Shortage of Nursing Staff and Doctors increases Patient Flow Management software

Publisher: The Insight Partners

The global patient flow management market in is expected to grow from US$ 452.7 Mn in the year 2017 and is expected to reach US$ 2,126.6 Mn by 2025 growing at a CAGR of 21.9% over the forecast period. The report highlights the trends prevalent in the global patient flow management market and the factors driving the market along with those that act as restraints to its growth. The global patient flow management market is witnessing a sheer rise in the current scenario and is expected to expand in the coming years. Growing technological advancement is one of the major factor to propel the demand of patient flow management. However, shortage of skilled IT workforce is expected to hinder the market growth.

Advancements in technology have always had major impacts in medicine. The smartphone is one of the most dynamic and ubiquitous trends in communication. The mobile phone can also be used for communicating through different platforms such as email, performing Internet searches, and using specific applications. The smartphone is one of the fastest growing sectors in the technology industry, and its impact in medicine has already been significant. Smartphones aren’t just making it easier in terms of day to day chores; the technology is also streamlining care for both physicians and patients. Hospitals are making significant investments in smartphone and secure mobile platforms to enable communications between clinicians and between them and patients, according to a new survey. Clinicians will often use both a hardened device and a consumer-grade smartphone to communicate with one another and patients. For example, purpose-built devices can be integrated with in-hospital patient call systems, so nurses are paged when a patient hits the call button, increasing responsiveness. The increasing use of smartphones are thereby expected to provide opportunities for the rising use of mobile-based applications by both healthcare providers and patients to streamline workflow and avoid inconvenience such as hospital waiting time, availability of admission beds and others.

However, the number of data breaches associated to healthcare information and patient data have been gradually increasing in the past years. Healthcare is emerging as a lucrative target for cyber threats and breaches with misconfigured cloud storage buckets, weaponized ransom ware, and phishing emails being the most prominent ones. According to a survey published in the HIPAA Journal 2015, Healthcare Data Breach Statistics reports that there have been 955 major security breaches in healthcare in the last three years that have resulted in the exposure/theft of 135,060,443 healthcare records. More than 41% of the population of the United States have had some of their protected health information exposed as a result of those breaches, which have been occurring at a rate of almost one a day over the past three years.

The major players operating in the patient flow management market include McKesson Corporation, Care Logistics, Epic Systems Corporation, Intelligent In Sites, Aptean, Cerner Corporation, Teletracking Technologies, Inc., Central Logic, Allscripts Healthcare Solutions, Inc., and Sonitor Technologies among others.