Analysis of Innovation in Healthcare - Special Academic Support

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The innovation of 3D printing in healthcare has influenced enhanced healthcare outcomes by cutting costs and improving access. 3D innovation has led to the development of more advanced surgical equipment such as drill guides and prosthetics that are lighter, stronger, and safer. Moreover, 3D technology facilitates the creation of replica bones, organs, blood cells, tissues, and blood vessels crucial for regenerative medical procedures and tissue engineering. By making previously complex medical procedures simpler, 3D printing substantially reduces healthcare costs and duration, hence improving accessibility (Trenfield et al., 2019). According to the patients profile and health needs, medical products, drugs, and equipment can be customized using 3D printing. Therefore, 3D printing can create patient-specific tooling by just selecting the file rather than conventional manufacturing methods.

The development of Application Programming Interfaces (APIs) has gone a long way to improve healthcare banking through better data utilization. The primary function of API is to integrate the coordination between various applications to develop multiple cloud-based applications. The user sends the financial request through mobile applications, and the banking system sends a response to the user (Singh & Malik, 2019). This has provided banks modular platforms whereby healthcare institutions can render their services and seamlessly integrate the technology between them. Therefore, many hospitals can offer banking services and options to their consumers without requiring a banking license. APIs influence healthcare banking by advancing medical billing and health insurance claims to be more fast, secure, and efficient than traditional payment methods (Singh & Malik, 2019). Banking services have become extensive, mainly benefiting the banking institutions while providing an efficient a patient experience in the contemporary cashless payment methods. The financial options under API are transparent and unlimited to distance, amounts, and frequency of transactions.

References

Singh, R., & Malik, G. (2019). Impact of digitalization on Indian rural banking customer: with reference to payment systems. Emerging Economy Studies, 5(1), 31-41.

Trenfield, S. J., Awad, A., Madla, C. M., Hatton, G. B., Firth, J., Goyanes, A.,& & Basit, A. W. (2019). Shaping the future: recent advances of 3D printing in drug delivery and healthcare. Expert opinion on drug delivery, 16(10), 1081-1094.

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