The pandemic introduced a lot of new challenges in the healthcare industry, particularly in the customer experience space. This has primarily resulted in the infusion of new-age technologies into mainstream healthcare professions. One of the technology applications at the forefront of bringing a positive change in the healthcare sector is Medical Practices Management System (MPMS). The system supervises the daily operations of medical institutions to increase efficiency, reduce operational costs, and highlight their growth potential. In terms of the market, the MPMS arena is anticipated to reach $739.1 million by 2029.
Presently, as the healthcare sector prioritizes the development and implementation of intuitive experiences for patients and physicians, care facilities are witnessing a skyrocketing adoption of artificial intelligence (AI), extended reality (AR/VR), and cloud-based services. A key real-world trend that highlights this shift is the growing replacement of server-based practice management with innovative SaaS solutions. By replacing antiquated systems with cloud-based management, caregivers gain the ability to securely and seamlessly share sensitive information with multiple stakeholders across their IT network. Similarly, AI-led practice management software optimizes every aspect of the patient workflow and automates cumbersome tasks to give physicians and care staff more time to focus on patient care. Drawing on data from Electronic Health Records (EHR), AI-powered predictive modeling can outperform traditional models in forecasting prolonged length of stay, in-hospital mortality, and final discharge diagnoses. AI also helps in integrating data from multiple wearable devices into the EHR, thereby enabling care teams to map trends and spot deviations that suggest illness.
In this edition of Healthcare Tech Outlook, we present to you some of the most promising medical practice management solution providers. The magazine also features thought leadership articles from Mitchell Fong, VP of Virtual Care at Renown Health, Dr. Toufic Kachaamy, Medical Director at Cancer Treatment Centers of America, and Jonny Levy, Medical Director at Healius. The edition also showcases innovative solutions from companies, including OfficeAlly, which focuses on streamlining the tenets of medical practice management with its fully secure and free practice management system and a full-service, web-based clearinghouse solution for medical practitioners.