The discussion of how to deal with rising demand in the healthcare industry has persisted throughout the years, with wildly varied outcomes. In addition, concerns about the amount of funds being spent by the medical industry have also invited many discussions on methods to save money.
However, as advancements in technology have proven to raise the bar of quality and efficiency in other industries — such as the manufacturing industry —, insights into technological solutions for the medical industry have shown why technology may be pivotal to relieve its pressures. Here are some further details:
There is only so much in efficiency that can be accomplished by adding more human resources, like nurses, doctors, etc. People are limited in both energy and ability, meaning they can only engage in a task for so long until they become stressed or exhausted, which severely hinders their ability to continue working at a reasonable level of efficiency.
While technology may also have its own limitations, there is almost always a way to fix errors, install updates, and keep things running at maximum efficiency, in contrast with situations where a staff member’s consistency fluctuates depending on their state of mind and well-being, no matter the amount of attention given to them. Not only that, but when technology is running smoothly, it more consistently delivers on what it’s supposed to, whereas staff member’s energy slowly declines over the course of the day.
Furthermore, this efficiency is capped by the economic burden that is a consequence of increasing staff, such as salaries, benefits, insurance, and ever-increasing responsibilities for management. The healthcare industry already faces rising economic tension, so practicing wise financial management is a necessity. On top of that, the current financial ceiling is even lower as hospitals around the United States are losing revenue due to the coronavirus pandemic. There is oftentimes little room to hire more medical personnel, so hospitals should be very cautious when considering bringing new staff on board. As most modern technological solutions are scalable, they turn out to be much more affordable for medical centers as time carries on.
Technology — like Healthcare Administration Software — allows medical practices to expand the efficiency of their services with existing staff. Training and onboarding may be required, but it is a much more attainable way to deal with rising demands.
In the case of healthcare administration software, staff members will find fewer document errors and quicker processing and access, helping operations run much more smoothly and efficiently. This gives medical staff more time and energy to invest in treating and caring for their patients, which is especially valuable as demand continues to increase. As an example, the United States could save $175 billion in healthcare costs just by halving administrative costs, which is easily attainable when healthcare administration software is properly integrated.
High demands and rising expenditures have been the norm for the medical industry, and the time has come for that to change. Technology is paving the way toward a brighter future for patients and medical practitioners alike.