Healthcare software companies are on a roll

Jun 28
07:51

2012

sammy smith

sammy smith

  • Share this article on Facebook
  • Share this article on Twitter
  • Share this article on Linkedin

The Affordable Care Act with its radical reforms and mandates resulted in the launching of quite a few healthcare IT firms that have become established players in the market today.

mediaimage
Capitalizing on the benefits of information technology and internet to power the operations of the insurance companies and carriers and increase the ease of access to health plans for average consumers,Healthcare software companies are on a roll Articles is one of the most radical and futuristic ideas proposed by the ACA. Setting up web-based e-commerce portals where insurers can market their health products and end consumers can purchase health insurance as easily as purchasing any other product off Amazon.com, is indeed brilliant brain work.
The US healthcare industry was waiting for healthcare reform that can help millions of uninsured citizens to receive health insurance and can help the US insurers and carriers to adopt measures for improving the quality of dispensed care and contain rising healthcare costs. Healthcare IT companies on their part are designing sophisticated software suite that comes equipped with smart & automated applications that can help insurers organize their data better and adopt best resource efficient practices for managing in-house and front-end operations and services.
Understanding the operational challenges of healthcare firms, healthcare software companies are coming up with collection of automated applications offered under a single package that not only helps in automating the common insurance related processes such as claims filing, underwriting, policy management etc. and other resource management related processes.
The Affordable Care Act has mandated every US state to set up online health insurance exchanges and has allowed insurers to participate in the exchange and market their health products through the exchange to, projected millions of exchange customers. Healthcare IT companies have therefore introduced exchange connectivity solutions that can help insurers to easily connect to state exchanges for selling their health products through them.
The market of opportunities for healthcare industries to grow is huge and with the latest advancements and upcoming social media trends in healthcare, the potential of healthcare IT companies is expected to grow by leaps and bounds.
The advent of smart phones in the healthcare market has opened up new markets for healthcare IT companies and health insurers to explore and venture into. A sizable portion of America's populace uses smart phones and a significant percentage of these users use these smart phones to access health and wellness related sites, as one report recently identified. Healthcare IT companies are projected to aggressively tap into this huge market to capture the well-informed and internet savvy healthcare consumers.
While there is uncertainty in the US healthcare market about the outcome of the Affordable Care Act that is awaiting Supreme Court ruling on its constitutionality, most healthcare companies have realized and experienced the increased efficiencies in their work throughput owing to the automation of their several insurance administrative purposes. So, it can be reasonably inferred that even if the Affordable Care Act gets rules unconstitutional by the Supreme Court, the healthcare software companies would not get significantly impacted.