A patient’s experience, comfort and care is highly paramount for the healthcare industry to measure their quantity of success.
Magna Meditech’s sole goal is to help our clients achieve a seamless patient experience.
Magna Meditech has integrated delivery processes with our customer at the heart of our work ethics, to continuously enhance quality, productivity and deliver reliable high quality products.
Our philosophy has always been to create value for our customers, investors and society at large by inspiring purpose. We achieve this through deep customer insights that lead to solutions, experiences and relationships that continually improve performance of our customer’s businesses.
This sustained principal has assured Magna Meditech of a rich history of successful partnerships and futuristic outlook that’s relevant in the upcoming generations.
We also practise strict risk management on our education, internal environment, whilst setting objectives identifying events for risk response for better controlled and informed activities.
GLOBALLY, AS MANY AS 4 IN 10 PATIENTS
ARE HARMED IN PRIMARY AND OUTPATIENT HEALTH CARE.
UP TO 80% OF HARM IS PREVENTABLE
An example of prevention is engaging patients, if done well,
it can reduce the burden of harm by up to 15%.
Each year, 134 million adverse events occur in hospitals in low- and middle-income countries (LMICs), due to unsafe care, resulting in 2.6 million deaths. Another study has estimated that around two-thirds of all adverse events resulting from unsafe care, and the years lost to disability and death (known as disability adjusted life years, or DALYs) occur in LMICs. The most detrimental errors are related to diagnosis, prescription and the use of medicines. In OECD countries, 15% of total hospital activity and expenditure is a direct result of adverse events. Investments in reducing patient harm can lead to significant financial savings, and more importantly better patient outcomes.
THE GROWING HEALTHCARE INDUSTRY
Over the next years, health spending is expected to rise at a more robust compound annual growth rate (CAGR) of 5%. Global health care spending as a share of gross domestic product (GDP) will likely remain at around 10% percent through the next decade.
The global healthcare industry’s interest in outsourcing has grown massively in the recent years due to the industry’s drive to reduce costs while still being able to provide quality healthcare service.
5 reasons the healthcare industry should think about their non-healthcare operations:
1. Critical Mistakes are Avoided
2. Reduced Training Costs
3. Access to Expert and Trained Professionals
4. More Focus on Giving Quality Patient Care
5. Top-Quality Results with Cost Reduction