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Healthcare providers can benefit from ERP

4/18/2013 at 8:00 am by

Big businesses are likely to know the benefits of implementing ERP software for cost savings and efficiency, but the healthcare industry can also benefit from ERP.

According to recent research from IBM, 80 percent of all medical data will be unstructured within the next two years, which could pose a huge problem for the healthcare industry. IBM also says the entire body of medical knowledge doubles every five years, and as imaging technology improves, it creates more mobile data. As medical technology constantly improves and evolves, healthcare data storage needs will continue to grow.

How the healthcare industry can benefit from ERP
Because the medical industry is so large and significant, ERP software can increase efficiency because it could facilitate the process of transferring patient information, according to Healthcare Global. ERP can allow for better management of data archives and supply chains. Healthcare records have made the shift to electronic storage. Since ERP can save both time and money, medical professionals will be able to give patients better treatment when their time is freed up. Paper records and unintegrated management can lead to lost files and wasted time and resources.

Time is of the essence in the healthcare industry because patients’ lives could depend on it. The medical field also has high costs and high demand, according to Healthcare Global. ERP software can increase efficiency in hospitals where vital services are provided.

ERP management for the medical field
While healthcare professionals could benefit from implementing ERP software, there are also difficulties they would have to overcome. As quickly as medical technology has changed, many healthcare providers have been slow to make the switch to ERP. Healthcare Global suggests there may be some reluctance because healthcare is such a high-speed field with a lot of pressure and not much down time. Hospitals usually have complex systems, and implementation of ERP software would require a significant change. With extreme amounts of data, there are concerns about confidentiality and security, according to ZD Net Health.

However, most of the time, many issues can be solved by choosing the right ERP software, according to Healthcare Global. The variety of customizable options in ERP systems can allow healthcare providers to find the solution that meets their needs. Overall, the medical industry could benefit in time and cost savings, which could improve the standard of care patients receive.

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About the Author

The Sage ERP team report on various topics related to ERP and business management.

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