The Need For Healthcare Asset Management

1. The Need For Healthcare Asset Management Email Us: info@hbgknowledge.com

2. What is Healthcare Asset Management? Healthcare asset management is a platform that provides medical facilities in an easy and accessible way. It helps the medical staff to manage their patient’s records, locate medical equipment, to access the maintenance records, and determine the current or running state of every equipment. • The main focus of every healthcare company or business is to take care of their patients especially while operating and during treatments. With so many issues to handle, it is a must for hospitals to have efficient healthcare asset management. The time and money saved with the help of it are secondary, the first and foremost aid and management are for the patients’ records and their care. • With the help of proper healthcare management technology, hospitals are able to prevent human and recurring errors, they are able to save lives and their efficiency is increased by reducing cost and possible human errors. This technology helps hospitals to stay organized and avoid any kind of error or even human lives. • Email Us: info@hbgknowledge.com

3. Importance of Healthcare Asset Management • There are a number of things that have to be managed and looked after when it comes to hospital management. From proper storage and tracking of medicines to keeping safe the lab samples, from controlling the high operational cost to being efficient, all these factors need management. • Especially, the need for healthcare asset management arises because some studies show that due to medical errors, it is now recorded as the third leading cause of death in the US. It is prevalent that medial errors and human errors can occur, to manage them a vital management technology ought to be used. As per WHO, 116,000 deaths occurred, due to pharmaceutical counterfeits in Sub- Saharan Africa. • Such errors if not controlled or looked after can harm the industry into an operational slowdown and some serious medical consequences when patients are involved. And if this is thought to be controlled with the help of database systems, excel, or paper records, then the damage is for sure to hit that hospital. What one needs is a complete asset management platform. Email Us: info@hbgknowledge.com

4. Global Healthcare Asset Management Market • The demand has a certain hand in the growth of the Globa Healthcare Asset Management but the main benefit of automation lies in the opportunities it provides in industries, how it enhances the operations, reduces costs, and prevents errors. • The global healthcare management market can be segmented into a number of sectors based on products (Infrared and Ultrasound Tags, Real-time location systems, etc), geography (North America, Asia- Pacific, Africa, Europe, etc), application (pharmaceutical asset management, hospital asset management), etc. • • As per the Data Bridge Market Research, the Global Healthcare Asset Management Market is expected to reach USD 37,642 million by 2025, from USD 7,500 million in 2017 growing at a CAGR of 34.6% during the forecast period of 2018 to 2025. • The fastest-growing region in which the Global healthcare asset management market is gaining speed in the Asia-Pacific region due to its high adoption of technology and Artificial Intelligence. Also, the larget market is found in the North-America. Email Us: info@hbgknowledge.com

5. The Healthcare Asset Management Amid Coronavirus Technology plays a crucial role in not just all sectors amid issues, but, it is also providing a huge helping hand amid the pandemic Coronavirus Outbreak. • Where AI is being used to make unmanned deliveries possible, the healthcare asset management is being used to control and keep a track of the surge in the COVID-19 patients. • The Coronavirus is highly contagious in nature and due to this, the number of infected cases is swarming the hospitals making it impossible for the hospital staff to even take a break of 15mins. Think of such a situation where the whole globe is under lockdown, the cases are increasing with the day, and the tests done provides the right answer. With millions of population, it is difficult to keep track and record the list of infected to non- infected cases, the severely affected to the mild cases, the death rate and number recording, etc. • In such cases, 10 human hands would be useless because those 10 hands ought to be over the vare for patients and not for keeping track of records of course. That’swhere the technology slides in with its aid, exactly that’s why one needs the healthcare asset management platform. • Email Us: info@hbgknowledge.com

6. The Consequences Of A Poor Healthcare Asset Management Amid Coronavirus Many healthcare businesses have yet not utilized the fruit of a proper and efficient healthcare asset management platform and there are sundry consequences attached to it that includes: Medication: The issues that can arise in the medication sector are administering the wrong medication or running out of vital drugs or medication theft. All these issues can only be secured and prevented when an asset management platform is used to keep a track of them. • The losing of the Lab samples: Lost or mixed samples of patients can cause serious damage amongst the hospital staff for it won’t only delay the whole treatment procedure, it might affect the health of the patient. • • • High Operational Cost: Failure in tracking the assets can lead to a very high operation cost and it is obviously one of the reasons a sector lacks due to the other. So, in order to gain zero cut-offs and casual growth, the adoption of healthcare asset management is a must. • Email Us: info@hbgknowledge.com

7. About High Beam Global High Beam Global is a full-service Market Research Firm in India, dedicated to delivering quality performance by matching the right need with the correct solution. We partner with clients in all sectors and regions to offer world-class data collection, reporting, and analytics solutions. • Our service offerings include multi-mode Data Collection (both quantitative and qualitative techniques), Survey Programming & Hosting, Data Processing, and Analytics. High Beam Global combines a client-focused approach with robust project management to offer a unique experience to its clients. With our rich experience in industries like Healthcare, Information Technology, and Industrial Products (to name a few), High Beam Global helps its clients to provide quality insights on targeted and potential markets, brand health, consumer preferences, and other market dynamics. • After delivering over 800 successful projects in the last 9 years, High Beam Global has emerged as a strong and reliable partner for companies ranging from boutique research agencies, management consulting firms, market research firms, and other industrial corporations, globally. • Email Us: info@hbgknowledge.com

8. About High Beam Global High Beam Global is a full-service Market Research Firm in India, dedicated to delivering quality performance by matching the right need with the correct solution. We partner with clients in all sectors and regions to offer world-class data collection, reporting, and analytics solutions. • Our service offerings include multi-mode Data Collection (both quantitative and qualitative techniques), Survey Programming & Hosting, Data Processing, and Analytics. High Beam Global combines a client-focused approach with robust project management to offer a unique experience to its clients. With our rich experience in industries like Healthcare, Information Technology, and Industrial Products (to name a few), High Beam Global helps its clients to provide quality insights on targeted and potential markets, brand health, consumer preferences, and other market dynamics. • After delivering over 800 successful projects in the last 9 years, High Beam Global has emerged as a strong and reliable partner for companies ranging from boutique research agencies, management consulting firms, market research firms, and other industrial corporations, globally. • Email Us: info@hbgknowledge.com

9. About High Beam Global High Beam Global is a full-service Market Research Firm in India, dedicated to delivering quality performance by matching the right need with the correct solution. We partner with clients in all sectors and regions to offer world-class data collection, reporting, and analytics solutions. • Our service offerings include multi-mode Data Collection (both quantitative and qualitative techniques), Survey Programming & Hosting, Data Processing, and Analytics. High Beam Global combines a client-focused approach with robust project management to offer a unique experience to its clients. With our rich experience in industries like Healthcare, Information Technology, and Industrial Products (to name a few), High Beam Global helps its clients to provide quality insights on targeted and potential markets, brand health, consumer preferences, and other market dynamics. owledge/ • https://www.facebook.com/hbgkn https://www.linkedin. com/company/high- beam-global/ https://twitter.com/hbgknowledgehub After delivering over 800 successful projects in the last 9 years, High Beam Global has emerged as a strong and reliable partner for companies ranging from boutique research agencies, management consulting firms, market research firms, and other industrial corporations, globally. • https://www.hbgknowledge.com