Among the COVID-19 guidance provided by the Centers for Disease Control and Prevention (CDC) for business is to prepare for “social distancing” to minimize exposure. While not every job is eligible for telecommuting, many are, and this strategy can be an effective way for businesses to offer flexibility to their employees while allowing important work to continue.
Arm Your Frontline with Tools to Monitor, Diagnose, Manage, Treat, and Prevent the Spread of COVID-19
COVID-19 is a national health care crisis that requires efforts by every part of the U.S. healthcare sector to combat. Researchers, clinicians, policy makers, and others are asking the right questions to try and formulate the best strategy to mitigate the impacts of the crisis. They want to help the public by determining where and how should we strengthen containment measures as well as where and when can we re-open economically vital businesses. After two decades of massive investment by the public and private sectors in healthcare information technology, however, they remain hamstrung by a lack of meaningful interoperability and access to data.
Whether it is next week, next month, or next year, affairs in the US will open back up and return to a state of relative calm. But most agree that business as we know it will change significantly. Very few entities, be they small businesses or publicly traded international conglomerates, can weather repeated impacts of something like the COVID epidemic. And healthcare businesses in the United States have already been doubly affected, as they face the same financial and operational stresses that all businesses do, while simultaneously bearing the burden of day-to-day combat and execution just to get everyone through to the other side of the storm. Nobody wants to see and experience another mass-impact event such as this, but there will be more, and whether the next one is another health pandemic, a financial crash, or international conflict, there are things every smart organization will be doing to pivot their business to improve and prepare. Some of the changes will be seen relatively quickly, while others will still take some time, but one thing is almost certain, COVID-19 has become a tipping point from which there will be no simple return to “business as usual”.
Proactively communicating with patients and the extended health community is now an absolutely essential part of business for healthcare organizations of all sizes. Surveys have indicated that 3 out of 4 consumers today will consider switching providers based on a single negative experience. In the midst of COVID-19 uncertainty, changing regulations, protocols, and financial circumstances, people need to know what to expect now more than ever before. What follows is a list of what should be considered essential business for health entities seeking to service, retain, and improve relations with patients in a greater capacity.
It is no secret to health clinics and medical groups that Telehealth has been a financial lifeline in 2020. And while much of that has stemmed from relaxed regulation and reimbursement expectations for COVID-19, it is also presenting a compelling argument for long-term financial strategy and sustainability. Having already garnered favor and use, Telemedicine in the United States is rocketing toward a $20B valuation this year, with steady growth expected for years to come as well.
Today is an important day as I proudly announce the launch of Healthcare Triangle, Inc. Healthcare Triangle or HCTI will create an unshakable system that empowers providers, payers, and the life sciences industry to deliver the best outcomes through breakthrough technology and healthcare know-how.
It’s no secret the financial wellbeing of healthcare entities has plummeted with decreased patient service revenue amidst COVID-19.
Focus on Managing Care in Era of COVID-19
The MEDITECH Nursing Forum consisted of three days of virtual sessions rather than an in-person forum due to the COVID-19 pandemic. It was announced that at one time there were 799 people watching a virtual session, which is much higher than previous years with in-person forums. Just as the in-person session, each day consisted of a keynote speaker, discussion panels, education demonstrations and great information about new and upcoming MEDITECH innovations.
Supply chain improvement in the healthcare setting since the turn of the century has proven to be a major opportunity for organizations looking to reduce cost and improve efficiency. Through clinically integrated network arrangements, vendor consolidation, and other contracted partnerships, significant economy of scale, financial, and logistical benefits have been realized.
