Over the years, the Healthcare sector has been facing several notable changes regarding quantity and quality. The increasing patients’ hope and trust in enhanced service delivery has been due to the changes experienced in this sector. Thus, some prescription for different facets of the healthcare market has been innovated to serve as inspiration channels to the new generation entrepreneurs for them to think in the same viewpoints or even better.
Examples of these prescriptions are a referral system as well as better post-acute ratings. In reducing post-acute and readmission cost, the government has channeled several financial incentives to the Health Industry that are used in the acquisition of nursing facilities. An opportunity, therefore, arises for the entrepreneurs such as beginning to supply the hospitals with software that are capable of identifying among the post-acute supplier those who have the lowest readmission rates. The software will be essential for the hospital because it helps in better directing the patients and it will also save a considerable amount of money for the family and the patient.
Health tracking hardware is the other prescription that is essential to the Healthcare sector because the patient’s data was previously collected manually hence making the task somehow tiresome and boring and the worst thing is that inaccurate data may be obtained. Therefore, Doctors tends to experience an awkward moment to provide appropriate recommendations that is mostly impossible while using incorrect data or without the data. In addition to making the collection of data more natural and more straightforward compared to the manual selection, it also has an insurance cover that makes it secure to use. Therefore, it is a worth taking opportunity for an entrepreneur to begin supplying software to the hospitals and they should aid in the generation of patients’ health reports to doctors or nurses.
Drew Madden received his undergraduate studies at Lowa College of Engineering where he was awarded a B.S.E in Industrial Engineering. After the academics, he began his career in 2010 at Nordic Consulting Partners and served as its president for six clean years. During his tenure, the company accrued many benefits from his stewardship such as exponential growth in the size of employees and clients. Also, he assisted in 2012 and in 2014 the company to accomplish the KLAS ranking.