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a quarterly report by - Technopak

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perspective<br />

a quar terly repor t <strong>by</strong><br />

Volume 02 / 2009<br />

| Volume 02<br />

Overview<br />

With the turn of the century, the dynamics of work, health and life have undergone a sea change. Every<br />

sphere has seen growth and opportunities in leaps and bounds with newer and better ways of doing things<br />

and also doing altogether newer things. The emphasis is shifting towards improving efficiency, precision<br />

and reducing time and cost.<br />

Although this wave of change has swept across every industry, such dynamism and corporatization has<br />

completely changed the face of the healthcare industry. While there are an increasing number of patients,<br />

there is also an ever-increasing disease profile and burden. The disease pathway has become much<br />

more complex and not just limited to diagnosis and treatment. On the other hand, the implementation<br />

of information management systems has made the operation and administration of a hospital more<br />

professional and business-like.<br />

Over the last decade input costs have gradually increased, however due to increased competition<br />

Heathcare Providers are unable to pass this burden onto patients in the same proportion. This presents<br />

Hospital Administrators with a complex task of not only streamlining existing operations but also providing<br />

flexiblity for future changes in the business model. Hence, now more than ever, with rising demand and<br />

unprecedented growth of the sector, there is a growing need to come up with newer models to improve<br />

operational efficiency and make processes, infrastructure and our outlook to management more lean and<br />

specific.<br />

From the softer skills of Customer Relationship Management (CRM) to the core activities of Revenue Cycle<br />

Management (RCM), hospitals are undergoing a complete overhaul of how they do business and more<br />

importantly focussing on ‘who they do business for’.<br />

Exhibit 1<br />

Documentation<br />

Paper Records<br />

Electronic Medical<br />

Records<br />

Mode of payment<br />

Out of Pocket<br />

Third-Party<br />

41 | Building Operational Efficiency in Healthcare Delivery<br />

The Ongoing Transformation in Hospitals<br />

Public Relations<br />

Doctor - Patient<br />

relationship<br />

Marketing / CRM<br />

Quality<br />

Sporadic quality<br />

checks<br />

Accreditation<br />

Hospital Financial<br />

Operations<br />

Accounting<br />

Revenue Cycle<br />

Management<br />

Human Resources<br />

Low Employee<br />

Participation<br />

Active Employee<br />

Engagement<br />

Customization<br />

Mass Approach<br />

Personalised<br />

Care

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