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The staggeringly exponential cost of inefficiencies in healthcare

The staggeringly exponential cost of inefficiencies in healthcare

In today’s fast-paced and data-driven world, businesses are constantly seeking innovative ways to gain a It is indeed a significant worry that most hospital managers are thinking loud and clear about. It is the next phase of their involvement getting their healthcare units beyond just IT systems to fully embrace “Connected Hospital”.

·        Poor patient experience

·        Increasing complex administration

·        Absence of reliable supply chain

·        Inefficiencies in emergency care

·        Patient flow management

·        High value asset management (bed, equipment etc)

·        Care givers shortages and burnout

·        Fragmented care co-ordination

Inefficient management of patient admissions, discharges, and transfers can lead to longer hospital stays for patients, increased wait times, and underutilization of hospital beds and resources. This not only increases operational costs but can also lead to lost revenue opportunities.

On the other hand, patient experience has taken a new dimension of not just booking but seamlessly booking, payment, get to the consultation room in right time, post stay billing and checkout. In the age of Uber and precise location, we still have location issues indoor to find the radiology or consultation room in time.

Hospitals often require a large staff to manage administrative complexities, leading to higher operational costs and it’s just not the staff but also the supply chain issues with medical devices, beds and mobile equipment overstocking or underutilization topped by increased costs can cause losses and poor patient experience.

Frankly the impact is highly substantial leading to cumulative issues ultimately resulting in high cost of patient care and bad patient experience, both being detrimental to hospital management.