In: Economics
Treading the unchartered territory
With looming uncertainties over Covid-19, there are two possible
outcomes at this stage—a prolonged contagion resulting in a global
recession or a successful containment or cure that leads to quick
recovery of patient and economic health. However, there are
longstanding challenges that even the most well-developed
healthcare systems in the world are striving to overcome:
Limited resources & staff shortage: The pressure on ‘already limited’ resources could lead to personal protective equipment (PPE) demand surpassing its supply. This could put frontline medical staff at risk, which means growing fear around a shortage of medical professionals.
Solution: Finding a method that can sanitize the PPE kits and reuse it. So there will not be much shortage for them and it will be also financially beneficial.
Payment models: Ensuring non-erroneous billing void of technical glitches is paramount. Complex collection strategies and cost-sharing arrangements simply add to the woes during these pressing times. Allocating resources effectively is important to ensure as it directly impacts patient outcomes.
Solution: Attach their bills with their bank account or credit card or mobile numbers. We can use this method for providing e-bill to avoid congestion.
Monitoring and tracking: The overwhelming number of patients can make tracking and monitoring a tedious task for healthcare providers while also protecting the staff.
Solution: Hire more staffs or use robotic science to develop advanced monitoring methods to overcome this situation.
Increased operations: Insurers have been facing a sharp increase in inquiries about policies, and managing the call centre volume is getting difficult with staff shortage and a sudden shift to remote work practices.
Solution: Government should take initiative to process the insurance policies through online. In many countries online retailers are also providing the medical insurances. This will reduce the rush in the insurance agencies,