IPS Technology Services President and CEO Pradip Sengupta leads off a Panel Discussion on Roadmap to Healthcare IT held and organized by Automation Alley at its headquarters. Mr. Sengupta shared his thoughts with the panel attendees that “skyrocketing healthcare cost and its containment” is one of the hottest topics at the national level today and how technology could be used as one of the most effective tools to address this problem.
The insurance premium per employee paid by an average company has increased by 2.5 times compared to 2002. The national health care expenditures were expected to rise by 6.9%, two times the rate of inflation. Total spending was $2.4 TRILLION in 2007, or $7,900 per person, which is 17% of the GDP. At this rate US Healthcare cost is expected to reach $4.3 TRILLION in 2017. Most experts will agree that the uncontrolled increase in Healthcare cost is due to inefficiencies, excessive administrative expenses, inflated prices, poor management, and inappropriate care, waste, and fraud.
Mr. Sengupta discussed how end-to-end process mapping and using technology for overall integration can reduce administrative costs by cutting down cycle time, repetitive non-value added tasks, and waste. As there are many reasons for the rise in healthcare costs and its uncontrolled growth, there must be a systematic way to develop a multifaceted and integrated solution. “We need to evaluate the problem in its entirety and address processes, standards, security, tools and technologies”, he added.
IPS Technology Services provides end-to-end IT services to Small to Medium Businesses (SMB) in Michigan with a particular emphasis on the Manufacturing ERP, Healthcare IT, Litigation IT, and Insurance Industries. IPS solves business problems by developing custom applications using state of the art tools such .Net, C#, VB, SaaS, SOA, Oracle, SQL Server, as well as by using third party software such as SAP Business One, CT Summation, Salesforce.com, and Microsoft Corporation.