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Healthcare:
Healthcare Industry in general has faced the following
challenges:
- Pressure to eliminate Medical Errors speeds up
the adoption of new technology.
- Continued Pressure to Cut Costs has affected operations
(and possibly quality of care.)
- Organizations are growing and changing-and that's
not always a good thing for Operational Resilience
and Informational Availability.
- Tight Budgets Create Demand for Additional Cost-benefit
Analysis and End-users May Still Not Purchase
- Interdependencies among organizations-providers,
payers, insurers, patients, hospitals-continue to
grow in complexity.
- The Competition for Patients is fierce-and meeting
standards is a good differentiator.
- Security and HIPAA is a top priority for healthcare
providers.
Teamsoft offers solutions to meet the above challenges
while delivering high-quality healthcare services
at lower costs.
The healthcare industry is broadly classified into
payers and providers. The payers provide processing
information for payouts and are hence, tech savvy. The
providers, on the other hand, invest in medical technologies
such as medical equipment and clinical applications
to provide better care to the patients. Providers generally
have very high overheads and also do not have a very
balanced payment cycles from payers. Due to which they
get conservative about investments in administrative
technologies such as Hospital Information Systems.
However, regulations in the industry, such as HIPAA
and 21CFR11, and the ability of technology to drive
down processing costs in the long run have opened the
doors for providers to undertake large-scale IT initiatives.
Services
Domain Services
| Health
Providers |
| Hospital Information Systems: Financials,
HRMS, Supply Chain, Patient Management, Medical
Records Mgmt. systems, Medical Reports systems |
| Clinical Systems: Lab, Pharmacy, Blood bank |
|
| Health
Insurance |
| Claims Systems |
| Policy Administration |
| e-Health portals |
|
| Healthcare
TPAs |
| Claims Processing |
| Accounts Receivables |
| Accounts Payables |
|
Technology Services
- Application Development and Management
- Enterprise Solutions
- PeopleWare: HR-IT Solutions
Value Proposition
- Focus on improving existing service levels, while reducing costs
- 25-40% cost savings in Application Development, Implementation & Maintenance
- Specialized expertise in porting Legacy Applications to Client-Server Technologies
- Value-added services such as HIPAA compliance for Claims Processing
- Domain expertise in the Healthcare space
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