Medical Records Technology

The insights from different reliable sources suggest the same:

• According to InvestIndia, India is projected to be ranked within the top three healthcare markets in terms of incremental growth by the year 2020.
• According to InvestIndia, the healthcare industry in India is estimated to reach $372 billion by the year 2022.
• Moreover, InvestIndia suggests, the in-patient market has approximately grown at a CAGR of 13% during the span of years 2015-20.
• According to the data released by the Department for Promotion of Industry and Internal Trade (DPIIT), hospitals and healthcare diagnostic centers attracted Foreign Direct Investment (FDI) totally valued at US$ 6.72 billion between April 2000 and March 2020.
• The hospital industry is expected to reach $132 bn by 2023 from $ 61.8 bn in 2017; growing at a CAGR of 16-17% according to InvestIndia industry blogs.
• IBEF government site states that the healthcare market might grow more than three times its current worth to Rs 8.6 trillion (US$ 133.44 billion) by 2022.

• Medical Record Accountant – In this profile, the accountants are responsible to keep a track of the accounting books, manage its billing cycle, and calculate bills, taxes, etc. They are also responsible to prepare the reports of annual statements, quarterly statements, and others for ownership.
• Front desk receptionist – In this job role, the duties of the front desk receptionist is to contact their clients for businesses, and manage the front-end of the doctor’s office. They will have to perform the main front-desk tasks, administrative duties, answer calls of patients, greet their clients, and oversee their budget within the office.
• Billing professional – In this role, the specialists have to manage the billing and oversee the coding system efficiently. They will have to manage the billing system for all the patients, update information regarding billing of patients, create invoices, and process payments.
• MRI Technician – MRI technician will have to operate machines that has a big-tube like structure, oversee the radio waves generated from the patient’s organs, cells, tissues, and bones. They will have to help doctors in diagnosing medical concerns such as aneurysms, tumors, heart attacks, and other diseases.
• Laboratory Manager – Laboratory managers are responsible to manage and maintain the safety and other lab procedures. They will have to ensure that the lab is running smoothly that includes scheduling their staffs, maintaining standards of safety and security, and reorder supplies.
• Medical Coder – Medical coders are responsible to translate the reports of the physicians into manageable medical codes. They will work in the back-end in various processes that includes settings, maintaining pertinent data, and manage the entire coding works to ensure consistency, efficiency, and accuracy.

• Ambulances with technology-enabled can reduce the response time effectively and ultimately will reduce the costs that are incurred in the healthcare sector. Check out this report for more insights.
• Medical Transcription is becoming the new voice technology for the sector efficiently. Read more of this report here.