5 Ways Technology  helps to reduce  Clinic/Hospital Cost


Healthcare organization

5 Ways Technology helps to reduce Clinic/Hospital Cost

Healthcare Providers are continuing to search for ways of cutting healthcare costs without sacrificing the quality of care. Rapidly emerging technological solutions will provide key positive improved hospital operational efficiency by saving practitioners time, reducing errors & improving communication with patients.

So, how can technology help to reduce healthcare costs?

Here are 5 key Cost-saving applications:

1. Error reduction and Improve Quality & Consistency

  • All Physicians well know medical errors create a serious public health problem that poses a substantial threat to patient safety.
  • Mostly error occurs due to cost control measures, are individuals accountable, miscommunication, or are increased workload and staff fatigue will impact on clinic/hospital reputation.
  • Technological tools are not subject to human error or fatigue, so they can help provide a consistent basis of care activities.
  • A study found that greater automation in the areas of medical records, appointments scheduling, order entry, and decision support appeared to result in a reduction in medical error, complications, and cost.
  • The error can be prevented by implementing the right technology in the healthcare system which constantly focuses on continuous quality improvement and avoiding repetition of the same error.

2. Reach more patients with better communication

  • To build a strong doctor-patient relationship, effective communication play a major role, which is the art and heart of the medicine. This helps to deliver high-quality health care to the patient.

    There are many Communication tools are available like telephone, e-mail, SMS, the Internet, to share electronic health records (EHRs), personal health records (PHRs), or social media which helps to better communicate between doctor and patient which can improve access to care, enhance patient education, facilitate screening programs, and increase adherence to treatment plans, especially when integrated within the context of an effective doctor-patient relationship.

    A technology open way for practitioners to Digitally Educates Patients, Make more Efficient Treatment & Follow Up, Personalize attention, Auto reminders to each patient for Running Treatment, and Reduces the Expenses of the Print Articles to more reach new patients.

3. Lower staffing costs by using software

  • The research found that staff salary costs more than half of the clinic/hospital operating cost and up to 90% is variable costs.
  • Technology suggests how much staff require to operate smoothly which has a direct impact on both cost and patient outcome.
  • Technology fills the communication gap in staff and physician by the help of real-time communication and also keep up to date from all clinic or hospital activities and operations.
  • As per the study, with the help of online software, you can reduce staff costing up to 40%.

4. Automate administrative tasks to save Doctor time

  • By managing repetitive tasks digitally you can significantly cut down on the number of hours physicians need to treat patients.
  • Research shows that doctors spend up to one third (33%) of their time treating patients & the majority of their time is spent on various administrative tasks.
  • Technology can remove paperwork & repeatedly administrative tasks which help to save doctor time and increase clinical efficiency.

5. Insight Healthcare Data to help Cost Improvements

  • Good Data alone gives you the insight you need to move forward to reduce waste and the associated healthcare costs.
  • Healthcare data includes clinical, financial & patient satisfaction data provides the framework for the team & give an answer to questions like:
    How to reduce costs?
    How to save time?
    How to better patient care?
    How to get a better patient experience?
  • Technology helps to accurately collect and analyze your practice data within snap time and this makes clear future outcomes where you are and how it will overcome.

To continuous growth and improvement in healthcare system technology play a vital role with meaningful solutions to reach more patients with better communication, reducing operational errors, saving doctor time for batter patient care, maximum output by existing staff and meaningful data insights help reducing cost and increase operational efficiency.

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