6 May - Aug, 2018The healthcare sector has embarked on its paperless journey by embracing document management system (DMS). This is in response to the hospitals and clinics that are required to retain patient records for a minimum of 10 years, which over the time would result in high volumes of paper records. All the paperwork from patient forms, insurance cards, co-payment receipts, physician notes, diagnosis codes, lab results, secondary billing to the ever important HIPAA compliance can be managed by a single DMS now. DMS has proven to be cost-effective as it manages patient information electronically. Also, through smarter processing, DMS facilitates clinicians' decision making in treatment and hospitalization procedures, improving the quality of patient care and safety. It allows care providers to access patient files by simply keying in a search term and retrieving their medical record in mere seconds, leaving them more time to spend on value-adding activities. Most of the systems are mobile-enabled that allows physicians to view and upload patient data at their fingertips from anywhere. What is more, DMS integrates with the existing clinical and administrative systems of a hospital such as patient information systems and billing systems to constantly update the data about the patient.Alongside, streamlining workflows, the use of DMS eliminates the risk of document breaches as it provides security controls to medical professionals who can regulate the access of data to limited people. This ensures that data is secure and compliance with regulatory bodies such as HIPAA is maintained. With the implementation of DMS in healthcare is on the rise, the global medical document management market is expected to reach $789.9 million by 2023 as per Stratistics MRC. Gearing towards the paperless era, the healthcare sector is constantly endeavoring to find the right DMS to take care of all its files and documents cost-effectively. In this edition of Healthcare Tech Outlook, we are featuring a list of leading players in the document management market that can help healthcare companies reduce their paperwork and move to a digital world.Let us know your thoughts.Powering a Paperless Health ParadigmEDITORIALAlex D'souzaManaging Editoreditor@healthcarebusinessreview.comManaging EditorAlex D'souzaEditorial StaffAaron PaulJoe PhillipJames SmithMark RobertVisualizerCopyright © 2018 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.May - Aug, 2018, volume 01 - Issue 02 Published by ValleyMedia, Inc. To subscribe to Healthcare Business ReviewVisit www.healthcarebusinessreview.com *Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEmail:sales@healthcarebusinessreview.comeditor@healthcarebusinessreview.commarketing@healthcarebusinessreview.comImmanuelChris LynnSalesRich Gonsalves rich@healthcarebusinessreview.com
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