7 Reasons to Implement ERP in your Health Care industry
ERP software is widely accepted in various domains. Technical advances and intensifying competition in industrial markets have helped it gain broad acceptance. ERP software is an effective, robust and attractive option for businesses as it can help break down information silos, streamline things and automate a wide range of business functions within different departments.
Healthcare providers are struggling to achieve two goals: providing quality care and reducing costs. To this end, healthcare institutions invest in updating their ERP – or Enterprise Resource Planning- systems so that patient care is more accessible and cost-effective. Along with saving time and effort for staff, the ERP software allows health care providers to reduce clinical errors and increase efficiency.
The rapid influx of patents and new innovations made it possible for hospitals and other healthcare organizations to integrate their patient database with the vital doctor & employee information. Doctors and clinicians need real-time access to their patients’ medical information to allow for instant communication and enhanced treatment.
It is important to streamline information through pharmacy, laboratory system, radiology, image archiving, communication system (PACS), and electronic medical records (EMRs) for patients. On the other hand, patients are granted access to the collected details from their medical records in order to arrange appointments in time and make decisions promptly.
The 5 Reasons to Implement ERP in Healthcare Industry
Reason 1: Easier Access to Medical Records
When a patient calls to make an appointment or express a medical concern, the nurses and medical staff need to be able to quickly access that person’s record. This is something which becomes more difficult in the case of outdated systems.
So many providers are transferring their paper-based & manual systems onto ERP software, and with a click of a button they can access the data they need. With this system in place, the patient experience is greatly improved.
This is especially true during COVID-19. Those at medical centers that have updated their devices will have an advantage over those without upgrades.
Reason 2: Patient Confidentiality
Medical records are highly sensitive and confidential. Your organization is still storing them on file folders or storing them on your internal network?
If this is the case, you may be facing a serious data breach in the near future. For the first half of 2019 there were 32 million patient records breached!
If you move patient records onto ERP systems, you can set advanced security permissions to make sure only authorized personnel can view them.
Reason 3: Accurate Cost Monitoring
Healthcare organizations outsource ERP to manage financial process. This helps them optimize various back-end functions such as accounting, finance, human resources and more.
Employing an ERP system streamlines patient affairs, which can include maintaining payment records. This module can also provide insight into expenditures.
One of the main benefits is that ERP saves you from human errors that can occur in any sort of administrative operation. It’s also great for keeping your inventory information up to date.
Reason 4: Allow strategic planning
ERP is being used more & more by hospitals. It can help improve business by keeping track of areas that need an improvement and also looking for ways to make operations more efficient. Once you determine where there’s a need for improvement in your company, it’ll be even easier to find out if the practices in place are effective or not.
Reason 5: Streamlined Process Integration
Within a typical healthcare setting, there are hundreds of individual processes happening at any given time. When these operate in silos, it can lead to confusion and inefficiency; other scenarios could cause catastrophe.
ERPs create workflow connections between processes and allow them to operate seamlessly together. This helps provide a more efficient, quality work environment where employees can focus on using their skills instead of trying to connect all the dots themselves. Every team member has the data they need at their fingertips, improving team communication and collaboration.
Simply putting in an ERP system is not enough for a company to see process improvement. Organizations need to focus on process re-engineering in order to standardize specific processes and differentiate them from others. This can be done using pre-configured best practices and by adding particular customizations as necessary.
Reason 6: Facilitates integration
Technological advancements in the last few decades have made upgrading a healthcare system less of an expensive and laborious process. Therefore, ERP systems have been created to make hospital operations more streamlined.
By integrating AI into departments such as human resources, finance, billing, and inventory at your organization, you can provide better services and be more organized. By having the ability to share this information easily across organizations, you can help improve healthcare related qualities.
Reason 7: Ability to adopt new technology and trends
The field of healthcare, like other areas of business, continues to up its game and introduce new technology as time goes on. The latest updates in this area have been focused on the overall well-being of patients and new innovations are constantly appearing. With ERP software deployed in the organization, you are better able to adapt to new technology and trends. With innovative ERP systems which can improve your processes, the healthcare industry will be stronger and more productive when it comes to delivering quality services.
Healthcare industries are very sensitive to data, as one the most data-sensitive sectors. ERP systems have been used in manufacturing for years, recently with the shift of many healthcare providers to ERP Systems, companies like Microsoft and SAP offer a range of products specifically designed for health care
Healthcare organizations can very quickly see the benefits of an ERP system. Such a solution typically includes specialized modules including modules to help providers organize their workflow, improve their patient experience, and cut costs.
We offer free consultations for those looking to find the best healthcare ERP solution and implement it successfully.