Traditional institutions known for delivering healthcare cannot escape the pace at which technology is driving their industry, nor the expectations that patients bring to every touchpoint of their encounters. Success depends upon the software they deploy through the healthcare solution chain that improves clinicians’ diagnoses & treatments, secures patients’ personal data, and streamlines financial operations. These include equipment purchases, accounts payable/receivable, salary distribution, insurance reimbursements, etc.
Whereas “Obamacare” — technically, the ACA — enacted in 2010 was designed in strong measure to make healthcare affordable, the major transition caused deep and wide changes to long-held practices of care providers and patients alike.
Integrated healthcare software tools are increasingly critical for hospitals and clinics to remain viable providers.
For nearly eight years, the marketplace incentives of meeting regulations in the delivery of healthcare have been rewarded. Ostensibly, more patients are enrolled in the system and can enjoy personalized services. At the same time, medical staff and institutions who have embraced digital solutions in healthcare operations have grown their abilities to better serve the public.
How Digital Solutions Facilitate the Healthcare Sector?
Nowadays, there is a great number of various software solutions used in healthcare facilities. From practice management and insurance verification to post-acute care coordination and health monitoring — technologies help advance almost all processes in the healthcare industry.
Medical providers leverage tech tools to streamline their day-to-day operations, make the services accessible for everyone, and, of course, enhance care quality. Those who admit that the future of health is digital and can respond to the shifted preferences of care consumers — win it all.
Below, we’ll explore the four areas in healthcare where digital solutions come to help and ensure continuous positive results.
Healthcare Tools for Cost Reduction
Increased accessibility also drives competition, resulting in lower healthcare costs across the board. While hospitals and care clinics benefit from more consistently full schedules and revenue collections for fees and facilities, physicians themselves are enjoying the newfound ability to customize care for their patients.
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When integrated with other software, digital healthcare solutions facilitate communication, lessening the chance of missed appointments or inaccurate follow-through of care and medication post-diagnoses.
Medical Software at Data Protection
The branch of medical intelligence software ensures that critical patient data is collected, analyzed, and acted upon at a micro level for individual patient care; and at a macro level to understand the trend of diseases in a given population.
The Centers for Disease Control and Prevention (CDC) relies upon powerful healthcare software tools to allocate resources like personnel, educational materials, vaccinations, and medication to reduce the number of incidences in defined geographic and socioeconomic areas.
Legislation vs. Healthcare Technology
Algorithmic programming leads to government regulations issued by the US government’s Department of Health. Through the CMS, Centers for Medicare and Medicaid Services, our nationwide network of care providers can implement healthcare technology solutions that operate concurrently among multiple levels of the healthcare system.
By tracking and reporting hundreds of thousands of medical intercession data touchpoints, researchers and policy-makers continually refine healthcare recommendations and enforce mandates when needed.
For those organizations interested in improving patient-centric care and enhancing the delivery of care in general — achieving quality versus profitability is not an “either-or” choice. Instead, smartly run operations seek out digital healthcare solutions to give them an edge in providing services.
Health Care Meets RCM
RCM, or Revenue Cycle Management, takes advantage of the medical billing efficiencies that are properly designed to track and invoice patients: from initial online scheduling of a doctor’s office appointment to the final invoice payment.
Empirical evidence shows that financial costs are controlled by efficient software use. Administrative staff and health professionals save time thanks to automated communications and billing programs.
Claims are processed for acceptance or denial, AR (Accounts Receivable) balances are brought to zero, and day-to-day cash flows are better maintained due to, in large measure, the modern use of RCM. Additionally, the pervasive use of EHR/EMR data storage and retrieval, transfer communications, and interoperability among systems create efficiencies.
Healthcare software solutions that not too long ago were considered pie-in-the-sky ideas have become reality. Patients and providers are thereby being brought closer together thanks to technology.
In the Hektoen Int’l. Journal of Medical Humanities, P. Ravi Shankar writes of Norman Rockwell’s painting ‘The doctor and the doll,’ “the kind doctor seems to represent the ideal relationship between the (doctor and the girl holding the doll).” Further, some of Shankar’s students “expressed regret (regarding) the changing nature of the doctor-patient relationship (and) loss of the personal connection with the physician… once regarded almost as a member of the family.” Perhaps this type of relationship is returning to society, fueled in part by well-designed healthcare software solutions.
Building long-lasting relationships with our customers is what lies at the core of Velvetech’s working ethics. It has brought to life many flourishing partnerships and allowed us, for instance, to assist our customers with continued healthcare education projects and with the development of insurance software for verifying medical insurance eligibility.
A vivid example of Velvetech’s expertise in healthcare software development is CollectStream, a patient payment and revenue cycle management system, compliant with HIPAA and PCI requirements and integrated with leading EHR & EMR systems.
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If you’re looking to empower your healthcare operations with digital medical solutions, reach out to us and share your ideas. Our team is ready to help approach your next tech initiative and guide you across the development journey.