Electronic signature software is a huge market that grew rapidly from $89 million to $754 million in just five years, and by 2023 is expected to reach $9.07 billion growing at a CAGR of 34.7% during the forecast period.

In the healthcare industry, there is a lot of paperwork that needs to be filled out and signed, and it’s great if you could spend less time doing paperwork and more time with patients, by implementing a paperless work environment and adopting e-signature software will add efficiency and be more cost-effective for your hospital, where you can save money and time, and gradually cut down expenses involved in printing documents, faxing, and purchasing other stationery items.

Electronic signature gives you the ability to collect signatures on documents shared electronically, and here are some valuable benefits:

1-Reduce costing:

Compared to traditional paper documents, using electronic signatures is more cost-effective. You save paper, printing, packaging, and shipping costs. As well as all the related travel expenses if you deliver documents to your clients or partners personally. 

2-Increase productivity:

The time you save while using e-signature technology makes you more productive by allowing you to focus on the patient more than doing paperwork.

3- Improve Patient experience:

Patient satisfaction is a significant factor influencing your healthcare institution’s success, and your Patient would be more satisfied if your interaction with them became easier and more efficient.

4-Enhance security:

Online signature tools help you to protect your private and legal documents, these tools don’t allow anyone to enter into your records or copy your signature.

5-Easy maintenance of e-records:

 Archive electronic medical records documents electronically for easier and cost-effective retrieval and storage.

6-Facilitate reporting :

With e-signatures, it is easier to prove what occurred during the medical documents review and signing process, this is usually important for compliance, internal reporting, and litigation purposes.

7-Digital transformation :

Enable patients to sign medical records anytime, anywhere, and on any device, No one likes sitting in a doctor’s office with a clipboard it’s inefficient and time-consuming.

In conclusion:

Electronic signature is growing in importance in every aspect of life, especially in the healthcare industry, but choosing the right e-signature platform is even more important to ensure regulatory compliance, so SBS offers the best e-signature solution which is the simplest, fastest, and most secure way to get any document signed electronically and allows you to easily send, receive and manage legally binding signatures for your business of any size.