Start-Ups Changing the Healthcare Industry

Few sectors stand to gain more from recent enhancements in technological innovation (and certain federal legislation) than healthcare. In 2014 and beyond, consumers will finally start to benefit from some of the enhancements that have been changing over the last year, from 3D prosthetics to cutting-edge DNA testing. Here are some stats: Family care providers offer 83 percent of senior care in the U.S. each year and these family care providers spend about $5,000 and devote 1,000 hours to offer proper care to their families. If care provider mistakes were reduced, which could potentially reduce Medicare expenses, then $60 billion dollars in avoidable healthcare expenses could be removed.

healthcareA portion of the Affordable Care Act makes it a requirement that healthcare providers switch to electronic medical records, so there have been several start-ups offering services in that world, including Practice Fusion and CareCloud. The appearance of 3D-printed prosthetics symbolizes a major landmark in not just the performance and appearance of artificial limbs, but also the availability of them. Over the last season, a number of powerful applications of big information approaches to healthcare problems have appeared as appealing solutions. Start-ups are using quantified self information to fix infertility (Glow), running big information analysis on differential diagnoses for cancer treatments (HC Pathways) and applying ad tech techniques to find connections in disease treatment (Flatiron Health).

The Supreme Court decided against the patent-ability of naturally sourced human genes this previous June. This previously meant that companies were able to patent a particular gene series that associated to a particular hazard to wellness or drug sensitivity. Not amazingly, the patent certification was expensive for research and avoided bringing DNA testing to the public. The use of technological innovation to build better relationships, improve communication and identify early depending on EMR-integrated provider-patient programs captivates healthcare traders. Although the quantified self gets lots of attention, large sections of our population are not as tech-savvy and technological innovation needs to have concrete and immediate benefits for high adoption. The second trend is compliance-based technological innovation that allows patients to stay in therapy, receive consistent reviews and rely on a support network.

Paperless Patient Care

Most people reading this probably grew up in an age of paper medical care details, hand-written medications, and faxed or sent by mail test results. A common sight at many physicians’ office visit was a wall of patient files containing just this kind of details, all alphabetized and marked with little colored tabs. However, to younger visitors and what will certainly be the case for your children, this program of handling your medical care information will look like it belongs in a museum. In a world where you can do everything from book, to pay your takes and even call a cab online, the idea of depending on document records to arrange important elements of your medical care and also one of the biggest sectors in the United States seems ancient.

patient_careFor decades now, medical care service suppliers have discussed the move from paper-based medical care information. Today, electronic medical care record techniques are finally becoming more popular. This is a pattern that has been growing over the past 10 years but that has significantly extended since 2009, when President Obama released the “Health Information Technology for Economic and Clinical Health Act”, an incentive program to motivate medical care centers and patient care suppliers to look at digital medical care information. To date, the stimulation bundle has provided immeasurable dollars to over one hundred thousand qualified medical care centers and qualified patient care suppliers  who have confirmed adopting, called “meaningful use,” of qualified EHR technology. Improvement is being made, for example, a report by the Robert Wood Johnson Foundation found that the number of medical care centers using some kind of EMR has tripled in the last three years, bringing the total utilization up to 44 percent of US medical care centers.

The conversion away from paper-based methods to digital medical care information, however, has not been easy, or quick. Part of the problem has less to do with technology and more to do with culture. Applying an EMR program means that patient care suppliers and other medical center staff have to go about their work in a different way than in a paper-based environment. Applying an EMR invariably has an effect on clinical process since a new part is being added between the patient and doctor and how the doctor is documenting the individual’s information and developing a plan of proper care.

Effects of Technology on Patient Care

Technological innovation has become an important part of the nursing career and patient care. However, in many circumstances, it has also become an annoying one. Take, for example, electronic medical records (EMR). As more and more hospitals turn from paper charts to EMRs to get to know a patient’s history, medical staffs have to evolve to this new, technologically-driven method of charting. Yet, many nurses do not get sufficient training and education, making them exacerbated of know-how and not really prepared to use it successfully. The truth is that, with the right knowledge and the right resources, nurses can use technology to improve patient results in patient care and their own professions. Here are some illustrations of how you can use technology to your advantage:

It provides straightforward access to patient information. – When nurses think about EMR systems, they often concentrate on the disadvantages, such as the plenty of screens to check and the limitless displays they have to surf through. However, EMRs really can save your time by offering accessibility patient lab results, history, physical information and notes all in one location. Obtaining this data via paper charts could take hours, but with an EMR, it’s all at your convenience.

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It helps provide precise medicines. – Every health professional knows about the five privileges of medication management. However, many nurses also know first-hand how challenging it can be to document each step on paper. Luckily, with EMRs, precise medication information is always available and up-dates can be recorded with convenience. You can also quickly access allergic reaction backgrounds and medication information and see how the medication will communicate with other medicines. As a result, you can ensure that the right medication is going to the right sufferers.

It enables you to research illnesses and diseases. – Every day, you care for sufferers being affected by an ever-changing variety of conditions. It’s challenging, if not difficult, to know everything about every illness process. However, it is simple to learn. Internet sources such as UpToDate.com, an evidence-based, physician-authored medical data source, can give you information you need to cure diseases that you don’t regularly experience.

EMR and Patient Care

The EMR or electronic medical record’s guarantee of participation to health care price benefits got a second look recently, and the results were inadequate at best.  But what I found interesting was the “second look” was from the same company that did the first look: the corporately-funded, non-profit think-tank called the RAND Corporation.

From their second and more recent report:

A team of RAND Corporation researchers estimated in 2005 that fast adopting of health information technology (IT) could save the United States more than $81 billion dollars yearly. Seven years later, the scientific data on the technology’s impact on health care performance and safety are combined, and yearly health care expenses in the United States have grown by $800 billion dollars.

Who would have thought that such a famous company like the RAND Corporation could have made such a little, tiny multi-billion dollar mistake? After all, their 2005 study was financed entirely by several of the major EMR producers who have gained enormous amounts in income on EMR sales since.  Is there any wonder that now the same RAND Corporation sensed that the EMRs deficiency of price benefits is really the end-users’ fault?

In our view, the frustrating performance of health IT to date can be mostly linked to several factors: gradual adopting of health IT techniques, in addition to the choice of techniques that are neither interoperable nor easy to use; and the failing of medical service providers and organizations to re-engineer patient care procedures to obtain the benefits of health IT.

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What a superficial evaluation.  There is no talk of the price of these techniques, their maintenance, deficiency of interoperability, inadequate user-interfaces, and in many cases, deficiency of design support.  Even more interesting, there was no consideration that someone might actually figure out a way to efficiently dress the government’s arcane certification requirements for compensation that would permit more patient care spending.  No, those tests would have been too obvious.  Instead, the Rand Corporation informs us that there were no price benefits with the EMRs because doctor- and hospital-customers did not re-engineer their patient care procedures or “adopt” poor first-generation techniques.