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The hospital industry is one of the largest segments of national healthcare expenditures in the United States each year. As of 2016, the industry accounts for $850 billion of the total $2.7 trillion spent in the American healthcare system. By the end of the decade, hospitals are predicted to generate well over a trillion dollars in revenue.

To date, the hospital sector has found its success in the steps it has taken to both vertically and horizontally integrate. Hospitals have moved from simply providing emergency and ambulance services to include and offer primary care, long-term care, and specialist care to their patients. With these all-inclusive services, hospital networks are poised to be the dominant choice for any kind or creed of health service.

The Promise of IoT and Big Data

The cardiovascular device sector is working on technologies designed to reduce instances of death and increase the longevity and quality of life for those afflicted with cardiac diseases.

In an increasingly consumer-driven industry, hospitals can satisfy the higher value that patients demand while reducing costs by turning to technology. Electronic Health/Medical Records (EMR/EHR) are emerging as central to providing high-value, low-priced care. EMRs allow for an integrated system that promises access to a variety of physicians and providers across a patient’s healthcare network.

Such a system means that a patient’s entire healthcare network is providing a comprehensive, collaborative approach to an individualized treatment and care. The digital nature of EMRs combined with increased sensor and wearable health tech means that patients are able to input their own data, vitals, and stats into their health record so their care team can carefully and effectively monitor the status of their patients.

EMRs help to reduce hospital costs and readmission rates by approaching healthcare through a “preventative” lens. Rather than simply treating symptoms of diseases, the monitoring capabilities of digital technologies enriching EMRs allow healthcare providers to prevent illnesses from escalating, reducing or even eliminating the need for hospital admissions. IoT and integrated data platforms in EMR are looking more and more to provide the answer to how hospitals can remain competitive and cost-effective without sacrificing quality in a changing consumer-based healthcare market.





The Challenge of Consumerism

With the advent of the Affordable Care Act (ACA), access to hospital facilities and services has flourished as more Americans find low-cost access to healthcare. Greater access and choice in care plans has led to individuals demanding transparency and on-demand access in their healthcare.

The hospital industry, and healthcare in general, is being shifted towards a consumer-driven market where the demands of patients and payers are changing and innovating the sector. Over the past ten years, more and more of the cost of healthcare has shifted to consumers, where they are now paying around 30% or more of the cost in the form of higher deductibles. As the cost of healthcare shifts more to consumers, they are demanding greater value in their care at a reduced cost.


Saritasa: Your Digital Hospital Systems Tech Partner

Saritasa efficiently implements the design, development, and integration of complex technologies to deliver cost-effective software systems and mobile-to-medical device connectivity solutions that are FDA/HIPAA compliant.

Founded in 2005 and located in Newport Beach, CA, Saritasa has increasingly become the single-point-of-contact to deliver end-to-end solutions that integrate IoT, Mobile Apps, Medical Device Connectivity Solutions, Cloud Services Integrations, Big Data, Analytics, and Reporting Solutions.

Our clients include some of the leading Medical Device makers that have come to rely on our expertise, reliability and speed for bringing innovative ideas to reality. To date, our innovative team of 140+ designers, developers, engineers, and project managers has delivered hundreds of successful software, hardware, and mobile app projects to the Medical Device industry.


White Paper: The Digital Transformation of 21st Century Hospitals



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