Category: Healthcare

Healthcare

Success of Referral Management Practices Imperative for Shift to Value-based Care

In a new healthcare model, successful management of referrals is one of the imperatives in a bid for success of rapidly evolving move for value-based care and eventual risk. Meanwhile, a coherent referral management strategy can help reduce costs by emphasizing the value of referrals, thereby aiding to alleviate concerns of providers regarding their eventual move to a value-focused care model.

In this context, in a HIMSS20 digital presentation, executive vice president at Privia Health highlighted the efforts the company is making to help providers better manage their referrals. The efforts highlighted are regardless of starting point of providers on the road to value-based care.

Privia Health carries out operations for Mid-Atlantic Accountable Care Organization – an independent network of physicians comprising 11, 00+ caregivers. Of this, about 70% provide primary care, and the remaining 30% practice as specialists. Collectively, these caregivers tend to roughly serve 590,000 patients.

“As a first step, for successful referral management, is to engage physicians in a shared vision,” stated the executive vice president at Privia Health. The company managing referrals pays to the service provider who understands the value of referrals, and tend to align values from that, the executive further added.

Integration of Referral Management with EHR to Pave Way for its Success

Nonetheless, one way to foster the engagement is to integrate referral management into existing workflows of physicians. Therefore, in this way, by attaching the process into the electronic health record, it becomes a natural component of physicians’ day-to-day work. Furthermore, this removes the need of physicians to toggle between disparate programs, which prevents to distribute their focus and attention.

Meanwhile, Privia’s approach works as physicians run the show themselves. And, physician-to-physician governance is also a reason for the program to work, according to the executive at Privia Health.

Novel Technologies and Soaring Patient Numbers to Propel Growth of Hospital Administration Software Market

Technology has made inroads in the healthcare industry. Eventually, it has resulted in the development of hospital administration software for managing the hospital with ease. The hospital administration software market is stated to observe positive growth during the forecast period of 2017-2025.

Poor hospital management leads to suffering of admitted patients. Hence, numerous clinics and hospitals are relying on hospital administration software for proper management and increased treatment efficiency. Such software also enables the hospital to carve out comprehensive policies. The hospital administration software also assists in inventory management such as medical equipment, stock, etc.

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Rise in COVID-19 patients and reduced work complexity brings hospital administration software in the limelight

Hospital administration software enables end-users to complete all the work in less time and also removes the complexity of the work structure. Hospital administration software also helps in cost-cutting. These benefits may also prove to be growth boosters for the hospital administration software market.

The COVID-19 pandemic will prove to be a prime growth accelerator for the hospital administration software market. COVID-19 cases are seeing a surge in the number every day. Large scale infected patients’ admission is putting pressure on the hospital administration in terms of management and treatment. Hence, hospital administration software will prove to be a boon in these difficult times. Therefore, COVID-19 pandemic may accelerate the growth rate of the hospital administration software market.

Increasing investments and technological innovations are also driving the hospital administration software market’s growth. For instance, Olive, an Ohio-based startup recently raised $51 mn in funding by General Catalyst. Olive’s software toolkit helps in automation of administrative tasks such as supply chain management, revenue cycle, human resources, and clinical administration. In addition, this software does not just automate the process but identifies problems that may lead to revenue loss for hospitals.

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Retrieval Stents Market to Expand with Rising Incidence of Neurological Disorders

The demand within the global retrievable stents market is expected to increase at a stellar pace. Advancements in healthcare diagnostic and treatment has given an impetus to the growth of the global market. The healthcare industry has made deliberate efforts to develop novel treatments lines for chronic and severe diseases. Furthermore, healthcare experts have taken inspiration from successful treatments lines to venture into new domains within invasive surgery. As this trend gathers momentum, the worth of the invasive healthcare sector shall increase. Furthermore, development of invasive treatment lines within medical surgery shall give an impetus to the growth of the global retrievable stents market. The unprecedented rise in the incidence of diseases related to blood clots has also given an impetus to market growth.

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Controlling the Impact of Neurological Disorders

Neurological disorders can be extremely distressing for the sufferers, and may even hamper daily functional activities. Motor activities can be substantially affected in individuals suffering from neurological disorders. Therefore, healthcare professionals focus on the development of robust procedures that can help in treating and controlling neurological disorders. Blood clots in the brain can be a source of severe medical complications in the human body. If untreated for a long duration of time, these clots can become a cause of death. Therefore, it is vital to effectuate tested treatments lines for removing such blood clots. Retrievable stents come in handy for removing blood clots in the brain region. These stents can be carried through the arteries to deflect the clots and successively dissolve them.

Drawing Inspiration from Cardiological Treatments

The field of cardiology pioneered the use of stents to remove clots from the arteries. Several types of stents have been developed in recent times, and each of them have a custom role in the area of cardiology. The rising incidence of heart attacks and cardiac arrests has caused an uptick in the demand for stents. Furthermore, new materials for manufacturing stents have been developed in recent times. Therefore, the total volume of revenues within the global stents market is set to multiply. Biological stents blend well with the arteries, and this has led to increased investments in research related to these stents. In light of the factors mentioned herein, it is safe to expect that the global retrievable stents market would trace a lucrative pathway in the years to follow.

Rising Geriatric Population to Drive Demand

The geriatric population is the most vulnerable to the incidence of strokes. An abrupt stroke can be severely damaging for the nervous system, and may even paralyse the sufferer. Therefore, there is an urgent need to develop quick treatment lines to stabilise patients who have suffered a stroke. For a long period of time, clot-busting drugs were used to control and treat stroke-generated clots. However, in recent times, the healthcare industry has become aware of the need to develop more holistic and effective treatment lines. These drugs have now been replaced with retrievable stents that are a quicker mode to stabilise patients. Besides, the availability of high-performance stents shall also create a plethora of opportunities for growth within the global market.

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Insertion of catheters requires medical expertise, and this has led healthcare units to train nurses and medical staff. The stent used for testing strokes runs through the brain to remove the clot. This is a critical process which decides on the effectiveness of the treatment. Over the course of the next decade, several new healthcare units are slated to invest in retrievable stents. Interventional neurologists are emphasising on the need to use biological stents to treat and control the rising incidence of strokes.

Huge Scope of Application to Trigger Growth of the Nucleic Acid Sequence-based Amplification NASBA Market

Nucleic acid sequence-based amplification or NASBA refers to a technology that is dependent on primer and it can be utilized for the constant amplification of nucleic acids in one single combination at one particular temperature. This transcription-based isothermal and sensitive amplification system is made especially for the detection of ribonucleic acid (RNA) targets. The global nucleic acid sequence-based amplification NASBA market is likely to be driven by rising demand for the technology in the analysis of several diseases.

There has been a rise in the number of unknown diseases or diseases caused by microorganisms not known to the mankind. This factor is likely to work in favour of the development of the global nucleic acid sequence-based amplification NASBA market in the years to come. 

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Increased Prevalence of Unknown Diseases to Spur Growth of the Market

The demand for the nucleic acid sequence-based amplification technology is expected to rise owing to due to increase in the prevalence of new and unknown diseases like COVID-19. In such cases, use of nucleic acid sequence-based amplification come into use for the purpose of genomic analysis of unknown pathogens that are causing the illness.

Designed particularly to amplify ribonucleic acid or RNA, this advanced amplification method has gathered momentum for its effective and accurate performance, which is likely to add impetus to the growth of the global nucleic acid sequence-based amplification NASBA market over the tenure of assessment, from 2019 to 2029. In comparison with other methods utilized in the analysis of RNA, Nucleic acid sequence-based amplification technology is far more versatile, accurate, and sensitive. This simple technique of isothermal reaction also comes with a fast reaction time, which is expected to drive the demand for the technology in the years to come.

This technique of nucleic acid sequence-based amplification finds extensive use in the detection of Hepatitis A virus (HAV), a food-borne microorganism that causes widespread occurrences of gastroenteritis diseases across the globe. This factor is estimated to drive the growth of the global nucleic acid sequence-based amplification NASBA market in the years to come.

The advanced technique is also finds utilization in figuring out the presence of human immunodeficiency virus type 1 (HIV-1) in the body of a living being. Thanks to an extensive range of application and versatility of the technique, the demand for this technology is estimated to observe a surge in the years to come. This technique finds wide use in food industries as well due to its capability of detecting the presence of even a low number of viral particles in samples of food. A such, the technique is gaining momentum in its growing use for inspection of quality in food samples is estimated to support growth of the global nucleic acid sequence-based amplification NASBA market in the forthcoming years.  

Presence of Advanced Healthcare Infrastructure to Propel Growth in North America

In the global nucleic acid sequence-based amplification NASBA market, North America is estimated to exert dominance over the tenure of assessment. Such prominence of the region is due to the growing interest in research activities together with the presence of already established robust infrastructure for research. These factor is forecasted to bolster growth of the market in North America.

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Both Canada and the U.S have exhibited high growth in the regional market due to the presence of favourable reimbursement policies and well-established medical infrastructure. Asia Pacific is prophesized to be another rapidly growing region in the global nucleic acid sequence-based amplification NASBA market. Augmented demand for reasonably priced  diagnosis procedure together with the presence increased government spending in the medical industry is expected to drive the demand for the technology in the region.

Innovation to Help Companies Exert Dominance Over this Fragmented Market

Some of the prominent vendors profiled in the study of global nucleic acid sequence-based amplification NASBA market comprise Wuhan Dahua Weiye Pharmaceutical Chemical Co. Ltd., AOS Products Private Ltd, Manohar Botanical Extracts Pvt. Ltd, Aromatic Herbals Private Limited, Van Aroma, and Gramme Products. The global nucleic acid sequence-based amplification NASBA market is a highly fragmented market and comprises both regional and international competitors.