Healthcare sector is focusing on process improvements by enhancing services offered while reducing the operating cost. Hospitals are also looking forward to improving capacity management to remain competitive and to drive a sustainable reduction in cost structure. Major companies are developing various hospital capacity management solutions by integrating Real-Time Locating System (RTLS) with patient flow and business analytics technology. Digital hospitals are moving towards becoming smart hospitals with new application and services to better serve the patients.
Technically advanced hospital capacity management systems are helping hospitals to manage medical record, streamline bed-request. These new systems also make sure that the patient is admitted to the hospital with proper hospital bed and facilities for unique requirements.
According to the latest report by Future Market Insights (FMI), the hospital capacity management solutions market in Europe is expected to offer better opportunities to improve safety by developing highly efficient software with easy data management and simplifying decision making process in real-time. The RTLS segment is anticipated to reach nearly $160 million revenue by 2027. The segment is projected to witness steady growth in Europe hospital capacity management solution market. While by 2027 end, the Workflow Management Solutions is expected to exceed $56 million. It is also estimated to increase to 4.9% CAGR between 2017 and 2027.
Innovative technologies to transform hospital capacity management
The concept of smart hospitals is moving towards a reality with connected medical devices already changing the way healthcare providers offer services. Hospitals have started using automated and optimized processes with interconnected assets to improve patient care system. New hospital capacity management solutions are being developed by including connected devices with big data analytics and cloud computing. Meanwhile, Artificial Intelligence (AI) is also emerging as an important part in hospital capacity management.
Manufacturers have also started working with the healthcare providers to develop and offer a technology that can help in making necessary changes. Hence, big data including genomics can deliver better outcomes and minimize healthcare costs. Providing an opportunity for the healthcare industry, digital hospitals are trying to provide the highest quality of care at lowest cost. Hospitals are also improving existing healthcare systems by integrating new solutions that can provide patient satisfaction and increase staff productivity.
Along with including advanced technologies, hospitals are also focusing on infrastructure and communication system to make the process of exchanging data seamlessly between doctors, patients, staff and other healthcare providers. New hospital capacity management systems are being developed that can automatically alert the staff about a new admission or transfer.
The hospital capacity management solutions are being largely used to manage Emergency Department (ED) overcrowding, patient flow, discharge coordination, scheduling and bed management system. Among all these ED is usually required by the majority of patients, hence, managing ED has become a vital part of hospital capacity management. The flow of patient from one department to another also needs to be managed carefully. Hence, to tackle all these issues, new hospital capacity management software are also being developed with advanced features. Although companies are developing new management solutions, hospitals still lack clear communication system and forecasting tools to predict patient inflow.