The electronic signature is a huge billion-market that grew rapidly. Studies expected that the market of electronic signatures will increase to USD 5.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 36.7% during the forecast period according to markets & markets report.

We are living in a digital world. Our world is getting faster every day. The automated management process with a no-paper workflow is already replacing the traditional process. Well-known brands in the healthcare field and other fields have already shifted their corporates and management processes to be ready for 2020; the year of digital.

Believe it or not! In the next few years, you will shift too. Papers around you will be less either pens may become rare! The traditional process of signing and its silly problems like stopping transfers in banks and repeated visits to banks will be replaced by the smart electronic signature. Hospitals and healthcare providers are more eager to implement this technology according to their needs to increase the speed of processes to save more lives.

Also, there many reasons are why hospitals need an electronic signature before 2020:

1- Electronic signature is more convenient for your patients:

By 2020 the number of mobile users will jump to 2.87 billion according to a recent study by Statista thanks to digital technology. This reflects on the preferences of people to do their business digitally that visit a location.

Your patients have these preferences too! They prefer to do things like signing papers over the internet than a geo visit. Optimizing your hospital workflow to fit them will increase their satisfaction as well as patients’ loyalty.

2- Do time-sensitive events fast & accurate:

The healthcare field is very time-sensitive. A late minute may cost a life! Delaying in routine procedures hurts the well-being of patients. E signature helps saving lives by accelerating the execution of procedures in a critical time. Due to the erasing of place and time limitation. So your time will be more focused on patients than paperwork!

3- Guarantees a high level of security :

For your security purposes, the simplicity of E-signature also provides high levels of security preventing fraud (a study showed that organizations lose around 5% of annual revenue due to fraud)

Electronic documents and signatures can protect you against fraud because they are difficult to amend or modify without prior authorization, so you’ll be notified to take your Precautions.

4- Electronic signature tracking ability prevents conflicts:

Electronic signature systems have a smart way to track when and where the signature has been applied providing more security than just a soft copy of a patient’s signature. The moment a patient appends his/her signature a timestamp is created to define the accurate time of the signing which no one can modify. Thus healthcare providers to track the signing processes.

5- Electronic signature provides immediate cash flow:

Smart workflow, smooth procedures, and immediate cash flow are important reasons why you need to integrate the electronic signature system with your HMIS. You get your patients’ signatures on the spot on an electronic signature device or something similar, so you can ensure the immediate flow of funds to your hospitals and clinics.

6- Reduce errors and save money:

How much do errors cost your business? Errors in data can Obstruct the processes and cost a fortune!

Errors can be also from signing documentation which may lead to missed partnerships! The electronic signature solution helps to reduce the risks that come with signing errors by sending alerts whenever it detects compliance problems or questionable records so you can solve these problems immediately and avoid costs.

In Conclusion:

As well as the accuracy and intelligence of electronic signatures, these systems provide a great user experience for your staff and patients. You are also increasing patient satisfaction and loyalty for your hospitals which reflects on word of mouth for your healthcare services benchmarking your healthcare organization as a market leader in the health industry. However, you will need technical advice to choose the most suitable electronic signature. You are welcome to contact our team to have such a piece of advice.