above the rest when it comes to healthcare provider support and practice optimization. Look toward Credence Global solutions when deciding who to take your medical care to the next level.
