Thursday, 14 November 2013

Healthcare IT – Current scenario and Career prospects

If it is said that healthcare IT is the most promising area in terms of career growth there are valid reasons for this. In recent years healthcare IT has shown tremendous investments and growth. Also it is among the few fields which are free from the impact of the recession. Earlier the healthcare professionals were skeptical about the career growth and prospects in Healthcare  IT  but the now  the scenario has changed.

The greatest boom is because of the adoption of  EMR. Talking globally  , most of the hospitals in US demonstrate significant use of the electronic health records. This includes implementation ,use of e prescription and ability of the IT systems to send EMR data  electronically to public health agencies. Under the American Recovery and Reinvestment Act (ARRA) of 2009 the Health Information Technology for Economic and Clinical Health (HITECH) Act set aside $19 billion for hospitals and physicians who demonstrate meaningful use of electronic health records.  The Indian healthcare providers plan to spend Rs. 5700 Crore ($ 897.64 million) on IT in 2013, a 7% rise over 2012 revenues of Rs. 5300 Crore ($ 834.65 Million) as per a report by Gartner.

The second significant thrust behind healthcare IT growth is the tenth revision of the International Statistical Classification of Diseases and Related Health Problems, or ICD-10. ICD -10 affects coding for everyone covered by the Health Insurance Portability and Accountability Act (HIPAA). ICD-10 codes are to be used on all HIPAA transactions. Preparing for ICD-10 is a lot of work for most health organizations: the potential of updated software to install, staff training, changes in business operations, internal and external testing, reprinting of manuals to make this transition happen, the healthcare industry needs skilled healthcare IT people.

For healthcare managers a career in healthcare IT can be financially lucrative. But one should be ready to adapt to the continuous change particularly in the area of technology. The entry level position offered by various IT companies is that of a healthcare business analyst. Business analyst should possess a strong knowledge of Healthcare domain (claims, contracts, health insurance). Analysts gather data and conduct researches. After the research is complete, groups of healthcare business analysts may reconvene, review findings and investigate potential solutions. The growth trajectory is followed by the positions of Associate consultants , consultant and Principle consultant. Also there are prospects of working onsite.
Health care industry is gearing up really fast to proceed to the next level of technology with the improvised use of IT. Choosing a career in healthcare IT provides opportunity to grow individually along with the growing industry.


Ms . Neha Bhagatkar
Assistant Professor

MBA –HHM ( SIHS)


References
http://www.healthcareitnews.com

No comments:

Post a Comment