Gone are the days when the management of a healthcare practice used to be self-seeking, focusing less on the healthcare delivery. The concentration of the management in those days manly used to be on acquiring advanced medical equipment, improving efficiency of the medical teams, developing hospital infrastructure and better marketing strategies.

Thanks to the peer competition that changed the whole scenario in the field of healthcare. In addition, the healthcare receivers also have become aware of their needs and the kind of medical support they required. This is the nature that urged the hospitals to adapt and be more specific about the product they deliver and ensure they are up to the patient’s expectations.

The innovations in Healthcare have made astonishing advancements over the decade. Yet, there is a significant need to reduce the gap between the healthcare providers and the receivers. Through the following 3 unique and innovative approaches the Healthcare industry can avoid this gap for the betterment of both ends.

• There have been many instances that proved that cost-cutting efforts in treatment backfires the efforts a hospital is taking to increase its reputation.
• Rather than hospitals focusing on cost-cutting ways, the management find new ways to provide cost-effective and values based treatment solutions which in turn increases the patient flow, gradually but certainly.
• The expectations of the patient Trust and loyalty are the key factors in the success of any business. For Healthcare, this is in fact more than vital and a successful healthcare practice ensure they deliver up to the expectations.
• Accountability and transparency will lead to trust. A hospital for the wellness of the patient should never neglect these factors. The practice that ensures a patient feel secured is certainly in the pathway for success.

• Innovative and effective business model help the hospitals to be more efficient in terms of quality and delivery. Hospitals still need process improvements in order to increase the efficiency levels.
• Effective business model, particularly those integrate various aspects and stages involved in treatment process should be implemented.
• Proximity plays a vital role in the success of a hospital. The players should give a thought of patient’s convenience while planning the infrastructure of the hospital. Starting from the screening process to post-operative care, the facilities should ensure proximity.
• A perfect business model encourages the hospital systems to cut the cost by providing improved treatment solutions and enhances the patient experience within the hospital atmosphere.

• The involvement of Information Technology in the field of Healthcare has made it necessary for all the hospitals to adapt the technological advancements for patient betterment rather than to keep up the pace with the peer competition.
• It is important to know when is the right time to invest in the technology as every hospital will have different goals and objectives when it comes to investments.
• New and improved diagnostic equipment and drug reduces the need for multiple diagnostic process which in turn reduces the cost for the treatment. The hospitals should be advanced in acquiring updated technologies.
• Taking full advantage of the IT in healthcare to store patient information and thus connecting the dots in the process of treatment reduce the scope for any errors or misunderstandings.

Apart from these 3 innovations, hospitals should prefer the practices that improve the patient movement order in the hospital. It is the healthcare receivers who empower the providers. The hospital that follows the notion ‘Patient First’ certainly becomes the first preference of the patients and it enables the healthcare practice to be successful.