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The Role of Technology in Driving Affordable Healthcare

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Brillio CTO Chander Damodaran Shares Some Promising Trends in Healthcare Market Dynamics 

If any event could cause a massive upheaval within the healthcare industry, it would be a global pandemic. COVID-19 forced institutions and practitioners to reevaluate their methods and internal systems from top to bottom. Technology, telecommunications, and consumer industries pivoted their attention towards the healthcare industry looking to address new challenges and disruptions caused and revealed by the pandemic. Telehealth, in particular, saw a massive increase in interest and funding from these sectors as the global pandemic accelerated the need for digital solutions. 

At digital tech companies like Brillio, team members search for solutions to the challenges faced by patients and practitioners alike. Their team is focused on developing forward-thinking, real-world tech to meet the growing public demand for better, more efficient healthcare. According to Brillio’s data, the global healthcare IT market is projected to grow 29.3% within the next 8 years reaching a value of $135.6 billion. The telehealth revenue share in the global healthcare IT alone is anticipated to grow at a rate of 41%, the fastest growth rate ever recorded. 

According to the CTO of Brillio Chander Damodaran, the market is becoming vastly more patient-centric. For digital tech companies, the time is opportune to develop technology solutions that can benefit the average patient. Most of us are pretty comfortable with wearable technology- think Apple Watch or Fitbit for example- but there is massive potential to digitize all of the different systems including wearables to create a truly connected digital experience. Tech that monitors and shares health parameters is nothing new, and it could be just the beginning. Telehealth is poised to bring patients and providers closer than ever before, if not physically, then certainly virtually. Damodaran predicts a swift increase in the utilization of telehealth services of 38% post-pandemic as health systems weave digital solutions into their institutional systems. 

In his opinion, there is a massive demand for telehealth solutions that benefit consumers by making pricing and procedural information more transparent. One way this is manifesting is through the emergence of mandates from the Centers for Medicare & Medicaid Services (CMS) and the Office of National Statistics. These mandates, including the CMS Interoperability and Patient Access Final Rule published in May 2020 and the CMS Price Transparency Final Rule published in July 2022, would allow patients to make an informed decision on their providers and services thus offering greater control over their healthcare plans and spending. 

Damodaran is optimistic about where the industry is headed in relation to digital tech. From venture capital to private investment, investment in telehealth is booming. Increased interest in tech solutions for the healthcare industry is driving up investment rates, allowing for more development. This could result in better immersive and wearable technologies, the acceleration of solutions like digital twins, and the development of new tech solutions.

While many are still trying to understand the extent of their healthcare costs, increased accessibility and transparency remain at the forefront of the conversation. All these trends are not only exciting developments for the tech world and interesting opportunities for investors, but they are also potentially life-changing developments for each one of us leading to affordable healthcare and access to globally renowned experts and practitioners.

For more information about the role of technology in healthcare, visit www.brillio.com. 

Michelle has been a part of the journey ever since Bigtime Daily started. As a strong learner and passionate writer, she contributes her editing skills for the news agency. She also jots down intellectual pieces from categories such as science and health.

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Health

9 Simple Steps to Dealing with a Broken Tooth

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Credit: freepik via Freepik

It’s movie night, and you have an obligatory bowlful of popcorn balancing on your lap. You toss a handful of popcorn and — crack — you unknowingly bite down on a kernel with the full power of your jaw. 

Lightning strikes your mouth as you realize this humble kernel broke your tooth. 

Now what? 

Besides pausing the movie and spitting out your mouthful of popcorn and tooth, you might not know your next steps. 

What should you do, and how can you pay for it? Find the answers to these questions and more below:

1. Save the Pieces 

If possible, save any broken pieces of the tooth. Your dentist might need these pieces.

2. Rinse Your Mouth 

Gently rinse your mouth with warm water to clean the area. Avoid using hot or cold water, as it might aggravate any exposed nerves. 

3. Control Bleeding 

If you bleed, apply gentle pressure to the area with a clean cloth or gauze. You can also use a cold compress on your jaw or cheek to reduce swelling.

4. Contact Your Dentist

Reach out to your dentist immediately. Explain the situation and try to schedule an emergency appointment. Many dentists reserve slots for urgent cases. If they don’t have a spot available, look at specialty emergency clinics in your area.

5. Get Over-the-Counter Pain Relief

Broken and chipped teeth can hurt, so take some over-the-counter pain relievers to help manage this pain until you can see your dentist. 

6. Check Insurance Coverage

Review your dental insurance policy to understand coverage details. Some policies may cover emergency procedures, while others may have limitations.

7. Discuss Payment Options

If cost is a concern, discuss financing options with your dentist. Some dental offices offer flexible arrangements that give you a break. If you qualify for these plans, you might be able to push out your due date to coincide with your payday. You may even be able to break up your total outstanding amount over several payments. 

8. Take out a Personal Loan

If you’re just shy of what you need to cover your emergency dental expense, consider going online to scope out personal loans. A personal loan may fill in for savings in urgent situations. You can quickly visit a website like MoneyKey to see what you need to apply. If approved, a personal loan gives you the means to pay for your visit upfront and pay off what you owe over time. 

9. Consider Urgent Care Clinics

If your financial situation is such that you can’t afford a personal loan’s payments, reconsider your choice of dentist. Some dental practices apply a sliding scale to their services so that they can provide immediate care at a lower cost for at-risk individuals. 

Next Steps: Thinking About the Future

So, you’ve managed to repair your tooth and pay the bill, too. What’s next? Make sure you hit these three goals soon. They can help you prevent another broken tooth in the future!

  1. Stay on Top of Dental Hygiene: Brush at least twice a day and floss once a day — these simple habits can protect your teeth over time. 
  2. Schedule Regular Checkups: Keeping up with regular cleanings can also help you prevent future dental emergencies. 
  3. Build an Emergency Fund: Sometimes, accidents happen. Consider building an emergency fund specifically for unexpected dental emergencies.
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