Assignment on the IT Impact on Business (healthcare)

Executive Summary of IT Impact on Business (healthcare)

IT has now become the world’s most beneficial and influential field in every field of life-supporting every business in better ways to increase the profitability of the businesses. The healthcare business is also influenced by IT applications because IT can easily manage as well as handle all of the areas of the healthcare business. The IT system such as the electronic health record system one of the useful and popular software that manages the records of employees, patients, and finances. Furthermore, it also speeds up the workability and patient checking process. There are several types of benefits of IT applications but it also has some privacy and security risks. Many healthcare organizations are using IT and equipment to make improvements in business strategies and reduce the cost of every activity. The overall reports are all about how IT impacts on the healthcare business.

Introduction of IT Impact on Business (healthcare)

Many healthcare organizations are using IT systems and their services to improve their business performances by managing their staffs, employees, suppliers, related stakeholders as well as patients. IT is influential in every field of life because it provides help to increase management activities to grow businesses. That’s why healthcare organizations are also starting to consider working. The reports are providing brief information on how IT is influential in healthcare businesses and activities. It is discussed about the need for IT for healthcare business and why it is important for business survival. Some most important advantages and benefits are also discuses in the reports along with some risk to IT use. In the last of the report, some recommendations are also provided that may help to improve the use of IT in healthcare organizations.

1)      Does your healthcare business need IT?  

Healthcare is a professional field to cure people and serving to save the lives of people. With the passage of time, it is seen a high increase in the demographics in the world and the healthcare department is facing difficulties to manage service and patients. It needs a proper management system to manage the patients, their records, medicines data as well as other healthcare-related information. IT has the ability to resolve all of the problems as well as it can easily manage all of the business areas of healthcare as well as can easily handle and manage the information. So, the healthcare business needs IT application support to handle and organize all of its areas effectively (Horstmeier, 2017).

2)      Why IT is important for business survival?  

IT is very significant for every business survival and the healthcare business is also one of this. The trends of businesses are changing rapidly throughout the world and rapidly engaging with IT because IT has a heavy influence in every field of life. Healthcare business needs IT because it can assist to increase growth and manage records in a better way. People like fast and accurate processing but the old trends of healthcare make the management and healthcare tasks slower. As AI has developed many healthcare equipment, IT provides support and make checkup procedure fast. Furthermore, IT can effectively handle and manage all of the records, finances of hospitals, patient’s data, medicines data, new researchers, and many other things at the same time. So, IT is very important for the healthcare business (Tsvetkova, Thill, & Strumsky, 2014).

3)      What is required to apply IT into your chosen business?

Many healthcare institutes and organizations are using IT applications to manage the activities of the business. IT is working to make any further applications to provide support to healthcare businesses, but some important things are still required to apply IT applications to healthcare. No doubt, IT applications requires investment but it provides various benefits to healthcare business and organizations. The planning, design, and equipment may require the installation and the healthcare management is also required proper training to use applications and equipment. Training is the most important thing that is required. So, the IT staff must be trained to develop applications as well as the healthcare staff must also be trained to use the applications of IT.

4)      How does your chosen business use IT?

Healthcare organizations are using IT applications to manage their businesses and finances. First of all, they are using IT applications and software to take records of their customers as patients. All of the records of patients are stored in their database. The software they use, have multiple panels and modules to manage their patients, employees, labors, management as well as finances of the organization. They are using IT software to manage patients and suppliers such as medicine and equipment providers. On the other side, they are managing their employees by having records, assigning their duties, marking attendance using a biometric system, and calculate and transfer their salaries through online banking.

5)      What benefits and advantages does IT bring to your chosen business?

There are several benefits and advantages of IT for the healthcare business. The very first benefit of IT is that it provides the digitalization of health records by using electronic health records. Furthermore, the electronic health record is also providing greater patient care and it can also alert the treating physician automatically to check patients and their issue. It is very flexible that provides help to improve public health. Furthermore, it also reduces healthcare costs. The data of patients, employees, new researchers, medicines as well as finances saved into the database, it can be accessible at any time. Moreover, it also reduces healthcare wastes, improving life quality, predicting epidemics, as well as improving the quality of care and efficiency to manage all of the healthcare areas (Wang, Kung, & Byrd, 2018).  

6)      What type of risks does IT bring to your chosen business? 

No doubt, the use of IT in healthcare organizations will be very supportive and can also increase the workability, management as well as the profitability of the business. But it also has some disadvantages and risks which can affect the healthcare badly based on the impact. It has sometimes security and privacy risks because many data breaches and cybersecurity attackers can attack the electron healthcare system and steal and damage the confidential information of the healthcare organization. Some online equipment and electronic devices may show incorrect reading due to in contact with any kind of harmful signals. These can be the most important risks related the IT but the security risk can be harmful for the organization.

7)      How can your chosen business maintain and monitor IT?

There can be some errors and issues related to business operations may occur in the IT system of healthcare organization (electronic health record). The healthcare organizations also hired some IT specialists and IT maintenance teams to remove ambiguities and errors from the electronic health record by monitoring operations, security, privacy as well as other business-related IT components. The IT maintenance team tests the system and generates the report on the basis of the current working of the IT system and also checks the availability of data to the authenticated operators of healthcare organizations.

Conclusion of IT Impact on Business (healthcare)

It is concluded that many healthcare organizations are using IT systems and their services to improve their business performances by managing their staffs, employees, suppliers, related stakeholders as well as patients. Healthcare organizations need a proper management system to manage the patients, their records, medicines data. IT has the ability to resolve all of the problems as well as it can easily manage all of the business areas of healthcare. Training is the most important thing that is required for staff members use the IT systems. There are several benefits and advantages of IT for the healthcare business care and it also reduces healthcare costs. It has sometimes security and privacy risks because many data breaches and cybersecurity attackers can attack the electron healthcare system and steal and damage the confidential information

Recommendations of IT Impact on Business (healthcare)

In this section, some important recommendations are provided to improve the quality of electronic health records and IT applications using in healthcare organizations. As everyone knows that cybercrime is the biggest risk and threat to every IT system in the world, the healthcare organization must consider to introduce an IT department in healthcare and hire some qualified IT engineers and information security inspector to provide maintenance supports and monitor security. Computerized AI-based intelligent devices should be introduced in healthcare organizations to speedup checkup procedures. Healthcare organizations must store every patient's information to increase treatment understanding and it can be used in different researches as well as enhance patient trust in the healthcare organization.

References of IT Impact on Business (healthcare)

Horstmeier, P. (2017). Why your healthcare business intelligence strategy can’t win without a data warehouse. IT use in Healthcare .

Tsvetkova, A., Thill, J. C., & Strumsky, D. (2014). External Effects of Metropolitan Innovation on Firm Survival: Non-Parametric Evidence from Computer and Electronic Product Manufacturing and Healthcare Services. . In Applied regional growth and innovation models, 83-106.

Wang, Y., Kung, L., & Byrd, T. A. (2018). Big data analytics: Understanding its capabilities and potential benefits for healthcare organizations. . Technological Forecasting and Social Change, 3-13.