China Healthcare Sector Analysis

China’s healthcare industry is entering into a new era with advance development of the infrastructure system. The industry is blessed with several advantages like large population of the country, increasing ageing population, increasing prevalence of lifestyle disease and many more. The government has also boosted the industry growth by blessing the sector with a US$ 120 Billion reform package. Backed by these all factors, healthcare sector in China is expected to outperform all other sectors in the country in terms of growth.

According to our new analytical study on the sector called -China Healthcare Sector Analysis- the China healthcare spending is forecast to grow at CAGR of over 18% during 2010-2012. Currently, the market is characterized by major changes in rural healthcare infrastructure. Anticipating the future growth, many private sector giants are looking to invest in the sector to get a pie of the chunk.

Our report has found that medical device market is expected to grow most in all other segments. The government decision to improve the healthcare infrastructure in rural areas will result in increasing demand of medical devices and equipments. Backed by this increasing demand, the medical device market is expected to grow at a CAGR of around 20% during 2010-2012. In this regard, our report provides rational analysis of various factors which will drive this market segment over the forecast period.

It also provides extensive information on Chinese pharma market with the detailed description of traditional Chinese medicines and western medicine market. It also highlights several emerging market trends like medical tourism market, healthcare IT market, telemedicine, etc. The research study gives detailed statistical and analytical review on demographics, macroeconomic indicators, disease profile, healthcare services market, key drivers and restraints. It contains all the vital information that will help clients to draw up their market strategies and assess opportunity areas in China’s healthcare market.

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About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today’s globally competitive environment.

Rising E-health Services Boosting Us Healthcare It Market

US healthcare IT market is witnessing significant growth from the past few years. The market is propelling on the back of rising number of E-health services in the country. The use of E-health services is increasing due to rising penetration of internet and broadband in the country. Further, the E-health market is performing on the back of rising adoption of market components, such as EHRs/EMRs, health information exchanges (HIE) and e-Prescription. In addition, the government is also talking various initiatives to develop the E – health market in the country. Besides, the e health market will continue to grow in the coming years due to rising health concerns and increasing awareness among population. Therefore, considering the above factors, it is projected that the US E-healthcare market will grow at a CAGR of around 11% during the forecast period 2013-2017.

According to our research report, US Healthcare IT Market Outlook to 2017, the market is growing tremendously on the back of technology advancements and strong government support. Rising opportunities in remote patient monitoring and medical imaging information system are also propelling its growth. Our report provides the detailed analysis of healthcare IT market performance including its segment such as healthcare IT hardware, healthcare IT software and healthcare IT services.

In addition, it also covers the study of components of the market including M-health, remote patient monitoring and medical imaging information system. It also provides the thorough analysis of emerging trends that are boosting the healthcare IT market in the country. Further, the report also includes analysis of potential growth areas of the market along with regulatory framework.

Our report, US Healthcare IT Market Outlook to 2017, offers the detailed analysis of key market players that will help the client to have an understanding of the competitors in the Industry. Additionally, we have also covered the key developments of these players in the country. Overall, the report presents a comprehensive look at the sectors past, present, and future scenario.

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RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

A Brief Introduction To Healthcare Software

The most vital issue that is faced by any health care entity today is providing quality services in a constraint bound budget. This had brought about the need for a catalyst, a change that will open up a whole new spectrum for the healthcare sect. With the advent of hospital management software that issue has been dissolved completely. The advent of this phenomenal software has reduced the paperwork by making the billing process electronic for numerous hospitals and clinics.

The use of healthcare software:

Healthcare software is used for numerous purposes, some of which are used strictly for maintaining medical data of patients, such as dates and medical records of tests. Some other types of software have the potential to link billing data with medical data, further restructuring the long process of coding documents for billing. In addition, there is a wide variety of software that is available, many of the programs that enable customizing to fit the needs of your hospital or clinic.

The benefits rendered by healthcare software:

1. It allows doctors and nurses to access a patients medical history with complete ease.

2. It saves a lot of the crucial time of a doctor or medical practitioner as getting through to the patients medical records can be carried out with simply hitting a search, instead of going through hundreds of documents and paperwork.

3. The doctor also gets a quick update on all the medications being taken by the patient over his/ her treatment period.

4. Healthcare software has also helped by cutting costs, as the tedious process of organizing, securing, storing as well as filing paper documents is done with, removing the scope of errors as well.

5. Numerous acclaimed hospitals also state that having electronic healthcare records is much more private and secured than paper records.

Therefore, for a hospital or clinic that is planning about employing this health care system, be aware that medical professionals will need to face a significant a learning curve to get acquainted with the same. In addition, you should also be aware that some of the noted software in the healthcare management system includes, hospital management software and hospital IT solutions.

Last but not the least, having such well-equipped software in your hospital or clinic will give you the opportunity of ensuring quality healthcare to your patients, as all the required information and data is easily accessible with barely any wait time. Specialists and primary care doctors should definitely reap the benefits that are being offered by technology.

The Benefits of IT in Healthcare

Information Technology (IT) has truly played a pivotal role in the healthcare industry. As one of the largest industries across the globe, IT has ensured smooth functioning of critical operations and has helped achieve the required efficiency needed to run a healthcare organization. As in other industries, IT is helping public and private sector organizations worldwide offer excellent patient care, thereby converting ailing patients into healthy individuals.

IT in healthcare aims to provide information electronically. This can be stored, retrieved and transferred with ease. Multiple parties can access this information, thereby providing faster resolution to medical cases. Various technologies that have been developed to offer convenience to healthcare organizations are as follows:

Electronic Health Records (EHR)

Clinical Decision Support System (CDSS)

Radio Frequency Identification (RFID)

Picture Archiving and Communications System (PACS)

Automated Dispensing Machines (ADM)

The overall quality of healthcare is bound to improve when doctors, nurses, patients, etc. have the correct information at any given point in time. Quick decisions can be taken based on reports that can be conveniently accessed.

The strategy adopted for implementing IT solutions in healthcare organizations varies from one company to the other. Few companies would like to initially make heavy investments in IT infrastructure. This is where outsourcing of IT infrastructure to specialist companies comes into play. Outsourcing helps a healthcare organization focus on their core competency of providing quality patient care. Therefore, it is very important for organizations to leave the worries of healthcare IT support to companies who provide expert medical IT support.

Most important, IT has contributed significantly to simplifying the lives of patients. Access to correct information ensures that they don’t have to spend money on unnecessary tests. Appointments can be scheduled online for consultations with physicians and specialist doctors and for hospitalization as well. Reduced paperwork ensures the availability of old reports without wasting time looking for them in paper files. Entire families’ medical records can be accessed online with information on medical history, last tests conducted, etc.

The benefits provided by IT have truly been a blessing for the healthcare industry!

Healthcare Softwares For Every Hospitals

Lot of companies are providing the application software in healthcare management and information system, both of which are integral and critical parts of a smart healthcare system project. The idea is to bring the functions of all departments onto a unified platform from a reporting, data collation and data analysis perspective. If healthcare system is integrated and managed through a proper information and management system, then anybody can get access of it starting from primary healthcare unit to specialty centre, both from patient care and administrative perspective. In the process , it becomes much easier for the government to provide much better healthcare services. The need was already there, but only a few states have actually come up for adopting best of IT systems for healthcare.In general terms what basically these software are based on open source software with proprietary database at the backend. The software provides most flexible options in terms of reduced total cost of ownership, maintainability , vendor independency and in addition, it runs on a variety of operating systems. From an architecture perspective , it is extremely scalable and can be easily modified.
Areas like drug and material distribution, inventorying, purchasing and facility management have largely benefited through use of IT. The application also helps to standardize and define different protocols in the system as and when required. All these synchronies towards a significant enhanced quality healthcare service. Equity issues are taken care of by the public sector for those who cannot afford. Private sector is more or less differentiator. Sixty to seventy percent of work is left on the public sector. We need to increase the spending from current 4% to at least double by that. While healthcare IT spending in most emerging Asian economies has increased appreciably, yet certain developed and emerging nations are still lagging behind. Considering the global aspect, judging by the percentage of healthcare IT spending as part of overall national IT spending, Australia tops the chart , followed by China, Malaysia, New zealand, Philippines and Vietnam. The trends and spending patterns of Australia have been found to be most typical in the region, resulting in sustained growth of the market, at a pace that is even higher than many of the currently emerging economies. Public Sector institutions continue to slog or rather decay on account of lack of monitoring mechanisms, lack of management controls system and lack of accountability. In India, public health sector sees highest absentees. Still their incentives are very high. We need to have very strong management controls and IT enabled mechanism to monitor the output. Just Deploying thousands of doctors in the rural areas such as Gujarat is not enough

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Healthcare IT Solutions A Win-Win for All Stakeholders

Information technology (IT) has helped change the face of many industries. It is because of IT, that many organizations have had to face a strategic inflection point in their business cycle, for the better. Sure, the change was initially difficult but eventually IT has only proved to be an excellent solution to the many challenges that an organization faces.

When it comes to the field of healthcare, industry professionals are better off focusing on their core competency, rather than channel their energies to other functions of the organization in order to ensure completion of tasks. This is the reason why outsourcing of hospital IT infrastructure is taking place across the industry. There are immense benefits once this activity is outsourced, since the hospital administration can then dedicate its focus to the patient’s well being.

Healthcare IT solutions provide benefits like the application of industry best practices, control of operating costs, ease in coordination between various functions of the organization, eventually leading to superior customer service, etc. Healthcare IT provides valuable information on a real-time basis, and patient records can be viewed by the stakeholders with ease. Outsourcing of healthcare information technology will also help the organization have an effective IT strategy in place that is in alignment with organizational goals. Also, outsourcing of IT-related services makes a lot of business sense for the organization, since upfront investments in IT and the creation of IT infrastructure is an expensive undertaking.

Medical IT is beneficial for patients, too. Electronic Health Records, which is one of the technologies, ensures that patients can conveniently access their medical reports online, thus reducing paperwork. The same reports can be viewed by their doctor which helps them make quick decisions. This can come in handy, especially during emergency situations. In cases where a patient may have to see multiple specialists for a particular illness, each of them can view the same report, once they have access to view it.

Hence, the emergence of IT in healthcare is a boon for all the stakeholders and helps a healthcare organization achieve a sustainable competitive advantage in the industry.

The Role Of Mobile Technology In Healthcare

The latest ongoing trend is seeing hospitals and healthcare providers join forces to build mobile solutions. All this is to help enhance patient care and fill in the bridges between doctors and patients in regards to medical help and guidance per se.

What is the use of mobile healthcare solutions?

Mobile healthcare solutions in the form of mobile apps provide patients with frequent information related to the disease they are tackling through their very own mobile device. This ensures that the patient is able to communicate with and get a health status check up with his/ her provider.

Mobile apps are intelligent and help provide an overall health status to the patient, simultaneously giving the care provider or medical professional an opportunity to advise disciplinary actions, keeping in mind the health of the patient.

What are the beneficial features that stand out for patients?

Thanks to healthcare IT services, healthcare providers can now create a quality checklist for each patient, this ensures that as and when the patient overshoots a vaccine schedule, it will be flagged with a due date. In other words, a notification indicating youve missed out on one your vaccinations will appear. Not only this, medicine reminders, doctors appointments, and other health related reminders.

What are the beneficial features that stand out for medical professionals?

Mobile apps like these help healthcare professionals, as they also maintain a health-record book that stores all the information regards the past, clinical tests, its results, notes from the doctors visit, contact details and a lot more of vital details. This saves the doctor a whole lot of time that he/she could now use to provide nothing less than quality healthcare.

Not only this, doctors also benefit as such apps maintain articles, manuals, videos and aid in providing education on specific chronic diseases, aiding doctors to help patients more effectively, improving the quality of life for patients that need it the most.

Conclusion:

Though mobile healthcare is catching up well, electronic healthcare software systems too are being installed and made use of globally. Both of these are crucial tools that are responsible for making health care more self-sufficient and less time consuming. Therefore, if you are a doctor and own a clinic or a hospital, be sure to collaborate with technology teams to help create a better future not only for your stream of work, but also to improve the quality of patient care. Healthcare IT services have come a long way.

Cloud Computing

Cloud Computing

Cloud computing is one of the hottest ideas in the world of technology. The term Cloud computing has been around since 2008. Cloud computing developers define their trade as an innovative technology that provides dynamically scalable computing resources and applications over the Internet. Cloud computing is typically provided as a service and managed by a service provider.

The advantages of cloud computing:
High standardization and automation of IT processes
Measurability of IT resources
Savings on licenses, maintenance, and technical staff

Milli Micro Systems brings cloud computing expertise to your enterprise.MMS can buildand seamlessly integrate cloud computing technologies into your presentand future IT infrastructure needs. These technologies are compatible with existing resources and applications and meetpolicy and compliance requirements, helping you move faster, respond quicker, and accelerate innovation.

Our Capabilities
MMShas close relations with cloud computing developers and experts. Because of this, MMS has developed a unique and specialized expertise in this area. MMS can provide robust implementation services and advice during your shift to cloud computing technologies.

Uses and Applications
Today, the US Government is undergoing a profound migration of its own infrastructure and platforms to cloud computing solutions. Because of the economic downturn, the government, as well as countless other companies, is searching for ways to do more with less. Cloud computing is a heaven-sent solution to these challenges.

Many companies, both large and small, can already testify to the monumental savings and productivity boosts that cloud computing enables.
Many IT managers are hesitant to adopt cloud computing, on account of how new it is. Uncertainties and questions are raised, and they often find themselves asking:
“What return on investment can I expect? After how long?”
“How can I be sure that cloud computing will actually respond to my business needs?
Where to even start? In other words, how do I initiate a migration?
What are the risks of migration, and how do I most effectively manage the migration?
What are the strengths and weaknesses of cloud computing?
How do I update the skills of my employees to ensure that they are competent enough to operate these new technologies?

Uses and Applications
Cloud computing can be applied in almost any environment, from the small business that needs a secure, cheap e-commerce website, toDepartment of Defense agencies that requireextremely high consistency, security, and availabilityin their systems.
There are many cloud computing providers to choose from. Some are free, others are not. For paid applications, the cost will be a function of several variables, such as the terms of service, how much the service is used, the volume of data traffic used, and so on.

Benefits to the Clients
Milli Micro Systems has a proven record of cloud computing expertise. MMS has offered advice and solutions to the Department of Defense, the Army, the Navy, the Marine Corps, and multiple universities.

MMS can provide solutions that ensure that you get the most out of cloud computing technology, in terms of flexibility, security, performance, responsiveness, and cost reduction.

Key Benefits of Cloud Computing
Fast: There is no longer any need to waste time acquiring, installing, and maintainingdatabase hardware and software.
Access to Cutting-Edge Technology: Most software vendors constantly update their services, adding new features as they become available.
Elastic:The MMS cloud system is designed to accommodate sharp increases in workloads. It is adaptable to both rapidly growing businesses and businesses with seasonal peaks. Speed of response increases, and operational risks and costs are reduced, because you only pay for what you use.
Mobile:Company staff members have access to the MMS cloud system wherever they are.
Economic: The provider offers services to multiple companies, including Federal agencies, government offices, universities, schools, which benefit from sharing a complex modern infrastructure, paying only for what they actually use, eliminating unnecessary spending on infrastructure.

The Evolution Of Healthcare Services & Software Development

How Healthcare Industry has evolved till now?

Digitization of the healthcare system has been an inevitable change just like in any other industry. Any organization when it expands, irrespective of the industry, needs to manage a lot of internal departments for coordination & smooth operations. In healthcare industry for example, there are a lot of challenges that requires the role of Healthcare Business Intelligence.

Adoption of IT came in different phases in the industry. Healthcare Software Development changed & improved with every phase.

The first phase brought technology into tasks which were repetitive and could do with standardization & automation like software for accounting & HR ( which includes payroll, hiring, reimbursements etc.).

Then came the phase where IT was evolved in two major ways. Firstly there was better coordination between various departments within an organization. And, secondly healthcare companies could easily integrate with their suppliers thus helping them a great deal in supply chain management. The healthcare application services & software that was introduced then may not have made an impact immediately, but was certainly a foundation for the healthcare software development in the years to come.

The third phase which is the ongoing phase for those looking after healthcare business intelligence. Many organizations have entered into this phase where there is complete digitization of processes & channels. The technology today has more power than in simply help in complete normal functions of an organization. technology has enabled people to do the tasks more valuable for them, letting the healthcare application services , say in the healthcare industry, take care of the rest.

The third phase focused more on the needs & convenience of the patients and less on the processes unlike the first two phases. This helped build a fully integrated & proper digitized healthcare system.
Now that even the patients are getting the hang of the healthcare IT system and in fact finding it more handy, it’s time institutions to get completely acquainted with technology and go all in.

It’s incorrect if hospitals and other healthcare institutes still believe that patients don’t want to utilize healthcare application services as it involves medical care which is a sensitive issue, and only use them specific cases. On the other hand, the lack of use of services is due to the nature of the services provided & not medical care. What is needed then isn’t a change of mindset, which has already taken place after the digitization of every other industry, but to bring improvement in the healthcare software development.