The healthcare neighborhood gathered at ViVE 2022 in Miami in early March to debate the trade’s newest expertise and enterprise methods. The occasion was a superb alternative for healthcare leaders to come back collectively and share their insights on the trade’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 here are the highest three themes that healthcare CIOs have been eager about on the occasion.
Mergers and acquisitions
The latest spherical of bulletins corresponding to …
- Oracle buying Cerner
- Microsoft buying Nuance
- Harris Laptop Corp. buying elements 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 expertise house, and lots of CIOs are maintaining 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 resolution understanding that it’s an acquisition goal.
In keeping with a latest research from Rock Well being, U.S. digital well being corporations secured $29.1 billion in funding in 2021, practically double the quantity invested in 2020. Everyone seems to be searching for unicorns in digital well being. Aaron Miri, SVP, Chief Digital and Info Officer at Baptist Well being in Jacksonville, Fla., stated, “SPACs and buyers that promised restricted upside for start-up valuation are hitting the goal. Everyone seems to be searching for the following unicorn, however the actuality is that we’re driving a well-equipped ford as an alternative of the Bentley the world thinks we drive.”
William Walders, CIO & Senior Vice President, Operations Assist at Well being First, is worked up in regards to the start-up tradition. Walders stated, “plenty of people are nibbling on the edges of huge healthcare and shall 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 buyers at Vive 2022. CIOs corresponding to Walders are advising different healthcare CIOs to work carefully with early-stage corporations and startups on bringing innovation to their group.
Medical workforce burnout is a main focus as scientific groups have been working extraordinarily laborious to struggle the pandemic. Behind the scenes, healthcare organizations are additionally supported by expertise groups, and IT groups additionally skilled excessive ranges of burnout. Kevin Shimamoto, CIO at Valley Kids’s Hospital, is targeted on retaining expertise whereas combating burnout on the similar time. Valley Kids’s Hospital, primarily based in Madera County, Calif., competes with Silicon Valley huge tech corporations as everyone seems to be poaching expertise since staff can work from anyplace in expertise.
Dr. Zafar Chaudry, senior vp, chief digital and data officer at Seattle Kids’s, spends loads 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 techniques have historically not embraced a distant working surroundings, and CIOs are adjusting their administration fashion in supporting a distant setting.
So there you might have it: The highest three themes from the ViVE 2022 healthcare convention that healthcare CIOs shall be eager about for the months forward. These themes will proceed to form the healthcare panorama and the IT infrastructure supporting it.