Global Healthcare spending’s could reach over $10 trillion in the years to come.
IoT (The internet of things) can lower the costs of operational and clinical inefficiencies by $100 billion per year.
But the real kick in the pants is the challenges that bubble up with the incorporation of the Information Technology in Healthcare Industry.
These new technologies have the potential to pose the most fearsome challenges which can’t be ignored by a wise CEO of this industry.
This article will aim to get you through the top 6 IT challenges faced by healthcare industry:
- Data and Incorporated Health Services
- Cost Crisis
- Hospital Security
- Non-Compliance with Regulatory Standards
- Effective Payment Models
Ah! (Sorry for stopping you on the tracks) but before getting deep into those relatively unknown waters, one must see what lies on the surface.
So, what Are the IT Services in the Healthcare Industry?
IT is in the air.
Yes, just like love.
No industry has got the privilege to stay away from it (or IT). And of course, it does play an inevitably crucial role in Healthcare Industry too.
Right from healthcare service delivery to administration and even outcomes of medical procedures IT department has penetrated into every nook and cranny.
Quality and affordability is cent percent guaranteed if you choose to adapt to the services provided by the IT sector.
Moreover, IT services makes it possible to optimize and even revolutionize systems in the Healthcare industry which is proven to be important!
Now, what we have below is the list of IT support services that a healthcare institution can get:
- 24/7 software and server monitoring
- Network management
- Off-site cloud data hosting and management
- Help desk support
- Cloud migration
- Cloud computing
Plus, automatic backups and highly secured remote storage are some notable, highly convincing perks!
Healthcare industries have become the frequent targets of the cybercriminals these days.
The recent growth of digital health initiatives- like telehealth doctor visits – have made the patient health information records more vulnerable than before.
So, in a sense, these digital health initiatives are the major contributors to the severe increase in breached patient records.
In addition to compromising confidential patient information, you also have to face a hefty penalty if you’re found to have violated the many compliant standards regulating the industry.
Hacks to steer clear of the Hackers
Proper safeguards like implementing multi-factor authentication and strong firewalls will act as a bulwark against the pestering hackers!
One should also look-out for the third party patient engagement vendors with the HITRUST Certification.
This certification comes with the extensive safeguards from HIPPA, COBIT, HITECH, PCI and more – which makes you immune to all possible cyber-attacks.
2. Data and Incorporated Health Services
The amount of data produced by the healthcare organizations (as they employ several AI powered applications) are massive, talking on a daily basis.
The data includes patients’ medical records, clinical notes, and transcripts, and connected device data.
You know as a professional, how sensitive these information are!
Hence, a proper data management architecture is indispensable.
Your knowledge and experience speaks for you when you know how to manage your “Big Data”, without sweat!
Defend your data!
Relational Database has expired.
Yup, now is the right time for you to turn towards a cloud-based non-relational database.
These cloud based databases are completely centralized, making things easy for you to manage.
Updating data becomes a child’s play as you can scale up and down and include as much applications as you want, always!
3. Cost Crisis
A good and successful business owner should know how important the customers are!
Does that sound a bit out-of-grid?
Well, your patients are your customers. You should know how important it is to show them that you care.
For that, you have to put yourselves into their shoes to take a balcony look of their POV.
The surging healthcare costs are highly discouraging for the patients as it makes most facilities less affordable.
CT scans, lab tests, and even follow-up visits are costing (literally) an arm and a leg.
You must also be aware that the drug manufacturing cost, insurance, administrative cost directly impacts this monstrous cost issue.
Let’s kink it out!
Tapping into Information technology for optimizing and digitizing current operations and adopting mobile healthcare solutions can very well be the solution.
Though this seems to add to the IT challenges in healthcare industry, this inevitable step has evidently helped in reducing treatment costs.
Just as importantly, the ROI benefits related to healthcare IT show dramatic cost savings from reduced staffing and resource requirements.
4. Hospital Security
Healthcare industry equals 24/7 unceasing services.
This makes the hospital security one of the mounting challenges faced in healthcare Industry.
Despite the tightened security in the restricted areas, clever criminals these days are using technologies to breach into the sanctum sanctorum itself.
(Not even Harry Potter was allowed into the restricted section, see!)
The surging incidents like thefts related to drugs, medical equipment, sensitive reports and assets should be taken into consideration, before it becomes too late.
Fight fire with fire!
Leaders have found that one can only turn again to the IT industry to make a more revolutionized innovation to tackle the external security challenges.
This should definitely be considered as one among the IT challenges in Healthcare Industry
To build all the more strong bulwarks personalized for this industry.
Information Technology can strengthen security for entities in healthcare industry by mirroring or building a counter-attack program.
5. Non-Compliance with Regulatory Standards
The block-buster entry of IT into the frontiers of healthcare industry made many gates open, creating diverse platforms for this thing to work on.
This has undoubtedly created a risk of non-compliance with established regulatory standards.
It’s like adding salt to the wound as it triggers the already existing IT challenges in healthcare industry.
For instance, the increasing usage of Healthcare Analytics evidently disrupts the usual flow of the scheduled operations.
Here’s the real threat though, this can also jeopardize employees’ and patients’ safety, attract fines, and compromise the quality of healthcare.
And the last one among those threats, as you know, can’t even be dreamt of!
It’s a BIG no-no.
6. Effective Payment Models
For reducing cost and increasing service quality simultaneously, determining financial incentives based on patient outcomes has become a Gen Z trend!
There is an increased demand for introducing new and effective payment models.
And according to the KFF health tracking poll, one out of four faced difficulty in affording their medicine.
This includes bundled payments, disbursement to patient-oriented care providers, global payments, and shared savings.
Patients and payers have become more informed when it comes to making payments and it becomes all the more necessary for the healthcare industry to move ahead of them.
But with our existing soon-to-be-expired system, implementing these new models and monitoring the processes creates a whole lot of brand-new problems.
New metrics need to be defined to measure performance and ROI, to start with.
And adapting to this modern, tech-driven administration (even to make oneself aware of all these new terms) is not an easy task to accomplish.
Jump on the bandwagon
As a healthcare provider, you should pay close attention to the development of the new trends around the payment models.
It is always wise to look to early adapters and large organizations (e.g., Medicaid) who are testing and fine-tuning these new payment models on a loop.
It will be of a big help for you to understand how best to reduce cost and improve patient outcomes while not missing out on staying profitable.
On a final note,
Remember, prevention is always better than cure.
The above mentioned are not just the challenges faced by healthcare industry but are the warnings to be looked out for before deciding on adapting to the trends.
Be a well-informed healthcare provider and leave your mark behind.