Tag: chronic diseases

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Evolution of Global Healthcare IT

The healthcare system is no longer limited to traditional treatment methods. In fact, as technology continues to evolve, so does healthcare. Today, what we see at the global level is a synergy of healthcare facilities with information technology leading to the birth of healthcare IT system. The evolution of healthcare system has been phenomenal and is poised to expand further in the upcoming decades.

A move towards simplification

One change that the IT in the healthcare sector has made is a deliberate move towards the simplification of the entire healthcare process. Simplicity has emerged as the new trend, and with the help of real-time IT platforms, patient engagement has improved, so has personalization and transparency when it comes to care. Also, unlike how it was in the past, IT for healthcare now has a flexible exchange of information between the patient, care providers, and health support networks.

Remote patient monitoring

Remote patient monitoring is another thing to look forward to. With the focus being shifted to quality and cost-effective healthcare services, healthcare providers are resorting to technology to monitor vitals such as weight, blood pressure, blood sugar, blood oxygen levels, and heart rate. The information gathered is used by professionals in hospitals, ICUs (intensive care units), primary care centers as well as by centralized off-site case management programs.

Remote patient monitoring assists in:

  • Easy access to healthcare
  • Improved patient outcome
  • Cost-effective healthcare solutions

A step towards better disease management

Chronic diseases like blood sugar, blood pressure, arthritis, and cardiovascular problems require regular care and management. With the development of several wearable technology devices, it is now easier for a patient to keep track of his/her vital signs without having to visit a hospital. These devices save patients’ time, effort, and money but also helps them in being proactive about their disease management.

Better disease assessment

With the advent of IT for healthcare, there have been several innovations when in health assessment gadgets. These gadgets help medical professionals analyze diseases and determine better preventive solutions for patients.

Also, there has been an increase in the number of minimally-invasive surgeries, which enable patients to recover sooner and better as compared to traditional surgical methods. From a long-term perspective, IT in healthcare helps to improve overall medical care and better serve a greater number of patients across the globe.

Improved medical research

All medical research organizations are working towards improved research so as to be able to examine diseases and develop effective antibodies to cure them. Technology has made it easier to create vaccines that will not only cure diseases but will also prevent them from spreading.

It is for these reasons that IT for healthcare has emerged as the future of global healthcare systems. This newfound synergy is sure to change the face of medical services in third-world countries, where even basic healthcare facilities are not available to the majority of the population.

 

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Benefits of the Growing OTC Market

In today’s fast-paced, fast-growing world, cost efficiency, time efficiency, and effectiveness are paramount. With the increased incidence of disease and chronic illnesses, the global healthcare industry calling for major change, and medications becoming more and more expensive, an extremely comprehensive and multi-faceted solution is required. One component of that solution, which has proven to save time, money, and provide a number of other benefits, is over-the-counter medication (OTC). The OTC market, once completely overshadowed by the market for prescription medications, is now making huge strides and showing great promise for the future of medicine and healthcare. Below are the benefits of growing OTC market:

Increased accessibility

In most cases, it is almost impossible to obtain OTC medications for illnesses other than the common ones like colds, allergies, heartburn, etc. Yet, when it comes diabetes, a chronic condition that is also incredibly common, those with the disease can only obtain their medication through a prescription. Expanding the OTC market will improve the accessibility of medications for those with chronic diseases, facilitating better and faster treatment. Accessibility ties in with convenience, and when things are more convenient, individuals are more inclined to do them, which can lead to better and more consistent health maintenance.

Increasing the number of OTC medications will also make medication more accessible in places that lack adequate doctors or care facilities, which is especially important in poverty-stricken areas where it might be easier to access a local drugstore than it is to travel to clinic or medical facility.

The downside to accessibility is that it requires greater regulation. By making more medications available over-the-counter, the risk of abuse or black market sales can potentially increase. However, in even the most perfect of circumstances where each and every medication is intensely regulated, the risk can never be totally mitigated and in most cases the benefits outweigh the negatives.

Patient autonomy

Illness can often lead to a feeling of helplessness. This is compounded by the fact that many medications require a prescription, and to obtain that prescription can be a long and sometimes costly process. OTC medication provides a sense of control and empowerment when it comes to dealing with illness; a feeling of being able to take care of oneself and get back on track more quickly. For those who suffer from chronic illnesses or require daily medication, it’s one less stress on their otherwise stressful lives.

Patient autonomy also leads to increased awareness with regard to medication, encouraging more informed and intelligent use. When an individual is able to address an illness by obtaining medication on their own, they are more likely to do extensive research and become more in tune with their overall health and wellness. Further, OTC medications eliminate a great deal of shame and embarrassment when it comes to dealing with health issues that are more personal, such as STDs.

Lower cost

The rise in medication costs is a major issue around the globe and particularly in the United States. OTC medications are significantly cheaper and don’t come with the overhead associated with prescription medications. Because OTC medications cost less, more people can afford them, thus increasing overall healthcare coverage. And with more buyers, pharmaceutical companies are able to build a much larger consumer base and quickly increase revenue. This in turn drives competition, inviting new competitors both within the industry and outside of it to make their way into the growing OTC market. The market will also experience major acquisitions, as larger companies look to secure their share as early as possible.

These are just several of the many benefits that come with the expansion of the OTC market. With great necessity and growing demand, the OTC market is definitely one to pay attention to over the next several years.