Ecommerce’s Role In The Medical & Health Care Sector

Some of the earliest forms of medicine and medical practices were the use of natural resources like
plants and animal parts. During the early 20th century, the development of medicine changed drastically.
What was a possible cause for this major shift in thinking was the rejection of the traditional way of thinking
and approach to science? In spite of strong resistance from some, many open-minded individuals led the way
in improving or rejecting the old theories of the past.

E-commerce is the process of buying and selling, exchanging products, services, and information via computer networks. Currently, the use of e-commerce in health care is very general. The most common uses are keeping electronic medical records, the transmission of information and telemedicine.Making medicine accessible online not only benefits doctors and their patients, it could also improve relationships between hospitals, clinics, suppliers and customers.

E-commerce Strategies

Because of the rapid advancement in technology, the expectations of consumers for quality health care are high. Hospitals, clinics, and other healthcare providers have to deal with consumer expectation whilst doing it in the most cost-efficient way. The company’s electronic health records system now handles one million doctor visits every day or about 22 percent of the U.S. total.

New Technologies for Healthcare

E-Commerce IT expenditures by the healthcare industry, typically averaging under 2 percent of revenue, have trailed other industries such as banking (6 percent) and transportation (14 percent), among others.3 Over the years, this negligence has resulted in an industry characterized by poor communication infrastructure, as well as ineffective and inefficient decision models. The next section provides a brief introduction to technologies that hold the promise of bolstering the IT status of the healthcare industry in both these areas within the B2B and B2C frameworks.

Healthcare eCommerce Websites Generate Positive Results

Today 10 to 15 percent of the revenues in the healthcare supplier sector come from eCommerce websites. A lot of suppliers in the space, after they do the return on investment analysis of moving to B2B eCommerce processes, see a range of 25 to 30 percent. Some of the more mature players are beginning to see as much as 60 to 65 percent of their business through Web orders.

Digital Commerce for Better Patient Care

Whether selling or purchasing medical supplies, all parties agree that digital transformation in the healthcare supply chain management space helps everyone’s ultimate end customer: The Patient.

The explosive growth in the last few years has already hurled the biggest firms among these ventures past the billion-dollar territory. Indian eCommerce is projected to explode from $10 billion to $43 billion in the next five years.

Ndimension Labs build a seamless E-Commerce Application for Health Care by making an extensive research.