APAC CIOOutlook

Advertise

with us

  • Technologies
      • Artificial Intelligence
      • Big Data
      • Blockchain
      • Cloud
      • Digital Transformation
      • Internet of Things
      • Low Code No Code
      • MarTech
      • Mobile Application
      • Security
      • Software Testing
      • Wireless
  • Industries
      • E-Commerce
      • Education
      • Logistics
      • Retail
      • Supply Chain
      • Travel and Hospitality
  • Platforms
      • Microsoft
      • Salesforce
      • SAP
  • Solutions
      • Business Intelligence
      • Cognitive
      • Contact Center
      • CRM
      • Cyber Security
      • Data Center
      • Gamification
      • Procurement
      • Smart City
      • Workflow
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Artificial Intelligence

    Big Data

    Blockchain

    Cloud

    Digital Transformation

    Internet of Things

    Low Code No Code

    MarTech

    Mobile Application

    Security

    Software Testing

    Wireless

  • E-Commerce

    Education

    Logistics

    Retail

    Supply Chain

    Travel and Hospitality

  • Microsoft

    Salesforce

    SAP

  • Business Intelligence

    Cognitive

    Contact Center

    CRM

    Cyber Security

    Data Center

    Gamification

    Procurement

    Smart City

    Workflow

Menu
    • Cyber Security
    • Hotel Management
    • Workflow
    • E-Commerce
    • Business Intelligence
    • MORE
    #

    Apac CIOOutlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIOOutlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    How Healthcare Can Get Rid of Cost Disease Theory?

    Connected monitoring devices, alternative payment methods, patient data analytics along with value-based purchasing options have redefined the way in which healthcare is delivered.  

    How Healthcare Can Get Rid of Cost Disease Theory?

    By

    Apac CIOOutlook | Thursday, January 01, 1970

    Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.

    Connected monitoring devices, alternative payment methods, patient data analytics along with value-based purchasing options have redefined the way in which healthcare is delivered. Although, the IT payment methodologies promise significant cost-savings and enhanced productivity, actualizing this aspect is still far from reality. Since healthcare is a labor-based industry, therefore ensuring better productivity would not lead to a reduction in costs. Until and unless this conundrum, which is also responsible for burgeoning healthcare costs over the years, is resolved, the aforementioned expectations are unreasonable. In order to actually reduce healthcare costs, the stakeholders have to think beyond reducing the number of services, limiting medical services for consumers, and implementing other waste removal initiatives. The time is ripe, as of now, to change this discourse and focus on productivity and labor to assist the healthcare ecosystem.

    Check Out: Top Healthcare Companies

    A clear understanding of clinical encounter is incumbent in reducing healthcare costs for organizations. According to a study, roughly 85 percent of patient health issues stem from social determinants such as education, housing, food security, et al. Therefore, by keeping these aspects in check, physicians can cut down on minor health issues, which will significantly save costs. In fact, few organizations have even begun such initiatives by connecting patients with a program that keeps these social factors in abeyance. In addition, pairing doctors with technology that can supplement such clinical encounter will go a long way in addressing the staff shortage in the healthcare ecosystem.

    Conclusively, the major focus for healthcare organizations must be to optimize labor productivity. While IT payment is crucial to reduce costs, if a strong labor-management policy does not complement it, it is going to be a frugal attempt to control cost.

    Check out: Top Revenue Cycle Management Technology Companies

    More in News

    Transforming Retail: The Impact of VR and AR in Asia Pacific

    Transforming Retail: The Impact of VR and AR in Asia Pacific

    Enhancing Customer Satisfaction through Omni-Channel Payments

    Enhancing Customer Satisfaction through Omni-Channel Payments

    AI's Role in Apac's Digital Transformation Journey

    AI's Role in Apac's Digital Transformation Journey

    Influence of AI on Supply Chain Management

    Influence of AI on Supply Chain Management

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Copyright © 2025 APAC CIOOutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    Home |  CXO Insights |   Whitepapers |   Subscribe |   Conferences |   Sitemaps |   About us |   Advertise with us |   Editorial Policy |   Feedback Policy |  

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/how-healthcare-can-get-rid-of-cost-disease-theory-nwid-5127.html