ERP software for healthcare has assisted hospital and clinic administrations in maintaining patient records more efficiently than previous processes. With the implementation of the Affordable Care Act, stringent government regulations and standards for the healthcare industry have followed, motivating companies to invest in IT that optimize patient service.
According to a report released by business research firm RNCOS, the healthcare IT industry is expected to grow at a compound annual growth rate of 10 percent over the next four years. The study focused on analyzing two main categories. The first covered segments of hardware and software services such as hospital ERP systems, while the second component gave attention to pharmacy and laboratory information products.
"This remarkable growth of the market will likely be driven by rapid introduction of new products, growing government support and declining implementation cost of healthcare IT," the report noted.
Because new policies have motivated software vendors to supply improved cloud applications to the healthcare industry, the investment has been followed by a decrease in hospital IT technologies. Instrument manufacturers specializing in delivering vital signs monitors and surgical microscopes to care centers have reassessed their fabrication methods to produce more cost-efficient materials.
Recent Innovations in Healthcare Cloud Applications
Forbes reported that diagnostic technology based off of the one-hour photo concept has allowed nurse practitioners to set up kiosks in pharmacies to deliver faster care to patients. The process involves taking a quick cheek swab, sending the sample to a lab via e-processing and receiving a prescription within 15 to 20 minutes.
This cloud application can provide an incredible convenience, particularly for busy parents who need to take time out of their work day to bring their child for a routine check-up. MinuteClinic, the company that pioneered the technology, sold the service to CVS in 2006 for $214 million.
The cheaper it is to design and manufacture revolutionary technologies, the more accessible care will become for patients. As the new reform is expected to dramatically change the logistics of the health insurance industry, continued interest in optimizing hospital performance will allay political concerns.