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50 Surprising Statistics Every Healthcare Stakeholder Must Know

The US is spending more than double the amount of the average healthcare expense of 33 OECD countries around the globe. Around $3.4 trillion was spent on healthcare in 2017. Yet we cannot claim the spendings are sufficient, as there are still millions of people who are living without insurance coverage and proper health care. The US healthcare industry is dynamic and changing at a rapid pace. To thrive and grow, every healthcare stakeholder should be able to set the direction of the healthcare system as per their needs. Understanding and analyzing healthcare statistics becomes imperative. OSP thrives on helping healthcare stakeholders with smart healthcare statistics and insights. Here are 50 Insane Statistics Every Healthcare Stakeholder Must Know: The average spending to process 30 billion healthcare transactions stands at $250 billion each year due to poor communication technology. 2.     There is over 50% referral leakage in an average healthcare syst...

How to Advance Towards Achieving 100% Interoperability in Healthcare?

Interoperability can be dubbed as a data superhighway, but the majority of healthcare stakeholders are still stuck in a parking lot. Integrating and utilizing EHRs together are the first baby steps.  Healthcare Interoperability  will be an ongoing challenge for healthcare stakeholders due to the industry’s unique information exchange requirements and stringent compliance mandates. If we aim to overcome these hurdles, then achieving 100% EHR interoperability is the final summit where we are yet to reach. Data Belongs to the Patients “The idea that patient data belongs to providers or vendors is an epic misunderstanding. Patient data belongs to patients”  – Seema Verma, Administrator CMS CMS released proposed rules that require many types of insurers to provide electronic health data in a standard format by 2020. These rules require healthcare providers and health plans to implement open data-sharing systems to ensure data can easily flow from one syste...

Hospital Management Systems take on improving Healthcare Quality

The healthcare industry seeks innovative ways to aid their cause and hospitals are an integral part of this very cause. Modern hospitals, being so huge, look for methods and ways that can help them manage all the services they provide in a centralized manner, they seek for a Hospital Management System A HMS can be anything from a software to a web-based service, all aimed on providing a seamless integration of all the information to help manage hospital areas such as the medical, the financial and the administrative departments. These hospital systems are built from softwares called as Hospital Management Software .  The below process image shows the flow of a Hospital Management System Software: The given process image depicts careful flow of patient data and it’s storage in a Hospital Management Software System. The Hospital Management System Developmen t generally approaches it’s projects with the use of the Waterfall Model that is regarded as a popular mo...

7 Healthcare Industries Ready To Be Disrupted By AI in 2022

It’s not science fiction anymore! Artificial intelligence is transforming healthcare beyond our imagination. The power of AI is echoing across healthcare subindustries, and it is truly life-changing.  In this eBook, I have discussed each industry in detail. Their current challenges, an overview of AI-based solution workflow process, the modules, compelling use cases, and finally, the benefits will be discussed.  AI is bringing a paradigm shift in the healthcare industry, with its ability to mimic human cognitive functions. It is the catalyst to self-running growth by leveraging advanced technologies that enable machines to sense, understand, act, and learn to perform diverse administrative and clinical healthcare functions to augment human activity.  Which Healthcare Sub-industries are Looking Forward to Transformation? From early detection to improved medical diagnosis, AI is positively contributing to the welfare of humanity.  AI and ML ...

How AI Can Help To Change Traditional Medical Diagnosis Systems

Artificial Intelligence is in demand as per the recent investigation the state of AI has created an enormous stride over the past decade and many firms targeted it on its measuring system. It’s been attention-grabbing to understand however AI has re-risen up after a long stretch of neglecting to fulfill needs. Power-assisted by the energy of cloud computing and massive knowledge, AI is creating associate degree insurrection faster than we'd ever envision. we tend to see it where these days from Google Photos to Amazon’s Alexa to the self-driving capability of a Tesla. AI is also now stretching its way of getting implemented towards the medical industry. Artificial intelligence (AI) is finding various applications across the various spectrums of tending and is geared up to remodel the manner we have a tendency to diagnose and treat sickness. Now just let us see that what is AI What is AI? Artificial intelligence means that it uses the specific sets algorithms to coach comp...