The healthcare industry is in a continuous spiral of consolidation and transformation and has only exhibited remarkable growth trends since its evolution. Profound changes are happening within and across different internal sectors.
Hospitals are merging or acquiring other hospitals and physician practices; insurers are growing; providers are creating value-based relationships; and health IT vendors are consolidating to provide quality health care. With enhanced methodologies and emerging technologies, healthcare space has certainly made significant advancements. However, delivering a complete healthcare experience is still far from ideal, and turns out to be inefficient, ineffective, and unfriendly often.
In the US alone, a whopping amount of $ 3.65 trillion was spent on health care in 2018, according to a report from Axios.
Data from OECD proves that the US per capita healthcare expenditure is $10,209, which is the highest in the world.
Despite spending more money than any other country in the world, health outcomes in the US are unsteady or shaky. In fact, it ranks 27th when it comes to healthcare.
Poor healthcare delivery is the reason for this disparity. The little coordination among various healthcare providers and the fragmented, siloed nature of data produces such bizarre outcomes.
Enormous investment has been made in healthcare to make it silky smooth and patient-centric. In order to deliver this, healthcare providers need to hone their data sharing capability to not only help improve current processes but also drive innovation across healthcare domain.
Improved innovation can make healthcare treatments more efficient and cost-effective. For example, modern medical equipment can capture even the slightest variations in the patient’s pulse. Patients with severe health conditions can easily travel from one unit to another for tests and treatment. Or even better, patients can take advantage of interoperable health with a vertically-integrated system.
Integration is the key enabler of these innovations. It helps systems come together to provide crucial insights into healthcare data for high-quality patient care. In addition, healthcare integration allows health providers to build and develop a multidisciplinary team thriving on information transparency and interoperability.
Integration can empower innovation in healthcare. It has become central to remaining responsive and nimble in this changing landscape.
As per the report of Market research engine, the Global healthcare IT integration market is estimated to grow at 10.2% and exceed $3.73 billion by 2022.
Integration has made health care units patient-centric and well-connected. With integrated patient records or EHRs, healthcare units can aid personnel to view the health status of their patients, identify gaps in care, and devise a strategy that aligns with patient needs. It promotes greater control to coordinate throughout the entire continuum.
Integration even enhances efficiency and network performance. Different healthcare settings can be combined to ensure a hassle-free experience for the patients. By enabling supreme consistency across all areas of information as well as data management systems, integration systems can eliminate the dispersed and siloed nature of applications and data to extract insights on time, thereby saving millions of lives.
In the wake of a changing healthcare landscape where time is of essence, integration allows organizations to reduce the likelihood that a patient’s care will fall between the cracks. Integrated healthcare systems promise highly personalized care tailored to the patient’s needs. With best-quality care made available to patients, life expectancy and quality of life can be improved. Ultimately, integrated healthcare systems can play a key role in filling the gap between healthcare costs and outcomes.
Rely on industry-best Healthcare Integration Solutions to drive innovation, streamline collaboration, and improve the quality of patient care.