The healthcare industry is incredible. Healthcare professionals are working hard to ensure better health for everyone in the future. There are so many amazing innovations, and terrible inefficiencies that are taking place today. What’s going on in the United State’s healthcare system? Why are health insurance costs higher than ever? Where is there room for change and improvement? We can all afford to take some time and learn about it.
Top 3 innovations in the medical industry:
- Patient Information Exchange Between Healthcare Systems
Patient information exchange solutions for healthcare professionals to securely exchange information across care platforms is one technological development that will change the way the healthcare industry is ran indefinitely. Health information exchange has become an increasingly important part of the overall healthcare landscape, and will only grow more crucial for all providers in the near future.
Hospitals are losing $75 million+ per year trying to monitor patient information, and by including patient information exchange programs into their budget, patients will receive better care and their staff’s time will be saved.
The United States generally declares someone legally blind when their vision has degraded to 20/200 or if the person has lost peripheral vision. According to: Referral MD it’s estimated that 1.1 million people in the United States are considered legally blind.
Companies like Nano-Retina take this statistic seriously and are working hard on some pretty amazing innovations. They have created a two part set-up that includes a mini implantable chip and a set of eyeglasses worn by the patient. The Nano retina device “replaces the functionality of damaged photoreceptor cells and creates the electrical stimulation required to activate the remaining healthy retinal cells.”
- Advances in Prosthetics
No matter how much you hate it, war is a part of our country. With war comes significant injuries like the loss of limbs. DARPA (Defense Advance Research Project Agency) is looking to connect with wounded service members with amputations in order to enable them to neurally control state of the art prosthetic limbs. Program developments may end up impacting patients with medical amputations, spinal cord injuries, and neurological diseases.
Here’s an article that talks more about exciting innovations that have taken place in 2016.
Inefficiencies in the medical industry:
- Artificial Prices
According to Journal Sentinel “U.S. hospital prices are high and artificial. Health care systems set prices for procedures based on complex and usually secret processes. The so-called chargemaster price is not reflective of costs, reimbursements or what the procedure would cost in a real marketplace.” The market is inflated and needs to slow down. At this rate, patients will have a hard time paying to get a cold checked out, let alone a serious illness.
- Understaffed hospitals
After the affordable Care Act was put into action hospitals gained roughly 30 million new patients. This meant that hospitals became increasingly understaffed as people took advantage of the new benefits available to them. Staffing takes time, which causes the unfortunate outcome that hospital staffs are being overworked and underpaid. Not to mention the fact that the quality of the care patients are receiving has decreased.
- Inadequate communication methods
According to HealthcareDive the Ponemon Institute did a survey and found that the most common reasons for communication challenges within hospitals were the inefficiencies of pagers, the inability to use text messaging, and the lack of wifi availability. Survey respondents all agreed that if they were able to use secure text messaging it would increase productivity, and minimize economic loss by 50%.
How can we change some of these inefficiencies?
AvaMed is a tool used by medical professionals to file as an individual business, and cut out the “middle man,” medical staffing agencies. The idea is that with the use of AvaMed not only is a user getting better pay rates, but they are lowering inflation within the healthcare industry, and speeding up the hiring process for healthcare organizations. AvaMed is pushing for a win win market.