According to yearly evaluation from the government regulated research group and other worth mentioning survey projects, health expenditure has increased by five percentage point lately. The figures are yet to be validated but apparently health-care expenditure during 2014 would represent the biggest rise since the last formal recession of 2008. The Affordable Care Act, debated in 2010, highlighted some measures to reduce health-care costs, constituting penalties for health-care givers whose patients are retreated after spending a month in a hospital.
The rise in medical care expenditure for 2014 was totally a surprise. Americans in tens of millions have been able to avail health insurance via Affordable Care Act, state funded Medicaid programs, and employment opportunities created by medical institutions. According to economists all of them combined are driving the rise in people being covered by medical care coverage and in turn increasing the spending. The US centre for disease control has anticipated that the rise in spending would somewhat stop in the on-going year, with the aggregate health care expenditure growth of approximately 6 %. Confirmed statistics for last year reconciles with everything regulators, institutions, and professionals have been saying so there remain to doubt to their analysis.
Number of people who availed the recent Obama Care package primarily focused on public servants and other insurance coverage available are said to be the reason for the rise. Drug prices have also been on the rise forcing the people to spend more. Despite the fact that medication constitutes about only 10% of the all states health care bill, expensive new treatments of diseases like hepatitis C and cancer have found a place in the market. A wave of revolutionizing drugs lost patent rights in recent time helping to ease drug costs but phenomenon is not likely to continue in the future. The question arising now is whether a rise in spending is stimulated by rise in drugs only or there are other factors at play. From the healthcare professionals’ standpoint, not only drugs but other factors involved like doctors, hospitals, nursing homes all would play a role in minimizing the spending and easing the burden on end users. In totality, spending is a mixture of how expensive any test and treatment is and cost incurred by institutions in delivering it. Despite the volume of medical care service being delivered is going up as more people are availing health insurance, there are indications that providers are dealing with intense pressure to maintain the prices they charge in control. A rough estimate of price being charged by service provider and regulatory body included in the Consumer Price Index report indicates that hospital rates on the whole reduced when compared with earlier years. Several companies who provide healthcare software solutions have been trying to mitigate the complexities by developing healthcare applications that streamlines the processes involved in healthcare.
To analyse the impact of how medical care cost growth is having an effect on the pocket of a standard US family, researchers gathered data from all the available avenues to project the effects of increasing health care costs on an average-income family of four covered by coverage provided by the company. The data made a contrast of the household health care cost share in 1999 with that in recent times. Many thought provoking findings came out of research. Even though household income was on a rise, the trickle down benefits that they should have accrued were largely offset by growth in health care thus retaining only $95 on monthly basis. If costs traced by the rise in the CPI index had remained stable, an average US family would have had an extra $450 per month that they could have utilized on other things.
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A growing number of physicians are making use of EHRs, and yet that does not mean that many of them are positive or happy about its efficiency. Based on one of the recent study by Accenture, out of 600 American doctors, a part of 2,600 doctors study in 6 countries. The use of EHR in the USA has raised to double figures from the physicians ever since 2012. Although, the percentage of perceived advantages from 2012 to 2015 has dropped. Just 46% currently feel that electronic health records (EHRs) enhance treatment, down from 62%, 64% feel that EHRs reduce medical errors, down from 72%. Out of them, 46% feel that the tools enhanced health outcomes, a drop from 58% in the year 2012. Fully, 70% think that EHRs minimize their time with patients, over 76% report the deficiency of interoperability as restricting the standard of care they give you.
As per the 2015 Technology research, it is discovered that 53.3% among 1,181 respondents have completely executed an EHR, whereas 19.6% don't posses even one. The rest perhaps have been working with a hospital-based system or maybe were undergoing some implementation. Among those practices which didn't have an EHR, the reasons for not implementing is because they couldn't see it would enhance patient care. Those who had implemented an EHR stated that the system did not really made any difference in their life, 15.5% observed drop in the productivity, whereas 36.9% are finding fewer patients on a daily basis upon implementation of EHR. Just over 51 percent of the respondents experienced no difference in a number of patients seen.
Insufficient interoperability was pointed out as the most pushing IT issue for 14.2% of respondents, 13.8% respondents mentioned implementation had been their main concern, whereas 13.3% battled to meet the Meaningful Use requirements. In addition to this, 62.8% said that they have successfully attested to MU Stage 1 of the program, just 34.6% respondents have attested to MU Stage 2. While 49.4% of the respondents mentioned that their vendor have fulfilled the Stage 2 requirements. Only 12.9% of the respondents have been fully happy with their EHR vendor, whereas 42% have been merely pleased with their vendor and 27.9% have found their vendor as mediocre. A number of respondents that were dissatisfied or very dissatisfied were 17%.
While 66.5% two-thirds of respondents stated that their EHR enhanced patient documentation, only 32.3% one-third of the respondents mentioned that it has generated revenue to their investment. About 36% of the respondents have performed a security risk analysis to their EHR's weaknesses in protecting electronic patient data, while doing this is a necessity of both the Health Insurance Portability and Accountability Act (HIPAA) and the MU program. For all the hype regarding data sharing, over 77.6% three-fourths of the respondents had not been in a health information exchange. Merely 40.3% have been using a cloud vendor. The study confirms another research over doctor EHR adoption. Most of the doctors that are making use of the systems and they haven't completely accepted.
Physicians are experiencing several challenges using EHRs as well as the Meaningful Use program, and they are being given an opportunity to express them publicly because of a new effort initiated by the AMA, launched a meeting on July 20. The meeting was done along with the Medical Association of Georgia (MAG), was aimed towards allowing doctors to express their feedback on EHRs as well as Meaningful Use so that a 'clear message' could be forwarded to the people who are in the policy making, as stated by Steven Stack, President, American Medical Association.
Electronic health records have a lot of potential, however, that isn't the only reality, Stack stated during the event. He advised the doctors to express their experiences, negative or positive by using a new website, BreakTheRedTape.org, as well as on Twitter using #FIXEHR. The American Medical Association (AMA) focused entirely on usability plus the smooth flow of the information, in addition to the need to delay Meaningful Use Stage 3 so it may be aligned along with other payment models, Steven Stack mentioned. At present the efficiency of EHRs is blunting, their effectiveness is decreasing and getting around doctors and their patients.
The whole lot of doctors participating in the meeting at the town hall shared their reviews using the systems; most of their feedbacks were negative, apart from electronic prescribing. Instances of the certain issue included workflow concerns, reduced productivity, deficiency of interoperability, not being able to meet Meaningful Use Stage 2 as well as the expense required for the systems. Many said that they have been so disappointed using their EHRs as well as the MU program that they perhaps stopped the use of EHR or decided not to take part and incurred the penalty.
At Mindfire Solutions, we have been providing custom healthcare IT development services to our esteemed clients for more than 11 years now. Our healthcare team can help you with development of custom EMR, EHR, PMS, CPOE and mobile healthcare mHealth app development to name a few, or we can customize your existing products as per requirements. Please feel free to write to us in case of any custom healthcare needs and we will revert back in one business day. You can also avail our limited period Risk-Free Trial offer.
Telemedicine is a method which uses all the advanced digital technologies. Telemedicine has moved way beyond the tele-radiology systems which has been in use over the past many years. Nowadays, telemedicine features a range of applications as well as services using video conference, smartphones, email, wireless tools and various other types of telecommunications technology which help doctors serve remote patients. Many healthcare areas have increasing healthcare expenses or limited accessibility to physicians, to ensure the healthcare service in that region doesn't work at the most effective level. Though, the telemedicine is the solution for the physicians and the patients who want to communicate better and also get better results more simply and efficiently.
There are numerous forms of telemedicine. One simple standard of telemedicine involves those who have access to internet. Lots of patients can easily go to a medical provider's website in order to confirm an appointment. A medical provider can use a camera to interact without any patient's presence or without the need to meet him or her in an office. The telemedicine system could also be used by world renowned physicians who want to contact one another and discuss various treatments. A professional can arrange for one more professional to hear on a patient condition without the need of physical presence in an office.
Telemedicine has many benefits on local, national, or even on international levels. Telemedicine has the ability to gather the very best healthcare professionals in order to resolve a number of world's most complex medical issues. In developing nations, telemedicine helps the medical professionals who have reduces resources and doctors. Specialists who operate in countries having significant medical resources helps less privileged professionals who are in need of help and support for medical diagnoses and the treatments. Telemedicine, currently has helped doctors' to evolve the idea online. This particular care health management solution has helped in saving many lives even at the time of severe conditions, particularly when patients find it hard to get to the hospital timely.
Telemedicine is simply not depending on phone calls. Video conferencing turned out to be an important part of telemedicine. Patients and local healthcare professionals are getting online diagnosis quite easily. Patients are even getting experts' advice and also are getting suggestions and ideas for handling a particular case. These types of technological progress have certainly helped people to receive a wide range of beneficial measures timely. One of the main benefits of this type of care health management services is that it facilitates people to obtain easy accessibility to high level of healthcare services. Telemedicine solutions are mostly excellent for the rural areas, in which advanced healthcare medical facilities are rare to find. Telemedicine, hence, enable people get good medical advice through phone or Internet to further improve on their health. This idea of care health management services has helped millions of US people those are based in villages and are not able to reach advanced healthcare services.
More than 50 percent of U.S. medical centers currently use some sort of telemedicine, growing communication with clinics at remote areas, which consequently provides health access to a lot of people. In addition telemedicine gives a chance for growth of physician practices. Indeed, the American Telemedicine Association (ATA) reports the volume of present networks of telemedicine in the usa are around 200, giving connectivity to above 3,000 sites. Telemedicine can transform nursing homes, prisons, schools, rural health centers and many other institutions which could take advantage of remote healthcare. Not just the telemedicine will significantly save doctors' travel expenses and the amount of time to reach patients, however it will even reduce overall medical or pharmacy expenses by minimizing hospital admissions as well as.
Telemedicine provides doctors and the patients’ enhanced mobility, which indicate that saving both time and the money. Health care professionals even are getting benefit by greater outreach. Numerous studies have always indicated that the standard of healthcare services provided from telemedicine is actually as good as those offered in usual in-person consultations. In certain areas, especially in mental health as well as ICU care, it offers an excellent service, along with better results and the patient satisfaction. Consumers demand telemedicine. The most effective results of telemedicine are seen in the patient, family members and their community. Making use of telemedicine technologies minimizes travel time along with related challenges for the patient. During the last 15 years, one after another study has reported the patient satisfaction and the support for the telemedicine services. These types of services are offering patients the access to the providers which could never be available usually, and additionally health services without having to travel long distances.
At Mindfire Solutions, we have been providing custom healthcare IT development services to our esteemed clients for more than 11 years now. Our healthcare team can help you with development of custom EMR, HER, PMS, CPOE and mobile healthcare mHealth app development to name a few, or we can customize your existing products as per requirements. Please feel free to write to us in case of any custom healthcare needs and we will revert back in one business day. You can also avail our limited period Risk-Free Trial offer.
All around the world, remote healthcare services and technology are rapidly growing are becoming highly popular for healthcare organizations. The adoption of the telemedicine services varies in different countries. Although, the U.S. is one of the slowest to understand the extensive and the positive aspects these systems could deliver.
Number of studies have already been carried out in looking into tele-monitoring, many of these studies showing how beneficial remote healthcare can be. Findings have actually featured reduction of readmissions in hospitals by 83%, reducing visits by 66% in home nursing, as well as bringing down the overall costs by over 30%. Additionally, patients and health professionals making use of telehealth technologies have noted greater satisfaction with the treatments. These studies have already been sufficient to encourage various nations, including the United Kingdom, to include remote healthcare in their existing healthcare practices. Even now, the body of evidence encouraging remote medicine as well as its outcomes keeps on growing. Hard data consistently mounting in support of remote healthcare. The huge cost savings can't be overlooked and hardly anything else has proved better to minimize these costs. The advanced communication between physician and patient it facilitates will eventually make the remote medical services and the telemedicine technologies an important part of many healthcare organizations.
Nowadays mobile phones along with tablets are being used for almost every single thing, from keeping track of your bank account to booking a cab, therefore it would only be sensible when health care be associated with this technological growth as well. Many people think that the telemedicine will be the future of health care in the U.S.
Recently, in a trade show at Los Angeles by the American Telemedicine Association (ATA), a telemedicine provider, American Well, announced 'Telehealth 2.0', an extensive set of telemedicine services and products. Included in this are live video visits over the phone and on the web, immediate patient data, also the potential for physicians to check and accept or decline visits to their smartphones. Roy Schoenberg, CEO at American Well, mentioned that telemedicine is just the beginning and they're going to take telehealth which was used as a ease measure for the patients and place it in the hands of doctors.
The rise in popularity of telemedicine is due to the convenience. The new app from American Well for doctors includes integrations with Apple’s biometrics allowing patients health records on the touch of a finger. There is another app from American Well that connects patients with physicians in just 2 minutes. As indicated by Forbes, American Well, physicians eventually conveniently shifting in between their virtual and the physical waiting room patients, a system that will let them see more patients than before. Enabling physicians to handle minor health issues, for example cold and flu in a virtual system could ideally make more space in the real waiting rooms for even more seriously sick patients.
Schoenberg mentioned that other than the flu and cold, telemedicine has the capacity to deal with more complex situations, for instance cancer and heart ailments. Already, American Well has been working with major hospital systems such as Cleveland Clinic and with Massachusetts General are now using American Well technology for treatment of patients. These two organizations have begun to realize that the type of care they could extend will significantly be different if they see you in the home all the time, while you are going through an ongoing treatment, Schoenberg stated. Schoenberg also mentioned that we might soon see a time when services such as American Well can link you not only to some old doctor, but will connect you to your own doctor.
UnitedHealthcare has established collaboration with 3 telemedicine organizations in order to address video-based physician visits as it covers in-person visits. The technology has for many years expected that we will someday get our medical care through video chat, however it was not till in recent times that forward thinking doctors began taking potential of telemedicine seriously. The move from so influential a player within the healthcare industry to the telemedicine certainly is a strong indication however the technology is getting into the mainstream. An American magazine Wired, published in print as well as online editions stated that UnitedHealthcare, WellPoint, Oscar and the several BlueCross BlueSheild plans have implemented telemedicine programs in recent times.
According to Schoenberg around the clock care might take some time to get on, however the United collaboration may help and push those ideas forward.
At Mindfire Solutions, we have been providing custom healthcare software development services to our esteemed clients for more than 11 years now. Our healthcare team can help you with development of custom EMR, HER, PMS and CPOE development to name a few, or we can customize your existing products as per requirements. Please feel free to write to us in case of any custom healthcare needs and we will revert back in one business day. You can also avail our limited period Risk-Free Trial offer.
Telemedicine seems to be the biggest development within the digital health this year. Skip Fleshman, Partner at Asset Management Ventures (AVM), put in plenty of time talking to the top healthcare providers and the insurers regarding their technology requirements. He found that the telemedicine is the most interesting area for both providers and the insurers. Hospitals, extending telemedicine services is an approach to cut costs when offering consumers with the benefits and the convenience they desire. According to Andrew Watson, CMD of Telemedicine in University of Pittsburgh Medical Center, Telemedicine is evolving very speedily. We are capable of doing a lot more than what we used to do in the past, he added. Faster Internet connections along with much better software, enable much better video chatting than in the past. Through widely used mobile devices, many people are now able to gain access to consultations from anyplace. As well as the introduction of electronic health records (EHRs) has probably improved the convenience of getting digital.
Telemedicine has enhanced to feature asynchronous messaging, through which patients are more and more at ease using it and also enables doctors to use their time in a better way. A doctor now is able to advise many patients in regular issues, freeing up much more time to give attention to in-person on more difficult or complex cases. During the last couple of years, progressively more number of patients have turned to retail pharmacies within their areas for regular healthcare services as that is easier as compared to see their doctor and will certainly not need to leave their houses in any way.
Initially, it appeared that this convenience might attract largely to the younger patients, who supposed to have the ability to access facilities online, it certainly does. However the community where it has the most impact is probably to the older group. According to Dr. Steve Ommen, Associate Dean in the Center for Connected Care in the Mayo Clinic, older patients to get enthusiastic in adopting the facility. The fastest raising group to social media certainly is the above 60 years group. They are certainly not technology-averse in addition they experience the greatest mobility concern as to going to a doctor. A telemedicine solution might be what exactly they need, he added. According to the provider’s point of view, telemedicine has got the potential to save lot of money and has ability to increasing the value of a doctor’s time. Nowadays, doctors devote considerable time with patients who don't have to be at the office, added Dr. Ommen.
Hospitals when implement telemedicine, it can help in keeping consumers involved to their primary care providers and include to their present medical record. Like, Carolinas HealthCare System in recent times rolled out one virtual visit program which allows any one of their 1 million eligible patients to gain access to a provider anytime with a one-time fee. Whereas the provider to the virtual consultation can observe the patient’s medical record as well as their notes could be accessed from the primary care physician and the care team. Dr. Greg Weidner, MD of primary care innovation and proactive health as Carolinas, mentioned that, they are able to afford to offer convenience and efficiency, even though not compromising on any of the advantages of carefully coordinated care.
According to the providers, their main challenge in telemedicine is finding out the ways to cover the cost. But also as they are being paid for the outcomes instead of procedures, they are incentivized to offer care at the most effective way possible and also telemedicine is less expensive compared to in-person care. Skip Fleshman, appreciates the startups such as Doctors on Demand and the HealthTap, telemedicine has already been accessible to consumers across the country. He pointed out that someday, providers might partner with such platforms in order to connect their doctors to patients. And also, such apps can be provided by the organizations or insurance firms in reducing costs or even help improve the quality of care. In reality the potential in telemedicine is noticed long back, but now he believes that it's going to take hold. People are enthusiastic about the service and also the providers ultimately get both financial incentive as well as the technological ability to turn it into a reality. He concluded expressing that not only he has an interest in this particular trend, but he is expecting that it's going to change the relationship of doctor-patient.
At Mindfire Solutions, we have been providing custom healthcare software development services to our esteemed clients for more than 11 years now. Our healthcare team can help you with development of custom EMR, HER, PMS and CPOE development to name a few, or we can customize your existing products as per requirements. Please feel free to write to us in case of any custom healthcare needs and we will revert back in one business day. You can also avail our limited period Risk-Free Trial offer.
During the last few years, the market of wearables has not only been expanded but it really has skyrocketed. Fitness trackers have given rise to smart watches and many other niche offerings which include stress trackers, smart bandages and many more. Those does not even feature other mHealth solutions, for example web-connected glucose meters, which even now provide health data for the cloud with no need to wearing them at all times. According to CDW Healthcare, wearables could possibly save the healthcare system $200 billion during the next 25 years. Smart technology is obviously something which is going to be the answer to the efficient operating of the future society, particularly when it is about healthcare.
The wearables market throughout the world has celebrated its 8th consecutive quarter of progressive growth during the 1st quarter of 2015, as mentioned in an IDC report. The IDC report said that the vendors have shipped an overall total of 11.4 million wearable products in the first quarter this year, which is 200% increase from the corresponding last year when it was around 3.8 million wearable products were shipped. On the other hand, ongoing growth is associated with innovation, hence the leaders of the industry, which include Fitbit, along with newcomers are aware of the user expectations related to services and the use.
Ramon Llamas, research manager, at IDC wearables, informed that the leadership of Fitbit is associated with a number of factors, which include the quality of device and the user experience. Llamas mentioned that he expects the company does not have a knee-jerk response in moving towards the smartwatch sector, after the launch of Apple's Watch. We have seen a groundswell of interest to the company to enter smart watches which allow for the 3rd party applications, however I disagree, he said. That significantly changes the proposal for Fitbit, rather than working on its primary mission - change behaviors to fit a healthier lifestyle. A couple of weeks after IDC report arrived Fitbit stated that it has been refiling for the initial public offering using new documents planning to raise $358 million with an expected value of $3.3 billion. This amended filing was introduced in the heels from a lawsuit from a competitor Jawbone which claims that the Fitbit is poaching employees, on top of that, latest Argus Insights study reports the wearable maker is battling and therefore its leadership with wearables is below 50%.
Llamas said that, Fitbit's continuous market leadership is actually associated with working on offering users with increased prescriptive data as well as insight about practical areas, and additionally expanding features associated with user interaction. The research company anticipates about decreasing price ranges on wearable tools, consisting of displays, processors and sensors, will also get the better shipment figures. All of them are turning to be more cost effective, and the vendors are usually in a position to possibly pocket or move the savings to the user, Llamas said. Worth erosion is going to be steady and caused by various areas quicker than the others, similar to a health & fitness tracker compared to a smartphone.
Llamas believes that the market winner may be the one among the most ideal brand. The challenging part is even differentiation, since a lot of devices and the vendors are trying to do the same thing. We should get creative and also pull in new elements, including social media and activities, linking to systems, working on certain niches, particularly around the enterprise, and also we are till now simply scratching the surface upon exactly what health & fitness applications should be introduced to bear, Llamas said.
The wearables relating to the healthcare industry is obviously a market which will significantly grow during the period of 2015 which will continue in to the future. The technology is obviously very innovative while the best thing would be that it is obtaining FDA clearance along with other medical clearances by the regulatory boards from around the globe. Cloud based technologies even are going to playing an important role in the healthcare smart wearable market. Even though some technologies are now in development phase and are usually getting informed to the general public, some were already out for a couple of months. However these products should really begin to be more aware for the general public and start to move towards making the year 2015 as the year of smart wearable specifically for the healthcare industry. Smart wearable technology within the healthcare industry will certainly discover a number of inventions in the near future.
At Mindfire Solutions, we have been providing custom healthcare software development services to our esteemed clients for more than 11 years now. Our healthcare team can help you with custom EMR, HER, PMS and CPOE development to name a few. Please feel free to write to us in case of any custom healthcare needs and we will revert back in one business day. You can also avail our limited period Risk-Free Trial offer.
