...Smart Digitalization Table of contents 1. Introduction 3 2. Modern Digital Health 6 Greek market 6 E-prescription project Care Across RESPI 6 9 9 Polish market 10 Luna 0 1 Diabdis 11 The robot for people with Alzheimer disease 11 Latvian market 12 Current E health trends 12 Current E health trends in Latvia 13 3. The Future 16 4. References 19 1. Introduction Aging of population is regarded as one of the most significant megatrends world is currently facing. According to L.A. Gavrilov and P. Heuveline: Aging of population (also known as demographic aging, and population aging) is a summary term for shifts in the age distribution (i.e., age structure) of a population toward older ages.1 An immense scientific progress allowed people to reduce the perinatal and infant mortality rates along with enabling older people (after 65 years) to live longer. Less and less people are being born each day, making workforce shrink2 . Combining those two factors alone, one can clearly find in which direction our world is heading. Historically it is possible to distinguish between several periods in the last century, taking into consideration trends within birthrate. U.S. population is a superior example, since the data is exceedingly accurate and its society is pretty complex demographically. A crucial phase for today’s world is associated with Baby Boom (1946-64). This occurrence, taking place right after WWII made enormous impact on how the current population...
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...Baptist Health, headquartered in Louisville, Kentucky is the largest not-for-profit healthcare organization in the state. The vision of this HCO is to be nationally recognized as a healthcare leader in the state of Kentucky. Baptist Health was originally founded in 1924 as a single 120 bed hospital in Louisville, Kentucky. Expansions in 1953 with the addition of Western Baptist Hospital in Paducah, Kentucky and in 1954 with the addition of Central Baptist Hospital in Lexington, Kentucky created the foundation for the HCO known today as Baptist Health (Welcome to Baptist Health hospitals and clinics in Kentucky, 2013). Baptist Health has expanded on this foundation to become the largest HCO in the state with seven owned hospitals and two managed hospitals. Along with the hospital initiative, Baptist Health has begun to employ physicians, their practices and assets. By doing so, the HCO is positioning itself for increased competition in the Louisville market and across the state. This economic trend will take Baptist Health into the future and continue its vision to be nationally recognized as a healthcare leader in the state of Kentucky. With national health care reform driving the way that healthcare is delivered to patients, Baptist Health with its acquisitions of hospitals and physician practices the HCO will be able to meet the national regulations and still deliver quality patient care. At the end of the fiscal year 2011 Baptist Health employed 230 physicians...
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...Issues 8 d. Risk of Liability and Patient Uncertainty 8 III. EHR Technology 9 a. EHR Benefits 10 b. EHR Types 11 c. EHRs Future Evolution 13 d. EHR Technology versus Handheld SMART devices 14 IV. Trends and Consequences 15 a. Aggressive Implementation 16 b. High Costs 16 c. Labor Investment 17 d. Opportunity Cost 17 e. Impact on Researchers, Policymaker and Educators 18 V. Final Opinion 19 VI. Bibliography 22 VII. Appendix I 28 VIII. Appendix II 31 I. Advantages of EHRs In an effort to reign in rising health care costs and increased health care disparity and inequality in the U.S., former president George W. Bush doubled the funding for Health Care Information Technology to 100 million in 2005 (The White House). It was part of a larger plan to utilize latest information technology to standardize patient and health records, which despite spending 1.6 trillion dollars, attributed to 98,000 medically related errors in 2004. The plan was part of his campaign promise and was reiterated in his January 20, 2004 State of the Union address when, President Bush remarked, “by computerizing health records, we can avoid dangerous medical mistakes, reduce costs, and improve care.” Considering that the federal government is “one of the largest buyers of healthcare - in Medicare, Medicaid, the Community Health Centers program, the Federal Health Benefits program, Veterans medical care, and programs in...
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...companies control 70% of the market with market leader holding nearly 7% of the market share. It is an extremely fragmented market with severe price competition and government price control. The pharmaceutical industry in India meets around 70% of the country's demand for bulk drugs, drug intermediates, pharmaceutical formulations, chemicals, tablets, capsules, orals and injectibles. There are about 250 large units and about 8000 Small Scale Units, which form the core of the pharmaceutical industry in India (including 5 Central Public Sector Units). These units produce the complete range of pharmaceutical formulations, i.e., medicines ready for consumption by patients and about 350 bulk drugs, i.e., chemicals having therapeutic value and used for production of pharmaceutical formulations. Following the de-licensing of the pharmaceutical industry, industrial licensing for most of the drugs and pharmaceutical products has been done away with. Manufacturers are free to produce any drug duly approved by the Drug Control Authority. Technologically strong and totally self-reliant, the pharmaceutical industry in India has low costs of production, low R&D costs, innovative scientific manpower, strength of national laboratories and an increasing balance of trade. The Pharmaceutical Industry, with its rich scientific talents and research capabilities, supported by Intellectual Property Protection regime is well set to take on the international market. (b) Major competitors...
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...spend their funds? In the 1960’s 49.5% of federal spending was on national defense. The shift from then until 2007 was mostly comprised of decreasing spending on national defense and an increase on spending of healthcare from 2.9% to 24.9%, also an increase of social security spending from 13.4% to 20.3%. Which is a very large increase in healthcare spending, almost a 100% increase from the year 1960 to 2007; also a very large increase in social security spending. Social security spending is the largest portion of government spending. At the state and local levels most of the spending has remained relatively the same. The only exception is healthcare spending, which has more than doubled from 1960 to 2007. Health spending at state and local levels went from 8.2% to 20.7%. The increases in social security and healthcare costs could be attributed to the aging baby boomer population (approximated at 75 million people). This large portion of the US population has had increasing social security needs and increasing healthcare needs. The decrease in national defense could be attributed to several different things including globalization, diminishing international trade laws, the break up of the Soviet Union and a more efficient/ technologically advanced military. These all may have attributed to the decrease in national defense. There are many more factors that could also attribute to the decrease in national defense spending. 2. Why does redistribution...
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...Marketing Strategy for Today's Healthcare Brock Ewings HCS/539 January 24, 2012 Debra Schrager Marketing Strategy for Today's Healthcare The healthcare industry has grown to become a headline frontrunner in America. With intense political attention and worsening economy, competition in healthcare has grown to an ultimate high. Healthcare providing organizations, large and small, are stepping up marketing campaigns immensely to gain public recognition and utilization of services. Competition in marketing is no longer for car dealerships that draw consumers in for a test drive, but healthcare organizations such as hospitals, clinics, and specialty centers are starving for attention and preying on the ailing Americans. America’s health and wellness is declining and it is clear to see with child obesity and an aging population causing media stir daily. The need for hospital care has never been greater. So how are organizations competing for their own slice of the illness pie? Through increased marketing strategies inclusive to radio, television, billboards, and the World Wide Web, organizations are luring the public in to fill their beds. There are many questions to be answered on the subject. What are current marketing techniques? Are these techniques affecting consumer trends? Finally, how is this affecting the healthcare worker? Current Marketing Techniques There is only one word used by healthcare organizations to describe the care they provide, their facility...
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...Creditworthiness and Organization’s Financial Performance The present economical position of our country vastly influences the healthcare industry. Ever since the beginning of the 2000s, the need for change has been compounded by the devastated market crash that impacted the financial market with millions and trillions in losses due to executive mismanagement (Wareham, 2001). The future of the financial healthcare industry depends upon leadership performance and implementation. Erroneous decisions from leadership lead to devastating results in the financial aspect of the healthcare organization, which can prompt the leadership to solicit credit to resolve internal or external obligations. As a result, Campello Graham & Harvey (2010) found that during the financial crisis, 86% of constrained United States firms said that they bypassed attractive investments due to difficulties in raising external finance. In contrast, only 44% of unconstrained firms avoided such investments. Creditworthiness The organization develops creditworthiness based on debts paid and minimum credit established with the lenders. Organizations take advantage of the credit’s contribution to financial stability. The creditworthiness aspect of the organization provides a wealth of additional benefits. The borrower has the opportunity to receive a credit rating by the credit agency, and the credit rating flows across the organization’s performance throughout the life of the business, reflecting the internal...
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...Running head: Assignment #4 Healthcare dynamics in America Brian Knight Strayer University HSA 500 Professor Driscoll 29 November 2011 Identify and describe three reasons there may be a physician shortage rather than a surplus in the United States. The amount of medical schools has been steady and graduates have been limited by admission capacity The Secretary of the Department of Health, Education, and Welfare (HHS) through a continuously approved legislation ask that “the Health Professions Education Partnerships Act of 1998 which gave the authority for the Graduate Medical Education National Advisory Committee to study the personnel issues in medicine.” (Cooper, 2003) In a report by the” Graduate Medical Education National Advisory Committee (GMENAC) who predicted a doctor surplus in its 1979 report, and allopathic medical education has maintained an even level in its enrollment.” (Health and Human Services, 2011) The earlier statistical analysis of factors that were considered did not include the new technologies and the amount of medical specialist’s increase which has made changes to how the medical profession operates. The factors also did include the trend to have more salaried positions such as in the HMO market and the fact that more women are enrolling to practice medicine and enrolling in medical schools. These factors along with unanticipated population growth add to the shortage of medical practitioners in overall calculations that include rural...
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...international markets were expected to grow much faster than USA. This fact may seem unusual as the USA market of this kind of products is the largest all over the world. Another reason of the success of this firm was the transition of the European market for medical devices. These changes where produced because of the entrance of Tyco Healthcare, a global healthcare products company. This company sought favorable contracts with few distributors. The willingness to take GENICON's products increases and this fact helps the company success. Finally, another reason of success could be the strategy of the company, very focused of carrying out deep studies to choose the right countries. Factors as taxes, tariffs, regulations, exchange rates, etc. were taken into account. 2.Apply Country Portfolio Analysis (see Distance Still Matters) to the markets GENICON is considering entering. You may use the combination of industry statistics and country indicators (such as GDP per capita). Which country makes the most sense from this perspective? In order to study these countries we will focus on the GPD, GPD growth, GPD per capita, population and land. In the picture below we can see that China has the best numbers regarding GDP and its growth. Nevertheless, due to this large population the GDP per capita, data that reflects the wealth of the families, is low. Anyway, as the healthcare system is not paid by the families but the government, there are opportunities in this market and it seems they...
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...Biometrics Technology in Healthcare sector Miss Chawisa Srisinthara Mr. Sangsan Poonyapotapirata Miss Chadaporn Champangoen Miss Tanwarat Trangpanich Mr. Ekapol Koosuwan NIDA Business School National Institute of Development Administration 118 Seri Thai Road, Bangkapi, Bangkok 10240, Thailand Email : Caocao_akatsuki@hotmail.com Tel. +66890710010 Biometrics Technology in Healthcare sector ABSTRACT Nowadays, Biometrics has become an important system in a process for all industries due to this technology can help the companies to manage the data such as gathering, integration, and summary. The companies can also apply this system in every working process steps. Besides, the data can be transferred from paper-based data into computer-based data which is convenience, safety, and accuracy. Moreover, The Biometrics system provides excellence operation and improves productivity. Especially, the biometrics system should be executed in healthcare industry because the patient information is classified and considerable for healthcare providers. 1. Introduction The “Biometrics” is the combination of “Bio” which means a creature and “Metrics” which means a characteristic that can be measured and estimated an amount. So, Biometrics is the biological technology that integrates between biological, medical, and computer technology. It use for measure physiological characteristics and behaviors that is the individual character of each person for identification...
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...Accountable Care Organizations: Key to Transforming Healthcare? The Talia Goldsmith, MHA Candidate 2011 Suffolk University Sawyer Business School HLTH 890AE: Healthcare Strategic Management Professor Richard H. Gregg, M.A., M.B.A. April 28, 2011 Table of Contents Objective .....................................................................................................................................3 Introduction ..............................................................................................................................3 Overview of ACOs as a Mandate and an Opportunity for Healthcare Organizations............................................................................................................................4 Examples of Missions, Visions, Values and Goals for ACOs........................................6 Mission ................................................................................................................................................. 6 Vision ....................
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...Medicare is a national government-sponsored health insurance program in the United States of America. On July 30, 1965, President Lyndon B. Johnson signed Medicare into law in Independence, Missouri. Medicare offers health insurance for Americans aged 65 and older. It also provides health insurance to younger people with disabilities, end-stage renal disease, and ALS. Medicare is the primary insurer for 54 million Americans. Medicare is a single-payer health care program, covering all eligible beneficiaries under a single, publicly financed insurance plan. Government spending on Medicare in 2013 was $583 billion, or 14 percent of the federal budget (Centers for Medicare and Medicaid Services, 2014). Hospitals, healthcare providers, and suppliers participating in the Medicare program must meet minimum health and safety standards. The standards are defined in the Code of Federal Regulations, Title 42. The Centers for Medicare & Medicaid Services (CMS) defines Conditions of Participation (CoPs) and Conditions for Coverage (CfCs) that set the standards that health care organizations must meet to begin, and continue participating in Medicare. CMS currently has approved seven accrediting organizations that can accredit a heath care organization as having “deemed status”. The national accrediting organization surveys a health care organization and certifies that they satisfy the health and safety standards component of the Medicare certification (Centers for Medicare & Medicaid Services...
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...The NHS: One American’s Perspective Lynn Whitt MHA 776 Dr. Leist December 18, 2013 The National Health Service (NHS) of Great Britain was established in 1948 to create a national health system that would serve all citizens regardless of ability to pay. There were three main objectives established that were critical to the success of the program: (1) equal access to care, (2) provision of preventative and curative care, and (3) services provided at no cost to the patients (Perlman & Fried, 2012). Today, the NHS is still alive and well and is meeting the expectations of the original objectives set forth at its inception. Currently, the NHS is credited as being the single largest publically funded health care system in the world. In 2010, the Commonwealth Fund declared that “in comparison with the healthcare systems of six other countries (Australia, Canada, Germany, Netherlands, New Zealand and USA) the NHS was the second most impressive overall. The NHS was rated as the best system in terms of efficiency, effective care and cost-related problems. It was also ranked second for patient equality and safety” (Perlman & Fried, 2012). This paper will address the author’s impression of the NHS based on research and information collected and reviewed as well as discusses the perceived strengths and weaknesses of the program. As stated previously, the NHS is the world’s largest publically funded health care system. It employs approximately 1.7 million people...
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...Emerging Trends in Healthcare A Journey from Bench to Bedside 17 February 2011 © 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Acknowledgement India’s competitive advantage lies in the lower production and research cost, its large pool of low cost technical and scientifically trained personnel, and large number of compliance certified manufacturers and service providers, which make us different from others. ASSOCHAM feels that technology incubation is no longer confined to a few institutions; it is a responsibility that we have to share, if we wish to see a better and a healthy future ahead. There is an immense need to develop skilled manpower in the area of healthcare and modern as well as traditional medicines. I am glad that this Summit on Emerging trends in Healthcare will bring forth the journey from research desk to the bedside of patient, as we will look at healthcare at the frontline to identify some common challenges that may help explain the complex nature of healthcare and the scale of the “change” challenge. I wish to thank KPMG for unanimously contributing towards this Knowledge Paper, which gives a rich and comprehensive insight of the trend in healthcare. I would also take the opportunity to thank QCI for supporting this event. The case studies contributed providing the best of...
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...in Healthcare Outsourcing in the health care industry continues to grow in an effort to cut the raising cost, to increase efficiency and quality of care by hospitals nationwide. As annual healthcare spending in United States hit $3.8 trillion (Munro, 2014), and aging population in America is increasing with the retirement of baby boomers and higher demands for patient care, the cost of healthcare will continue to grow. In response to increasing cost, many hospitals will employ outsourcing to save money and combat rising costs. This paper will examine outsourcing trends in healthcare. Prevalence and Trends Outsourcing is not a new trend in healthcare. In the past, medical centers successfully outsourced support services, such as construction, IT, translation, laundry services, housekeeping and food services. Today, in an attempt to reduce rising cost of healthcare services, hospitals increasingly turning to outside contractors for patient care and clinical services, such as medical staffing, radiology services, laboratory services and clinical specialties. The clinical specialties most frequently outsourced are anesthesia, emergency department, dialysis services, diagnostic imaging and hospitalist services (Waller, 2012). For information technology, 97% of respondents report outsourcing one or more of these services, such as EMRs, patient satisfaction surveys, help desk, CPU and peripheral maintenance and local IT support (Waller, 2012). According to Modern Healthcare survey...
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