Thursday, September 22, 2011

Information technology in Healthcare, baby steps today....on fast track growth.

From mid 1980s, I have seen a evolution of systems and adapation of these by verical industries. Some industries embrased IT faster than others and very few have not even indulged at all. As we all know banks,telcos etc. have a very high degree of usage, which is to the extend, without very high dependency on information technology their business cannot be conducted or progressed in today's world. Manufacturing, Retail, Government and many others have moderte consumption of IT systems, but the IT in these areas is steadily increasing its footprint.

One of the industry which has very little or no IT penetration was Healthcare. Healthcare, though was a heavy consumer of healthcare technology innovations in the field of pathology, radiaology, invasive or other forms of eqipments etc. was reluctant in moving fast in adapting information technology. It appreas to me that the trend of IT consumption in the healthcare industry is changing a lot. Certainly the wave started in the western world but now it is reaching the shores of Asian countries. There are some African countries are also following the pursuit.

Healthcare industry and its associated industries such as health insurance industry, pharmacuetical reasearch and manufacturing industry, bio-medical equipment, clinical and other consumables industry etc. form a large slice of global economy. I would think that what is possible in this industry strata is minimally explored and the possibilities are unlimited and c be compared to that of financial services industry. As we can see in financial services industry utilises IT capabilities to address every aspect such as the traditional banking transactions and others like the internet based, ATM/CDM based, mobile based etc. In additional, it uses information technology for risk management, channel management, automation of every internal processes, fraud detection, compliance reporting etc.etc. are some of the examples. Like this, healtcare industry could slowly cover hugely and increase the quality of care and coverage.

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