Government Support To Drive Rapid Growth In Us Healthcare It Industry

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US healthcare IT market is going through a tremendous growth phase as countrys government is providing requisite support to the industry by providing huge incentives and formulating various regulations. Moreover, there has been introduction of many programs which would provide significant investments in healthcare IT technical assistance and resources to assist providers with adopting, implementing, and optimizing the use of customizable health IT tools and thus enhancing the adoption rate.

According to our latest report, US Healthcare IT Market Outlook 2018, countrys healthcare IT market is witnessing a tremendous growth owing to declining costs of HIT systems implementation, stricter government regulations and huge incentives for implementation. Moreover, current industry trends such as emergence of cloud computing in healthcare IT, growing strategic collaborations and rapid technological upgradation in the industry are also propelling growth in the industry. Considering the above factors, the US healthcare IT market is anticipated to grow at a CAGR of around 10% during 2014-2018.

Our report provides an in dept analysis of countrys healthcare IT industry, including the current and future market size for various industry segments. The report features market analysis of HIT segments (hardware, software and services) coupled with the in-depth analysis of major HIT components. These components comprises of hospital information system (it covers EMR, CPOE, CDSS, MIIS), pharmacy information system and laboratory information system.

Further, our study delves into the potential growth areas of healthcare IT market in the country which would help the client to get deeper information about the industry. In addition to that, various regulations have been covered in the report which are affecting industry growth or may affect in the future.

Also, we have covered an in-depth analysis of competitive landscape covering business overview, key financials, strength & weakness analysis and recent developments of major healthcare IT vendors of the country. Overall, the report provides an unbiased view into the state of countrys healthcare IT industry which would facilitate clients in analyzing the driving forces and understand the existing opportunities in the industry.

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Healthcare Business Development Services How to Increase Health Care Business

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We Healthcare Business Development Strategy for every hospital, physician group and healthcare agencies to improve business and makes work more batter and efficient. Healthcare Business Development We perform a thorough review and analysis of all activities correlated to the development of your organization and develops a comprehensive and fully customized plan to help your business thrive.

Focused Business Development If your company has one or more known “Difficulty” areas, we will focus our hard work on exterminate these barriers and create a step-by-step follow-through plan to strengthen your business development.

Managed Care We help to solve your managed care contacts. We will probe into your accessible practice to discover your strengths and weaknesses and then develop a renegotiation strategy to modernize your efforts and develop your returns.

Financial Arrangement By forging strategic alliances between hospitals, healthcare systems, physicians and other key entities, we create new and improved services, an increase in market share and a relief from the pressures of ever-increasing capital needs. We’ll structure, negotiate and implement these partnerships so you can reap the financial rewards.

Business Market Analysis When recommendations and plans are not developed in the context of your own market, they are doomed to failure. We do extensive quantitative and qualitative research to ensure that the desired results are obtained.

As a physician-owned practice, a large or small hospital or a specialty healthcare institution, you know it takes careful planning and innovative thinking to move your enterprise forward. The question is, with the many demands you face on a daily basis, will you be able to find the time to implement change? Even more importantly, do you have the expertise?

Enlightening information, a no-nonsense approach and the ability to invigorate your business in ways you may never have imagined; this is the essence of R&L Healthcare Advisors. With the expertise to manage, facilitate and guide any-or all-aspects of your organization, we are a valuable resource for a wide range of clients.

For custom solutions that combine expert analysis, visionary thinking and hands-on implementation designed to harness the opportunities of today’s changing landscape, R&L stands apart. We’ll make sure your enterprise does too

The Best Tips for Healthcare Professionals to Fight Flu Season

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Healthcare professionals run a much higher risk of becoming ill during flu season than the average person, simply because they are exposed to many more people who are sick. Now that H1N1 has made the flu a more serious issue, particularly for young children and aging seniors, it is a bigger public health concern than in past years. Healthcare professionals have many options for fighting the flu this time of year, but the three big ones are immunization, immune system boosting and hand washing.
Immunization
The United States Food and Drug Administration has approved a trivalent vaccine, which prevents influenza A, influenza B and H1N1. The FDA recommends that all healthcare workers get vaccinated before flu season to avoid getting sick when the illness peaks. All other people who live with or care for people who are at high risk for getting the flu are also urged to get immunized. Children under the age of five and seniors over the age of 65 are considered the biggest -at-risk- groups among the general population.

Immune System Boosters
There are many ways to keep your immune system strong during flu season. The most common-sense piece of advice for any healthcare professional is to take care of yourself. If you fail to get enough rest, eat enough, drink enough water or spot illnesses early on and act appropriately, you run the risk of running your body ragged. It’s particularly important to eat a balanced diet before and during flu season. Antioxidants, B vitamins, vitamins A and C, folate-rich foods and other immune system boosters will work wonders for combating the flu, colds and other illnesses. And while you’re at it, a little exercise never hurt anyone. It helps keep your body strong and resilient. .

Don’t Forget to Wash your Hands
Hand washing is an absolutely essential component of avoiding influenza. As a healthcare professional, you already have to wash your hands multiple times every day at work – pretty much every time you touch something or someone – but the hand washing shouldn’t stop when your shift is over. The habit of frequent hand washing in warm, soapy water may often be taken for granted, but it should never be forgotten. It is especially important to wash your hands every time you touch your eyes, nose or mouth. Keep some antibacterial hand-wipes around just in case – you won’t be sorry.

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Fraud And Abuse A Major Reason For Waste In The Us Healthcare Spending

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Health care fraud and abuse is an important and conspicuous factor in the resource and finance drain in the US healthcare system and is responsible, to an extent, for the escalating healthcare costs.

According to a report by Thomson Reuters on US healthcare spending, the US healthcare system wastes between $505 billion and $850 billion every year, out of which the waste caused due to Fraud and abuse constitutes $200 billion, or 22% of healthcare waste every year.

The following chart shows the percentage of waste caused due to different parameters in the US healthcare spending.

Source: Healthcare analytics, Thomson Reuters

What is healthcare fraud and abuse?

Health care fraud is a criminal act in which a consumer or physician(s) deliberately misrepresents facts or information, for the purpose of undeserved or greater reimbursement. Health care abuse is a reckless disregard or conduct that goes against and is inconsistent with acceptable business and/or medical practices resulting in greater reimbursement.

How to prevent it?

Health care fraud and abuse has played such a vital role in increasing the cost of health care and has become a pertinent issue for the government as well as the general public. The question is how to prevent it?

Both Consumers and physicians have to be alert to the possibility of fraud and abuse and work to prevent it. Consumers need to get involved with their health care beyond the point of going to the doctor and taking medication. They need to be educated on their insurance plan, how much they pay, the proper names of their ailments, and they need to keep track of the services they receive and why they receive them. Simple tips that may help prevent fraud and abuse include:

“Review Explanation of Benefits to ensure accurate dates of service, name of providers, and types of services reported
“Protect insurance card and personal information at all times
“Count pills each time they pick up a prescription
“Research providers with state’s medical boards
“Report suspected fraud and abuse as soon as possible

Along with consumers, physicians too must check for any unintentional fraud and abuse happening around them. They can have training and awareness amongst their staff to prevent unintentional fraud. These joint efforts would definitely check the fraud and abuse rate in the United States and ultimately bring down the overall cost of healthcare.

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Rising E-health Services Boosting Us Healthcare It Market

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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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About RNCOS

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.