Healthcare Information Systems market in India has immense growth potential driven by an estimated 14,000 hospitals across the country, along with the corporatisation of the healthcare provider space, growth in the health insurance market, and the development of medical tourism, writes leading healthcare IT company SoftLink International for Elets News Network.
The prognosis for successful Healthcare Information Systems (HIS) implementation is really great. It is expected to increase legibility, reduce medical errors, shrink costs and boost the quality of healthcare. There exists a potential for HIS to significantly increase the overall quality of health, which is evident by the investments that are currently being pumped into the healthcare IT (HIT) development and adoption.
HIT consists of a wide range of networking technologies, clinical databases, electronic medical or health records, and other specific biomedical, administrative and financial technologies that generate, transmit and store healthcare information. In the past, HIS was focused on management of patients information, clinical records, accounting, and automated transactions. Now cloud computing, ultra-portable and powerful devices like laptops and smartphones, increased options for archiving and digitising information into readily accessible formats brings an interesting future for HIS.
Trends in India
There are an estimated 14,000 hospitals in India, excluding the private clinics and nursing homes. This factor should be enough to drive the HIS market in India along with the corporatisation of the healthcare provider space, growth in the health insurance market, and the development of medical tourism. However, the HIS market in India is still in the early growth stage. In terms of technology adoption, the Indian market is far behind its Asia Pacific counterparts such as Australia, Japan, South Korea, Singapore, and Malaysia.
SoftLinks PANACEA HIS is HIPAA compliant, HL7 conformant with seamless integration to CIS, RIS and PACS.
Undoubtedly, Indian hospitals have been very late in realising the advantages of information technology (IT). Lack of awareness, the low priority given to financing of IT-related investments, lack of suitable solutions, as well as the absence of professional decision making has led to low penetration of HIS in this high-potential market. HIS market in India was valued Rs 7.6 billion in 2013 and is expected to reach Rs 19.1 billion by 2018.
In this modern age of digitisation, an investment in hospital automation will lead to efficient utilisation of resources and dynamic planning for future growth.
HIT Solutions by SoftLink
Incorporated in 1997 by Mr. Prakash Kamat (Chairman& MD), SoftLink International leverages two decades worth of product development and extensive R&D to offer cutting edge technology products in Healthcare-IT sector. SoftLink focuses on three key areas of healthcare automation namely Hospital Information System, Cardiology and Radiology. SoftLink’s PANACEA – a Hospital Information system is fully integrated single solution ERP built exclusively for healthcare allows to access a real time patients’ data across the hospital network. PANACEA is in its seventh release which is completely Cloud enabled, browser based Solution, with all clinical modules, EMR, Labrotory Information System, Blood bank etc besides core HIS modules like Appointment Scheduling, Admission, Discharge, Billing etc. As a complete ERP for Hospital, it also covers backend modules like Inventory Management, HR, Finance, Asset Management etc. PANACEA is HIPAA Compliant, HL7 Conformant and supports Snomed CT, ICD 9 & 10 code for diagnosis. It provides interfaces with smart card, barcode, RFID tags, Voice recognition and Lab equipment etc. In line with Digital India initiative, AADHAR card integration for government Hospitals is also available. PANACEA’s analytical tools help hospital managers in efficient planning of resources, decision making which advances in improved discharge process turnaround time.
Future Scope of HIS
Currently the HIS is used by hospitals at departmental and institutional level only. Since many hospitals are expanding their business globally through different sister branches, there will be a shift from institution-centered or departmental hospital information system towards regional and global HIS. The inclusion of patients and healthcare consumers as HIS users, use of HIS data for health care planning as well as clinical and epidemiological research are some future lines of development in HIS.