healthcare - Blog - Global Risk Community2024-03-29T13:44:59Zhttps://globalriskcommunity.com/profiles/blogs/feed/tag/healthcareLaboratory Informatics Market Share and Forecast Report, 2030https://globalriskcommunity.com/profiles/blogs/laboratory-informatics-market-share-and-forecast-report-20302024-03-29T09:08:27.000Z2024-03-29T09:08:27.000ZPramod Kumarhttps://globalriskcommunity.com/members/PramodKumar<div><p>The<strong> <a href="https://www.psmarketresearch.com/market-analysis/laboratory-informatics-market" target="_blank">laboratory informatics market</a></strong> had the revenue of USD 4,376.2 million in 2023, which will power at a rate of 11.4% by the end of this decade, reaching USD 9,176.6 million by 2030.</p><p>The development of this industry is mostly powered by the increase in the requirement for laboratory automation, along with for biobanks/biorepositories and an increase in R&D expenditure in the biotech and pharma sectors.</p><p>On the basis of product, LIMS had the largest share, of 30%, in 2023, and it will continue to lead the industry in the years to come as well. These systems provide functionalities for master data management, sample lifecycle reporting, system & security administration, scheduling, instruments, inventory, storing capacity, analytical workflow, and logistics.</p><p>In the years to come, the requirement for completely integrated services will increase to decrease data management errors and improve the qualitative analysis of research findings.</p><p>Furthermore, as a result of its compensations such as inventory tracking without losses, effective sample management, automatic reporting, efficient workflows, and automated data exchange, industries are accepting this management system widely.</p><p><strong>Download free sample copy of this report: <a href="https://www.psmarketresearch.com/market-analysis/laboratory-informatics-market/report-sample" target="_blank">https://www.psmarketresearch.com/market-analysis/laboratory-informatics-market/report-sample</a></strong></p><p>On the basis of delivery mode, the cloud-based category will have the leading share, in the years to come. This is for the reason that cloud-deployed LIMs free up space on on-premises computer devices, by stowing vast amounts of data offsite, which likewise makes it easier to retrieve it when it is required by the clients.</p><p>Cloud-based LIMs can be availed in 3 ways, PaaS, IaaS, and SaaS. On the SaaS platform, IBM offers its Watson Analytics services. Additionally, Lab Vantage Solutions Inc. and Core Informatics provide cloud-based services for LIMS.</p><p>Moreover, web-based LIMS solution users get them from web servers through the internet protocol. 4 components of web-based solutions are, a web server, internet access, data administrator, and a software coding system.</p><p>The benefit of making use of the internet and web-based services is accessing the data from the most-remote locations, making the use of just a computer or monitoring apparatus in laboratories.</p><p>Europe follows the laboratory informatics market in the North American region, in terms of revenue as a result of the existence of notable research institutions and regional players. Moreover, the region has many growing economies, which allows for investments in novel technologies for labs.</p><p>Furthermore, the development in the count of biobanks, easy accessibility of lab informatics products and services, and strict regulatory needs for product safety and efficiency across industries power the industry</p><p>It is because of the increase in demand for lab automation all over the world, the demand for laboratory informatics solution is on the rise. This trend will continue to grow in the tears to come as well.</p></div>Clinical Alarm Management Market Growth, Development and Forecast Report, 2030https://globalriskcommunity.com/profiles/blogs/clinical-alarm-management-market-growth-development-and-forecast-2024-02-27T09:12:05.000Z2024-02-27T09:12:05.000ZPramod Kumarhttps://globalriskcommunity.com/members/PramodKumar<div><p>As per a <strong><a href="https://www.psmarketresearch.com/market-analysis/clinical-alarm-management-market" target="_blank">report</a></strong> by P&S Intelligence, the clinical alarm management market generated a value of USD 3,201 million in 2022, and it will touch USD 7,013 million, advancing at a 10.30% CAGR, by 2030.</p><p>The growth in the industry is credited to the, increasing healthcare requirement, rising disease incidence, mounting elderly population, and the growing number of government initiatives in developing and developed countries for the adoption of medical alarms.</p><p>Moreover, due to the growing investment in IP-based nurse call systems and wireless technologies will boost the growth of the industry in the years to come.</p><p>In 2022, the nurse call systems category accounted for the largest clinical alarm management market share, at more than 26%. This is credited to the fact that product advances fueled by wireless and automation technology, along with the desire to improve clinical workflow and decrease operational costs for the medical institution, while increasing the implementation of the existing resources.</p><p>Moreover, the EMR integration systems category will observe the highest growth rate, of approximately 10.6%, in the years to come, owing to the increasing digitalization rate in healthcare, rising interoperability across digital healthcare solutions, and mounting adoption of EMR and EHR solutions from clinics to hospitals.</p><p>The bed alarm category will grow significantly in the years to come, owing to the quick and easy access to patient healthcare information provided by this alarm, as well as the extensive adoption of these alarms to determine health conditions by older populations.</p><p>In 2022, the solutions category, based on component, accounted for the larger share of the industry. This is credited to the fact that connected care technologies are being implemented increasingly in healthcare.</p><p>In 2022, the North American clinical alarm management industry accounted for the largest share, at more than 46%. This is credited to its production of new products, enhanced healthcare system, rising occurrences of alert fatigue, the existence of key players, and advantageous healthcare regulatory environment in both Canada and the U.S.</p><p>Moreover, the APAC clinical alarm management industry will exhibit the highest growth rate in the years to come. This is credited to the increasing number of patients visiting nursing homes and outpatient clinics, as well as the existence of a large elderly population in the region.</p><p>Additionally, the increasing healthcare investment in China, Japan, India, and Australia will fuel the expansion of the industry in the years to come.</p><p>Hence, with the increasing requirement for healthcare, the mounting population of the elderly, and the growing occurrence of disease, the clinical alarm management industry will continue to grow in the years to come.</p></div>North America Is Dominating Pyrogen Test Markethttps://globalriskcommunity.com/profiles/blogs/north-america-is-dominating-pyrogen-test-market2024-01-11T08:43:58.000Z2024-01-11T08:43:58.000ZPramod Kumarhttps://globalriskcommunity.com/members/PramodKumar<div><p>Revenue of USD 1,406.4 million was generated in the <strong><a href="https://www.psmarketresearch.com/market-analysis/pyrogen-testing-market-report" target="_blank">global pyrogen test market</a></strong> for 2023, which is expected to grow at a compound annual growth rate of 7.3% over the period from 2024 to 2030 and reach USD 2,284.2 million. This growth of the market can be credited to the increasing acceptance of pyrogen testing within the biopharmaceutical sector.</p><p>Furthermore, the rising development in the biotechnology and pharmaceutical industries along with the increasing count of new biologics research and introductions is projected to fuel the demand for these testing for making safe and better drugs.</p><p>Pyrogen testing is a vital step for each medication and therapeutics to make it safer and more effective. Surge in the count of cancer cases and hereditary illnesses, modified treatments attained benefits in the treatment of these diseases.</p><p>Tailored medicine has the benefit that it uses people’s hereditary profiles to aid in decision-making for the prevention, diagnosis, and treatment of illnesses. Therefore, patients and businesses are quickly accepting modified drugs. Furthermore, modified treatment-based methods to clinical and genomic features are becoming more popular among patients with cancer and immunologic sicknesses. Hence, the increasing need for modified drugs is one of the key reasons propelling the demand for pyrogen testing solutions.</p><p>On the basis of the end user, the category of pharmaceutical and biotechnology companies accounted for the largest revenue share of 35% in 2023 and is expected to remain so in the future. This has been driven by the increase in the manufacturing of medicines, biologics, and new drugs as well as a growing demand for pyrogen testing. In addition, the market growth in this category is being driven by a growing preference for personalized medicine as well as an increasing incidence of infectious and chronic diseases.</p><p>The foremost sales generator in 2023, North America accounted for the highest market percentage of 55%. That is due to the continuing growths in biotechnology and pharmaceutical wherein cookies are used to make your experience better. Other key factors that have contributed to the increase of the local marketplace consist of an extended pipeline of prescribed drugs, an upward thrust in drug approvals as well as growing awareness about product safety and food security.</p><p>In the North American region, the U.S. dominates the industry. This is mainly because of the existence of advanced healthcare infrastructure, augmented concentration on new drug growth, and the presence of key biotechnology and biopharmaceutical companies, like Pfizer Inc. and F. Hoffmann-La Roche AG, in the country.</p><p>Furthermore, Canada is also generating substantial revenue for the North American industry. This can be credited to the rising pharmaceutical and biotechnology sector, the rising awareness regarding the safety of medications, and the growing R&D activities in the country.</p></div>In-Depth analysis of powder metallurgy markethttps://globalriskcommunity.com/profiles/blogs/in-depth-analysis-of-powder-metallurgy-market2022-12-12T11:36:49.000Z2022-12-12T11:36:49.000ZMd Talib Hussainhttps://globalriskcommunity.com/members/MdTalibHussain<div><img src="https://storage.ning.com/topology/rest/1.0/file/get/10908323680?profile=RESIZE_400x&width=400"></div><div><p>With the use of the metal-forming process known as powder metallurgy, metal can be reduced to powder and then used to create special materials. The products created with powder metallurgy are hand tools, hydraulics, industrial equipment, and hardware. Many products, including kitchen appliances and ceiling fans, can be made using powder metallurgy. </p><p> </p><p>The market worth of powder metallurgy in 2021 was USD 2.63 billion and will reach <a href="https://www.strategicmarketresearch.com/market-report/powder-metallurgy-market">USD 7.60 billion</a> by 2030, growing at a 12.5% CAGR during 2021-2030.</p><p> </p><p><strong><u>Market Dynamics</u></strong></p><p> </p><p><strong>Drivers</strong></p><p> </p><p><strong>Increased government initiatives and urbanization will enhance market growth.</strong></p><p> </p><p>Rapid urbanization and rising disposable income boost customers' spending power, which raises the demand for consumer electronics items and broadens the market's potential for growth for vendors and producers of power metallurgy during the projection period. The powder metallurgy market will have progressive growth prospects due to the developing manufacturing sector and rising government initiatives to support that sector's expansion.</p><p> </p><p><strong>Increasing demand from the automotive industry will boost market growth</strong>.</p><p> </p><p>Powder metallurgy is used in the automotive sector for a variety of purposes. The market today demands more than a robust component, and components are now fighting to meet the lightweight requirement due to the changing industrial landscape. The ability of car manufacturers to design mechanical parts with various compositions allows for great precision and minimal material waste. Additionally, the emerging market for autonomous driving vehicles (ADV) is growing in popularity and opening up new markets for high-quality automotive components, particularly in developing nations like China, which has prioritized this industry for <a href="https://www.strategicmarketresearch.com/market-report/power-tools-market">development</a>.</p><p> </p><p><strong>Restraints</strong></p><p> </p><p>Metal 3D printers use various materials, including powder metallurgy, to produce various end products. It costs more than materials employed in conventional production processes. The stainless steel used in additive manufacturing is a hundred times more expensive than commercial-grade stainless steel used in conventional manufacturing, costing roughly USD 8.0 per square centimeter.</p><p> </p><p><strong>Opportunities</strong></p><p> </p><p>In order to meet the continuously expanding demand for a variety of drivetrain applications, particularly Powertrain, powder metallurgy includes a wide range of methods with specifically developed metal powders. The PM process chain enables energy-efficient manufacturing of the powertrain components, which results in a green (environmentally friendly) manufacturing process. Therefore, PM/powder metal powertrain components are a highly effective means of cost reduction. This, in turn, will provide several prospects for <a href="https://www.strategicmarketresearch.com/market-report/green-hydrogen-market">market advancement</a> in the future.</p><p> </p><p><strong><u>Market Segmentation</u></strong></p><p> </p><p><strong>Material Insights</strong></p><p> </p><p>In 2020, the steel segment held the largest market position, with 46.8% of the revenue share, owing to the ease of accessibility and affordability. The expanding usage of steel powder for various applications in numerous industries and the use of steel in the 3D printing of major objects like machinery, automobile frames, and transportation equipment drives the segment's overall expansion.</p><p> </p><p><strong>Process Insights</strong></p><p> </p><p>On the basis of processes, the market is segmented into additive manufacturing, metal injection molding, Powder metal hot isostatic pressing, and others.</p><p>The largest market share was contributed by the powder metal hot isostatic pressing in 2020, with 55% of the revenue share. The demand for PM HIP will increase as a result of the increased machining efficiency provided by PM HIP and the potent combination of improved raw materials.</p><p> </p><p><strong>Application Insights</strong></p><p> </p><p>On the basis of application, the market for powder metallurgy is segmented into aerospace, industrial machinery, electrical & electronics, automotive, and others.</p><p>The automotive segment ruled the entire market in 2020 with a 3.8% CAGR. Because of their regulated porosity and self-lubricating capabilities, they can filter gases and liquids and create mechanical parts with a wide range of compositions, such as metal-metal and metal-non-metal combinations. It also allows for the production of automobile parts with extremely little scrap and waste material, exceptional dimensional precision, and uniformity in characteristics and measurements. </p><p> </p><p><strong><u>Regional Insights</u></strong></p><p> </p><p>In 2020 North America held a dominant market position with the largest share of 36.5% due to rising demand from the aerospace and defense industries. Strong defense spending in the United States and the sizeable government and commercial aerospace sectors will fuel market growth. </p><p>Europe's strict fuel efficiency regulations will stimulate the need for lightweight powder metallurgy components in the aerospace and automotive industries. Germany, a leader in industrialization and the adoption of new technologies, ruled the regional European market in 2021. It has 148 research institutions actively working to advance additive manufacturing, which is anticipated to be crucial in boosting the local market's growth.</p><p> </p><p><strong><u>Key Players </u></strong></p><p> </p><ul><li>Hoganas AB</li><li>GKN Plc</li><li>Sandvik AB</li><li>Carpenter Technology Corporation</li><li>Rio Tinto Metal Powders</li><li>POLEMA</li><li>Carl Schlenk AG</li><li>Allegheny Technologies IncorporatedAdvanced Technology & Materials Co. Ltd.</li><li>American Chemet Corporation</li><li>Hitachi Chemical Co., Ltd</li><li>LIBERTY Steel Group</li><li>ATI </li><li>Metaldyne Performance Group Inc.</li><li>Sumitomo Electric Industries, Ltd</li><li>Miba AG</li><li>Molyworks Materials Corporation</li><li>JSC Polema</li></ul><p> </p><p> </p><p>The market worth of powder metallurgy in 2021 was USD 2.63 billion and will reach USD 7.60 billion by 2030, growing at a 12.5% CAGR during 2021-2030. Increasing middle-class income, combined with rapid urbanization, drives demand for autos and consumer electronics products, propelling market expansion during the projection period. Furthermore, technological developments and increased investment in research & development are accelerating the growth potential for vendors and manufacturers.</p></div>Detailed overview of cardiac arrhythmia monitoring devices markethttps://globalriskcommunity.com/profiles/blogs/detailed-overview-of-cardiac-arrhythmia-monitoring-devices-market2022-12-12T08:34:26.000Z2022-12-12T08:34:26.000ZMd Talib Hussainhttps://globalriskcommunity.com/members/MdTalibHussain<div><img src="https://storage.ning.com/topology/rest/1.0/file/get/10908168292?profile=RESIZE_400x&width=400"></div><div><p>Patient’s heart condition is continuously observed with the help of cardiac monitoring devices. These tools are frequently used in intensive care units and emergency rooms, especially to monitor the rate of heartbeats in arrhythmias. Holter monitors, event monitors, loop monitors, and insertable cardiac monitors are examples of common cardiac monitoring equipment types. Blood pressure, cardiac output, intravascular pressures, arterial blood oxygen saturation, and blood temperature are additional parameters that cardiac monitors noninvasively monitor.</p><p> </p><p>The market for cardiac arrhythmia monitoring devices in 2021 was USD 24.01 billion and will be worth <a href="https://www.strategicmarketresearch.com/market-report/cardiac-rhythm-management-devices-market">USD 35.41 billion</a> by 2030, growing at a 4.41% CAGR during 2021-2030.</p><p> </p><p>Globally increasing rates of serious cardiovascular illnesses will fuel market expansion. The World Health Organization (WHO) estimates that 17.9 million fatalities worldwide occur yearly due to cardiovascular illnesses.</p><p>People with severe CVD are more likely to experience arrhythmic disorders like tachycardia and bradycardia, which call for ongoing monitoring to prevent unexpected heart failure. The demand for cardiac arrhythmia monitoring equipment will expand significantly throughout the analysis as the prevalence of cardiac diseases rises.</p><p> </p><p>Most individuals with high arrhythmic risk are monitored with cardiac arrhythmia monitoring equipment. These tools support medical personnel in monitoring irregular heartbeats for better CVD patient diagnosis and therapy to lower associated fatalities.</p><p> </p><p><strong><u>Drivers</u></strong></p><p> </p><p><strong>The advancement of technologically improved and novel products will drive the cardiac arrhythmia monitoring devices market.</strong></p><p> </p><p>The development of technologically improved monitoring tools, such as wireless monitors that benefit from early detection, will accelerate industry growth. Due to longer life expectancies and ongoing technological <a href="https://www.strategicmarketresearch.com/market-report/hormone-replacement-therapy-market">improvements</a> that have increased their capabilities and use, cardiac rhythm monitoring (CRM) devices have considerably increased in recent years. The rate of product approval in developed markets is increasing due to recent advancements in CRM devices, which will further boost industry growth potential.</p><p>For instance, Medtronic has gotten permission for its specialized CareLink SmartSync Device Manager, which helps medical professionals manage and program data from its implanted CRM device with BlueSync.</p><p> </p><p>However, factors like the high price of these monitoring devices, the lack of specialists with the necessary skills, and the unfavorable side effects of some cardiac monitoring systems may prevent the market from expanding.</p><p> </p><p><strong><u>Opportunity</u></strong></p><p> </p><p>Governments worldwide are investing in the technological advancements of cardiac arrhythmia monitoring devices, which in turn offers various opportunities for the market in the upcoming period. This is due to the <a href="https://www.strategicmarketresearch.com/market-report/atherectomy-devices-market">continuous rise</a> in cardiovascular diseases. </p><p><strong><u> </u></strong></p><p><strong><u>Market Segmentation</u></strong></p><p> </p><p><strong>Product Insights</strong></p><p> </p><p>On the basis of product, the market for cardiac arrhythmia monitoring devices is segmented into a Holter monitor, MCT or Mobile cardiac telemetry, ECG devices, Event monitor, COM or Cardiac output monitoring, highly advanced ECG monitors, and Implantable loop recorders.</p><p>The Holter monitor segment recorded the largest market share in 2021 and generated revenue of USD 2.8 billion. This is mostly due to the higher incidence of numerous diseases brought on by an increase in the intake of bad foods and unbalanced lifestyles, which negatively affect cardiac health and lead to various types of coronary artery blockages and cardiac arrests.</p><p> </p><p><strong>Type Insights</strong></p><p> </p><p>On the basis of type, the market for cardiac arrhythmia monitoring devices is segmented into defibrillators and pacemakers.</p><p>The defibrillators <a href="https://www.strategicmarketresearch.com/market-report/hip-replacement-implants-market">market segment</a> held the largest market share in 2020. It is mainly due to the factors like increasing cases of cardiovascular diseases and technological advancement in defibrillators.</p><p> </p><p><strong>End-User Insights</strong></p><p> </p><p>On the basis of end-user, the market for cardiac arrhythmia monitoring devices is segmented into clinics, hospitals, cardiac centers, ambulatory surgical centers, and others.</p><p>In 2021, the hospital segment was the largest market, with a share of 45%. The rising rate of cardiac arrhythmias globally and an aging population will push hospital admission rates for treatment.</p><p> </p><p><strong>Application Insights</strong></p><p> </p><p>On the basis of application, the market for cardiac arrhythmia monitoring devices is segmented into atrial tachycardia, ventricular tachycardia, and tachycardia.</p><p>The atrial Tachycardia segment held a maximum position in the market in 2021. It is a form of supraventricular tachycardia that benefits from aggressive therapy. Devices for monitoring cardiac arrhythmias are essential for improving illness diagnosis and treatment. The market for cardiac arrhythmia monitoring devices will experience rapid expansion in the near future due to the rising risk of tachycardia.</p><p> </p><p><strong>Regional Insights</strong></p><p> </p><p>Asia Pacific was the highest regional market in 2021, generating the highest revenue of USD 1.2 billion. Growing patient populations and technological advancements, such as portable and mobile monitoring devices, will drive market demand. The regional market will experience an increase in revenue due to the growing availability of wearable, home-based arrhythmia monitoring devices. Additionally, the region's business landscape will be driven by the leading and emerging companies expanding operations due to the strong growth potential and larger patient population.</p><p> </p><p><strong><u>Key Players</u></strong></p><p> </p><ul><li>Abbott Laboratories (US)</li><li>Koninklijke Philips (Netherlands)</li><li>BIOTRONIK(Germany)</li><li>Boston Scientific</li><li>Medtronic</li><li>Shenzhen Mindray bio–Medical Electronics</li><li>GE Healthcare</li><li>BPL Medical Technologies</li><li>SCHILLER AG</li><li>MicroPort Scientific corp</li><li>BioTelemetry</li><li>Hill-Rom Holdings</li><li>OSYPKA</li><li>Shree pacetronix</li><li>MeTrax GmbH (Deutschland)</li><li>Asahi Kasei corp</li><li>Nihon Kohden</li><li>ACS Diagnostics</li><li>Narang Medical Limited</li><li>Amiitalia</li><li>Lepu Medical Technology</li><li>RhythMedix</li><li>Progetti Srl</li><li>Been Cardio</li><li>Coala Life</li><li>Alivecor, Inc.</li></ul><p><strong> </strong></p><p>The market for cardiac arrhythmia monitoring devices in 2021 was USD 24.01 billion and will be worth USD 35.41 billion by 2030, growing at a 4.41% CAGR during 2021-2030. The market for cardiac arrhythmia monitoring devices is expected to grow due to several factors, including improvements in technology, rising cardiovascular disease rates, and rising demand for affordable ECG devices.</p></div>How Six Sigma is transforming the healthcare system - 6sigma.ushttps://globalriskcommunity.com/profiles/blogs/how-six-sigma-is-transforming-the-healthcare-system-6sigma-us2021-12-23T09:59:37.000Z2021-12-23T09:59:37.000ZRobson Tolsonhttps://globalriskcommunity.com/members/RobsonTolson<div><img src="https://storage.ning.com/topology/rest/1.0/file/get/9939028091?profile=RESIZE_400x&width=400"></div><div><p>Six Sigma continues to inject health into the healthcare system. More than ever, hospitals are seeing the need to engage with a <a href="https://www.6sigma.us/training-classes/six-sigma/">Six Sigma program</a>. These programs are providing significant improvements in quality and reductions in operating costs. Of course, the best results from a healthcare perspective have been improvements in patient satisfaction. The problem is that organizations struggle to find a balance between quality, safety and experience as they implement Six Sigma programs in the healthcare environment.</p><p>Placing a face with the numbers starts to bring things in perspective. Healthcare professionals and Six Sigma professionals are finding the balance that is so urgently required for quality care to be delivered. Healthcare professionals are starting to understand and embrace the ways of Six Sigma by supporting change across organizations, which are typically entrenched in their respective silos. Six Sigma professionals are understanding the importance of patient safety and delivery of amazing quality of care. Understanding that there are opposing points of view, both <a href="https://www.6sigma.us/six-sigma-healthcare.php">Six Sigma and healthcare</a> professionals are finding harmony and balance in day-to-day operations, along with long-term strategies.</p><p>At the end of the day, Six Sigma and healthcare professionals are providing a service that provides the highest level of quality patient care, along with significant cost savings and operational efficiencies.</p><p><strong>How Lean Six Sigma Can Help </strong></p><p><a href="https://www.6sigma.us/dmaic-step-one-define.php">DMAIC</a>: First use the Define-Measure-Analyze-Improve-Control template, with the goal to improve the patient experience at the doctor’s office. </p><p>VSM – The <a href="https://www.6sigma.us/kaizen/what-is-a-kaizen-value-stream-mapping-vsm-event/">Value Stream Map</a> is a Lean Six Sigma tool that allows you to see the entire process, from beginning to end. This is a great way to spot any areas of waste or errors. The value stream map also helps in the flow of information that is needed to produce a product or service.</p><p><a href="https://www.6sigma.us/root-cause-analysis-methods/">Root Cause Analysis</a> – This is an extremely important step for continuous improvement. One of the tools associated with this process is the Ishikawa Diagram, or Cause and Effect diagram, which can be used after the 5 Whys tool. Remember, many times there is more than one reason for a problem, so a single root cause is not always the case.</p><p>Find out more about Six Sigma and healthcare initiatives at <u><a href="https://www.6sigma.us/">6Sigma.us</a></u>. We are the perfect partner for healthcare providers seeking to implement Six Sigma programs or requiring <u>consulting expertise</u> within their existing programs.</p></div>Brain PET-MRI Systems Diagnosis of Neurological Disordershttps://globalriskcommunity.com/profiles/blogs/brain-pet-mri-systems-diagnosis-of-neurological-disorders2020-12-01T09:38:38.000Z2020-12-01T09:38:38.000ZKBV Researchhttps://globalriskcommunity.com/members/KBVResearch<div><h2><strong>What is PET-MRI?</strong></h2><p>Positron emission tomography – magnetic resonance imaging (PET-MRI) can be considered as a hybrid imaging technology that includes MRI soft tissue morphological imaging and positron emission tomography functional imaging.</p><p></p><p><a href="{{#staticFileLink}}8272619479,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8272619479,original{{/staticFileLink}}" class="align-center" alt="8272619479?profile=original" /></a></p><p></p><h2><strong>Brain PET-MRI based on phase:</strong></h2><h3><strong>1. Pre-clinical</strong></h3><p>As of now, the incorporation of positron emission tomography (PET) and magnetic resonance imaging (MRI) as a hybrid imaging modality is getting massive attention in its merging clinical applications and the preclinical field. A couple of designs based on different interesting types of PET detector technologies have been developed over the last couple of years, some of which have been used for first preclinical examinations.</p><p>A couple of companies offer MR-compatible preclinical PET scanner embeds for use in the bore of an existing MRI, enabling simultaneous PET/MR image acquisition.</p><p></p><h3><strong>2. Clinical Systems</strong></h3><p>The first two clinical whole body <a href="https://www.kbvresearch.com/brain-pet-mri-systems-market/">PET-MRI systems</a> were launched by Philips at Mount Sinai Medical Center in the United States and Geneva University Hospital in Switzerland, in 2010. The system incorporated a PET and MRI scanner isolated by a moving bed. Siemens was the first company to offer simultaneous PET/MR acquisitions, with the primary systems launched in 2010 based on avalanche photodiode detectors.</p><p></p><p>On 16th February 2013, Apollo Hospitals launched the very first PET-MRI in South Asia. PET-MRI was launched at Indraprastha Apollo Hospitals by the Chief Minister of Delhi, Smt. Sheila Dikshit and is an office supported by the House of Diagnostics. Currently, Siemens and GE are the first company to offer an integrated whole body and coordinate acquisition PET-MRI system. The Siemens system (Biograph MMR) got a CE mark and FDA endorsement for customer purchase in 2011.</p><p></p><h2><strong>Brain PET-MRI based on product:</strong></h2><h3><strong>1. Traditional PET-MRI Systems</strong></h3><p>In the brain PET-MRI industry, conventional PET-MRI holds a predominant position because of the developing improvement of these instruments by the makers. Top makers, for example, Siemens Healthcare, GE Healthcare, and Bruker have created conventional brain PET-MRI frameworks that take helium to cool the magnet. The utilization of helium in these MRI devices further complex its usefulness and creates different sorts of issues during its installation.</p><p></p><h3><strong>2. Helium-free PET-MRI Systems</strong></h3><p>Helium-free PET-MRI frameworks are considered to develop massively in the application shortly. The expense of helium gets reduced during the development and utilization of these tools, which is anticipated to decidedly influence its adoption rate across different segments.</p><p></p><p>To tackle different issues related to customary brain PET-MRI frameworks, top makers are concentrating on improving the advancement of PET-MRI frameworks that are helium-free. Different makers are concentrating on creating helium-free MRI machines, that can be incorporated with PET to make a helium-free PET-MRI machine.</p><p></p><h2><strong>Advantages of PET-MRI systems:</strong></h2><p>The benefits of combined PET-MRI when compared with conventional imaging methods are many. Some of them are given below:</p><ul><li>Lesser radiation part from MRI.</li><li>Multi-modality preclinical imaging happens in a simultaneous manner.</li><li>Incredible soft-tissue contrast.</li><li>Many tracers are available for PET.</li><li>Permit incredible visualization, measurement, and translational research.</li><li>Cryogen-free magnet use significantly reduces framework needs.</li></ul><p></p><h2><strong>Disadvantages of PET-MRI systems:</strong></h2><p>Coordinated PET-MRI technology has a few limitations also when we contrast it and other traditional hybrid imaging technologies. A few of the disadvantages are given below:</p><ul><li>It needs a massive initial capital cost.</li><li>There is a lack of convention and standardization as a result of huge variations in MR components.</li><li>No consolidated listing of PET and MR segments.</li><li>Limited adaptability of coordinated PET/MR systems.</li><li>High timings of obtaining of up to 60 min.</li></ul><p></p><h2><strong>Uses of Integrated PET-MRI</strong></h2><ol><li>Incorporated PET-MRI has critical applications in oncology. It allows high-resolution imaging of the four key steps in cancer formation namely, apoptosis resistance, cancer angiogenesis, cancer proliferation, and cancer metastasis.</li><li>PET-MRI has its applications in a couple of key clinical and exploration applications in fields such as neurology and cardiology.</li><li>Coordinated PET-MRI imaging modality enables multifunctional and anatomical imaging at the same time in small animals, which significantly impacts biomedical imaging in research and clinical settings.</li></ol><p></p><h2><strong>Overview</strong>:</h2><p>PET/MRI delivers the potent 'one-stop solution’ blend of anatomical, metabolic, and molecular imaging, which turns out to be better than PET/CT or independent PET system. The post data acquisition including attenuation correction and reconstruction techniques isn't sufficient to infer to the ideal results from it. Also, the weaknesses of the current system must be approached with wonderful designs to layout a superior structure.</p><p>The evolvement of PET/MR has applications in the field of Neuroscience, Oncology, Musculoskeletal, and so on, hence, ending up being a frontier in the period of integral hybrid imaging. However, it additionally requires further research on the different utilizations of PET/MRI for pre-clinical and clinical trials.</p></div>Healthcare API Solutions Revolutionize the Health Sectorhttps://globalriskcommunity.com/profiles/blogs/healthcare-api-solutions-revolutionize-the-health-sector2020-11-12T11:01:27.000Z2020-11-12T11:01:27.000ZKBV Researchhttps://globalriskcommunity.com/members/KBVResearch<div><p>A healthcare provider organization, for example, can incorporate a patient's information into a framework that works with insurance companies and normally choose the patient's inclusion for a specific procedure or prescription. That is enabled by an API.</p><p></p><p><a href="{{#staticFileLink}}8219691064,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8219691064,original{{/staticFileLink}}" class="align-center" alt="8219691064?profile=original" /></a></p><p></p><h2><strong>Introduction about Healthcare API</strong> </h2><p>APIs have a significant part to play in health IT interoperability in the years ahead, especially as the information exchange rules of the 21st Century Cures Act supports their standardization and extension across the healthcare environment. <a href="https://www.kbvresearch.com/healthcare-api-market/">Healthcare</a> providers are being assisted by APIs to enhance the functionality of electronic health records with the help of third-party software for doctors. With APIs, doctors can finally understand that all patient history is consolidated in one place and is easily available.</p><p></p><p>APIs like Eviti Web API enables doctors to pick the most appropriate treatment based on an individual's diagnosis and kind of medical insurance. APIs like DrChrono also help doctors with charging patients and supervise management.</p><p></p><p>Application programming interfaces enable information frameworks to communicate and transfer information among each other. Depending upon how it is planned, an API can enable a framework to send or recover information that can update an individual's record or give total data that can be used to make reports. An API furthermore can send information beginning with one system to the other.</p><p></p><h2><strong>Benefits of Healthcare API</strong></h2><h3><strong>1. Connectivity</strong></h3><p>Healthcare data is huge and developing. From clinical to cases to labs to radiology to social and behavioral, there are a lot of data types that all assist to make up the complete patient record. Also, measured self-information - the different sources of client contributed data now accessible through wearables, smartphones, and the flourishing number of connected devices in the Internet of Things. Access to this data is necessary.</p><p></p><p>APIs can solve connectivity between frameworks by indisputably characterizing transmission and security rules. A set of ordinary and open APIs will enable information to flow across frameworks and to be accessed across different areas. In a medical services world where APIs are common, doctors, and patients themselves can have easy access to data, no matter where it is stored.</p><p></p><h3><strong>2. Expansion</strong></h3><p>APIs can build up the ecosystem of healthcare by allowing applications to share data with some other framework and to utilize each other's abilities.</p><p>Additionally, the way that APIs present the opportunities for internal development– where providers can establish their own custom UIs for explicit needs – however, they enable third-party to access information and capacities for specific purposes. This means that information stored in an EHR is utilized for a more tailored application – either that serves a patient's need or empowers doctors.</p><p></p><p>There are also benefits in expanding access to healthcare data to other healthcare verticals – for example, researchers, pharma companies, and clinical instruments organizations. Researchers can take part in resident science by analyzing anonymized information from countless individuals and investigating it to recognize patterns; better understand explanations behind conditions and results of treatments, and evaluate resource utilization and costs. Pharma companies can get to similar information to help with the progression of clinical trials, to more readily grasp the reported side effects and viability of specific treatment and medicines, and to monitor adherence to then activity plans intends to minimize wastage.</p><p></p><h3><strong>3. Innovation</strong></h3><p>Perfect healthcare means serving the various permutations of an individual's conditions, health, desires, and experience. However, as of recently, the expense of making health applications regularly force solutions to be conventional to achieve wide but shallow coverage, and moderate the uptake of new developments.</p><p></p><p>APIs can bring the degree of advancement we've seen in various ventures – like banking, travel, entertainment – to healthcare services. Currently, People working outside of healthcare will be convinced to bring their abilities, expertise, and experience to the area at whatever given secure access to clinical and other information in a useful way, making innovatively advanced tools of huge value that not only serve the majority but select groups as well. APIs will not only fast-track interoperability across healthcare organizations, but they will enable smart and adaptable applications that interface healthcare providers, health insurers, and other related parties with patients in new ways. This is more than making mobile applications. It's about utilizing and connecting a scope of doctor’s capacities, for instance, risk forecast calculations, data visualization engines, payment providers, workflow motors, and proximity innovations.</p><p></p><h2><strong>Summing up</strong></h2><p>To create a healthcare ecosystem that can serve the delivery of perfect healthcare for every individual challenge around interoperability, APIs must be dealt with head-on. Open APIs can, and will, change the delivery of healthcare through empowering patients and enabling cross-community collaboration between traditional healthcare providers and new players. Due to the different advantages of healthcare API, it is expected that this market will thrive more in the upcoming years.</p></div>Healthcare adopting Artificial Intelligence in a Rapid Wayhttps://globalriskcommunity.com/profiles/blogs/healthcare-adopting-artificial-intelligence-in-a-rapid-way2020-10-03T07:38:54.000Z2020-10-03T07:38:54.000ZKBV Researchhttps://globalriskcommunity.com/members/KBVResearch<div><p>Artificial Intelligence (AI) is an assessment to imitate human intelligence into the technology of computers. The capacity of AI in medication has been communicated and proved by different experts in the industry. The capacity of AI techniques in medication and diagnosis are many. </p><p></p><p><a href="{{#staticFileLink}}8028339886,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028339886,original{{/staticFileLink}}" class="align-center" alt="8028339886?profile=original" /></a></p><p></p><p>Firstly, it gives an exploration center for the appraisal, association, representation, and classifying of clinical data. Secondly, it produces new instruments to support the dynamics of clinical, training, and research. Thirdly, it incorporates activities in medical, computer, psychological, and other various sciences. Fourthly, it offers a control-rich discipline for a future scientific medical specialty. Various intelligent structures have been made to enhance clinical consideration and diagnosis so as to provide a platform that reduces expenses, superior medical facilities, and others. </p><p>Living in the era of the fourth revolution of industry, innovation ends up being a blessing that no individual can avoid. The artificial intelligence is being used and relentlessly investigated to make it prepared for use in all spaces of life and even more noteworthy in the field of medicine where precision can mean decisive for a patient. There are numerous benefits to use <a href="https://www.kbvresearch.com/artificial-intelligence-diagnostics-market/">Artificial Intelligence in the medical diagnostic</a> frameworks. </p><h2>Let’s Know more about Artificial Intelligence in Diagnosis</h2><p>It has been acknowledged by different specialists and doctors that Artificial Intelligence innovation has numerous advantages over other traditional practices due to the way that it can explore massive datasets simultaneously, gives us an independent revelation that uncovers hidden patterns, and furthermore redesigns the speed by suggesting auto-created clinical pathways. <strong>Artificial Intelligence is an instrument that can support doctors and specialists in early finding and help cut down the death rate and medical inflation.</strong> </p><p>Diagnosis is the way toward transforming observed evidence into the names of diseases. The principal to the effective delivery of medical services by the specialist is the complex ability of clinical problem-solving. The accuracy of this ability is basic to the life and wellbeing of his/her patients. The adequacy with which it is applied is of extraordinary economical significance. Applying Artificial Intelligence (AI) strategies in the clinical field may help not simply in improving the accuracy performance of classification but also in saving diagnostics' time, cost, and the pain associated with pathologies' tests. </p><p>There are numerous applications of Artificial Intelligence that vary from image acquisition, aided processing of reporting, data mining, follow-up, and information storage, and so on. The use of AI includes computational models and algorithms that emulate the biological neural network architecture of the brain, i.e., artificial neural networks (ANNs). Based on Output, Deep learning has a lot more prominent success pace when compared with conventional machine learning. </p><h2>Future Outlook: </h2><p>The future of diagnosis will be better and better. The utilization of the incorporation of PCs and artificial intelligence can change the world of clinical diagnosis. Growth in innovation will demonstrate as a solid platform for the development of the utilization of artificial intelligence in diagnosis. </p><p>Artificial Intelligence (AI) has grown rapidly since the late 1980s. Growing clinical care datasets and its performance, the past twenty years have seen significant development in publication on AI. However, with the introduction of extended computational power, the availability of AI devices has been expanded. There are two primary devices in AI, machine learning, where structured data (for instance pictures, EP, and genetic data) is inspected, and natural language handling, where unstructured data is analyzed. </p><p>Both AI devices have been improved in significant detail throughout late decades for their procedures, algorithms, techniques, and applications. However, various endeavors and new techniques for AI have been used in recent years, and a few diseases; for instance, cancer, nervous system disease, cardiovascular disease, liver disease, congenital cataract disease, etc were potentially analyzed using AI. Currently, an advanced strategy called deep learning has created a booming impact of AI and phenomenal modifications on diagnostic medical imaging frameworks like endoscopic diagnostic, pathology, and dermatology will be foreseen to develop in the coming years. </p><p>Neurology had dominated the utilization of artificial intelligence in diagnosis. Radiology is foreseen to be the fastest-growing section in light of the improvement of AI-based applications utilized for diagnostic imaging. The diagnosis that depends on artificial intelligence incorporates early identification and precise diagnosis of different neurological issues, for example, autism, Alzheimer's disease, Parkinson's disease, ischemic stroke, and multiple sclerosis. </p><h2>Summary:</h2><p>Attributable to expanding development and advancements in machine learning techniques like artificial intelligence has made its way into medical diagnostic frameworks. Because of the various advantages of Artificial Intelligence in diagnosis will help in the development of this market. Understanding the circumstance in India, low awareness with respect to health among the population consistently defers treatment bringing about the aggravation of protected people's medical conditions. When treatment occurs, private experts are inclined to use pointless medical procedures and related techniques. </p><p>Hence, it is very evident that managing this region isn’t a simple task when various components are ruling the graph of this industry. This is where Artificial Intelligence comes in, with the help of these computerized diagnosis algorithms pointless treatment can be avoided consequently cutting down the inflation.</p></div>Revenue Assurance Trends Promoting Their Adoption Across Industry Verticalshttps://globalriskcommunity.com/profiles/blogs/revenue-assurance-trends-promoting-their-adoption-across-industry2020-07-25T05:55:39.000Z2020-07-25T05:55:39.000ZKBV Researchhttps://globalriskcommunity.com/members/KBVResearch<div><p>Revenue assurance is used both to identify an operation conducted within telecommunications service providers and is a common term for a similar small business unit. Revenue assurance is a proactive solution to potential or real issues with under-performance activities, most often related to billing and revenue collection.</p><p></p><p><a href="{{#staticFileLink}}8028326877,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028326877,original{{/staticFileLink}}" class="align-center" alt="8028326877?profile=original" /></a></p><p></p><p>A specialized revenue assurance department may undertake some of the procedures associated with identifying, rectifying, or preventing errors, although responsibility for <a href="https://www.kbvresearch.com/revenue-assurance-market/">revenue assurance</a> is often diffuse and varies greatly with the provider's organizational structure. For a company with a typical organizational split, revenue assurance obligations generally lie between the directorates of Finance and Technology, however, revenue assurance programs are also implemented in a business unit or marketing department.</p><p></p><h2><strong>What is revenue assurance?</strong></h2><p>Revenue assurance (RA) telecommunications services are the use of data quality and process improvement methods that improve profits, revenues, and cash flows without affecting demand. That is now defined by a working group of the TM Forum based on research documented in its technical overview of revenue assurance.</p><p></p><p>It can also be defined as the process which ensures that all products and services provided by the Telecom Service Provider are billed in accordance with the commercial customer agreement by ensuring the integrity and accuracy of the network, billing, and configuration across network platforms and systems. In several telecommunications service providers, a dedicated revenue assurance department leads to revenue assurance.</p><p></p><h2><strong>Industries that are progressively adopting the concept of revenue assurance:</strong></h2><h3><strong>Healthcare</strong></h3><p>The analysis of the profit margins of hospitals and health care organizations makes it more critical than ever for the company to make the most of its revenues. Providers of revenue enhancement tools take a detailed look at the business process and find strategies to improve and maximize the revenue streams.</p><p></p><p>These services consider a range of functions, ranging from coding to financial refund. Revenue leakage is a moving target, thanks to healthcare reform, constantly changing payer rules and disparate advances in technology and this pervasive problem continues to tighten the squeeze on already compressed margins.</p><p></p><h3><strong>Banking, Financial Services and Insurance (BFSI)</strong></h3><p>Today the banking sector is giving a dedicated focus on the implementation of revenue assurance. The organizations' CFOs' (Chief Financial Officers) priorities are to protect, monitor, and control any potential revenue leakage, whether through fraud, manipulation, or adjustment. With the declining margins and new opportunities/services on the horizon, success for corporations cannot rely solely on state-of-the-art networks; and technology alone will not guarantee business benefits.</p><p></p><p>The recent industry changes to convergence within the telecommunications, media, and technology (TMT) industry and the advent of other players including Over-the-Top (OTT) players make revenue assurance more important than ever before for providers to ensure robust strategies and systems. The timely interoperator settlement is also a big concern for the CFO to ensure the fund flow for smooth operations and development within the organization.</p><p></p><h3><strong>Telecom</strong></h3><p>Revenue leakage is one of the biggest worries impacting telecom companies worldwide. Real-time revenue monitoring is based on reducing the time difference between detecting fault and reconciliation. The technology, with analytics at its core, helps service providers to identify the threat as soon as it happens and initiate the resolution phase within hours of system launch.</p><p></p><p>Within a few minutes, the files collected at the source are pushed to the real-time revenue assurance system. Analytics plays a crucial role in securing RA in real-time. The complex algorithm separates the data based on a set of parameters so that anomalies can be quickly and accurately detected. Advances in real-time RA also promise controls on revenue leakage near real-time, and even real-time. RA control output can provide additional insights into each transaction which can be used to improve sub-optimal processes.</p><p></p><h2><strong>Emerging trends in the revenue assurance industry</strong></h2><h3><strong>A rise in the use of subscription-based economy</strong></h3><p>Patterns of consumption change and companies try to keep up. With the advancement of technology, the expansion of digitization at all rates has seen the highest growth in recent years. The rise of the Internet in the last decade has brought about a new form of business that has transformed the way companies operate today.</p><p></p><p>Everything has now been digitized from ordering food to booking flights. With content ranging from basic details to entertainment just a touch away, accessibility has been a problem in the past. With such a dramatic shift in direction, the importance of ease of use in product use has increased in value. This also implies that consumption is no longer limited by geography and has made content and services available around the globe.</p><p></p><h3><strong>Rising focus of businesses on enhancing customer experience</strong></h3><p>Many challenges are facing Telecommunications players from cable companies to fixed-network services and mobile operators. The main areas are commoditization and the cable cutting of voice and data services because over-the-top (OTT) options are available.</p><p></p><p>In addition, aggressive newcomers are providing solutions to networking, such as fixed wireless. All these issues disrupt communications service providers with conventional revenue sources. As competition in the ICT industry intensifies, prices are not enough to satisfy and ensure customer retention. Telecommunications customer satisfaction begins to mean more in connection with an excellent experience than with price.</p><p></p><h3><strong>Need for automation solutions for revenue assurance: RPA</strong></h3><p>In recent years, RPA has emerged in leading industries. RPA helps an enterprise increase profit and product margins. RPA is becoming a business tool more and more. The telecommunications industry is continuously growing. The 5G promise is a massive improvement. For them, robust networking and service continuity is essential and very important.</p><p></p><p>They move to RPA to reduce costs, improve customer service, increase operational efficiency, and improve data quality to accomplish future projects in the telecom industry. RPA offers the telecom industry a high degree of versatility and resilience to handle problems as it moves. Telecommunications companies compete to provide their customers the fastest, best, and most affordable services.</p><p></p><h2><strong>Beyond Revenue Assurance: The Rise of Business Assurance</strong></h2><p>The initial phase of the revenue assurance market was known for its functions of monitoring revenue streams from a switch to billing. The primary goal of these functions was to detect leakages with a latency of more than 24 hours. With the success of the income assurance function itself being measured on the value of the identified leakage, the larger the finding, the greater the perceived success of the income assurance function.</p><p></p><p><strong>Free Valuable Insights:</strong> <a href="https://www.kbvresearch.com/news/revenue-assurance-market/">Global Revenue Assurance Market to reach a market size of USD 7.7 billion by 2026</a></p><p></p><p>This being a model that works since the age of 2G services, entire RA functions was built on the basis of identifying leakages. Digital transformation has significantly increased overall risks for telcos and multi-service, multidisciplinary offerings, such as banking, retail, and digital content, in today's reality. The revenue assurance department of various organizations is compelled to shift from only assuring sales to ensuring business models, extending the focus of business assurance beyond revenue management.</p></div>How Coronavirus has Impacted Dental Sectorshttps://globalriskcommunity.com/profiles/blogs/how-coronavirus-has-impacted-dental-sectors2020-07-08T11:37:48.000Z2020-07-08T11:37:48.000ZJamie Costellohttps://globalriskcommunity.com/members/JamieCostello<div><p><span style="font-weight:400;">Coronavirus has impacted all sectors of business, with healthcare and dental care in particular, being heavily influenced by the pandemic outbreak. </span></p><p></p><p><span style="font-weight:400;">To prevent the spread of the virus, dental practices have had to close and only provide emergency appointments or virtual consultations. Whilst appointments that involve procedures such as tooth whitening have been put on hold. </span></p><p></p><p><span style="font-weight:400;">Here’s a lowdown of how coronavirus is impacting how we look after our teeth and why dental practices are closing to mitigate the risk of COVID-19.</span></p><h2><span style="font-weight:400;">Why have restrictions been put in place?</span></h2><p><span style="font-weight:400;">Whilst dentists are working on a patient, the treatment they provide can release aerosols into the air - these are little particles of saliva or blood. This is particularly common when dentists are using a drill or scaling and polishing your teeth.</span></p><p></p><p><span style="font-weight:400;">Dentists take</span> <a href="https://www.cdc.gov/oralhealth/infectioncontrol/summary-infection-prevention-practices/standard-precautions.html"><span style="font-weight:400;">standard precautions</span></a> <span style="font-weight:400;">to prevent the spread of disease or infection as many can become air-bourne through dental procedures. In doing this, they can help to keep the patient and dentist safe even if the patient doesn’t have an infection.</span></p><p></p><p><span style="font-weight:400;">However, with the health risk qualities that Coronavirus has, there is added danger that the virus can be easily spread through the air. These can directly infect dentists and land on surfaces that either patient or dentist can touch. </span></p><p></p><p><span style="font-weight:400;">The biggest fear is that many patients are asymptomatic, so there’s an added risk of contraction. </span></p><h2><span style="font-weight:400;">Who’s providing these regulations?</span></h2><p><span style="font-weight:400;">The majority of these decisions will be announced by the government, but they will be taking advice from medical experts in-house to determine the best option for dental practices. Considering the medical evidence and research conducted into COVID-19, it’s been agreed that the best way dentists and patients can keep safe is providing treatment that doesn’t generate aerosols. Therefore, until further notice all routine treatments have been suspended.</span></p><p></p><p><span style="font-weight:400;">It’s likely, as time passes and the spread of the virus becomes less, these restrictions will change.</span></p><h2><span style="font-weight:400;">What does this mean for you?</span></h2><h3><span style="font-weight:400;">What isn’t allowed</span></h3><p><span style="font-weight:400;">It’s been advised that non-essential treatments are now postponed until further notice for patients. This means regular check-ups, teeth whitening fillings will not be conducted for patients. Other treatments which have been postponed include:</span></p><p></p><ul><li style="font-weight:400;"><span style="font-weight:400;">Extractions</span></li><li style="font-weight:400;"><span style="font-weight:400;">Broken or chipped teeth</span></li><li style="font-weight:400;"><span style="font-weight:400;">Treatment for sore gums</span></li><li style="font-weight:400;"><span style="font-weight:400;">Bad breath</span></li><li style="font-weight:400;"><span style="font-weight:400;">Loose teeth</span></li><li style="font-weight:400;"><span style="font-weight:400;">Denture concerns</span></li><li style="font-weight:400;"><span style="font-weight:400;">Crowns and bridges</span></li><li style="font-weight:400;"><span style="font-weight:400;">Scale and polish</span></li></ul><p></p><h3><span style="font-weight:400;">What is allowed</span></h3><p><span style="font-weight:400;">Dental practices are still taking on emergency treatments, and in some cases these can include aerosols. The following treatments are limited to performing the following:</span></p><p></p><ul><li style="font-weight:400;"><span style="font-weight:400;">Tooth or root extractions where the pain can cause damage to the tooth or the nerve route</span></li><li style="font-weight:400;"><span style="font-weight:400;">Where upper front teeth have been severely damaged</span></li><li style="font-weight:400;"><span style="font-weight:400;">Ulcers that line the mouth and gums</span></li><li style="font-weight:400;"><span style="font-weight:400;">Providing care for complex medical procedures where not treating can damage the teeth</span></li><li style="font-weight:400;"><span style="font-weight:400;">Where referrals have been made from a doctor that requires immediate medical assistance</span></li></ul><h2><span style="font-weight:400;">What can I do to care for my oral health?</span></h2><p><span style="font-weight:400;">It’s unlikely that your</span> <a href="https://www.gavinismydentist.com/orthodontics"><span style="font-weight:400;">orthodontist Warrington</span></a> <span style="font-weight:400;">will be open for a while, so it’s important that you try to care for your oral health as much as possible. You can do this by taking the relevant steps to promote oral hygiene and ensure you have a healthy diet.</span></p></div>Healthcare CRO Services and Pharma: A Bird Eye’s Viewhttps://globalriskcommunity.com/profiles/blogs/healthcare-cro-services-and-pharma-a-bird-eye-s-view2020-04-29T10:31:41.000Z2020-04-29T10:31:41.000ZKBV Researchhttps://globalriskcommunity.com/members/KBVResearch<div><p>Healthcare CRO services industry found its initial foundation when pharmaceutical companies were able to do all of their in-house R&D, but were often faced with capacity issues, and it was this occasional need for excess capacity, where resources were limited, that led to the creation of the first CROs. By then, for many other reasons, sponsors have opted to outsource R&D operations, including obtaining resources that are not available in-house, achieving a decrease in fixed prices, and benefiting from greater global scope.</p><p></p><p><a href="{{#staticFileLink}}8028316253,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028316253,original{{/staticFileLink}}" class="align-center" alt="8028316253?profile=original" /></a></p><p></p><p>The industry has been witnessing the emergence of a large number of new drugs and the rise of the smaller biotech market. These two factors, combined with the increasing cost of drug production, helped to shift the competitive relationship between pharmaceutical and CROs, providing the impetus for CROs to expand their services and market. The healthcare CRO services industry has been gradually rising in recent years.</p><p></p><h2><strong>What are healthcare CRO Services?</strong></h2><p><a href="https://www.kbvresearch.com/healthcare-cro-services-market/">Contract research organizations (CROs)</a> usually provide discovery and development services to the pharmaceutical, biotechnology, and medical devices (often referred to as sponsors) industries, but may also support foundations, academic agencies, and universities.</p><p>Through planning and performing clinical trials to test the new molecule in humans, CROs organize and perform tasks in the R&D process. Being independent organizations, they provide in the clinical setting an unbiased evaluation of a potential drug and, being they work with other firms, usually provide greater expertise than if the sponsors conducted the trials themselves. CROs derive much of their revenue from sponsor R&D budgets, with work being carried out in the form of outsourced contracted services that are short or long term.</p><p></p><h2><strong>Here’s why pharma companies are using CRO services progressively:</strong></h2><p>Pharma can have access to skills and knowledge that are not otherwise available within the organization. They can also move from xed to variable cost model to reduce the internal resource utilization. Healthcare CRO programs will give patients greater global scope and access. In addition, they are often of high quality, ensuring more effective implementation along with reducing criteria for oversight. The companies include lower capital costs, quicker timelines for growth and a faster route to market.</p><h2><strong>Healthcare CRO services trends:</strong></h2><h3><strong>The emergence of R&D marketplaces to streamline contract research offering</strong></h3><p>A major trend in outsourcing pharmaceutical research is the rise of new marketplace types that link pharmaceutical sponsors with CROs, academic institutions, and biotech start-ups through advanced digital infrastructure. Research marketplaces allow sponsors to search for different R&D service providers, participate in a transaction, manage projects, arrange payment schedules and automate the entire cycle of R&D service sourcing. In my own experience, I consider those marketplaces to be extremely useful in curbing overhead management.</p><p></p><h3><strong>Rising demand for specialized testing services</strong></h3><p>Many pharmaceutical and biopharmaceutical companies are currently focused on building a diverse product portfolio and developing new molecules, both small and big. Delivery devices, combination products, and reformulated or re-engineered drugs are being developed by firms to meet unmet requirements.</p><p>Pharmaceutical industries focus on a variety of specialized testing services, such as liquid chromatography-mass spectrometry (LC/ MS), gene expression analysis, RNA sequencing, compendia raw materials wet chemistry analysis, Inductively Coupled Mass Spectrometry (ICP-MS) trace metal analysis and several others. Pharmaceutical and biopharmaceutical firms tend to outsource these advanced research facilities to CROs in order to save the expense of equipment and labour.</p><p></p><h3><strong>Biotech start-ups drive big pharma’s innovation</strong></h3><p>Biotech start-ups and small pharmaceutical companies are starting to have a significant impact on the medical research environment in general, and the CRO industry in particular — with a 103% rise in the number of new molecular entities (NMEs) identified by small pharmaceutical firms, which accounted for 63% of all new prescription drug approvals over the past five years. Many such companies develop research collaborations with big pharma to further advance their technologies or provide advanced skills, services and resources in research.</p><p>Large drug makers' strategic role is now to extend or acquire external R&D collaborations with smaller innovators — 2019 has been a productive year for M&A operation in the pharmaceutical industry. While acquiring tiny, emerging companies is a long-standing strategy for big pharmaceuticals, the M&A landscape will heat up due to an increasingly diverse market of advanced technologies and inventions, and a rising competitive interest in biotech M&As from the side of big CROs and recent newcomers to the pharmaceutical industry — tech giants.</p><p></p><h3><strong>Healthcare CRO services and Machine Learning</strong></h3><p>Advancements in the efficiency of clinical trials equal savings. For example, an ML platform may enable pre-clinical trials to be performed to allow early detection of populations that are most likely to react to a drug and to identify biomarkers showing the most potential for patient response, thereby refining the compound and the design of the trial.</p><p>Predictive analytics based on ML are used in the recruiting, retention and interaction of patients. Identifying and hiring the right applicants for example speeds up the timelines for R&D. Patient interaction during the trial is becoming increasingly essential as clinicians extend their use of Health IT including health management applications and wearables.</p><p>Real-world data can also be used to build a "digital twin" alongside multi-omic mapping of the patients receiving a research product. It is a reflection of a single person representing over time their physiological and molecular status as well as their lifestyle. For example, digital twins might be used to explain what would have happened to the patient had they been given placebo or the standard of care. Clinicians may use this model to assess various treatment strategies by comparing potential results to the patient, without any real risk.</p><p></p><h2><strong>Summing up</strong></h2><p>As sponsors face rising regulatory scrutiny, high marketing costs, and patent expirations on key blockbuster products, they are increasingly turning to outsourced specialist providers to lower costs and speed up market time. In addition, CROs' growth has increased over the past few years, with factors including rising spending on R&D, growing penetration outsourcing and the need for more nuanced clinical trials to promote overall market development.</p><p></p><p><strong>Free Valuable Insights:</strong> <a href="https://www.kbvresearch.com/news/healthcare-cro-services-market/">Global Healthcare CRO Services Market to reach a market size of USD 57.1 billion by 2025</a></p><p></p><p>We expect the significant amount of M&A activity seen in previous years to continue with a favorable M&A climate and sustained development in the CRO sector. The CRO business is one that continues to evolve as we expand our knowledge of science and technology making the industry 'one to watch' for exciting M&A transactions in the near future.</p></div>Wearable AI Trends In Healthcare Amid The COVID-19 Outbreakhttps://globalriskcommunity.com/profiles/blogs/wearable-ai-trends-in-healthcare-amid-the-covid-19-outbreak2020-04-21T07:31:24.000Z2020-04-21T07:31:24.000ZKBV Researchhttps://globalriskcommunity.com/members/KBVResearch<div><p>Since the advent of wearable technology in healthcare, data collection and the leverage of predictive health analytics to improve patient service has been increasingly easy for healthcare companies. By using data generated by wearable devices, companies can monitor the exact problem areas and offer treatment as required. <a href="https://www.kbvresearch.com/wearable-ai-market/">Wearable healthcare technology</a> is helpful to both professionals and patients and a technical change of the healthcare industry is said to be initiating.</p><p></p><p><a href="{{#staticFileLink}}8028317864,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028317864,original{{/staticFileLink}}" class="align-center" alt="8028317864?profile=original" /></a></p><p></p><p>The year 2020 has already begun with an outbreak of a dangerous COVID-19 virus, which has proved deadly to a large number of people. In these scenarios, advanced data analytics will help healthcare companies keep a close track of a patient's conditions. Whereas common wearable healthcare devices, such as Fitbits and Garmins, are very successful at measuring a variety of usable physiological metrics like heart rate, body temperature, blood pressure, sleep, activity, and even oxygen saturation levels; they provide a distinct lack of actionable information. Only when these results are combined and cross-referenced will we create a better profile of our overall health.</p><p></p><h2><strong>What is wearable AI technology?</strong></h2><p>The wearable AI industry is expected to see significant growth due to the growing demand for high-quality and wider displays in Smartwatches. Increasing consumer awareness of the advantages of better-aligned OLED technology and excellent contrast is one of the key drivers accelerating the development of OLED display. As a result, it stimulates the development of the AI-enabled wearable device market. The further increase in demand for AI assistants, the growth of operations in the healthcare sector, the emergence of IoT and the introduction of wireless technology and the advancement of wearable device technology are driving the market growth.</p><p></p><h2><strong>Types of wearable AI products:</strong></h2><h3><strong>Smart Watch</strong></h3><p>Once used to count steps and tell time, smartwatches have now developed into scientifically viable healthcare devices. Smartwatches allow consumers to perform activities that they usually do on their phones-read updates, send simple messages, make phone calls - while still providing some of the advantages of fitness trackers' workout and wellness monitoring. Biosensors are up and coming wireless medical devices and are completely different from smartwatches and wrist trackers.</p><p></p><h3><strong>Smart Eyewear</strong></h3><p>Healthcare smart eyewear has recently been released to the public and has created significant awareness among healthcare professionals as demonstrated by the clinic and hospital adoption. Initially, smart eyewear from Healthcare was used to popularize the time spent communicating with electronic health records and broadcasting activities. Medical smart glasses are also used to facilitate teaching by residents. Various companies are actively designing new tech solutions for smart medical glasses that allow smooth documentation for interpretation of patient records, video conferencing, and consulting or second opinions.</p><p>Healthcare smart glasses help solve challenges by having a dedicated screen for the surgeons and complete control of image manipulation. Medical smart glasses can be verbally regulated by a series of defined and modifiable voice commands. In medical smart glasses, the speech recognition software is preprogrammed to identify those vocal commands that need to be learned before using the device.</p><p></p><h2><strong>Wearable AI trends making their way into the healthcare sector amid the coronavirus pandemic:</strong></h2><h3><strong>Sweat-analyzing patch could help spot biomarkers linked to COVID-19</strong></h3><p>When you think about wearable technology, chances are your mind would go to a device like the Apple Watch long before the smart patch created by Epicore Biosystems in the Band-Aid-style is finished. But the company, which spun out of the Querrey Simpson Institute for Bioelectronics at Northwestern University and the laboratory of Professor John A. Rogers, has been working hard to develop sweat-sensing smart patches that can be used to help quantify sweat components in athletes and several other individuals. It may also have potential applications for medical use to help keep tabs on critical biomarkers for patients suffering from COVID-19.</p><p></p><h3><strong>Healthcare and fitness</strong></h3><p>The emerging trends in wearable technologies are getting smarter by the day. Activity trackers and health data captured on wearable devices have now been recognized as a perfect way for people to monitor their progress in health and alert their physicians if any anomalies happen.</p><p>In addition, many industry startups are experimenting with strategies to revamp and develop wearable healthcare technology and monitoring tools to increase connectivity between customers and healthcare professionals. In the near future, there will be several new technologies that will replace certain complicated medical procedures. These devices can, however, have to meet several legislative challenges. But the ability to adapt will increase gradually.</p><p></p><h3><strong>Wearable sensors</strong></h3><p>Wearable respiratory monitoring systems, such as wearable sensors and chest straps, constantly monitor the breathing of patients and other vital signs. It helps health departments to monitor and supervise COVID-19 patients who are either quarantined or mildly ill while reducing unnecessary hospital visits and eliminating coronavirus exposure.</p><p>Resmetrix is an Israel-based company that manufactures a comfortable chest strap with a proprietary sensor to monitor a patient's breathing habits and other safety parameters continuously. The sensor connects wirelessly to a mobile app and provides patient and clinician real-time access to respiratory and vital signs. The wearable device from Resmetrix enables monitoring of degradation and change in respiratory patterns.</p><p></p><h2><strong>To sum up</strong></h2><p>The wearable AI market is expected to see significant growth due to the growing demand for high-quality and wider displays in Smartwatches. Increasing consumer awareness of the advantages of better-aligned OLED technology and excellent contrast is one of the key drivers accelerating the development of OLED display. As a result, it stimulates the development of the AI-enabled wearable device market. If anything makes people more conscious about their health, a deadly epidemic could be it.</p><p></p><p><strong>Free Valuable Insights:</strong> <a href="https://www.kbvresearch.com/news/wearable-ai-market/">Global Wearable AI Market to reach a market size of USD 38.3 billion by 2025</a></p><p></p><p>As a result of the coronavirus, device manufacturers are expected to ship 30 percent more devices this year. As prices declined, wearables were already becoming more mainstream. Yet researchers are now saying they expect many more customers to buy smartwatches and fitness bands. They also claim that COVID-19 disease transmission would inspire inventive wearables with disinfectant characteristics. In coronavirus-hit China, exercise equipment has already seen a rise in demand.</p></div>Best Practices for Hospital to Decrease Riskhttps://globalriskcommunity.com/profiles/blogs/best-practices-for-hospital-to-decrease-risk2020-04-20T16:00:09.000Z2020-04-20T16:00:09.000ZJamie Costellohttps://globalriskcommunity.com/members/JamieCostello<div><p><span style="font-weight:400;">Hospitals are considered places in society where patients can feel safe and looked after. This is why mitigating unnecessary risk is a high priority in healthcare organizations. Rules and regulations around risk in healthcare are constantly being updated and reviewed to ensure staff and patient safety.</span></p><p></p><p><span style="font-weight:400;">As standard, there should be steps that healthcare risk managers should comply in ensuring that the surroundings around all areas are in sufficient condition. Here are some best practices that all hospitals should consider to help mitigate risk in the healthcare workplace.</span></p><h2><span style="font-weight:400;">Be proactive with risk assessments</span></h2><p><span style="font-weight:400;">Rather than putting in place measures after a risk has occurred, risk managers should be proactive in identifying the risk before it occurs. For existing processes and products, they should analyse the current procedures in place and scale them based on possible risk and the probability that a risk could occur. The scores taken from the</span> <a href="https://www.healthyworkinglives.scot/workplace-guidance/risk-assessment/how-to"><span style="font-weight:400;">risk assessment</span></a> <span style="font-weight:400;">should help managers to identify areas where risk is probable and how it can be reduced.</span></p><p></p><p><span style="font-weight:400;">Similarly, any new practices that are being considered to put into place should be put through review and analysis before it’s put in place. What risks are possible and would it be safe to put in place considering how much of a risk it could cause?</span></p><h2><span style="font-weight:400;">Hardwire risk-mitigating procedures</span></h2><p><span style="font-weight:400;">Low risks need to be maintained across the board and consistency should be applicable so no practice is better off than the other. To ensure this, any procedures that are considering risk friendly should be hardwired for every healthcare practice.</span></p><p></p><p><span style="font-weight:400;">Staff members should be trained up on these services and be provided with the necessary assistance to continue this in their workflow. Whether it’s</span> <a href="https://ehrintelligence.com/news/3-ways-ehr-alerts-can-help-to-improve-patient-health-outcomes"><span style="font-weight:400;">making alerts in electronic healthcare systems</span></a> <span style="font-weight:400;">or applying messages to digital records. Spontaneous revisions with staff of the practices can also help to ensure that all staff members are understanding.</span></p><h2><span style="font-weight:400;">Prioritise specific tasks</span></h2><p><span style="font-weight:400;">There are many tasks that risk managers have to consider when evaluating risk in hospitals. This means that some tasks have to be prioritised over others if they’re considered a higher risk. It’s important that they’re able to prioritise some over others and create a manageable workload for themselves. </span></p><h2><span style="font-weight:400;">Establish a risk management culture</span></h2><p><span style="font-weight:400;">With the previous point in mind, it means that risk managers can’t be everywhere at one time and cover all bases when it comes to risk. Creating a risk-free culture with staff and surrounding parties can help them with their task. </span></p><p></p><p><span style="font-weight:400;">If a culture can be created whereby people in the environment can feel comfortable reporting risk and highlighting areas that could be potential risks, it can make their job easier. It also means that there is more awareness of reducing risk.</span></p><h2><span style="font-weight:400;">Final thoughts</span></h2><p><span style="font-weight:400;">It doesn’t matter whether your practice specialises</span> <a href="https://www.ukaesthetic.com/"><span style="font-weight:400;">cosmetic surgery</span></a> <span style="font-weight:400;">or medicine, the levels of risk still remain the same and should be kept as a high priority. Where possible, ensure everyone is playing their part when it comes to mitigating risk and keeping the workplace a safer place.</span></p><p></p></div>What’s Trending In The Healthcare Supply Chain Management?https://globalriskcommunity.com/profiles/blogs/what-s-trending-in-the-healthcare-supply-chain-management2020-04-15T08:30:00.000Z2020-04-15T08:30:00.000ZKBV Researchhttps://globalriskcommunity.com/members/KBVResearch<div><p>Healthcare supply chain management can be a daunting job due to its fragmented nature. It is where control of the supply chain of healthcare is essential for organizations. Supply chain management in healthcare includes planning, designing, implementing, monitoring and tracking the movement of products and services.</p><p></p><p><a href="{{#staticFileLink}}8028317854,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028317854,original{{/staticFileLink}}" class="align-center" alt="8028317854?profile=original" /></a></p><p></p><p>This allows greater net value to be generated, supply to be matched with demand, sustainability to be achieved with efficient logistic force and performance measurement. <a href="https://www.kbvresearch.com/healthcare-supply-chain-management-market/">Healthcare supply chain</a> software streamlines the sourcing of medical equipment, inventory control and the control of total spending. The software also encourages and facilitates accountability among primary care providers, ancillary care providers, and non-acute care providers in the types of services and procedures they offer patients.</p><p></p><h2><strong>What is the healthcare supply chain management?</strong></h2><p>Supply chain management is similar to all others in the healthcare sector. It's supply management from one place to the next. The supply chain for health care begins at a supplier of medical supplies, where items are manufactured and sent to a distribution center. The product will be scanned, processed, or sent out from the distribution center and then sent to the right organization or hospital. The hospital is responsible for managing its supply chain to healthcare from there.</p><p>The healthcare supply chain management allows stakeholders such as manufacturers, distributors, and retailers to ease the ordering and receiving of medical services and goods. Using this program, doctors, nurses and medical professionals can automate activities related to the manual, time-consuming supply chain, utilize workflows and business intelligence to reduce costs, and eventually enhance care delivery. Additionally, tools for the healthcare supply chain allows hospitals and physician practices to adhere and provide value-based care.</p><p></p><h2><strong>Recent developments in the healthcare supply chain management technology</strong></h2><h3><strong>RFID Tags</strong></h3><p>RFID is progressively advancing to asset monitoring, inventory control, and supply chain management in the sector such as health care and pharmaceutical. Inventory management, in particular, uses RFID technology to monitor the displacement of medication, medical supplies, along with reducing mistakes and ensuring better patient safety. RFID believes that people support this idea of a smart cabinet to get a better solution for medical treatment.</p><p>Hospitals can send their requirements directly to retailers, suppliers, and distributors with help from Radio-frequency identification technology. It provides superior consistency in the supply chain process. The approach also offers an adequate system that can allow for a safer healthcare service.</p><p></p><h3><strong>Barcodes</strong></h3><p>Healthcare supply chain management barcodes illustrate their true power through their function in allowing common formats and promoting data centers to exchange reliable, real-time information between trading partners. Advanced supply chain companies today use a mix of RFID tags and readers, barcode labels and handheld long-range scanners to improve the speed and ease of data collection to track inventory.</p><p>By integrating barcode and RFID data capture methods with relational database software, supply chain organizations can increase the efficiency and precision of their operations, including identifying, retrieving and paying for everything that moves inside or outside the facility.</p><p>Supply chain companies using mobile barcode and RFID technologies will increase turnover and maximize inventory, as well as enhance the efficiency of their manufacturing, ordering and/or shipping operations. If productivity is substantially increased, resources can be re-allocated to tasks of higher value or more critical areas.</p><p></p><h2><strong>Healthcare supply chain management industry trends</strong></h2><h3><strong>A Clinically-Integrated Supply Chain</strong></h3><p>A supply chain called "clinically integrated" is key to success. Professionals in the supply chain and physicians work closely together, sharing information, comparing outcomes and making educated decisions. Physicians use a supply chain professional partnership to provide feedback on price points, conditions, and alternatives.</p><p>Automation reduces order errors which cost suppliers and providers through inaccurate invoices, payments, and products. An automated process helps providers and manufacturers to easily spot inconsistencies, resolving issues in real-time. In the supply chain, we can only control about 20 percent of the cost without the participation of the clinicians. The relationship between physicians and the supply chain practitioners directly affects the supply chain in promoting patient care.</p><p></p><h3><strong>Healthcare Supply Chain Management and AI</strong></h3><p>Artificial intelligence has the capacity for massive transformation in the healthcare industry. Far from making computers make decisions about diagnosis or treatment options, however, other future advancements address the more basic aspects of managing health care facilities and personnel that affect one of modern medicine's greatest problems — cost control.</p><p>Artificial intelligence holds the potential for a monumental transformation of the healthcare industry. Far from having computers make decisions about diagnosis or treatment options, however, other horizon advances tackle the more basic aspects of managing health care facilities and personnel that impact one of the main challenges in modern medicine — cost control.</p><p>The primary use for artificial intelligence in healthcare is to collect data from the real-time supply chain, exploit the knowledge to create insights for predicting what might happen in the future, and then administer solutions for those anticipated events. Predictive analytics will notify when preventive maintenance is needed for a medical vehicle in your fleet. This could raise concerns about potential storage of materials as well as weather-related or even political disruption.</p><p></p><h3><strong>Supply chain and customer service — adapting to patient expectations</strong></h3><p>As consumers pay greater shares of health-care costs, price transparency has increased in value. Supply chain executives are constantly focusing on customer service to connect and interact more directly with patients about their healthcare. Additionally, when trying to reach out to societies, telehealth is becoming a more prevalent method.</p><p>Telehealth services are increasing patient access to treatment in several different ways. Telehealth is also a way for hospitals to access data, beyond accessing patients remotely. Technology plays an important part in the consumer experience. From a supply chain viewpoint, the legacy systems and old data cannot be integrated into modern technologies.</p><p>Leaders in the supply chain must adjust to the changing healthcare climate to help move their organizations forward. Strong leaders will continually look ahead to what patients and caregivers need to ensure the highest quality of care.</p><p></p><h2><strong>Healthcare supply chain management: In a nutshell</strong></h2><p>Healthcare supply chain management automation enables market innovation that has never been seen before. Automation allows a product to be tracked through individual patient results from its roots. The data generated by tracing all of that information is essential to cost reduction. Advanced data analytics helps healthcare providers to make better operations management decisions and to forecast demand accurately.</p><p></p><p><strong>Free Valuable Insights:</strong> <a href="https://www.kbvresearch.com/news/healthcare-supply-chain-management-market/">Global Healthcare Supply Chain Management Market to reach a market size of USD 3 billion by 2025</a></p><p></p><p>Annually, hospitals can save millions of dollars simply by strengthening their supply chains. The rapidly evolving healthcare sector has encouraged companies to create supply chain models that can satisfy the demands for pharmaceutical and medical devices. This allows companies to improve the management of the healthcare supply chain and exploit its advantage to transform speed, flexibility, quality, and durability across the entire value chain to outsmart the competition.</p></div>3 Methods That Can Mitigate Risk in Healthcarehttps://globalriskcommunity.com/profiles/blogs/3-methods-that-can-mitigate-risk-in-healthcare2020-03-19T16:30:14.000Z2020-03-19T16:30:14.000ZJamie Costellohttps://globalriskcommunity.com/members/JamieCostello<div><p><span style="font-weight:400;">In the world of healthcare, risk can be considered one of the biggest dangers to patients. It’s a core element that is considered in the industry to ensure patients remain safe. Unfortunately, it’s impossible to completely remove risk from any site. However, any effort to ensure that it’s reduced can be extremely positive in making sure there’s less chance of it happening. </span></p><p></p><p><span style="font-weight:400;">In healthcare, the list goes on about ways that patients and staff can keep safe in their working environments. The safety of others can also depend on the type of healthcare that is in question. So, where would one even start when it comes to basic mitigation of risk? Well, policies and procedures are the first step in guiding the protection of others in the facility. With this in mind, here are 3 ways how risk can be managed in healthcare.</span></p><h2><span style="font-weight:400;">Linking policies and systems</span></h2><p><span style="font-weight:400;">Having the ability to link your systems together can greatly decrease the chance of risk and help to consolidate your processes for efficiency. In doing so, it can improve quality care and prevent the fatigue of crucial staff memes in the workforce. By</span> <a href="https://www.businessinsider.com/6-ways-technology-is-improving-healthcare-2010-12"><span style="font-weight:400;">introducing technologies</span></a> <span style="font-weight:400;">that are able to share information and access data easily from remote locations, it can create solutions quicker and facilitate the workload between staff members. </span></p><h2><span style="font-weight:400;">Ensure policies are updated on a regular basis</span></h2><p><span style="font-weight:400;">The healthcare industry is heavily regulated to ensure care is honest and safe for individual patients. This means there are plenty of policies to keep on top of, so it’s no surprise that from time policies can be forgotten about. Over time, if policies go unchecked it runs the risk of non-compliance and puts others at risk.</span></p><p></p><p><span style="font-weight:400;">Thankfully, there are automation tools that can alarm you about updating policies when they need to be. This prevents any policies falling through the cracks and you’ll be reassured that your organisation is up to date with its policies.</span></p><h2><span style="font-weight:400;">Communication is key</span></h2><p><span style="font-weight:400;">Everybody will have different knowledge and experience in facilities. Having the ability to communicate possible risks with leaders and hierarchy in the organisation is crucial to avoid risk. However, not all organisations are the same. Alternatively, open communication with all members can help to provide much needed information to all parties involved. It can also outline what requirements are needed for specific workflows. It can be a great way of understanding what needs to be done for different departments and let staff members know that they’re voices are being heard. </span></p><p></p><p><span style="font-weight:400;">Mistakes can happen and sometimes can be hard to avoid. However, knowing you’ve tried your best to prevent them from happening is the best that you can do. Whether your facility specialises in</span> <a href="https://www.garylross.com/"><span style="font-weight:400;">cosmetic surgery</span></a> <span style="font-weight:400;">or health supplements, somewhere in the environment there will be ways you can be helping to mitigate risk. When it comes to risk, it should be one of the first steps that’s taken up by any business to provide the best possible outcomes.</span></p></div>Innovative Approaches to Drug Safetyhttps://globalriskcommunity.com/profiles/blogs/innovative-approaches-to-drug-safety2019-11-08T21:45:42.000Z2019-11-08T21:45:42.000ZVeronika Valdovahttps://globalriskcommunity.com/members/VeronikaValdova<div><h2><span>Innovative Approaches to Drug Safety</span></h2><p><strong>Date:<span> </span><span>15 November 2019</span></strong></p><p><strong>Time:<span> </span><span>1 to 5 PM EST</span></strong></p><p><span><strong><a href="https://www.engagez.net/node/216946?">REGISTER HERE</a></strong></span></p><p>Download <span> </span><a href="https://veracuity.com/wp-content/uploads/2019/11/Virtual-Workshop-invite-program.pdf">Virtual Workshop invite program</a></p><p><a href="{{#staticFileLink}}8028306666,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028306666,original{{/staticFileLink}}" class="align-full" width="786" height="524" alt="8028306666?profile=original" /></a></p><p class="has-text-align-left">The current practice of pharmacovigilance is fraught with challenges and limitations, but new technologies, perspectives, and concerns are shaping the way stakeholders will need to conduct this crucial activity in the coming years. You are cordially invited to join our workshop on the future of pharmacovigilance, which offers you an opportunity to participate in a robust, informative and professional discussion about the future of pharmacovigilance. We seek your perspectives on the issues before us today and how they will influence the drug safety environment in the 2020s.</p><p>You are cordially invited to join our workshop on the future of pharmacovigilance. We understand the challenges and limitations of the current ways to conduct the business of pharmacovigilance and seek your perspective to achieve broader consensus. Topics of interest include the role of stakeholders in shaping the informational needs, system responsiveness, production of real-world evidence, incentives and barriers to investment into automation and AI tools, the monetary value of safety information, patient privacy issues and innovative approaches toward generating evidence.</p><p>The cost of Adverse Drug Reactions and Adverse Drug Events is estimated at $3.5 billion a year but suspected to be $25 billion a year if unreported ADRs are considered. Consequences include increased costs for treatment, increased length of hospital stay, higher readmission rates, and higher in-hospital mortality.</p><p>By 2025, the outsourced pharmacovigilance market will be worth about $10.27 billion with an expected growth of 13.1% CAGR. The main drivers of this growth are regulatory requirements and increasing incidence of Adverse drug events due to an aging population and increasing demand for treatment for chronic diseases.</p><p>Pharmacovigilance needs reform to evolve beyond compliance in order to produce better quality, actionable intelligence that is responsive to the needs of stakeholders within the healthcare ecosystem, including healthcare providers and patients.</p></div>Medical Identity Theft: 12 Million Patients Breachedhttps://globalriskcommunity.com/profiles/blogs/medical-identity-theft-12-million-patients-breached2019-10-19T18:00:00.000Z2019-10-19T18:00:00.000ZRobert Sicilianohttps://globalriskcommunity.com/members/RobertSiciliano<div><p>Quest Diagnostics is a US-based company that provides medical testing services, and announced that it used third-party billing collection companies that were hit by a severe data breach. In fact, about 11.9 million Quest customers were affected.</p><p><img src="https://activerain.com/image_store/uploads/agents/robertsiciliano/files/invitation-scam.png" alt="" width="300" height="209" align="right" /></p><p>The compromised information could include personal data of the patients, including Social Security numbers, as well as medical and financial information. However, laboratory test results aren’t included in the breach.</p><p><strong>What Happened?</strong></p><p>The AMCA (American Medical Collection Agency) is a billing collection service provider and informed Quest Diagnostics that it had an unauthorized user who gained access to the AMCA system, which contained personal information that AMCA got from a variety of entities, including Quest. AMCA provides its collections services to Optum360, which is a Quest contractor. Both Optum360 and Quest are working with experts to investigate the issue.</p><p>The company also noted that it still doesn’t have much information about the data security incident at AMCA, and it doesn’t know for sure what data was compromised. However, the company no longer sends its collection requests to AMCA and won’t do so until the issue is resolved.</p><p>Quest filed an SEC filing, which revealed that the attackers gained access to the AMCA system between August 2018 and March 2019.</p><p>According to one data breach website, Gemini Advisory analysts first discovered the breach. The analysts noticed a CNP (Card Not Present) database, which had posted for sale on the dark web’s market. It figured out the data could have been stolen through the AMCA online portal. Gemini Advisory attempted to contact AMCA but received no response, so it contacted the US federal law enforcement agency.</p><p>A spokesperson for AMCA says that, upon receiving the information that there was a possible data breach from a compliance company that worked with other credit card companies, it conducted an internal investigation and took down its payments page online. The company also said it was investigating the breach with the help of an unnamed third-party forensics company.</p><p>The Quest breach targeted primarily financial data with personal information (SSNs). That kind of information is significantly more lucrative than health information, which isn’t really marketable by criminals, at least not yet. The financial information disclosed was comprehensive and included bank accounts and credit card numbers. Therefore, victims could get their identities stolen and have financial transactions completed in their name.</p><p>Users of the website or the company need to get a <a href="https://freezeid.com/">credit freeze</a> and monitor their bank accounts and credit cards for any unusual activity and might want to freeze their credit reports so that no new credit lines can be taken out in their name.</p><p>Action needs to be taken now to freeze your information with the credit bureau and warn the credit bureaus that your financial information might have been compromised. Along with such, financial institutions usually have programs available to take corrective action, which can prevent your credit card or account from being used without permission if your account has been compromised.</p><p>The issue is that insurance and healthcare information doesn’t have such a centralized process, which makes it extremely tough to prevent the use of this information from someone who doesn’t have permission to use it.</p><p>The Cybersecurity evangelist of Thales, Jason Hart, chimed in with the fact that multi-factor encryption and authentication of the collected data might have saved the companies and victims from having problems.</p><p>The VP of innovation and global strategy at ForgeRock, Ben Goodman, noted that this is the second known breach for Quest in just three short years. As a public company, it could lead to a variety of serious repercussions with respect to brand reputation, shareholder trust, and stock prices. He also said that the exposed data might result in litigation. When First American Financial Corporation was breached, it took just a few days for the company to get hit with a class-action lawsuit when it exposed 885 million documents full of sensitive information just last week.</p><p>The CISO and Senior Director for Shared Assessments, Tom Garrubba, wants to see just how quickly the Office of Civil Rights (an overseer of HIPAA compliance), rushes in to get information about the breach and to determine if any negligence was there and if Quest is to blame (partially or fully)..</p><p>Through the HIPAA Omnibus Rule, business associates must handle any data with the care provided to covered entities (outsourcers). Those business associates have to provide due diligence to the covered entity.</p><p>ROBERT SICILIANO CSP, is a #1 Best Selling <a style="color:#f30e0e;" href="https://www.amazon.com/Robert-L.-Siciliano/e/B0035CH602/ref=ntt_athr_dp_pel_1" target="_blank">Amazon.com</a> author, CEO of <a style="color:#f30e0e;" href="https://safr.me/" target="_blank">Safr.Me</a>, and the architect of the <a style="color:#f30e0e;" href="https://protectnowllc.com/" target="_blank">CSI Protection</a> certification; a Cyber Social and Identity Protection <a style="color:#f30e0e;" href="https://safr.me/actnow/" target="_blank">security awareness training</a> program.</p></div>Healthcare Breach and $400,000 Penalty Result From Poor Risk Assessmentshttps://globalriskcommunity.com/profiles/blogs/healthcare-breach-and-400-000-penalty-result-from-poor-risk2017-07-11T15:35:44.000Z2017-07-11T15:35:44.000ZSteven Minskyhttps://globalriskcommunity.com/members/StevenMinsky<div><p><a href="{{#staticFileLink}}8028259495,original{{/staticFileLink}}"><img width="300" src="{{#staticFileLink}}8028259495,original{{/staticFileLink}}" class="align-right" alt="8028259495?profile=original" /></a>Breaches are <span style="text-decoration:underline;"><a href="http://www.logicmanager.com/erm-software/2017/04/25/good-governance/">preventable</a></span> failures in risk management. A healthcare breach at Metro Community Provider Network (MCPN), a federally approved organization, led to a $400,000 penalty and a mandated correction plan. The Office for Civil Rights (OCR) levied the penalty; the cause of the breach has been cited as a failure to conduct “a timely and comprehensive risk assessment,” according to <span style="text-decoration:underline;"><a href="http://www.govinfosecurity.com/ocr-signs-400k-hipaa-settlement-colorado-based-health-center-a-9840"><i>Information Security Media Group</i></a></span>. </p><p>As we’ve said before, an old proverb – <i>An ounce of prevention is worth a pound of cure</i> – is a fitting rule in risk management. Had MCPN invested in integrated risk management activities, it would have prevented the breach altogether. Instead, it’s financing corrective action (the “cure”) in a response to a <span style="text-decoration:underline;"><a href="http://www.logicmanager.com/erm-software/2016/04/26/cyberattack-prevention-erm/">phishing attack</a></span>, must pay $400,000 for noncompliance, and will likely suffer major damage to its reputation.</p><p></p><h2><strong>What Happened? </strong></h2><p>In January 2012, MCPN filed a healthcare breach report with OCR. A hacker reportedly “accessed employee’s email accounts and obtained 3,200 individuals’ electronic protected health information through a phishing incident.” It wasn’t until April of this year, however, that the OCR revealed it has signed a resolution agreement with MCPN following the healthcare breach. </p><p>This is particularly calamitous for a healthcare organization, which the public trusts to safeguard sensitive information. Poor <span style="text-decoration:underline;"><a href="http://www.logicmanager.com/erm-software/2017/04/25/good-governance/">governance</a></span> affects all of us and is never excusable. It’s negligence, and a company that allows a scandal to unfold through negligence is not just being unjust, it’s violating its moral obligation to its stakeholders and community. </p><p>As described in another of our blog posts, “<span style="text-decoration:underline;"><a href="http://www.logicmanager.com/erm-software/2016/04/26/cyberattack-prevention-erm/">Use ERM to Defend Against Ransomware and Data Breaches</a></span>,” phishing attacks target individual employees, often masquerading as trustworthy emails. </p><p>MCPN failed to conduct an enterprise risk analysis until a month after reporting the breach. Even when the organization <i>did</i> start assessing risk, however, those efforts were not deemed sufficient to meet requirements in the HIPAA security rule. </p><p>Failure to perform risk management best practices (a minimal investment compared to the fallout of a breach) led directly to the cybersecurity incident, compliance issues, and significant negative media exposure.</p><p> </p><h2><strong>Companies in Every Industry Can Learn From This Healthcare Breach</strong></h2><p> </p><p>As is the case with many incidents, this healthcare breach is fundamentally not a <span style="text-decoration:underline;">cybersecurity</span> issue, nor a compliance issue. It’s a <span style="text-decoration:underline;"><b><a href="http://www.logicmanager.com/erm-software/2017/04/25/good-governance/">governance issue</a></b></span>. Strong governance is crucial to effective risk management, and it’s also the framework for the “ounce of prevention” that makes “a pound of cure” obsolete. </p><p>MCPN should have started performing <span style="text-decoration:underline;"><a href="http://www.logicmanager.com/erm-software/knowledge-center/best-practice-articles/risk-identification/">root-cause risk assessments</a></span> well before it did. Its failure to identify and assess risks in its ePHI environment prevented the organization from implementing appropriate <span style="text-decoration:underline;"><a href="http://www.logicmanager.com/erm-software/product/mitigate/">mitigation activities/controls</a></span>. </p><p>Specifically, the $400,000 restitution is a sign that breaches/incidents are now considered “a symptom of larger issues that indicate general failures to have appropriate safeguards in place.”</p><p> </p><p><b><i>Download our free eBook,</i></b> <span style="text-decoration:underline;"><a href="http://www.logicmanager.com/ebook-5-steps-for-better-risk-assessments/"><b>5 Steps for Better Risk Assessments</b></a></span><b><i>, for an in-depth look at how risk profiles should be assessed to prevent breaches and other vulnerabilities.</i></b></p><p></p></div>