OverviewOverview - Delivering high-quality care may be the number one priority for healthcare providers, but finding ways to reduce costs has become the number one imperative. The key lies in finding ways to streamline processes, eliminate inefficiency, increase productivity, and improve decision-making. Expanding the use of information technology (IT) is a smart way to reduce costs and improve access to patient and organizational information. A powerful computing infrastructure helps makes it easier to share the patient information necessary for clinical decisions and access the financial data required to drive business decisions. Equally important, today's technologies enable physicians, nurses, and administrators to work together as a single integrated team.

Industry Classification-Option Matrix uses NAICS (2002) classification to determine its coverage in the healthcare industry. We conduct campaigns and track the opportunities in the following segments of the healthcare industry.

Ambulatory Health Care Services:

  • Physicians
  • Dentists
  • Chiropractors
  • Optometrists
  • Mental Health Practitioners
  • Physical, Occupational and Speech Therapists, and Audiologists
  • Podiatrists
  • Outpatient care centers
  • Family Planning Centers
  • Mental Health and Substance Abuse Centers
  • HMO Medical Centers
  • Kidney Dialysis Centers
  • Medical Laboratories
  • Diagnostic Imaging Centers
  • Home Health Care Services
  • Ambulance Services
  • Blood and Organ Banks

Hospitals:

  • General Medical and Surgical
  • Psychiatric and Substance Abuse
  • Specialty Hospitals

Nursing and Residential Care Facilities:

  • Nursing Care Facilities
  • Residential Mental Retardation Facilities
  • Residential Mental Health and Substance Abuse Facilities
  • Community Care Facilities for the Elderly

Social Assistance:

  • Child and Youth Services
  • Services for the Elderly and Persons with Disabilities
  • Community Food Services
  • Community Housing Services
  • Vocational Rehabilitation Services
  • Child Day Care Services

Health CareWhat is Healthcare? - Healthcare is defined as the prevention, treatment, and management of illness and the preservation of mental and physical well-being through the services offered by the medical and allied health professions.

Health care includes, but is not limited to preventive, diagnostic, therapeutic, rehabilitative, maintenance, mental health or palliative care and sale or dispensing of a drug, device, equipment or other item in accordance with a prescription. The services provided by establishments in this sector are delivered by trained professionals. All industries in the sector share this commonality of process, namely, labor inputs of health practitioners or social workers with the requisite expertise. Many of the industries in the sector are defined based on the educational degree held by the practitioners included in the industry.

Trends & Challenges - One of the major challenges faced by the pharmaceutical industry is to reduce the time and effort involved in getting a drug to the market. Increasing use of IT solutions in the drug discovery processes and the clinical trial stages have meant significant reduction in the time to market of blockbuster drugs. This has also been facilitated by the support provided by software solutions in the area of electronic data management, e-clinical trials and outsourcing of the IT requirements of R&D, thus easing the burden on pharmaceutical companies.

Trends and ChallengesHealthcare delivery has undergone major changes in quality and sophistication over the past several years. Numerous factors have contributed towards these improvements that have greatly enhanced the overall patient experience in healthcare. Key among them is the increasing role and use of IT in managing hospital processes and workflows. IT helps healthcare organizations improve their technical architecture to support and adapt to continual changes; provides value-added tools and services to help manage hospitals as enterprises; provides decision support systems and care pathways that improve diagnoses and treatment; improves telemedicine services with real-time image and video transfers; and ensures the availability of health information to the public.

Solution Framework - Option Matrix has targeted small and medium sized enterprises in the healthcare industry and identified solutions which are useful for these businesses.Here is the list of software solutions offered by Option Matrix to the healthcare industry:

  • B2B Integration of hospitals with suppliers
  • Function Automation & Integration
    • Purchasing and Material Management (Inventory Control)
    • Equipment Maintenance
    • Pharmacy Management
    • Lab Management
    • Billing and Accounts Receivable
    • Library Management
    • Physician Management
  • Appointment Scheduling
  • Electronic Patient Records
  • Content Management
  • Customer Support

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