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Showing posts with the label Healthcare Mangement

Healthcare- “Dosed” With Artificial Intelligence

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  A s you are aware, the 21st   century is an era of technology.  Various sectors of business/economy are evolving at a rapid pace. It’s imperative that new trends need to be incorporated from time to time. One such innovative technology is ‘Artificial Intelligence’ (AI). We are not looking at the IT sector alone, but different sectors of business and economy are also using or trying to use AI.  McKinsey   had inferred that between now and 2030, AI will create an estimated  $15.7 trillion of GDP globally ,  more than the current output of China and India combined.  Business insider intelligence reported  that spending on  AI in medicine is projected to grow at an annual rate of 48% between 2017 and 2023 .  Let us look at how AI will be lending a hand in the healthcare sector.   Medical AI systems/ Healthcare Management Systems   help in running administrative processes like admissions, accounting, payroll, medical bil...

Revolutionizing Healthcare Operations :A Game-Changing Opportunity of “Buy Now, Pay Later(BNPL)” Services in Indian Healthcare System

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In an ever-evolving landscape of dimensional factors in healthcare system in India, optimizing Operational Efficiency and Enhancing Patient Experiences stand as paramount objectives for Healthcare Institutions and management teams. It involves Adapting with newer trends one such would be – Buy Now, Pay Later (BNPL) services – offering not only financial flexibility to patients but also promising streamlined operations and improved revenue cycles. In this reimagined patient care service, we explore how BNPL services can capture the interest of hospital administrators and healthcare operations teams across India in improving the patient experience . The Operational Challenges: A Call for Innovation. Healthcare operations, where compassion meets complexity, a myriad of challenges often emerge, casting shadows on the Patient Experience and Operational Efficiency. One of the most significant hurdles faced by healthcare operatives revolve around the realm of Billing and Payments. Patients gr...