Advantages of Digital Signatures in the Healthcare Industry

 DrySign helps your business manage all your medical contracts and document signing workflow through efficient and secure digital signatures while enhancing your patient experience.

The healthcare industry is an indispensable sector that provides diagnostics, preventive, and rehabilitation care to patients based on their medical conditions. With evolving technologies, the healthcare industry has been undergoing a digital transformation for the last few years. Like the majority of other sectors, the primary goal of the healthcare industry is to deliver smooth experiences for its customers, i.e., its patients, while maximizing profits and boosting business. Factors like time management, minimizing expenses, company compliance policies, and top-notch security play a major role in healthcare in promoting patient satisfaction and streamlining overall administrative processes.

To provide effective solutions with high-quality care, hospitals rely on paper trails to maintain complete, accurate medical records of every patient. As a result, automating traditional documentation processes while maintaining compliance has become imperative in helping the healthcare industry achieve business targets. Modern automation solutions like digital signatures can help healthcare institutions organize and restructure their document-signing workflow and boost overall business performance.

Adopting digital Signatures

Managing, scanning, and printing paper-based documentation such as patient forms, admission procedure forms, medical insurance forms, vendor agreements, etc., can be a big hassle for the hospital staff as well as the patients. Electronic signatures can help by eliminating the need to print, scan or handle documents, and offer hospitals complete visibility into their day-to-day operations. In addition, electronic signatures allow the healthcare industry to reduce errors, make significant cost savings on paper and consumables, and significantly reduce their carbon footprint.

Digital signatures are also HIPPA (Health Insurance Portability and Accountability Act) compliant, allowing the healthcare industry to authenticate and manage digital identities to protect the confidentiality and integrity of all their data.

The COVID-19 pandemic has made industries transition to the cloud, making digital signatures more vital than ever. According to a survey, 60% of healthcare professionals signed more digital documents in 2020 during the pandemic.

By choosing the right e-signature solution, businesses can transform their patient experience by simplifying document management and maintaining compliance with added security. Now that we know how the healthcare industry is leveraging digital signatures lets us look at a few benefits the healthcare industry can reap by adopting digital signatures.

Benefits of digital signatures in healthcare

· Better Patient experience

A positive patient experience has a significant impact on the overall efficacy and reputation of a healthcare organization. Long queues, delayed processing of forms, and chasing paperwork can lead to a hassled patient experience. Adopting digital signatures not only speeds up the process for patients but also makes it easier for doctors and hospital staff to fastrack their crucial processes and document-signing workflow. Using digital signatures, patients can access and sign forms any time from any device, saving their valuable time and money.

· Approvals

Hospitals collect the patient’s signature on consent forms and agreements for any medical procedure or receipt of any medication. These forms usually contain the benefits and risks of their treatment options. Using digital signatures, patients can effortlessly sign these agreements and forms and store them electronically for future reference, rather than going through the endless hassle of printing and scanning.

· Ease of Medical billing

Instead of signing manually, patients can use digital signatures to sign all their medical bills electronically. Manual signatures are likely to fade away over time, making it difficult to read during audits. In such instances, a patient may need to pay the bill again, thereby doubling their expenses. A robust electronic signature solution can eliminate such occurrences.

· Drug purchase and distribution

Tracking the movements of goods and services in the healthcare industry requires signatures at every interval. For example, using digital signatures can help trace and monitor the progress of pharmaceutical drugs as they are distributed across various locations. With a single click, a patient can receive updates on what they need and when it arrives. Likewise, administrators will also have updates on the orders to be signed, delivered, and accepted.

A digital signature solution can expedite up the overall signing process by eliminating the need for hand-written signatures. These solutions save time as documents are no longer required to be printed, scanned, and sent for approvals. An electronic signature software initiates any necessary actions immediately by permitting access to anyone with authentic login credentials, allowing sharing of documents between the selected parties involved within the agreement, and instantly collecting signatures wherever required. Besides, with easy access, these solutions also allow healthcare professionals to work on the move or visit patients at their homes.

By using a robust digital solution like DrySign, healthcare businesses can automate the end-to-end process of collecting signatures and approvals, thereby boosting productivity and ROIs and enhancing the patient experience.

Want to learn more about DrySign? Read more here. https://www.exela.digital/rn6

Get in touch with our experts today: https://www.exela.digital/0y2