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Informative Article | Health Sciences | India | Volume 8 Issue 12, December 2019 | Rating: 5 / 10
Healthcare IT Innovations and Cost Savings: Explore How Recent Innovations in Healthcare IT Have led to Cost Savings and Economic Benefits within the Healthcare System
Abstract: This paper aims to assess the effects of emerging technologies in healthcare information technology IT on costs and economic outcomes in healthcare organizations. To conclude, the study relies on synthetic data to assess the correlation between IT spending and cost reduction, where a positive answer reveals a positive connection. Some of the advanced technologies in healthcare information technology include EHRs, telemedicine, and HIEs, which are known to possess immense potential to minimize operational costs while enhancing patients? care. Furthermore, the analysis proves that, in proportion to the growth in spending on IT, there is an increase in cost saving, which underlines the necessity of further investment in these technologies. These findings are consistent with prior research in pointing out that IT plays a central function in achieving improved productivity and containment of expenses in the context of healthcare organizations. To support these findings, it is suggested to conduct future evaluations of these algorithms using authentic real-life study data. On that account, this report also points to the fact that there is a need to continue investing in the area of healthcare IT to unlock such cost-saving potential to enhance the economic returns of the various healthcare systems around the world.
Keywords: Healthcare IT, Cost Savings, Economic Benefits, Data Analysis, IT Investment
Edition: Volume 8 Issue 12, December 2019,
Pages: 2070 - 2076