Emergence of Covid-19 is expected to propel growth of the hospital capacity management systems market. Globally, as of 3:36pm CEST, 30 May 2021, there have been 169,597,415 confirmed cases of COVID-19, including 3,530,582 deaths, reported to WHO.
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Hospital capacity management (HCM) is an operational management technique utilized to maximize the utilization of available resources in a medical center. Hospitals can apply HCM by developing comprehensive strategic plans (SCP) to identify current and future demands. These plans are designed to integrate the entire operations of the facility under the common operational goal. This practice allows for the evaluation of the existing operational procedures and the creation of improved ones according to future demand. Thus increasing adoption of HCM is also expected to aid in growth of the hospital capacity management systems market.
The main objective of the HCM is to ensure that the entire hospital capacity is analyzed including all operational processes. When this is done, the system will then create a baseline capability level that can be measured against future demand. This method is very effective in improving quality patient care in healthcare settings as it identifies areas where improvements are needed the most. In addition, this method also assists in the allocation of scarce resources between different functions within the medical institution.
Hospitals are the main end user in the hospital capacity management systems market. With the assistance of HCM, hospitals can evaluate their current situation and design improved processes that can better accommodate future needs. For instance, if there is a sudden increase in patient traffic, the floor space required per patient can increase. This means that additional beds, surgical units and laboratory space need to be added to the existing ones. By applying HCM, it is then possible to identify how much additional capacity should be developed so that there is enough room for new patients. This practice also helps in addressing any shortfalls that exist within the existing system so that they can be rectified before a crisis situation occurs.
One of the primary benefits of implementing a comprehensive HCM strategy is the improvement of patient care. In healthcare facilities, a balanced patient flow is essential to guarantee quick recovery and proper staffing levels. In hospitals where this is not achieved, patients tend to suffer both physically and emotionally as waiting lists grow and overflow. Thus, increasing focus on patient care is expected to aid in growth of the hospital capacity management systems market.
Top Key Players Include In Hospital Capacity Management Systems Market: Cardiofocus, Inc., Biosense Webster, Inc., Biotitic Se & Co. Kg, St. Jude Medical, Inc., Medtronic, Inc., Carima, Inc., Boston Scientific Corporation, Ncontact, Inc., and Agricore, Inc.
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