Step into a clinic in 2025, and you’ll see something very different from the clinics of old. The clipboard? Gone. That waiting room magazine from 2019? History.

Instead, an AI system analyzed your symptoms before you arrived. It cross-referenced your genetic profile with millions of patient records. It flagged potential concerns. It suggested personalized treatment options. All this before you said a word.

AI in healthcare isn’t coming. It’s here. And it’s transforming everything.
AI in healthcare is no longer optional. It’s essential. For patients. For providers. For everyone who wants better, faster, cheaper medicine.

Through this blog, we aim to help you grasp exactly how AI in healthcare transforms medicine from reactive to predictive, and you’ll have a clear roadmap to implementation.

Top Applications of AI in Healthcare: Where It Actually Makes a Difference

How is AI transforming healthcare today? The global AI healthcare market is projected to explode from USD 19.27 billion in 2023 to an astounding USD 613.81 billion by 2034, growing at a CAGR of 36.83%. That’s not incremental growth. That’s a fundamental shift in how medicine works. Where can you see this the most?

In the three forces reshaping healthcare: Personalization, Diagnostics and Automation.

Think of diagnostics so fast they catch diseases before you even feel off. According to a Nature meta-analysis, AI in digital pathology achieves a mean sensitivity of 96.3% and a mean specificity of 93.3%. That’s expert-level performance, available 24/7.

Think of what it can do with admin tasks. Now, your hospital runs on paperwork. AI changes that. Doctors drown in electronic health records. Nurses waste hours on administrative tasks. Treatment is delayed. Mistakes happen. Costs explode. AI in healthcare solves these problems at their roots.

Here’s a look at what is possible:

Streamlining Administrative Tasks

Administrative work takes up to 30% of healthcare costs. Scheduling. Billing. Coding. Insurance claims. These tasks don’t heal patients. They drain resources.

AI in healthcare simplifies operational complexities:

  • Identifies no-shows in advance and adjusts schedules effortlessly.
  • It streamlines medical coding with high accuracy, ensuring claims are accurate and minimizing rejections
  • Billing automation catches errors before submission, accelerating payments
  • Insurance verification is completed in seconds instead of hours

Personalization: One Size Fits None

Every patient is different. Their genetics. Their lifestyle. Their environment.

AI in healthcare makes medicine personal:

  • Tailored treatment plans
  • Adjusted medication dosages
  • Customized care pathways
  • Personalized risk assessments

The result: better outcomes, fewer side effects, happier patients.

Improved and Quick Diagnosis: Speed Saves Lives

Diagnostic errors kill. A missed tumour. A misread scan. A delayed treatment. Human doctors are excellent but fallible. They get tired. They miss patterns. They have bad days.

AI in healthcare never sleeps. It analyzes millions of images, lab results, and patient histories in seconds. It spots patterns humans can’t see.

Another study shows diagnostic error rates dropped from 22% to 12%—a 45% reduction—when AI-assisted clinicians. For pulmonary conditions, AI detection accuracy reached 92% versus 78% for manual interpretation.

How Does AI Help in Disease Diagnosis and Early Detection?

Let’s dive into the real clinical punch of AI—how it sifts through massive datasets in seconds, spots diseases before symptoms whisper, chops medical errors nearly in half, and builds treatment plans that feel tailor-made instead of template-driven. It’s not just smart; it’s economical too, cutting hospital readmissions by 30% while pushing care quality up and costs down.

Cancer doesn’t wait. Neither does AI.

The biggest impact of AI in healthcare happens at the bedside. In the lab. In the diagnostic suite. Where seconds matter, and mistakes cost lives.

Analyzing Large Data Faster: From Weeks to Seconds

Pathologists’ examinations and radiologists’ studies take time. Both are limited by human capacity. AI in healthcare processes thousands of images simultaneously. It identifies cancer cells in pathology slides. It spots tumours in radiology scans.

What is the result? Diagnostic accuracy matches or exceeds human experts, delivered in seconds instead of weeks.

Diagnosing Diseases at the Early Stage: Catching What Humans Miss

Detecting issues early can save lives. Late detection ends them. The difference between stage 1 and stage 4 cancer is often a matter of months.

AI in healthcare identifies diseases before symptoms appear. It analyzes patterns in:

  • Genetic data predicting cancer risk
  • Imaging data detecting microscopic changes
  • Lab results flagging abnormal trends
  • data monitoring vital signs continuously

Did you know? AI flags 8% of patients for potential rare diseases. 75% of those flags are right.

Minimize Medical Errors

Medical errors kill more people than many diseases. Wrong diagnoses. Wrong medications. Wrong treatments. AI reduces these errors systematically. It double-checks prescriptions. It verifies treatment plans. It alerts clinicians to potential mistakes.

One study estimates that broader AI adoption could save the U.S. healthcare system roughly 200–360 billion USD per year.

Enabling Personalized Patient Care and Treatments

Every patient is their own chemistry experiment. One treatment works magic for one and falls flat for the next. Traditional medicine uses trial and error. It’s slow. It’s expensive. It’s often wrong.

AI in healthcare predicts treatment response. It analyzes:

  • Genetic markers indicating drug metabolism
  • Medical history showing past responses
  • Lifestyle factors affecting treatment efficacy
  • Population data identifying successful patterns

The result? Outcomes rise. Side effects fall. That’s the AI advantage.

Reducing Complications and Hospital Readmissions

Hospital readmissions cost billions. They indicate treatment failure. They harm patients.

AI predicts which patients are likely to be readmitted. It identifies risk factors. It suggests interventions. It monitors recovery remotely.

Raising Care Quality While Driving Costs Down

When healthcare costs increase, patients feel the weight first. Quality keeps declining. Access keeps shrinking. It’s time for a smarter system that delivers better care without bleeding budgets.

AI in healthcare reverses this trend. It improves quality while reducing costs.

  • Early detection prevents costly late-stage trauma
  • Predictive prevention stops disease progression
  • Administrative automation slashes operational overhead

The result: high-quality care at lower costs. Accessible. Affordable. Effective.

AI in Healthcare: Concerns Around Data and Cybersecurity

AI doesn’t just open doors—it creates entire highways for attackers. Interconnected devices become hop-on points. Cloud storage turns into a “please steal me” jackpot.

Your medical data is your most valuable asset. It’s also your most vulnerable. Every AI system runs on data. Patient records. Genetic information. Medical images. Treatment histories. This data is sensitive. It’s personal. It’s protected by law.

But AI creates massive attack surfaces. Hospitals store petabytes of data. Wearables transmit information continuously. Cloud systems connect thousands of devices. Each connection is a potential vulnerability.

Use Case: AI Predictive Analytics for Disease Prevention

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What Are the Biggest Challenges of AI Adoption in Healthcare?

Weaknesses in AI in healthcare systems include:

  • Interconnected devices — Every connected medical device is a potential entry point for hackers
  • Cloud storage — Centralized data repositories create high-value targets
  • Human error — Staff click phishing links. They share passwords. They accidentally expose data

According to the Department of Health and Human Services, AI could help detect up to $200 billion in fraudulent healthcare claims yearly. But the same AI systems creating this value can be compromised.

The World Economic Forum warns: AI in healthcare risks could exclude 5 billion people if not implemented equitably, with proper data governance and security frameworks.

But data breaches are predictable. The question is damage control.

Approaches to Handling Vulnerabilities: Building Fortresses, Not Sandcastles

Healthcare organizations must implement robust cybersecurity:

  • Continuous monitoring
  • Regular penetration testing
  • Staff training
  • Incident response plans
  • Vendor security assessments

AI in healthcare must be designed with privacy by default. Anonymization. Data minimization. Secure multi-party computation. Federated learning. In other words: the model learns, the data stays home.

FAQs on AI in Healthcare

Q: Will AI soon take over the duties of healthcare providers?

A: Most certainly not. It energizes them immensely.
AI handles the grunt work. That includes admin work, pattern-spotting, and data crunching. This helps clinicians focus on what actually saves lives: judgment, empathy, and complex care.

Q: How do we ensure AI is accurate and safe?

A: Test it. Monitor it. Control it. Models need diverse data, rigorous clinical testing, and nonstop drift checks. And human oversight? Non-negotiable. Think of AI as the copilot—it advises fast, and clinicians decide wisely. That’s how you get speed without sacrificing safety.

Q: How do we secure AI in healthcare from the start?

A: Lock it down from day one. Build security into the foundation. Privacy is the spine holding everything upright. Encrypt everything. Keep data anonymized by default. Use strict access controls. When you do all this well, AI doesn’t become a liability — it becomes armor.

Q: How long does implementation take?

A: Pilots land in 3–6 months. Full deployment takes 12–24.
Here’s the typical runway:

  • Months 1–2: Define the problem, prep the data
  • Months 3–4: Build and test the model
  • Months 5–6: Pilot and validate
  • Months 7–12: Roll out, refine, optimize

Short runway. Big payoff.

AI in healthcare is iterative. You don’t “finish.” You mature—step by step—toward higher automation and better outcomes.

Q: What if our staff resists AI?

A: Bring them in early. Show the value. Train for confidence.
Resistance isn’t a roadblock—it’s a flare. Pay attention. Reduce the tasks, not the staff. Place tools in their hands, not fear in their minds. Acknowledge minor achievements. Elevate the early adopters. AI doesn’t win by replacing people—it wins when it makes people feel stronger, sharper, and more in control.

Power Your Operations With Seamless AI Adoption Harness AI With Expert Guidace at Each Step

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How Fingent Helps You Navigate AI Adoption

You’ve seen the potential. Now you need a partner who can turn potential into progress. Fingent cuts through the hype, draws a clear blueprint, and helps your teams adopt AI without the chaos or confusion. Practical guidance. Real-world execution. Tangible wins. That’s the difference.
Fingent helps healthcare organizations implement AI in healthcare successfully. Not as a vendor. As a partner.

Why Fingent Succeeds Where Others Fail:

  • We understand medicine, not just technology
  • Successful implementations across healthcare organizations
  • We manage the entire journey, from strategy to optimization
  • We ensure your teams adopt and embrace AI
  • We build systems that meet HIPAA, FDA, and other requirements
  • We don’t disappear after deployment; we optimize continuously

AI in healthcare is complex. Fingent makes it simple. And effective.
Your patients are waiting. Your clinicians are ready. The time is now.

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    About the Author

    ...
    Tony Joseph

    Tony believes in building technology around processes, rather than building processes around technology. He specializes in custom software development, especially in analyzing processes, refining it and then building technology around it.He works with clients on a daily basis to understand and analyze their operational structure, discover (and not invent) key improvement areas and come up with technology solutions to deliver an efficient process.

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      Have you wondered what the real cost of a 10-minute delay in a hospital is? Yes, time is lost. A missed diagnosis. A delayed surgery. Yet, in too many hospitals, critical data is locked in silos. Systems don’t talk. Teams improvise. And even the most skilled professionals are left navigating blind spots. That’s exactly where SAP for Healthcare steps in—and rewrites the playbook.

      Across the globe, healthcare leaders are turning to SAP healthcare solutions. Why? To bring structure to the chaos. Not just to digitize paper records (that’s the bare minimum), but to build an intelligent, connected ecosystem—from patient intake to discharge, from inventory to incident response.

      Because in a truly modern healthcare system, technology doesn’t just assist—it amplifies care.

      How Can SAP Improve Healthcare Operations?

      Modern healthcare isn’t just about treating symptoms—it’s about seeing the person behind the patient, responding in real time, and keeping every cog in the care machine running with precision. That’s the edge SAP for Healthcare delivers.

      Here’s the problem: hospitals today are swimming in data—lab results, patient histories, insurance claims, rosters, inventory logs—you name it. But too often, data is disconnected. Underused. And when systems don’t speak to each other, care teams are left translating chaos instead of focusing on care.

      SAP healthcare solutions flip that script.

      Where others drown in data, SAP builds a single source of truth that actually talks. What does it mean in practice? Fewer delays. Fewer errors. Decisions made on the spot—with confidence.

      And here’s the important fact: when the backend is truly streamlined, the frontline gets more human. No more treating patients like numbers in a queue. With SAP, care teams finally have the time, insight, and tools to treat people like people.

      Power Your Business to Do More With Modern SAP Solutions

      Explore Our SAP Services Now!

      How Does SAP Improve Healthcare Operations?

      What used to bog hospitals down? Disconnected systems, reactive decisions, and endless paperwork. Here’s how SAP in healthcare industry is helping providers:

      1. Unified Patient Data Across Departments

      Silos don’t belong in healthcare. Yet in many hospitals, radiology can’t see billing, pharmacy has no clue about OR schedules, and frontline doctors are left guessing. SAP fixes this. One hub. One truth. No chasing reports. No duplicate tests. Just one shared version of the truth.

      The result? Faster diagnoses. Smoother workflows. And a patient experience that feels like everyone’s actually on the same team.

      2. Smarter Resource Allocation

      Running a hospital is like managing a mini city—beds, PPE, oxygen, nursing shifts, and a hundred moving parts. Here, SAP’s predictive analytics forecasts demand and flags shortages early. It allocates what’s needed, where it’s needed—before the crisis hits.

      This isn’t just about trimming costs. It’s about saving lives by staying one step ahead.

      3. Real-Time Decision Support

      What if your hospital dashboard could whisper, “Check Room 6—this patient’s vitals are trending wrong”?

      This is achievable through tools such as SAP S/4HANA and SAP Health Engagement. They reveal trends and obstacles instantly by merging experience data (X-data) with operational data (O-data).

      The result? Clinical decisions that aren’t just faster—but better informed.

      4. Automation of Routine Tasks

      Processing insurance claims. Managing medication inventory. Generating discharge summaries.

      These aren’t tasks that should eat up a nurse’s shift. With SAP, they don’t. On both sides of the bed, a better experience is also achieved through quicker billing, fewer human errors, and more seamless discharges.

      5. Compliance and Security

      Healthcare has rules—lots of them. HIPAA. GDPR. Local laws. Patient consent. Data storage protocols.

      Compliance headaches? Cured. SAP healthcare solutions automate the paperwork and armor your data, leaving auditors with nothing to chew on.

      Real-Time Visibility That Saves Lives (and Budgets)

      Because in healthcare, lag kills. Ten minutes can ripple into catastrophe. SAP S/4HANA + SAP Analytics Cloud gives leaders X-ray vision into bottlenecks and staff shortages—letting them hit “solve” before a crisis blooms.

      And this isn’t theoretical. It’s happening now:

      Charité Berlin: Unified Clinical Data Access

      • The move: Combined clinical systems—labs, imaging, and research—into one platform powered by SAP HANA.
      • The result: Clinicians and researchers can now access complete patient records in seconds. This speeds up diagnostics. This enables progress like molecular tumor boards as well as whole-genome sequencing for identifying rare diseases.

      Heidelberg University Hospital (Germany) – Management in Real-Time

      • The move: Applied a cloud-oriented system by employing SAP Analytics Cloud. And SAP BTP to monitor ICU beds, personnel, ventilators, and PPE throughout 25 clinics and 45 wards during COVID-19.
      • The result: They were able to gain precise, real-time insights. This helped route ambulances efficiently, optimize resources, and maintain control during peak crisis.

      This isn’t theory—it’s lives saved through visibility. It shows how SAP tools empower healthcare leaders to react in hours, not days.

      Dabur India Ltd.: E-Way Bill Generation Solution

      • The move: Fingent integrated a SAP ECC-based e-way bill system based on SAP ECC.
      • The result: The entire cycle of e-way bill generation was streamlined. Enabled automated bill generation, transfer authentication, and automated processes to stay compliant with regulations.

      The Future of SAP in Healthcare

      Healthcare is no longer about reactive treatment—it’s about proactive, connected, intelligent care. And SAP for Healthcare isn’t just part of that future—it’s shaping it.
      Four ways SAP is reshaping healthcare:

      1. Predictive, Preventive, Personalized Care

      With SAP HANA and SAP BTP, providers tap into real-time data. It includes wearables, genomics, and lifestyle patterns to shift from reactive to predictive care.

      Heart failure flagged early? Check.
      Tailored cancer treatments based on genetics? Already happening.

      2. AI-Powered Decision Support

      AI isn’t coming—it’s embedded. SAP S/4HANA and SAP Analytics Cloud offer immediate notifications. They also propose treatment options and optimize workflows without hindering clinicians

      3. End-to-End Patient Experience

      Today’s patients want more than care. They want to feel seen. Empathy, clarity, and smooth communication are some of the most important aspects to them. With SAP Qualtrics and SAP Customer Data Cloud, you can tailor every step. Be it check-in or post-discharge. It does this using real-time emotional and behavioral feedback.

      4. Healthcare-Grade Supply Chains

      Fake meds. Fragile logistics. Narrow delivery windows. With SAP ATTP, hospitals trace, verify, and track every pharmaceutical unit—from lab to pharmacy shelf. It’s precision at scale, built for a high-stakes supply chain

      Trying to Figure Out the Right SAP Solution for Your Business? Our SAP Experts Can Help You Analyze & Identify Apt Solutions

      Contact Us Now!

      How Fingent Helps You Lead That Future

      We’re not just SAP experts—we’re SAP Gold Partners with a deep bench in healthcare transformation. That means we speak fluent compliance and clinical operations.

      Here’s what Fingent, as a partner, will assist you with:

      Tailored SAP Strategy: We build roadmaps that meet your exact operational and care delivery goals.

      Custom Integrations: From HIS and LIS to ERPs and mHealth apps—we make SAP talk to your tech stack.

      Scalable Implementations: We can help you scale what you need from regional clinics to national networks.

      Compliance by Design: We ensure to consider HIPAA, GDPR, and local laws from day one.

      Post-Go-Live Support: Launch is just the beginning. It’s the handoff to smarter, ongoing improvement.

      With SAP as your engine and Fingent as your guide, healthcare’s digital future isn’t just possible—it’s already in motion.

      Discuss your SAP project with us today!

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        About the Author

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        Ashok Kumar

        Ashok leads Fingent’s SAP Consulting practice for ANZ, SE Asia, The Middle East and Africa (EMEA), and other global clients. More specifically, he helps companies improve operational efficiency by enhancing their digital cores and improving their application integration. Ashok has amassed over 20 years of leadership and consulting experience having worked with Global giants like SAP, IBM Consulting, Capgemini, & Oracle in his previous assignments. Connect with Ashok via LinkedIn and learn how your business can excel with recent SAP trends.

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          Augmented Reality in Healthcare:
          Use Cases, Examples, and Trends

          It’s no joke or a mere sci-fi theory! We’re experiencing the impact of Augmented Reality in healthcare, right in front of us. Using an AR-enabled head-mounted device, a surgeon can review patient vitals during a medical procedure without juggling multiple devices or displays. In doing so, they are less likely to misread or misinterpret the data.
          Head-mounted displays, wearables, and mobile apps drive interactions between the physical world and virtual objects to improve the quality of healthcare delivery and patient experience. Just like how AI and data analytics improve your caregiving organization’s day-to-day operations, AR presents valuable opportunities for healthcare professionals and providers, payers, medical devices, and other players in the healthcare ecosystem. If you are looking forward to enhancing your healthcare organization’s performance, operations, user experience, and profits, you cannot bypass AR. All things considered, who wouldn’t like to augment their existing business processes instead of spending heavily on enabling new processes?
          Data Source: Statista
          According to ResearchAndMarkets, the global AR market will generate $152 billion by 2030 at a CAGR of 36%, whereas the global AR healthcare market is expected to register a CAGR of 26% during the forecast period (2022-2027).

          How Is Augmented Reality Creating An Impact In Healthcare?

          Augmented Reality (AR) allows us to experience the real-life environment around us with a digital augmentation overlaid on it. AR works by integrating digital information or content into the user’s environment in real-time. In AR, the objects that reside in the real-world are enhanced using computer-generated capabilities. AR includes graphics, effects, sounds, text, and touch feedback to improve the user experience. In this technology, the user interacts with virtual objects placed in the real world.
          Three essential components of AR include:
          Due to its versatility, AR is becoming more accessible and affordable for medical imaging, medical education, dentistry, and nurses’ training.

          The Most Impactful AR Trends in Healthcare Today

          These ground-breaking AR trends in healthcare are expected to act as a magical boon that will help healthcare professionals overcome several medical limitations.
          Robotic-Assisted Surgery (RAS) systems are gaining popularity in recent times as they improve surgical precision and dexterity, and provide better access to minimally-invasive procedures. Combining robotic-assisted surgery with AR offers an advanced interface which will enhance user perception. The ability of AR to improve situational awareness will tremendously advance the surgeon’s ability to make better decisions, in real-time. Robotic hepatic surgery, intraoperative reconstructions and tracking systems, robotic liver resections, preoperative imaging and 3D rendering, intra-operative robotic ultrasound application, etc. are some of the RAS fields which will be transformed by AR in the coming years.
          The traditional methods used to assess wound parameters are mostly inaccurate, rough, and painful for the patient. Augmented Reality enables non-invasive assessment of wound parameters by providing visual feedback on the wound healing status. An accurate 3D model of the wound integrates AR functionalities based on a miniaturized projector to demonstrate wound progression. The availability of objective patient data allows doctors to suggest the right follow-up therapies and exercises. It also enables nurses to dress the wound properly. AR-based wound healing assessment offers patients a better understanding of their ailment, so their compliance to the doctor’s advice will improve significantly.
          The healthcare industry is slowly realizing the game-changing benefits of AR in physiotherapy and behavioral treatment. Using AR in physiotherapy sessions increases patient engagement and improves physical outcomes. The data gathered from each session allows the physiotherapist to evaluate the outcomes better. AR makes way for a new, unobtrusive method of intervention in motor and cognitive rehabilitation by offering a safe environment for patients to practice movements and orient their exercises. It leads to greater patient motivation and enables caregivers to provide low-cost physiotherapy at home.
          AR technology is an efficient time-saver that allows doctors to access patient charts from the EMR system and project the details in their area of vision, while attending a patient. AR glasses and interactive AR charts free doctors and nurses from thumbing reams of papers and documentation. Cloud-based data storage ensures that patient records are never misplaced, misfiled, damaged, or lost. Physicians can simply scan a patient’s hospital wristband and view the entire patient history which is retrieved by AR from the EMR database. It leads to a more meaningful patient-doctor relationship and saves the time taken for diagnosis and decision-making.
          Multiple floors and buildings as well as insufficient maps or signage in large hospital facilities make indoor and outdoor wayfinding complex for patients, visitors, and entry-level medical trainees. Development of calibrated smartphone cameras and recent advances in computer graphics algorithms help simplify complex AR experiences in a larger environment, such as a multi-storeyed building. Using the patient’s phone camera, AR places virtual arrows on top of the images of their actual surroundings in real-time, enabling patients to navigate medical facilities with ease. Patients can effortlessly orient themselves in a hospital building and quickly reach their desired location by taking the shortest route.

          Popular Uses of AR in Healthcare Today

          Fingent’s AR team develops customized AR applications to improve the quality of your HCO’s service and care, cut costs, and address your business requirements in the most efficient way. Connect with our team to learn more.

          7 Real-Life Applications and Examples of AR in Healthcare

          From medical training to patient care, diagnosis, monitoring, and other practical uses, AR is well-equipped to transform the healthcare industry. Here are some of the top applications of AR in healthcare:

          1. Immersive and Interactive Medical Training

          The Association of American Medical Colleges (AAMC) reports that the United States could see an estimated shortage of 124,000 physicians by 2034, including shortfalls in both primary and specialty care. AR-enabled virtualized training provides deeper insights into the nuances of body functions, enabling medical practitioners to address more critical cases in a given period of time.
          FlexAR offers medical students a tangible, AR-powered anatomy learning experience using a prototype tool. The app gives users both written and 3D visual information about anatomy without the need for traditional study materials and cadaver dissections. Ohio-based Case Western Reserve University uses Microsoft HoloLens devices to study human anatomy where an entire class can view the same life-sized 3D image at once.

          2. Training Physicians on New Therapies

          Life sciences companies can use AR to educate care providers on the latest therapies and drugs that improve treatment outcomes. Companies can create compelling illustrations depicting the impacts of a disease or a virus on the human body at different stages and virtually demonstrate how the situation can be brought under control through novel treatment procedures, therapies, and drugs.
          Application of Augmented Reality enhances the collaboration between the pharmaceutical community and doctors. The information collected by doctors using AR-based data visualization tools enable medical R&D teams to expedite the study of genetic data related to specific microbes. This paces up the discovery of drugs that can effectively combat the microbes. VisMol system, developed by Sygnature Discovery, uses Microsoft HoloLens technology to create an AR world that facilitates drug discovery collaboration.

          3. Virtualizing Surgeries

          Surgeons can leverage AR to create digital models of complicated surgeries that include multiple sub-steps and critical deviations requiring careful analysis and planning. The digital model of an entire surgery process details every step of the operation, allowing surgeons to optimize the sequence based on in-depth virtual analysis. As a result, surgeons will be better prepared to handle contingencies and lay out the course of action in advance, before entering the operating suite.
          xvision Spine System developed by Augmedics (Chicago, IL), is a cutting-edge AR surgical guidance system that allows surgeons to “see” the patient’s anatomy through skin and tissue just like how they view X-rays. The X-ray like vision allows surgeons to accurately navigate instruments and implants during spine procedures.

          4. Accurate Symptom Detection

          Several patients find it challenging to explain their current health conditions to doctors. Some patients may exaggerate their symptoms, while others share only minimal information. This could result in incorrect diagnosis and wrong therapy. AR solves this problem by offering patients a simple and handy way to check their symptoms and current health status all by themselves. Doctors can also analyze the health reports projected by AR and suggest accurate remedies and lifestyle improvement therapies to help the patient stay fit and healthy.
          EyeDecide AR app uses a camera display to simulate a patient’s eye anatomy, conditions, and solutions. The app describes each condition, annotates symptoms and findings adjacent to each medical image, and suggests treatment based on best practices. This allows the doctor to examine the symptoms precisely. The patient is also spared from any kind of communication challenge.

          5. Patient Self-care

          AR-enabled healthcare software solutions allows patients to become proactive in their own care. Physiotherapy and physical rehabilitation are two of the self-care areas where AR can be highly beneficial. By watching AR-based digital demonstrations of their bodily motions and actions, patients can refine their movements to restore physical fitness. Patients can also point their smartphone camera towards a city landscape to find information about nearby hospitals and get the direction to reach their destination.
          Know My Heart and Know My Beat are two of the leading patient self-care apps designed specifically to use AR technology. The first app enables an individual patient to self-check their pulse and detect possible AF (Atrial Fibrillation). The second app aims to educate patients who have been diagnosed with AF to be more aware of their health condition so that they adhere to the prescribed medication and seek timely medical aid, when required.

          6. Vein Visualization

          Injecting intravenous shots or collecting blood samples for medical tests is a painful and unpleasant experience for many patients, particularly if the patient’s vein is missed in the first instance. Thanks to AR handheld scanner technology and near-infrared imaging, a nurse can easily see the vein to take blood or give a jab. The handheld scanner projects veins over the skin to prevent injection failures in patients and improve the first injection success ratio.
          AccuVein’s vein finder uses AR technology to find a patient’s vein at the very first try of an IV start or a blood draw. The vein finder is a portable handheld device supported by a digital laser projection, a laser-based scanner, and a processing system. Projection-based AR allows the user to view a real-time virtual image of the underlying vasculature on top of the skin. Using AR for vein visualization has helped improve the first-time vein detection success rate by 3.5 times.

          7. Medical Imaging

          AR displays in operating rooms leverage sophisticated algorithms to convert CT imaging (Computed Tomography scan) into a dense 3D map of structures. Based on the surgical procedure’s requirements, this 3D map can be displayed on a nearby screen, through a headset, or projected onto the patient. Thus, AR technology provides surgeons an enhanced surgical field to sketch a detailed operating plan, well ahead of the first incision. Similarly, arteries and tumor structures can be superimposed into an operating field display to enable more accurate real-time viewing of underlying tissues, organ motions, and deformations.
          Immersive Touch’s image-guided AR platform provides surgeons with 3D holographic “X-Ray vision” through the skin that visualizes patient specific anatomy intra-operatively. It aims to offer detailed anatomical data of the patient at various surgical phases. The platform helps surgeons navigate their instruments accurately without losing sight of the patient.

          Practical Use Cases of AR in Healthcare

          Future of Augmented Reality in healthcare

          The increased use of smartphones and other mobile gadgets will augment AR-driven healthcare practices and service delivery in the future. Some of the most-awaited AR-led transformations in healthcare are listed here.

          1. AR in Dental Practice

          In recent times, AR is being employed in pre-clinical dental education and operative dentistry learning. From a clinical perspective, maxillofacial, orthognathic, oral, and implant surgeries will be increasingly aided by AR in the coming years. In endodontics procedures, video tools optimized using AR are being used to detect orifices for accessing root canals. AR also helps dentists to place brackets in orthodontics through 3D image-based tooth-tracking. The ability of AR to enhance spatial visual perception will go a long way in pre-clinical practices, such as designing treatment cavities for student analysis and learning.

          2. AR for Psychomotor Skills Training

          AR training tools facilitate spatial and psychomotor skills training in the medical domain. While interacting with virtual objects superimposed on physical environments, learners get real-time feedback leading to positive learning outcomes. An interactive AR hand hygiene training tool for healthcare workers developed by a team of researchers from Ireland and Scotland enabled 81% of participants in the pilot program to attain proficiency after two-minute practice sessions. In the coming years, AR will increase the scope of self-directed skills-based training, improving skill acquisition and retention.

          3. AR to Gamify Workout Sessions

          AR can lower healthcare costs considerably, save thousands of lives, and improve our standard of living drastically. Even if you are working out from home, you can livestream and workout with others digitally using AR apps like FitTech. Even a monotonous morning walk can be made more enjoyable using AR. Apps such as “Zombies, Run!” can gamify daily running tasks, motivating users to take care of their health more seriously. Medical imaging and diagnosis will be simplified, and dietitians and nutritionists can use the findings to encourage people to bring desirable changes to their lifestyles.

          How Fingent Can Help You with AR Services

          Fingent is a high-end custom software development company that helps businesses -small and large- across the globe with innovative solutions. We provide a wide array of software development services from software customization to building Web, Mobile, Enterprise, and Cloud applications across various industries.
          Our team at Fingent helps you develop customized healthcare AR applications that improve the quality of your HCO’s service and care, cut costs, and address your business requirements in the most efficient way. Build your brand, increase your brand identity, promote your products and services, and gain a competitive advantage with our AR consulting, development, and implementation services.
          Fingent’s custom AR services are garnished with:

          Most Common Q&A on Augmented Reality in Healthcare

          Augmented Reality is used to simplify various clinical practices such as operating suite preparation, accurate vein visualization on the patient’s arm for drawing blood, dental learning and practice, immersive medical training, 3D medical imaging, real-time access of patient data from EMRs, precise symptom detection, collaborative surgeries, and so on.
          AR-based 3D visualizations and virtual simulations allow patients to understand their health conditions better. Increased awareness of self-health encourages patients to adhere to the medical advice given by their physicians. AR can convey clinicians the symptoms or conditions which their patients wouldn’t have revealed or struggled to explain. Using an AR-enabled head-mounted device, a surgeon can review patient vitals during a medical procedure without juggling multiple devices or displays. In doing so, they are less likely to misread or misinterpret the data.
          To keep it short, AR brings more transparency into patient care, boosts the productivity of doctors, nurses and health workers, and ultimately improves the quality of healthcare services and delivery.
          Surgeons can leverage AR to create digital models of complicated surgeries that include multiple sub-steps and critical deviations requiring careful analysis and planning. xvision Spine System, for example, is a cutting-edge AR surgical guidance system that allows surgeons to “see” the patient’s anatomy through skin and tissue just like how they view X-rays. The X-ray-like vision allows surgeons to accurately navigate instruments and implants during spine procedures.
          We help you deploy AR to improve medical training, pediatric MRI evaluation, medical imaging, venipuncture procedures, dentistry, remote surgical procedures, and more! Our team at Fingent delivers augmented reality services that can improve the quality of your HCO’s service and care, cut costs, and address your business requirements in the most efficient way.
          Augmented Diagnosis is a process in which AR is employed to diagnose patient symptoms, medical imaging, and health vitals through 3D modeling and visualization. It improves doctor-patient communication and helps accurate diagnosis and treatment planning.
          Augmented Practice is being used by medical training institutions and colleges to simulate surgical encounters and real-life patient conditions for students. It improves positive learning outcomes through enhanced skill acquisition and retention.
          Augmented Surgery allows surgeons to understand their patient’s anatomy by digitally overlaying MRI data, CT scan, and health reports on top of their patient’s body. It offers surgeons an enhanced surgical field to sketch a detailed operating plan, well ahead of the first incision.
          Although AR is perceived to have great potential in many industry sectors, its utilization is yet limited. This is mostly due to the many challenges businesses often face while adopting AR. Here are a few challenges to mainstream AR adoption listed:
          • >> Users are still skeptical about the right uses and benefits of AR
          • >> Cost constraints limit access to AR headsets and hardware
          • >> Being intensely immersive, AR is often considered physically harmful
          • >> Limitations in AR content creation for businesses
          • >> Lack of regulations to govern the use of AR
          However, these prevailing challenges can be seamlessly eliminated by partnering with the right technology experts who can guide through the business capabilities one can derive with AR app development.

          More insights

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            About the Author

            ...
            Tony Joseph

            Tony believes in building technology around processes, rather than building processes around technology. He specializes in custom software development, especially in analyzing processes, refining it and then building technology around it.He works with clients on a daily basis to understand and analyze their operational structure, discover (and not invent) key improvement areas and come up with technology solutions to deliver an efficient process.

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              Top Healthcare Digitalization Trends To Look For In The New Normal

              Healthcare digitalization is reshaping the way we interact with healthcare professionals, share medical data or make decisions related to treatment and outcomes. There are plenty of examples that substantiate the digitalization of healthcare today, such as Artificial Intelligence-powered medical devices, telemedicine, blockchain, remote-patient monitoring, and electronic health records.

              The main aim of healthcare innovation is to streamline the medical professionals’ work, optimize medical software systems, reduce human errors, improve patient outcomes, and lower costs through integrated web and mobile experiences.

              Read more: The Application and Impact of Information Technology in Healthcare

              Healthcare

              Let’s look at the state of healthcare digitalization in 2024 and beyond:

              1. On-demand Healthcare Will Grow

              With the COVID-19 pandemic restricting many people to remain indoors, more and more patients seek on-demand healthcare. It is convenient as it helps patients seek guidance at their own time and from anywhere they need it.

              DMN3 reveals that patients obtain online medical information primarily for the following reasons:

              • 77% for booking medical appointments
              • 47% for searching information about doctors and healthcare professionals
              • 38% for searching information about hospitals and medical facilities

              That said, on-demand healthcare is rising due to the growth of the gig economy. Here, freelance professionals from various industries hire themselves out per job or ‘gig’ instead of sticking to one company.

              Read more: Patient Engagement Platforms: 7 Must-have Features

              patient engagement platform

              Many online healthcare marketplaces link doctors directly with short-term tasks, making it easier for physicians to deliver patient care in specific circumstances based on their expertise and schedule. Simply put, doctors are becoming on-demand healthcare providers to meet the changing needs of their patients in a better way.

              2. Big Data Will Be Used To Improve Healthcare Management

              Big data is the information gathered from various platforms such as eCommerce, social media, online transactions, and financial transactions. It helps identify patterns and trends for future use.

              Read more: 5 Ways Big Data is Changing the Healthcare Industry

              For healthcare, big data offers benefits such as:

              • Reduced medication errors: Patient record analysis allows the healthcare software to flag any inconsistencies between a patient’s health and drug prescriptions. This alerts the health professionals and patients in case there is a potential risk of a medication error.
              • Simplifying preventive care: Many recurring patients stepping into emergency rooms are “frequent flyers.” These frequent flyers account for up to 28% of clinical visits. Big data analysis helps identify these recurring patients and create preventive plans to keep them from returning.
              • Improved staffing: Using big data’s predictive analysis, hospitals and clinics can estimate future admission rates enabling these facilities to allocate proper staff to deal with the patient. This will help save money and reduce emergency room waiting time, especially when a facility is understaffed.

              Case Study: How did a data analytics solution help NHS gain financial, clinical, and geographical insights to improve visibility over their KPIs? Read Now

              Big data analytics, visualization, and insights generation can improve healthcare operations management and transform the patient experience.

              3. Virtual Reality Will Transform Medical Training & Care Delivery Models

              Virtual Reality is one of the most outstanding healthcare digitalization trends that change the way patients are diagnosed, and medical residents are trained.

              • VR in medical diagnosis & treatments: VR is increasingly used in treatment segments in healthcare, such as patient education, robotic surgery, physical and psychological therapy, etc. For instance, medical professionals can use VR to construct a 360° patient-specific video detailing how the surgery will help the patient cure and the consequent results. Virtual Reality has been found effective in treating anxiety, post-traumatic stress disorder, and stroke.   

              Case Study: Find how Fingent developed a unique mixed reality application for a leading university that enables users to identify people using facial recognition.  Download Now!

              • VR for medical training: Other uses of VR technology include doctors and medical residents using VR simulations to hone their skills (learning in near-real situations) and safely plan complicated surgeries. In addition, VR headsets are used post-surgery to encourage patients to exercise and follow physiotherapies. The technology also enables autistic children to learn and navigate the world.
              • Growth of VR in the medical field: From startups to established pharma companies, everyone recognizes the role of VR in healthcare. Experts estimate that by 2025 the global virtual and augmented reality in healthcare will reach $5.1 billion market value. So, if you’re a healthcare company wanting to improve your digital marketing strategy, you should consider investing in VR.

              Read more: How Virtual Reality Improves The Standards Of Medical Education And Training

              Virtual Reality

              Virtual Reality technology offers a powerful communication channel that allows you to understand customers’ needs better and virtually engage them with your products and services.

              4. Wearable Medical Devices Will Enjoy A Wider Market

              Another major healthcare digitalization trend is companies collecting their health data from medical devices such as wearables. Previously, most people would check in with their doctors only when something went wrong and were used to undergoing physical check-ups once a year. However, technology is changing that. Today, people highly focus on preventive maintenance and are interested in knowing about their health status frequently. This trend forces several healthcare companies to invest in wearable technology devices that allow patients or family members to track health vitals and seek medical aid when needed. Wearable medical devices enable up-to-date monitoring of high-risk patients and determine the likelihood of any severe health risk.

              Experts estimate that the wearable medical device market value will cross USD 27,200 mn by 2023.

              Following are some of the widely used wearable devices:

              • Exercise trackers (Google Fit, Fitbit, etc.)
              • Heart rate sensors (Samsung Heart Rate Sensor, Pulse Sensor, etc.)
              • Sweat meters: to monitor blood sugar levels of diabetics
              • Oximeters: to monitor the amount of oxygen carried in the blood

              Wearable devices in healthcare offer the following benefits:

              • Personalized healthcare experience: Medical devices help patients improve their health and give them a sense of ownership regarding personal healthcare management.
              • Insurance pricing: Wearable devices provide insurers with insights that enable them to rate a patient’s risk for illness more accurately.
              • Insurance incentives: Wearable devices allow patients to take preventive measures to improve their health. Such patients are more likely to obtain lower insurance premiums.
              • Gamification opportunities: Fitness watches can help create competitive goals for users to achieve through diet, nutrition, and exercise.

              Case Study: Read more about how Fingent helped create a fitness Regimen app for trainers.

              5. Healthcare AI Investments Will Increase

              By 2025, the healthcare AI-enabled tools market is expected to exceed $34 billion globally. This indicates that healthcare AI investments will peak soon as Artificial Intelligence is set to transform various segments in medicine.

              AI-powered chatbots and virtual health assistants fulfill many roles in the healthcare industry, such as customer service representatives, diagnostic tools, or even therapists. Hence AI in healthcare is gaining immense popularity. According to a report published by MarketsandMarkets, the global healthcare chatbots market is estimated to reach $314.3 million by 2023.

              Read more: 5 Leading Chatbot Use Cases Explained with Real-life Examples

              Chatbots

              That said, we can witness the real power of AI in diverse areas such as medical imaging, drug discovery, precision medicine, and genomics. For example, the first-ever drug designed by AI is showing some promise to help patients suffering from obsessive-compulsive disorder. The AI-made drug molecule, DSP-1181, is in clinical trials currently. Researchers and scientists expect that the use of AI will make drug development faster and more efficient.

              Overall, AI is projected to bring USD 150 billion by 2026 in annual savings for the US healthcare economy. As start-ups are lapping up the opportunity, the number of active AI start-ups has increased 14 times since 2000.

              Why Keep A Close Eye On These Healthcare Digitalization Trends

              These five healthcare digitalization trends will spill over in the future as the industry will innovate and adapt to meet the patients’ demands. As a result, organizations that embrace healthcare digitalization will see dividends sooner.

              Fingent top custom software development company, helps you navigate the digital healthcare space and adapt to the ‘Next Normal’ with our transformative experiences. Our custom healthcare software solutions have helped many of the leading healthcare providers worldwide. Contact us to learn more about how your healthcare organization or clinic can leverage healthcare digitalization effectively.

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                About the Author

                ...
                Tony Joseph

                Tony believes in building technology around processes, rather than building processes around technology. He specializes in custom software development, especially in analyzing processes, refining it and then building technology around it.He works with clients on a daily basis to understand and analyze their operational structure, discover (and not invent) key improvement areas and come up with technology solutions to deliver an efficient process.

                Talk To Our Experts

                  Custom patient engagement platforms improve caregiver-patient interactions today. Here’s how. 

                  With the COVID-19 pandemic restricting face-to-face engagement, patients have started using telehealth (telemedicine) technology and other digital channels to receive healthcare services. The growth of digital healthcare will increase the demand for healthcare technologies in the future. 81% of people (patients) want healthcare providers to know them individually and deliver more personalized and meaningful experiences.

                  While support programs like teleconsulting do not replace the physical presence of healthcare providers, they offer valued information, which is the need of the hour. With stay-at-home mandates, social distancing, and lockdowns, telemedicine is the vital care model that boosts patient engagement today. Personalized patient engagement fosters trust among patients and ensures continuity of care. So, in times of pandemic and beyond, patient engagement platforms will play a crucial role.

                  Read more: 5 ways to optimize the revenue of your medical practice and clinical processes 

                  Medical Practice

                  Patient engagement and its growing significance

                  In simple terms, patient engagement is a concept where patients are actively involved and considered important decision-makers in their care.

                  Engaged patients are:

                  • Informed- as they understand their health status and the treatment.
                  • Empowered- as they believe they can change their health outcomes.
                  • Heard- as they can communicate with their providers better and participate in shared decision-making.

                  What is a patient engagement platform (PEP)?

                  A patient engagement platform is an application that enables patients to interact with healthcare providers via their mobile device, tablet, or computer. The patient engagement platform keeps the patients involved beyond the four walls of the hospital.

                  When implemented effectively, patient engagement platforms can help streamline access to medical records, provide appointment reminders, enable self-scheduling for patients, and deliver patient education or awareness.

                  How do patient engagement platforms help?

                  Patient engagement platforms (PEPs) can help automate the following processes.

                  • Send reminders to patients regarding their postoperative treatment protocols
                  • Allow patients to update mobility reports and pain score
                  • Deliver educational content
                  • Manage images of wounds
                  • Record and monitor health vitals like BP, FBS, BMI, etc.

                  Read more: 7 major impacts of technology in healthcare

                  healthcare

                  What are the benefits of a patient engagement platform?

                  1. Ease the patient engagement process

                  A customized patient engagement platform helps improve your patient experience by assisting them in scheduling medical appointments. It can also help notify patients about their next visit to the clinic, or when they need to check their health vitals, or when their current medication course will be over. In addition, caregivers can use the patient engagement platform to track a patient’s medical history and use the data to channelize treatment plans when the patient pays a second visit.

                  2. Enable caregivers to focus on core competencies

                  With a patient engagement platform in place, patients can fill in medical forms, electronically scan their insurance cards, and consent from their mobiles, laptops, or computers. It will allow healthcare providers to focus on their core competencies and saves patients from standing in queues or long wait times. In addition, it can expedite the care delivery process during an emergency.

                  Case Study: Fingent partnered with Casenet’s Advanced Solutions Group to develop TruCare Insights as a reliable population health management platform. Download Now!

                  3. Empower care providers to make informed decisions

                  Healthcare organizations can use information like satisfaction scores, online appointments, wait times, and ROI to make informed decisions related to staffing and identify opportunities for improvement. Custom patient engagement platforms allow clinicians to track all this information effectively. It goes a long way in supporting clinical decision-making.

                  4. Optimize healthcare throughput

                  Patient engagement platforms allow online registration that ensures patients have less waiting time in the clinic. It enables healthcare providers to attend to more patients in a given time and improve data accuracy and demographics. In addition, patient engagement platforms spare medical professionals from time-consuming and manual data management processes so that they get time to receive advanced medical training. Nurses, physicians, administrators, and other hospital staff members can streamline their communication, increase staff satisfaction, and utilize data analytics to make strategic decisions.

                  Benefits to the patients:

                  • Patients are aware of the next steps, such as diet plans, exercises, medication plans, or next clinical visit
                  • Consistent and transparent care will be available 24/7
                  • Augmented patient engagement and experience
                  • Improved communication lowers preoperative stress and anxiety

                  Case Study: How did a data analytics solution help NHS gain financial, clinical, and geographical insights to improve visibility over their KPIs? Read Now

                  What to look for in a custom patient engagement platform?

                  Given the changes in patient behavior, expectations, and changing healthcare landscape, healthcare providers will have to ramp up patient engagement strategies and implement the latest engagement technologies. Patient engagement platforms must enable providers to determine the best ways to deploy their expertise and services to their patients.

                  Read more: Digital tools reshaping the healthcare industry

                  So, make sure the patient engagement platform has the following capabilities.

                  1. EMR integration

                  The patient engagement platform should integrate with Electronic Medical Records (EMR). For example, the platform should receive data from the EMR, such as a referral or recall, and revert to the EMR.

                  2. Sentiment analysis

                  The main aim of patient engagement is to understand patients on a deeper, emotional level. So, it is crucial to leverage sentiment analysis technology. This will enable providers to recognize when a patient is happy or frustrated and respond accordingly.

                  3. Real-time and interactive patient communication

                  The platform must encourage bidirectional communication, specifically text-based messaging. In short, patients must be able to communicate with their health system easily.

                  4. Chatbot functionality and keyword actions

                  The use of chatbots and keywords in patient engagement platforms is trending. It helps reduce human intervention. So, the patient engagement platform should allow for automated responses to common questions such as “where are you located?” The platform must also enable keywords to trigger automation, such as scheduling a ride for patients who need a lift.

                  Read more: 5 leading chatbot use cases explained with real-life examples

                  Chatbots

                  5. Patient on-boarding

                  The platform should drive patients to the patient portal and help them register quickly and conveniently to get medical support on time.

                  6. Integration with other vendors

                  A single app can’t solve it all. It is just not feasible and is also not in your patient’s best interests. Make sure that your patient engagement platform integrates seamlessly with your other vendors. For example, the platform can offer billing features or even integrate with medical billing software, medical invoice management software, etc.

                  7. Boost employee adoption

                  Your staff must like and accept the patient engagement platform. If they don’t appreciate the new technology, it won’t fulfill its potential. In addition, you must ensure that the patient engagement platform enjoys enterprise-wide adoption and has a user-friendly UX and UI.

                  8. Offer multilingual support

                  As not all patients speak English, you will have to ensure that the platform supports different languages used or spoken widely by your patients.

                  Read more: 5 essentials to an effective healthcare application 

                  Why should you adopt a custom patient engagement platform?

                  A custom patient engagement platform is specifically developed for your organization to cover your unique healthcare requirements and cater to your internal processes.

                  As such a platform is built from scratch, it gives you the freedom of choice for technology. Additionally, you can easily integrate this platform with third-party systems because you get to control the code entirely. Also, you will have full ownership of the final product and customize the software according to any relevant changes in your organization.

                  Benefits of a custom patient engagement platform

                  • High scalability
                  • Seamless integration to your existing infrastructure
                  • Enables integration with any new services you are willing to include in your medical practice
                  • Freedom to choose the technology
                  • Gain full ownership of the resulting solution

                  Custom patient engagement platform is best suited for medical practices that:

                  • Offer a wide range of services
                  • Plan to expand in size and services
                  • Have rigid workflows that are difficult to adapt
                  • Want to integrate the new solution with the existing system

                  Read more: The application and impact of information technology in healthcare

                  Healthcare

                  Develop your custom patient engagement platform with Fingent

                  At Fingent, we have the expertise and work closely with you to build a custom patient engagement platform to suit your business needs. Our software development experts help you select the best web development frameworks, database and backend technologies, data visualization formats, and leading front-end technologies to develop your patient engagement platform or any medical software that you would require.

                  Fingent helps you develop healthcare application platforms tailored to your needs, with top features like appointment scheduling, medical billing, patient feedback management, payment processing, chatbot, and fundamental to in-depth analytics. To know more, please get in touch with us.

                  Stay up to date on what's new

                    About the Author

                    ...
                    Vinod Saratchandran

                    Vinod has conceptualized and delivered niche mobility products that cater to various domains including logistics, media & non-profits. He leads, mentors & coaches a team of Project Coordinators & Analysts at Fingent.

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                      Technologies that help optimize revenue and performance of your medical practice

                      There’s no denying that revenue is essential for any business. Sustained revenue flow keeps the employees paid, leaves the doors open, and the patrons happy. It is the same for medical practice as well. However, it can be challenging to optimize medical practice revenue and increase avenues to bring in more money. It is crucial to find strategies that the medical practice can maintain over time to ensure a steady cash inflow. 

                      Additionally, as the COVID-19 pandemic continues to influence patient behaviors, it is pushing healthcare practices across the globe to re-evaluate their business operations and look for solutions that emphasize clinical efficiencies, improve patient revenue cycle management along with enhanced reporting and analytics tools.

                      Apart from the challenges related to the patient intake process during the pandemic, healthcare providers also have had to meet the sudden demand for virtual care by embracing digital healthcare technologies. Advanced technology in healthcare helps automate major processes, facilitate patient engagement efforts, and improve financial stability.

                      Case Study
                      Find how Fingent’s healthcare technology solution helped improve collaboration between doctors, patients, and patient caregivers.  Download Now!

                      In this article, we share tips to optimize the revenue of your medical practice.

                      1. Robust financial management

                      Strong finance is the foundation of every business. You must consider what money is going out in the form of overhead costs, payroll, and miscellaneous expenses. Look for ways to cut unnecessary expenditures and save your practice some money.

                      There are chances that you are spending on something unnecessary at your practice or experiencing a small ROI due to a huge yet incompetent investment. If a service is not bringing you a good ROI, you should remove it. To overcome these issues, ensure you have a robust revenue cycle management system in place.

                      Custom RCM systems help improve the administrative and clinical functions associated with claims processing payments and revenue generation. The RCM system also facilitates the financial processes of identification, management, and collection between patients and providers. RCM helps you optimize your revenue cycle at all the points of the financial process. This enables you to collect and increase revenue whenever and wherever you should.

                      2. Leverage healthcare information technology

                      While the initial cost and ongoing investment may vary based on your practice, most of the following technological investments will help you save money and increase your revenue over time.

                      Read more: 7 Major Impacts of Technology in Healthcare

                      healthcare

                      Example 1: Telehealth

                      Technologies like telehealth offer safer alternatives to in-person visits. With the ongoing pandemic, this technology helps provide safe care by connecting via virtual video visits. If your practice can allot for more appointments, then telehealth allows for more visits throughout your day.

                      Additionally, patient portals, self-check kiosks, and QR codes help reduce the risks of exposure and increase scheduling flexibility and clinical availability. Remote patient monitoring (RPM) helps bring about organizational resilience and stabilizes patient outcomes with better and safer alternatives to in-person visits.

                      Example 2: Appointment Management Systems

                      Most medical practices lose revenue due to no-shows, missed appointments, or late cancellations. Appointment management systems ensure that patients are notified well ahead of their appointment times. This will eventually provide your practice with a better chance of fulfilling appointment times and retaining revenue. It will also improve patient trust and credibility and allow your medical staff to stay organized at work. 

                      Example 3: Practice Management System

                      This system includes all your appointment scheduling, billing, patient registration, claims processing, clearinghouse integration, and more. So, investing in an intelligent practice management system can bring billing in-house and retain previously claimed revenue from outsourcing.

                      Read more: Digital Tools For The Future Of Healthcare Providers

                      3. Intuitive reporting and automation

                      An Electronic Health Record(EHR) system includes an array of innovative tools that can significantly impact your practice’s productivity and profitability. The EHR technology should also have tools that offer flexible functionality and interactive engagement in addition to simple record keeping so that you can focus more on patient care and waste less time on troubleshooting staff errors or reconfiguring documentation notes.

                      Additionally, automated workflows, comprehensive reporting features, and insightful productivity metrics help simplify your practice’s workload and streamline task management. Picklists allow you to create templates, line-item defaults and define column choices so that information is readily available and easily accessible.

                      Case Study
                      Fingent partnered with Casenet’s Advanced Solutions Group to develop TruCare Insights as a reliable population health management platform.  Download Now!

                      4. Optimize your medical billing

                      To maximize your medical practice’s revenue, you must include efficient and personalized medical billing software.  It allows you to optimize the bills according to the prevalent industry standards. Most practices bill patients at allowable lower levels to avoid being audited. While you may not get audited, the practice leaves behind a lot of money. So, when you provide clinical service, make sure to document it properly and bill customers appropriately. Medical billing software makes auditing easy and relieves your admins from revenue management challenges. The software also ensures that your billing and coding staff are not making mistakes, leading to significant claims denial.

                      If claims denials, coding errors, or any other billing issues keep your practice from optimizing the income, you may consider building customized software to handle your organization’s specific challenges. Fingent specializes in developing customized medical billing software and healthcare application platforms by working closely with your medical practice. It allows you to lower denial rates, reduce errors, and streamline your revenue cycle.

                      5. Security and compliance

                      When it comes to healthcare, efficiency matters not just at the surface level but in every single aspect of treatment, including financing, scheduling, and reporting. To ensure your EHR can keep up with the regular system, it should include an educational database that allows providers to quickly train their staff and give the patient access to explanatory articles and videos. Keeping these resources available will help bring about positive outcomes and hassle-free software maintenance. Fingent offers custom software development, testing, implementation, maintenance, and support services for healthcare service providers. We’ve partnered with organizations like NHS to help them improve clinical process management using technology. 

                      Case Study
                      How did a data analytics solution help NHS gain financial, clinical, and geographical insights plus improve visibility over KPIs?   Download Now!

                      While compliance laws ensure patient health information (PHI) and overall safety of practice operations, you must make cybersecurity a top priority. This is especially true now with the shift to working remotely. Employees are more prone to hacker’s attempts to cease connectivity and steal confidential data. To overcome this, you must use virtual private networks (VPN) and reliable firewall software to safeguard vital business information. Our network security and IT infrastructure management services ensure that your business-critical assets are protected from cyber threats, and your proprietary information is protected 24/7. 

                      Read more: The Application and Impact of Information Technology in Healthcare

                      Healthcare

                      Advanced technology in healthcare has helped providers choose and select a system that benefits their business. For example, medical billing software, revenue cycle management, appointment management, and patient engagement systems are a few solutions that providers should consider when employing an EHR solution. Healthcare technology improves patient resolutions, avoids preventable errors, and expands clinical availability. 

                      Practice is a step ahead of theory. Our healthcare IT system developers follow this rule of thumb. Connect with our team to learn more about the technologies you can adopt to gain business benefits and significant cost savings. 

                      Stay up to date on what's new

                        About the Author

                        ...
                        Sreejith

                        I have been programming since 2000, and professionally since 2007. I currently lead the Open Source team at Fingent as we work on different technology stacks, ranging from the "boring"(read tried and trusted) to the bleeding edge. I like building, tinkering with and breaking things, not necessarily in that order.

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                          Information Technology in Healthcare: Applications and Role

                          The Growing Significance of Health Information Technology

                          From anesthetics and antibiotics to MRI scanners and radiotherapy, health information technology (HIT) is transforming patient care in unprecedented ways. Customized healthcare applications, medical practice management software, remote patient monitoring technology, and other health information systems in hospitals, clinics, and medical facilities allow healthcare providers to stay relevant and competent amidst the waves of change.

                          “Information is the lifeblood of medicine and health information technology is destined to be the circulatory system for that information.”

                          – David Blumenthal

                          With a fair understanding of the key applications and role of information technology in healthcare, physicians, hospital networks, medical practitioners, and caregivers can successfully leverage health IT to reduce costs and improve the overall quality and effectiveness of patient care and experience.

                          What is Information Technology in Healthcare?

                          Health Information Technology (HIT or HCIT) is a key segment of healthcare as well as IT that involves the design, development, implementation, usage, and maintenance of information systems and software solutions for the healthcare industry.
                          Information technology in healthcare encompasses a wide range of functions, including and not limited to:
                          Current State of Global Healthcare Information Technology Market

                          Are you looking for custom software solutions tailored to healthcare needs?

                          Types of Health Information Technology

                          Health information technology collectively refers to the different types of software systems used by healthcare professionals, care providers, and sometimes patients, to store, share, and analyze health information. There are different types of Health IT systems.

                          #1Electronic Health Records (EHR)

                          EHRs or electronic medical record (EMR) systems are used to document and store a patient’s medical information, such as their health reports, diagnosis results, allergies, laboratory charges, treatment history, and so on.
                          Benefits of using EHR/ EMR systems:

                          #2Medical Practice Management Systems

                          Medical practice management software is used to manage the different administrative and clinical aspects of your practice such as handling the documents pertaining to your facility, scheduling appointments, billing and payments, report generation, insurance eligibility verification, and other day-to-day tasks.
                          Benefits of medical practice management software:

                          #3E-prescribing Software

                          Doctors can use the e-prescribing software to generate and share prescriptions with their patients online or send the prescriptions directly to the pharmacy in just a few clicks. This saves the time and effort for both the patient as well as the pharmacist.
                          Benefits of e-prescribing software:

                          #4Remote Patient Monitoring Tools

                          Remote patient monitoring (RPM) is a kind of homecare telehealth that allows patients or their bystanders to use wearables or mobile medical devices to gather patient-generated health data and send it to healthcare professionals for virtual monitoring and diagnosis.
                          Examples of remote patient monitoring technology:

                          #5Medical Billing Software

                          Medical billing software consists of tools that simplify billing-related workflows for healthcare facilities. It helps handle invoicing tasks, patient billing, insurance coverage verification and claims processing, patient demographics, creation of financial reports, and more.
                          Benefits of medical billing software:

                          Benefits of IT in the Healthcare Industry

                          The ultimate goal of information technology in healthcare is to enhance the overall health of the population by improving the quality of care that patients receive. Applying information technology in healthcare offers a lot of benefits.

                          Web Application for Health Insurance Decision Makers: A Case Study

                          In a world of complex and ever-changing healthcare dynamics, health insurance decision-makers often find themselves caught in a web of challenges. Casenet, a leading provider of population health technology solutions in the US sought a dependable ally- a tool that would empower them to sustain their business, optimize day-to-day operations, and unearth untapped user segments.
                          Fingent emerged as the transformative force, turning their struggles into resounding triumphs with the advent of TruCare Insights. This cutting-edge web application became the catalyst for empowering decision-makers with real-time insights and robust analytics. Seamlessly integrating with their existing systems, TruCare Insights revolutionized the management and exploration of data. It unveiled a suite of action-oriented dashboards and management tools, allowing leaders to monitor operations and streamline team workflows. The result was a powerful transformation.

                          Know about the latest tech developments advancing in the healthcare industry.

                          Uses of Information Technology in Healthcare

                          Information technology is being used in numerous ways to improve patient safety, healthcare delivery, and communication between healthcare providers and patients.

                          Patient Records and Data Management

                          Digital management of patient data prevents important health information from getting lost, damaged, or misinterpreted. Health information technology applications enable healthcare professionals to manage patient data securely in a centralized location. A medical professional can add pharmacy records, X-rays, test results, and even vital signage to the virtual patient charts that are easy to read, share, analyze, and preserve for future reference.

                          data management in healthcare

                          Nursing Informatics

                          Nursing informatics is a fast-growing field in healthcare that combines patient care with data and technology to improve the quality of care, patient experience, and outcomes. In simple terms, nursing informatics specialists work with EHR systems and patient data management solutions to collect, analyze, optimize, and maintain patient data and build important reports for clinicians to make data-driven decisions.

                          Informatics in healthcare

                          Medical Data Collection and Research

                          Using health information technology applications such as EHRs, patient/ disease registries, discharge summaries, health surveys, and hospital databases, medical researchers can collect relevant data that will help them produce new medicines and design new types of treatments and conduct clinical trials. However, researchers gathering personal health information should obtain the required permission from data owners, adhere to data compliance regulations, and anonymize data samples before putting them into actual use.

                          data collection in healthcare

                          Prevention and Control of Pandemic Epidemics

                          Digital health technologies play an important role in curbing the spread and impact of global pandemics like COVID-19. Health information technology aids in understanding the nature of diseases, improving diagnostic tools, and controlling the spread of infection on a larger scale. Telehealth systems, contact tracing apps, remote health monitoring tools, medical analytics, and online health surveys help control the spread of the infection, monitor outbreaks and their extent, and keep medical professionals and patients safe while providing continued care.

                          telehealth systems

                          Monitor Patient Compliance

                          Remote patient monitoring tools, such as medical mobile apps, wearables, fitness apps, and custom healthcare applications for tracking conditions such as diabetes and oncology allow physicians to keep tabs on bed-ridden or homebound patients who need to be checked on more frequently. Instant feedback and suggestions from doctors enable the monitoring of patient compliance in real-time, especially by community pharmacists or home nurses who can make timely interventions to keep the patient safe and healthy.

                          healthcare app

                          Role of information technology in healthcare:

                          Top Health Information Technology Trends

                          #1Internet of Medical Things (IoMT)

                          #2Virtual Reality

                          Virtual Reality solutions allow both healthcare professionals and patients to interact with highly-personalized simulated environments.

                          #3Augmented Reality

                          Augmented Reality services are becoming more accessible and affordable in healthcare due to their versatility. They can be used for medical imaging, medical education, dentistry, and nurses’ training, providing an engaging and immersive learning experience.

                          #4Artificial Intelligence

                          AI software development is transforming healthcare by leveraging Artificial Intelligence (AI) to improve diagnosis accuracy, predict outcomes, and reduce medical errors. AI can enhance personalized medicine and drug discovery, providing new opportunities for improving patient outcomes.

                          #5Cloud Adoption in Healthcare

                          Healthcare-compliant cloud platforms offer a robust and flexible foundation for rapid development and testing of new software platforms.

                          Are You Looking For Industry Experts To Build Your Software?

                          Key Considerations for Implementing Information Technology in Healthcare

                          Crucial steps for the successful implementation of health information technology:

                          How Can Fingent Help?

                          Fingent is a top custom software development company offering healthcare information technology consulting, application development, implementation, maintenance, and support services for different players and industry segments in the healthcare ecosystem.
                          We help identify your medical practice’s specific needs and come up with the best custom software solutions for improving patient care delivery and enhancing the productivity and performance of healthcare professionals. We also develop technology solutions for healthcare payer organizations and insurance carriers that help them make better decisions and improve their visibility in today’s competitive market.
                          Our healthcare technology consulting team aims to deliver value through personalized healthcare application platforms and customized health information technology solutions designed to fulfill your business objectives. Contact us to understand how your business can benefit from our healthcare IT consulting services.

                          Frequently Asked Questions About Health Information Technology

                          Electronic Health Records are digital records of patient health information that can be used by physicians for clinical decision-making. EHRs can be shared with other medical departments, care providers, or labs as they are updated with real-time patient data.
                          Personal health records also contain the same type of information as EHRs like diagnoses, test reports, patient charts, and medical history. However, PHRs are designed to be configured, accessed, and managed by patients to maintain their personal healthcare information in a private, secure, and confidential environment.
                          Electronic prescribing tools are used by medical practitioners to create and share prescriptions with their patients online or send the prescriptions directly to the pharmacy in just a few clicks. This saves the time and effort for both the patient as well as the pharmacist and eliminates the risks like loss or misplacement of prescriptions.
                          A patient portal is an online healthcare application that allows patients to interact and communicate with their healthcare providers, such as physicians and hospitals. Patient portals provide patients with convenient, 24-hour access to their personal health information from anywhere with an internet-connected device like a laptop, smartphone, tablet, PC or a connected gadget.
                          Electronic Health Information Exchange (EHIE) refers to the mobilization of healthcare data digitally across different healthcare information systems used by care-giving organizations, communities, and hospital networks. HIE facilitates continuity of care with multiple providers by moving real-time patient information across the systems involved in the exchange process.
                          Telehealth or telemedicine involves the delivery of remote clinical services over the telecommunications infrastructure. Examples of telehealth include virtual diagnosis and monitoring, connecting with the healthcare provider through video call or live chat, online therapy and counseling, patient-doctor communication through patient portals, mobile health devices, and wearables.
                          Custom healthcare software development simplifies and improves day-to-day healthcare management for care providers, hospitals, medical professionals, vendors, patients, and all other players in the healthcare ecosystem. Developing software tailored to your healthcare organization’s needs will help you:
                          • >> gain end-to-end visibility over your routine clinical activities,
                          • >> integrate disparate applications used for different purposes,
                          • >> generate custom reports,
                          • >> get up-to-date medical data across all your devices and applications,
                          • >> reduce total cost of ownership,
                          • >> ensure health information safety,
                          • >> track medical history of patients,
                          • >> optimize revenue, and gain financial stability.
                          Healthcare information technology allows you to create electronic health records that provide in-depth, real-time data for physicians to make critical decisions concerning their patients’ safety. Healthcare technology applications produce a lot of data every second, which is highly insightful in patient care management.
                          Analytics can improve medication safety and ensure better treatment reconciliation. Custom software has created a higher degree of transparency in the healthcare ecosystem. By utilizing the valuable health data, it is now possible to combat diseases and offer better healthcare outcomes in general.

                          More Insights on Information Technology in Healthcare

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                            About the Author

                            ...
                            Sreejith

                            I have been programming since 2000, and professionally since 2007. I currently lead the Open Source team at Fingent as we work on different technology stacks, ranging from the "boring"(read tried and trusted) to the bleeding edge. I like building, tinkering with and breaking things, not necessarily in that order.

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                              Technology impact on healthcare

                              How Emerging Technology is Transforming the Healthcare Industry?

                              Technology has advanced by leaps and bounds and brought about changes in every industry. The Healthcare industry is no exception. Thanks to the advanced technology in healthcare, today, patients have access to some of the best and cutting-edge treatments. Also, patients can have access to innumerable minimally-invasive procedures that are less painful and result in better recovery.
                              With the world reeling under the COVID-19 pandemic, most countries are following lockdowns and social distancing to curb the spread. However, with the help of technology, remote consultations with experts, and the availability of intuitive mobile apps have helped patients (non-COVID) to receive improved patient care and quality healthcare experiences.

                              Are you looking for custom software solutions tailored to healthcare needs?

                              The following are seven of the top impacts of technology in healthcare that are revolutionizing the field:
                              1
                              Improved Communication
                              Emerging technology in healthcare has facilitated improved communication within healthcare organizations. More and more medical professionals are leveraging technology such as video, AR/VR, real-time meeting capacities, and other online platforms to communicate and help spread knowledge in the field. Also, teleconferencing has made communication beyond geographic borders a breeze.
                              2
                              Electronic Medical Records
                              Gone are the days of bulky files and worn-out papers, Electronic Health Records (EHRs) or electronic medical records help save summaries of a patient’s medical records digitally. The digital summary can include lab reports, diagnoses, surgical interventions, prescriptions, and even details of hospital stays. Electronic medical records offer better insights into a patient’s health leading to accurate diagnosis and better patient care.
                              Digital records facilitate the sharing of information between specialists and labs thereby improving coordination. If properly maintained and implemented, digital records can also help increase accountability and reduce medical negligence. Simply put, EHRs consume less time to create and are easier to maintain. They help medical professionals reduce the chances of making mistakes and make their life easier.
                              3
                              Big Data
                              For the uninitiated, big data refers to a large amount of data that is fast or complex and difficult to process using traditional methods.
                              Health technology allows medical accountants to gather big data in a short time. Data collection helps healthcare professionals to understand and learn cutting-edge techniques and trends. This data can be used for analytics and make predictions about possible epidemics and identify risk factors. Also, access to big data allows clinicians to recommend appropriate preventive steps more effectively and reduce deaths.
                              In addition to the collection of data, cloud storage of data ensures improved efficiency and accessibility with less wastage. This helps in research and development of new medical treatments and lifesaving formulations. Cloud storage is a secure and cost-effective solution with back-up and recovery features that are managed and maintained without additional server hardware. It is an invaluable advantage for medical research and analysis that helps in efficient health information exchange.
                              4
                              Information and Communication Technology (ICT)
                              Today, approximately 95% of Americans have a mobile phone and most of them use it to access information of some kind from the internet. Health technology also has reformed its processes to connect with people efficiently.
                              ICT has linked not just medical professionals but also with the patients. From emails, telemedicine to smartphones and telemonitoring systems, all are used to share information. This is particularly useful for rural areas facing a dearth of facilities and/or specialists. From diagnostic to management, ICT is improving constantly and streamlining how the healthcare industry functions and how patients are communicating with the care providers.
                              The new technology in healthcare allows care providers to compare health data of patients, identify risk factors, and recommend preventive measures. This has also given a boost to medical tourism helping many patients to seek consultations and second opinions from specialists practically from any part of the world. Patients can even virtually travel to another country to avail of specialized treatment or advanced surgery following remote communication such as video conferencing.
                              5
                              Improved Patient Care
                              Technology in healthcare has provided the healthcare community with advanced tools to improve patient care. Using EHRs, physicians can easily access the complete medical histories of a patient and make an informed decision. Physicians can even use apps to identify possible medication errors and help a patient’s safety.
                              Virtual Reality (VR) devices and apps help ease symptoms of anxiety and depression in older people and those suffering from mental illness. Augmented Reality (AR) also helps surgeons to perform complex surgeries. Both virtual reality as well as augmented reality devices can help improve health and fitness among patients. Some examples like robotic knee replacement and gene therapy in cancer treatment prove that technology in healthcare will only grow exponentially in near future.
                              Radio-frequency identification (RFID) technology has improved patient care by providing information about a patient’s crucial signs and temperature. RFID facilitates real-time tracking of location, identification, and communication.
                              In addition to VR, AR, and RFID, 3D printing is used to create prosthetics, hearing aids, and even customized dental devices.
                              6
                              Health Apps
                              Information Technology in Healthcare has resulted in the development of several health apps. This enables patients to have access to quick and accurate medical information using their smartphones. Patients can use these apps to keep track of medical appointments, receive reminders, and even access to test results easily. Health apps help people get healthier by offering customized solutions and track their food intake and activity levels.
                              Physicians can use these apps to access drug information to prevent side effects, solve any issues, and improve diagnosis. Physicians can communicate with their patients directly, record their vital signs, maintain logs about consultation and visits, and achieve better procedural efficiency.
                              7
                              Telemedicine
                              Telemedicine allows patients to consult with a specialist anywhere in the world. This new technology in healthcare facilitates critical care in emergencies, potentially saving lives. Telemedicine helps patients to use telemedical devices to receive home care and support via apps and video calls. Telemedicine makes it possible to transmit biosignal, medical images, and other crucial information to a specialist through asynchronous consultation. It means, neither the doctor nor the patient has to be present or online at the same time. This can significantly reduce the waiting time for patients and help improve delivery processes.
                              Healthcare professionals can monitor patients remotely via telemedicine. This can help manage chronic conditions effectively. Real-time interactions such as video conferencing can help with diagnosis, management, counseling, and patient monitoring.

                              Know about the latest tech developments advancing in the healthcare industry.

                              Odoo ERP Integration: A Case Study

                              In a world of complex and ever-changing healthcare dynamics, health insurance decision-makers often find themselves caught in a web of challenges. Casenet, a leading provider of population health technology solutions in the US sought a dependable ally- a tool that would empower them to sustain their business, optimize day-to-day operations, and unearth untapped user segments.
                              Fingent worked with Kogland to integrate Odoo ERP software into their existing system to overcome challenges like manual processes, financial disorder, and inefficient customer data tracking. With Odoo ERP, Kogland could automate many of its procurement processes, eliminating the need for manual data entry and reducing the chances of errors. The integration also helped Kogland track its inventory levels in real time, which meant it could make more informed decisions about its procurement processes. The results were nothing short of amazing!

                              Conclusion

                              To sum up, it can be said that technology has revolutionized healthcare and is expected to continue in the years to come. While developed nations have been able to harness health technology more efficiently, developing nations are not lagging. Today, more and more health providers are realizing the untapped potential of technology and leveraging it to streamline processes. There’s no denying that healthcare and technology go hand in hand and professionals will have to make the required changes and investments to improve the quality of healthcare.
                              Fingent, software development company, working with healthcare providers, medical analysts, life sciences experts, medical equipment suppliers, device manufacturers, and a host of players in the healthcare ecosystem to enhance their experience w.r.t. managing patient relations, delivering superior care, streamline treatment procedures and benefit from the rapidly growing medical data.
                              Get to know how we can help your business take the next step quickly and comfortably.

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                                About the Author

                                ...
                                Tony Joseph

                                Tony believes in building technology around processes, rather than building processes around technology. He specializes in custom software development, especially in analyzing processes, refining it and then building technology around it.He works with clients on a daily basis to understand and analyze their operational structure, discover (and not invent) key improvement areas and come up with technology solutions to deliver an efficient process.

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                                  How e-commerce adoption benefits B2B healthcare providers and device makers 

                                  The healthcare and life sciences industry is expanding at an exponential rate. The complexity and regulatory nature of the industry have made it imperative that technology catches up with its pace and offers solutions to meet this expansion. This need is being felt more acutely at the moment with the COVID-19 pandemic on the loose. As the pandemic spreads its poison and puts the B2B healthcare and life sciences e-commerce market into a state of flux, it forces large and small organizations to cope with a range of problems that include difficult purchase decisions, supply chain disruptions, and fulfillment and delivery issues. This calls for a technological solution tailored to suit the B2B healthcare and life sciences industry. 

                                  With over 17 years of experience in delivering customized technological solutions including developing e-commerce platforms for B2B clients, we provide B2B e-commerce web application development services for manufacturers, wholesalers, distributors, and so on. Also, our mobile app development services specialize in the designing and development of custom B2B e-commerce apps. 

                                  Case Study: Fingent’s solution for our client Bonanza – Streamlining Online Listing and Inventory Management

                                  In this article, we will explore five specific ways in which B2B e-commerce is that solution and how it will transform healthcare and life sciences.

                                  Immediate and lasting impact on the B2B e-commerce market

                                  In the present scenario, especially from a healthcare and life sciences manufacturing and supply perspective, the impact is immediate throughout the entire supply chain. Manufacturing companies are unable to keep up with the demand, and distributors are rushing to create workflows in an attempt to mitigate customer complaints. Distributors are being forced to claw their way to the front of the line to obtain supplies from manufacturers, stock up on products, and take care of their customers.  

                                  Healthcare and life sciences organizations typically have disaster preparedness plans, but dealing with such an unprecedented disaster is another ball game altogether. The question has shifted from purchasing to inventory, from buying to stocking.  It makes it challenging to find the space to hold extra products that these industries may need and that causes anxiety to all parties within the supply chain. 

                                  B2B e-commerce offers irresistible opportunities for purchasers and medical suppliers

                                  B2B e-commerce works largely on a distribution-based model where customers get their supplies from local distributors or dealers. Thus far, e-commerce has been disrupting the offline system of the B2B industry at a slow pace. However, with the spread of coronavirus and the subsequent lockdown, various industries including healthcare and life sciences are switching to online buying options to prevent human contact. This has resulted in B2B e-commerce experiencing an unprecedented boost in traffic and sales in just a matter of a few weeks. 

                                  Read More: Contactless Retail Delivery Software –  How Retailers Can Revive Sales While Adhering To Social Distancing Norms

                                  While buyers turn to an online purchase, many suppliers have adapted their strategy to foster online sales, dedicating a certain amount of their budget to digital marketing and communications. The current pandemic is imposing digitization of all B2B businesses that would help to communicate with the buyers and generate sales. Digitization of the supply chain is a crucial aspect of e-commerce because it encourages transparency and shows real-time availability of goods right from the manufacturers to the buyers. This makes it extremely important for suppliers to implement digitization in their supply chain. 

                                  The present COVID situation has forced most suppliers to work from home. Those who have already been using digital media are able to manage work remotely. However, others need to think over and plan to reform their business model to adapt to the new era of e-commerce. The pandemic might be temporary, but this trend is not going to be! This is a breakthrough that will continue far into the future. Now is the best time to be innovative, leverage the benefits of the latest digital technology, data analytics, and AI and unlock the potential of digitalization and e-commerce in B2B business. An advanced e-commerce solution built on the latest technology facilitates seamless interactions online across marketing, product discovery, sales, and post-sale service in the B2B sellers’ space. 

                                  Read More: E-commerce ERP Software

                                  Five ways B2B e-commerce can be transformative

                                  As B2B e-commerce forges ahead, the healthcare and life sciences industries will prove to be faster adopters than others. They can fully leverage real-time data tracking inventory and logistics between buyers and sellers. For manufacturers and distributors who sell to hospitals and nursing homes, the level of information presented to buyers in the B2B space can depend on the size of the organization or the customer that is doing the transaction. Depending on the frequency of the order, the level of sophistication of information may vary.  Shifting to B2B e-commerce will prove to be a much-needed transformation. 

                                  Here are five ways that this transformation will be seen: 

                                  1. Online Shopping Drives Online Presence

                                  E-commerce is changing the way people and end-users (such as doctors) shop for healthcare products and the way those products reach the hands of customers. Instead of visiting a pharmacy, most customers are turning to the internet to perform the functions of a regular pharmacy. Healthcare and life sciences companies use a business model that features quick delivery to a patient’s door or to hospitals and healthcare centers. Investors see promise in this revolutionary approach to medication fulfillment, demonstrating that the market has confidence in this model despite the shifting healthcare and life sciences landscape. 

                                  With more and more people turning to the internet to access products and medical care, the healthcare and life sciences industries have been increasingly concerned with the quality of their online presence. According to an online medical marketplace, 50% of their customers are referred by their primary provider or by hospital staff, and 20% are referred by family or friends. This highlights the need for the healthcare and life sciences industries to increase their online presence and maintain it. 

                                  2. Helps explore new possibilities while cutting costs and time 

                                  Shifting to an online B2B e-commerce process can help businesses recover 25-30 percent of their investment. Some of the more mature players might even see higher returns of their business through online orders. 

                                  Migrating more orders online frees up time for sales reps. They can concentrate on introducing new products and capitalize on opportunities for new business. This allows industry leaders to use their time and ability to explore new channels of business and revenue streams. This can also help expand their client base and move into new markets. 

                                  B2B e-commerce enables the healthcare and life sciences companies to see where the business is coming from, where the segments are online and where they are offline. It also gives them the ability to offer variable discounts with certain customers, on certain products, or even just one customer. It will make drug prices more transparent and market-oriented. 

                                  Read more: Odoo E-commerce5 Reasons to Integrate Your E-commerce Application with Odoo ERP

                                  3. Transforms Logistics Operations

                                  Synchronization of logistic operations is critical for the success of any business. Enterprise customers generally look for reliability, speed, traceability, and convenience in delivery along with effective product returns, and exchange policy of damaged products. 

                                  Technology solutions for B2B e-commerce provide orchestration with an application that is to be hosted on an e-commerce website. The open standard in these applications facilitates information exchange that allows real-time visibility for seamless integration across supply chain stakeholders. E-commerce offerings can provide credibility and trust for transactions between companies involved in the supply chain. 

                                  4. Enables Customer Personalization

                                  B2B e-commerce enables customer personalization. Enterprise customers want personalized solutions. B2B e-commerce provides a customer portal with content organized around the parameters of their past purchase history and price optimization algorithms that are adjusted on the basis of the relationship. E-commerce offerings are simple, flexible, and convenient. B2B players can use a comprehensive suite of tools that are available to help their customers navigate the site. Certain platforms incorporate live online support to assist with any queries or issues which can improve conversion levels and facilitate buying decisions.

                                  5. Sheer Momentum 

                                  Many medical device companies are already selling products online to enterprise customers. The healthcare and life sciences market is ripe for disruption. Medical device manufacturers and pharmaceutical companies will continue to deliver to wholesalers and distributors, but e-commerce allows them to embark on direct-to-patient delivery. Logistics is ready to respond with tailored services for various products. B2B e-commerce is set to propel healthcare and life sciences forward in the extremely near future.

                                  Take Action

                                  Ultimately, healthcare and life sciences e-commerce will facilitate the redistribution of stakeholders’ offline enterprise transformation and reconstruct all the links of the value chain. Realizing the benefits of B2B e-commerce, many healthcare and life sciences companies are becoming believers. 

                                  Read more: Top 5 Open-source ERP Systems for Medical Equipment Suppliers

                                  E-commerce can effectively optimize operating processes, reduce costs, manage resource allocations, and address the increasingly diversified consumer healthcare demands. The healthcare and life sciences companies must understand that due to the conditions of accelerated technology change, it has become critical for enterprises to become more skilled in deciding their future course and be firm in taking action. If you need help with this, we are software development experts and are here to help you take that next step. Get in touch with us and just let us know what you need. 

                                   

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                                    About the Author

                                    ...
                                    Girish R

                                    Girish R, Programmer for 17 yrs, Blogger at Techathlon.com, LifeHacker, DIYer. He loves to write about technology, Open source & gadgets. He currently leads the mobile app development team at Fingent.

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                                      A list of 5 popular open-source ERPs that support healthcare equipment suppliers

                                      The global healthcare expenditure is anticipated to rise at a CAGR of 5% till 2023. The healthcare industry can, therefore, look at a bright future. Medical equipment suppliers have to deal with various challenges. They have to ensure that all products comply with the regulatory guidelines, are of high quality, and are entirely traceable. Robust ERP systems can help medical equipment suppliers to gather insights from data to make quick decisions. Let’s take a look at some of the open-source ERP systems out there that are suitable for SMEs.

                                      1. Odoo ERP

                                      Odoo is an open-source ERP platform that allows ease of deployment. This is specifically helpful for SMEs that do not have dedicated IT infrastructure. The flexibility helps integration of different business processes and systems. Odoo for medical equipment suppliers is a comprehensive ERP solution that helps manage financials and operations with ease. 

                                      The core modules of Odoo like Accounting, Project Management, and Inventory Management make it suitable for medical equipment suppliers. Developers can create custom third-party apps to meet the specific needs of a medical equipment supplier. Odoo offers more than 10,000 apps to meet most business needs. Fingent is an official partner of Odoo with years of experience in implementing, customizing, and providing consultation for clients. As an Odoo development company, Fingent has catered to the needs of various customers and streamlined their operations. Our motto of increasing efficiency and ease-of-use has made us a popular choice among various organizations for Odoo implementation requirements. 

                                      Read more: 5 Salient Features of Odoo that Make it a Reliable ERP for Enterprises

                                      2. ERPNext 

                                      ERPNext is a contemporary ERP solution that allows you to focus on delivering medical equipment of high-quality by effortlessly managing your supply chains. It enables you to intelligently track orders, monitor stock levels, implement promotions, and minimize errors in inventory sourcing. You can leverage the numerous built-in integrations offered by ERPNext and start supplying in no time. With ERPNext, you can have real-time updates on the movement of equipment, control equipment transfers within different warehouses, and generate required reports quickly and easily. You can also create your customized software on-the-fly without any code. 

                                      3. Epicor 

                                      Medical equipment suppliers have to deal with difficult delivery timelines, complicated pricing arrangements, unique inventory, oversee seller agreements, and concessions. Epicor ERP solution enables you to carry out all your operations with ease. The Epicor Prophet 21 ERP is specifically designed for supply and distribution. This user-friendly ERP system can help suppliers maximize profits and scale without limits. Epicor allows you to integrate all your business applications with RESTful API. You can also automatically manage your warehouses with Epicor Prophet 21. This helps in the smooth running of all processes in your warehouse. This, in turn, improves precision enabling you to provide better services to your customers.   

                                      Epicor Commerce Connect helps you to create and maintain an online presence which is the need of the hour. The increased visibility across the supply chain helps medical equipment suppliers even forecast demand. 

                                      Read more: ERP or Digital Transformation: The Best Technology Solution For Your Enterprise

                                      4. Microsoft Dynamics 365

                                      Microsoft Dynamics 365 combines the best practices of Microsoft’s ERP, CRM, and BI solutions into a single product that is cloud-based. These features enable the system to scale and grow along with your business. Capabilities like Material Resource Planning and Vendor Self-Service Help minimize vendor lead times and inventory carrying costs. The fully automated warehouse management system (WMS) helps optimize your warehouse space, labor, and resources. 

                                      Microsoft Dynamics 365 gives medical device suppliers full visibility across the entire supply chain and the ability to track information and job at all touchpoints. This helps improve efficiency, reduce expenses, and promote smooth communication within different segments of the medical device industry supply chain. As a medical device supplier, you need to understand who has purchased the device from you and whether it has come back for service. You have to take information from different systems and combine those to give meaningful reporting. You also may have to rework your inventory according to changes in regulations. Microsoft Dynamics 365 allows you to be unique in the medical device industry because that’s what gives you the edge.

                                      Read more: ERP E-commerce

                                      5. Oracle NetSuite 

                                      Oracle Netsuite is proven to be a very mature SaaS solution that brings in next-level integration and seamless nature to the table. Though NetSuite is ideal for SMEs who can leverage the relatively low-cost entry point, many enterprise-level companies are also considering Netsuite due to the scalability that it provides. Oracle NetSuite helps medical device suppliers to react to the diverse market and deal with different customer bases and different routes-to-market. NetSuite helps you reduce indirect costs and get through the maze of the regulatory framework by allowing modifications and customizations. You get one central source of information that helps simplify the complexities of the medical device business. The flexibility that Oracle NetSuite offers, helps the medical equipment industry to adapt to the changes in customer demand and provide them with what they want and when they want. 

                                      Read more: 5 Reasons to Integrate Your E-commerce Application with Odoo ERP

                                      Conclusion

                                      Analyses of the medical equipment supplies and distribution industry show that companies that have demonstrated the ability to leverage cloud computing and ERP have increased their profitability and revenue. This was achieved as a result of seamless integration of all business processes which enabled real-time financial and operational visibility, better cost management structures, improved forecasting and revenue tracking, and the ability to access data from anywhere. 

                                      A large number of medical equipment suppliers usually are small to medium-sized businesses, where the one-off system automation model proves to be inefficient. Cloud-based ERP systems eliminates the old standalone computer systems and replaces them with a single, unified software program. Thus, someone in Finance can easily look into the Warehouse software to check if an order is shipped. ERP cloud computing can help you see exactly where your business is, at any second of the day. You can see how much revenue you’ve earned for the day, how much inventory you have, how you are trending over previous days, months, and years. 

                                      Read more: A 3 day Odoo CRM implementation story!

                                      Cloud-based ERP systems becoming the rage for medical equipment suppliers, it’s high time that you too invest in one, if not done already. Fingent helps you leverage the benefits of the open-source ERP systems mentioned above by understanding your unique business requirements. Because we know that this uniqueness is what gives you that competitive edge. Contact us to know more about how your business can benefit from ERP integration. 

                                       

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                                        About the Author

                                        ...
                                        Tony Joseph

                                        Tony believes in building technology around processes, rather than building processes around technology. He specializes in custom software development, especially in analyzing processes, refining it and then building technology around it.He works with clients on a daily basis to understand and analyze their operational structure, discover (and not invent) key improvement areas and come up with technology solutions to deliver an efficient process.

                                        Talk To Our Experts

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