Digitization, integration of IT, and the Internet have changed the face and leveraged the potential of many industries. By automating several processes; by making data storage, management, and transfer highly reliable and easy; by connecting distant corners of the world; by providing ways of connecting with a larger population, these three entities have made breakthrough progress across many verticals. By redefining the rules of user experience with the availability of information anytime and anywhere, mobility – one of the most crucial outcomes of digitization – is now considered more of a necessity for future-ready, global businesses.
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Healthcare Mobility: A Primer
Healthcare mobility solutions are a class of software and hardware products that enable the modification of conventional healthcare processes to information- and knowledge-driven processes. As the healthcare industry increasingly recognizes the benefits of healthcare mobility i.e., the conformance of crucial healthcare services and storage and management of healthcare data through mobile-based applications, numerous IT companies are offering a wide range of mobile healthcare solutions. The rising use of mobile devices such as smartphones, tablets, etc., and the rapid integration of a variety of mobility solutions in the healthcare industry have laid a solid foundation for the global healthcare mobility solutions market.
Mobility solutions are rapidly leading to much improved patient care through reduced response time and enhanced workflow efficiency. A reduction in the erroneous recording of healthcare data, paperwork, and overall costs and risks is also achieved through the implementation of mobility solutions in the field of healthcare. The market for healthcare solutions has continued to rise at an excellent pace over the past few years. For healthcare providers, healthcare mobility solutions help make data collection and management easier as compared to manual data records, increase patient throughput, and enable more effective decision-making with real-time access to critical patient data.
A market research report recently published by Transparency Market Research states that the global healthcare mobility solutions market, which stood at a valuation of US$20.13 bn in 2014, will expand at an exceptional 25.5% CAGR between 2015 and 2023, and reach US$148.66 bn by 2023.
Serving all Major Stakeholders of Healthcare Better
Mobility in healthcare is constantly improving communication, connectivity, and collaboration between the three key stakeholders of the healthcare industry – patients, providers of healthcare facilities and services, and payers.
For patients, healthcare mobility solutions offer applications enabling the easy and anytime connectivity between patients and healthcare professional/service providers, thus improving the quality of life and care coordination.
For healthcare providers, healthcare mobility solutions offer ways to organize and manage healthcare data and streamline healthcare processes much more efficiently than conventional manual processes.
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Payers in the healthcare industry, referring to the insurance companies or any third party that is responsible for paying healthcare costs of the patient, or the patient itself, benefit from the transparency in finances enabled by healthcare mobility solutions. Many healthcare mobility solutions also include features enabling effective customer enrolment, billing and collection, claims management, validation of benefits, etc.
Thus, by serving all stakeholders of healthcare in a better manner, healthcare mobility solutions will constitute a dynamic, billion-dollar market in the coming years.