According To Struggling Hospitals, EMRs Help Reduce Costs

Modern unhealthy lifestyles, struggling national health services, and ageing population will increase the demand for Electronic Medical Records (EMR), as per the latest reports from GBI Research. This new report has revealed that ICT is to play an important role in future medical care, as more efficient administration of the different medical practices will be possible with EMR, and it will lower the costs to countries. The different governments are expected to drive the market by adopting and implementing national schemes to make the different medical records up to date.

The improvements in the medical field in this technological age are allowing the individuals to live longer and many of the developed nations face rising health costs due to the increase in the aged populations. This in turn will increase the pressure on the existing infrastructure. This can be proved by the increasing ratio of health care expenditures to GDP (Gross Domestic Product) of the nation. In addition to this, lifestyles are more influenced by the western style, making an increase in the prevalence of lifestyle diseases. This has increased the number of individuals that need significant medical care.

To solve this issue, the World Health Organization (WHO) is now promoting ICT facilitated solutions for efficient healthcare services. Many of the nations across the world have agreed that eHealth will be playing a major role in the coming days to improve the access to high quality healthcare and they have also declared action plans to get their hands on the latest technologies.

As per the study of Harvard Medical School conducted in the year 2008, administrative automation will help firms to cut about five percent from the total healthcare spending that represents about 100 billion dollars in US. This can be made possible by the reduction of adverse drug events, complications like clinic acquired infections, and medical errors. In the same way, overuse of emergency departments and unwanted requesting of radiology and clinical tests result in losses that total to 55 billion dollars every year.

This means that the clinics will be able to save lots of money by implementing EMR system. Large numbers of government initiatives that are aimed at capturing such savings are expected to power the EMR systems. These initiatives offer great incentives to the hospitals and doctors who adopt the same. It is expected that the global electronic medical records market is expected to reach 7.8 billion dollars in the year 2017, growing at CAGR of 10% during the period 2010 to 2017.