Market Trends in Healthcare Practice Management System
healthcaretechoutlook

Market Trends in Healthcare Practice Management System

Healthcare Tech Outlook | Sunday, January 23, 2022

A robust practice management solution can expedite repetitive processes, decrease labor costs and mistake rates, improve patient satisfaction, and avoid staff fatigue.

FREMONT CA: The requirement to improve present processes' efficiency and save time and resources continues to exist. As a result, the market for practice management software is expected to increase at an 8.3 percent compound annual growth rate over the next three years. Additionally, it is continually changing. For example, the years 2020 and 2021 have seen the emergence of tendencies—while these trends are not new, the pandemic has significantly expedited their rise. Let’s examine some of them more closely.

Telemedicine: During the epidemic, virtual care grew at a breakneck pace. According to McKinsey, the number of patients utilizing telehealth will increase from 11 percent to 46 percent by 2020.

Virtual visits have demonstrated a slew of benefits, including less risk of infection, the capacity to handle more appointments, and the delivery of care to patients who cannot travel to their healthcare provider for whatever reason. Simultaneously, more than half of all telemedicine patients in the United States of America are satisfied with the treatments they received.

These satisfaction ratings indicate that the emergence of telemedicine is not a passing trend. This trend is becoming the new norm, and it is likely to persist post-pandemic. That is why, if the healthcare sector is developing a medical practice management (PM) system, ensure that it has telemedicine functionality or is easily integrated with an existing virtual care solution.

The necessary for automation: Physicians deploy PM solutions to automate repetitive tasks and free up time for what matters most—patient care. By 2020, this requirement for automation had become critical.

Automated appointment reminders are one way that technology can help ease the load placed on an institution by COVID-19. It is customary for hospitals to call patients to remind them of upcoming appointments. This approach is inefficient and time-intensive because 87 percent of people reject calls from unknown numbers. An automatic SMS alert system enables the healthcare sector to simultaneously communicate with hundreds of patients. This will save hours while substantially increasing productivity.

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