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The healthcare group gathered at ViVE 2022 in Miami in early March to debate the business’s newest know-how and enterprise methods. The occasion was a superb alternative for healthcare leaders to come back collectively and share their insights on the business’s most urgent points. This yr’s convention was particularly necessary, as healthcare suppliers face growing monetary burdens and affected person expectations proceed to evolve. Listed below are the highest three themes that healthcare CIOs had been eager about on the occasion.
Mergers and acquisitions
The current spherical of bulletins reminiscent of …
- Oracle buying Cerner
- Microsoft buying Nuance
- Harris Pc Corp. buying components of Allscripts
- Baxter buying Hillrom
- Stryker buying Vocera
- and others
… makes healthcare CIOs reevaluate their portfolio of merchandise to align higher strategically and set up new or deeper partnerships. We are going to proceed to see vendor consolidation within the healthcare know-how house, and lots of CIOs are conserving that theme at the back of their thoughts as they make buying choices. The primary query is whether or not decision-makers will gamble on an early-stage answer realizing that it’s an acquisition goal.
Unicorn search
In line with a current research from Rock Well being, U.S. digital well being firms secured $29.1 billion in funding in 2021, practically double the quantity invested in 2020. Everyone seems to be on the lookout for unicorns in digital well being. Aaron Miri, SVP, Chief Digital and Data Officer at Baptist Well being in Jacksonville, Fla., mentioned, “SPACs and traders that promised restricted upside for start-up valuation are hitting the goal. Everyone seems to be on the lookout for the following unicorn, however the actuality is that we’re driving a well-equipped ford as a substitute of the Bentley the world thinks we drive.”
William Walders, CIO & Senior Vice President, Operations Help at Well being First, is worked up concerning the start-up tradition. Walders mentioned, “a lot of of us are nibbling on the edges of massive healthcare and might be profitable in methods we are able to’t be.” Examples embrace the announcement of Amazon digging into the retail pharmacy house by teaming up with Blue Plans in 5 states to roll out prescription low cost financial savings playing cards.
We noticed many start-ups and traders at Vive 2022. CIOs reminiscent of Walders are advising different healthcare CIOs to work intently with early-stage firms and startups on bringing innovation to their group.
Workforce burnout
Medical workforce burnout is a major focus as medical groups had been working extraordinarily onerous to battle the pandemic. Behind the scenes, healthcare organizations are additionally supported by know-how groups, and IT groups additionally skilled excessive ranges of burnout. Kevin Shimamoto, CIO at Valley Kids’s Hospital, is concentrated on retaining expertise whereas combating burnout on the identical time. Valley Kids’s Hospital, primarily based in Madera County, Calif., competes with Silicon Valley huge tech firms as everyone seems to be poaching expertise since staff can work from wherever in know-how.
Dr. Zafar Chaudry, senior vice chairman, chief digital and knowledge officer at Seattle Kids’s, spends a whole lot of time assembly with frontline distant employees to make sure that they’re engaged and really feel inclusive from working in a distant surroundings. Well being programs have historically not embraced a distant working surroundings, and CIOs are adjusting their administration fashion in supporting a distant setting.
So there you’ve gotten it: The highest three themes from the ViVE 2022 healthcare convention that healthcare CIOs might be eager about for the months forward. These themes will proceed to form the healthcare panorama and the IT infrastructure supporting it.
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