The global healthcare market is estimated to reach a staggering 12 trillion dollars by 2022. This is because of the increasing awareness about healthcare and its importance after the COVID situation. Furthermore, with recent agreements by governments around the world on initiatives to provide healthcare facilities to every nook and cranny of the country, the healthcare industry as a whole looks quite promising. All of these initiatives have rocketed the industry to an entirely new level.
Covid situation has identified Telehealth applications and mobile health clinics as two promising approaches to overcoming some of the challenges by healthcare services.
Hospitals are responsible for the uncompensated care costs left by Medicare and Medicaid reimbursement shortfalls which need to be managed properly to avoid shortfalls.
Keeping perishable supplies and products out of landfills reduces costs in a direct and beneficial manner.
Modern healthcare organisations may be able to revolutionise medical therapies and personalised medicine by integrating biomedical and healthcare data.
To improve the efficiency and quality of clinical care, increased efforts are being made in different countries where data is being shared among doctors and hospitals.
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