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How low code is reducing costs and empowering innovation in healthcare

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Healthcare providers must deliver modern, digital services, but many are held back outdated legacy systems. Here’s how low code can help close the gap.

Electronic health records (EHR) and the exchange of digital information underpin the delivery and management of any modern health service. Yet despite recent advancements, especially in the wake of the coronavirus pandemic, many of today’s EHR systems are outdated, existing on legacy architecture that results in delays in – or even a lack of – the exchange of essential health information between services.

Addressing these issues has long proven extremely challenging and expensive, with projects frequently going over budget and taking much longer than anticipated. For example, in 2013, the UK’s National Health Service (NHS) abandoned patient record system was described as the biggest IT failure ever seen, ultimately wasting approximately £10 billion. The cause of the debacle was put down to the government’s inability to successfully manage large IT contracts.

Cases such as these are why the healthcare sector has been relatively slow to innovate over the past decade. However, a lack of innovation is not the answer to mitigating risk and enabling better patient outcomes. If EHR and other vital healthcare systems aren’t kept up to date, they will be unable to keep up with demands and expectations that set the standards for a modern healthcare service. After all, in healthcare, time isn’t just money – it can also be the difference between sickness and health.

While there are many potential barriers to innovation in healthcare, arguably one of the biggest is the shortage of specialized IT skills, which has also led to a significant increase in the costs of IT projects. This results in delays and inadequate technical solutions that fail to meet their goals.

Low code solutions aim to address the technical barriers by making development much more accessible, more affordable, and much faster. By reducing the engineering effort required, the low-code approach provides an easily scalable architecture that can integrate with numerous data sources, thus facilitating seamless transactions of EHRs and other healthcare data. An open-source solution goes even further by allowing healthcare organizations to preserve total control over how they govern and protect sensitive data like patient health information (PHI).

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In What Ways Is Telemedicine Changing The Business Of Healthcare?

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Telemedicine is defined as providing and distributing healthcare services, resources, and information through telecommunication. Telemedicine has many benefits for healthcare provision firms, such as reduced financial expenditure, improved access to healthcare resources, more convenience, and better patient experiences. Studies show that 78% of respondents that received telehealth services were satisfied with their experience.

Therefore, as the complexity and access to digital technology continue to evolve exponentially, telemedicine is increasingly changing the business of healthcare.

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How Can You Improve Patient Satisfaction?

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One of the most crucial aspects of the healthcare provision process is improving patient satisfaction. Improving patient satisfaction has many benefits that healthcare institutions and organizations should take advantage of, such as increased patient retention rates, efficient healthcare provision processes, better clinical health outcomes, and much more.

Recent studies have shown that the loss of a patient due to dissatisfaction can cost a healthcare firm or organization up to $200,000 in lost revenue. Therefore, healthcare firms need to find innovative and productive methods to improve patient satisfaction. Read more

Could Workflows Make Hospitals More Efficient?

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Hospitals are one of the most critical foundations and frameworks for a healthy and safe society. However, as the amount of data that hospitals are expected to track continues to increase exponentially, manually keeping track of organizational data is becoming more challenging than ever.

Due to the high-risk situations hospitals are usually placed in, human or administrative errors due to manual data collection and analysis can be potentially life-threatening. Therefore, many hospitals are beginning to take advantage of the power of workflow automation.

A workflow is defined as how business processes are conducted using organizational resources. Workflow automation can have many benefits for hospitals, such as increased efficiency and consequent productivity. Studies show that 97% of IT decision-makers stated that business process automation is crucial for digital organizational transformation.  Read more

What Are Healthcare Consulting Services And Solutions?

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Healthcare consulting is defined as the utilization of advisory and consulting individuals or organizational bodies to navigate day-to-day issues and concerns during the healthcare provision process, such as increasing patient load and administrative organizational documentation.

According to McKinsey, technology-driven healthcare innovation has the power to improve patient understanding and enable the delivery of accurate and efficient healthcare provision to create an annual value of up to $410 billion by the year 2025.

However, healthcare consulting services and solutions can help healthcare institutions develop and implement digital healthcare systems, optimize and automate various business processes, improve digital healthcare provision and patient experiences in the long run. Read more

What Could Make The Healthcare System More Efficient?

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Digital technology continues to evolve and the amount of case-related patient data that healthcare institutions are expected to collect, track and analyze increases exponentially. This has created the need for health care systems to become more efficient to manage the growing demands of the patients.

However, manually keeping track of patient data can prove to be extremely time-consuming and tedious. It can even lead to potentially life-threatening errors. Therefore, healthcare institutions can leverage the power of low-code technology to make healthcare provision and patient management more efficient and productive in the long run.

Furthermore, low-code solutions can help modern healthcare institutions develop and deploy powerful enterprise applications. Recent studies have shown that low-code application development platforms have the potential to reduce development time by up to 90%.

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In What Ways Is Low-Code Changing The Business Of Healthcare

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Low-code is defined as a graphic approach to application development that focuses on visual editing and automation. It helps citizen developers with little to no traditional coding experience create robust, flexible, and secure enterprise applications without the interference of a skilled software developer.

As low-code technology continues to evolve, low-code solutions are being integrated into business processes across various industries, including healthcare.

According to Gartner, approximately 79% of businesses build a web application using citizen development initiatives within one year. The integration of low-code technology in healthcare businesses can have many benefits, such as higher efficiency and increased organizational profitability.

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What Could Make The Healthcare System Cheaper?

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With the overall world population’s increase and the emergence of worldwide pandemics, the pressure on the healthcare industry, in general, has risen significantly. Studies show that global healthcare spending could reach over $10 trillion by the year 2022. 

However, with the added pressure on the healthcare system, administrative costs have also increased exponentially. It can result in poor infrastructure and decreased quality of medical healthcare provision. Therefore, there are many methods that modern healthcare institutions can leverage to reduce the costs of healthcare systems.  Read more

Why Are Hospital Systems Getting Bigger?

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Hospitals have to ensure that they operate in an efficient and organized manner. However, keeping track of medical, legal, financial, and administrative data on a daily basis manually can prove to be tedious and can lead to disastrous and possibly life-threatening errors. Therefore, many hospitals utilize hospital management systems to automate and streamline several key organizational processes.

A hospital management software system is defined as a digital system that helps hospitals track, coordinate and manage healthcare providers and medical resources. Hospital management systems are also responsible for monitoring a hospital’s administrative data, such as medical and human resources allocation, compliance-related documentation, and financial planning.

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Which Country Has the Most Smart Cities?

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In our current global evolution and expansion of digital technology and infrastructure, smart cities have become more and more prevalent in modern automation and digitalization.

A smart city is defined as a geographical area that utilizes digital technology such as electronic sensors and data collection methods to improve overall city operations. This includes the collection of data to manage assets and resources, providing certain services, and solving general city problems.

The recent demand and concern regarding health, government urbanization, and economic growth have further emphasized the need for smart cities. As remote work from home organizations and contactless payment terminals, the need for secured connections became essential.

The global smart cities market valuation is expected to reach USD 820.7 billion by 2025, with a compound annual growth rate of 14.8%. Although there are hundreds of smart cities worldwide, the majority of cities are not considered to be smart.

Smart cities are an extremely important aspect of ensuring substantial public connectivity, optimum usage of financial resources, fair distribution of benefits, and adapting to growing public demands.

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