Thursday, 12 July 2018

Healthcare Biometrics: Opportunity of Future Growth

Healthcare is one of the most important categories in the expenditure of any country and plays a vital role globally. According to the World Health Organization(WHO), the United States spent more on healthcare per person than any other country. With the huge economy, this healthcare industry is always under threat from people with malicious intents. In this way, the security concerns are growing and integrate with Information Technology (IT) to provide easy and secure healthcare processes. These processes involve the growth of the global healthcare biometrics market. A report published by 'Coherent Market Insights' says that the Global Healthcare Biometrics was estimated at US$ 1,333.1 million in 2015 and is projected to expand at a CAGR of 23.4% during the forecast period (2016-2024).
According to the survey, around $80 billion costs of American taxpayers lost in fraud in a year. Except for this, the world can also face other healthcare fraud like fake billing, duplicate claims, identity threats etc. In 2017, America got badly affected by the malware attack in the hospitals which was rendering several computers and devices encrypted. This is the finest example why we choose biometrics with information technology because more and more dependency on information technology only has opened doors for cybercriminals to steal the patient records and other valuable asset information. These factors would augment the growth of healthcare biometrics market at a rapid rate.
Use of biometric techniques tends to the organization for cost reduction, healthcare record security, patient tracking, remote patient monitoring, workforce management, and allow access to the only authorized person. In this way, it facilitates the right treatment to the right person according to their medical records.

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