Feb 23 2024

The Balancing Act of Tight Budgets and Healthcare Innovation

Health systems face many challenges in a precarious economic landscape. But they don’t have to begin their transformation journeys alone.

As healthcare organizations continue to face cybersecurity concerns and workforce constraints, industry leaders are still finding ways to push forward on their digital transformation journeys and prioritize innovation where they can.

Some 85 percent of healthcare leaders expect to boost spending on technological solutions into 2024, according to IDC research, and top areas of investment include telemedicine and remote patient monitoring, cloud computing, artificial intelligence for clinical applications, and IT operations.

Ultimately, healthcare organizations want to stay focused on improving patient care and easing workflows for clinicians. That may require them to re-examine the tech investments they’ve already made, reimagine old processes that may no longer serve them or choose emerging tools that support their strategic missions.

But they don’t have to forge a new path alone. Whether they rely on their peers or on outside partners, healthcare organizations can find the support they need to achieve their goals.

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Healthcare Organizations Are Feeling Empowered to Change

HealthTech welcomes the first quarter of 2024 with stories from healthcare leaders who are helping to drive transformation at their organizations.

In “3 Health Tech Trends to Watch in 2024,” Indiana-based Reid Health is improving its self-service capabilities to streamline IT operations and improve efficiencies. “If you build a good experience for your caregivers, it will ultimately result in a better experience for your patients,” says CIO Muhammad Siddiqui.

Another feature story, “How Modern HVAC Systems Support Smart Hospital Transformations,” highlights healthcare organizations that are elevating their smart hospital journeys by automating their heating and cooling systems to be more energy efficient.

And don’t miss lessons from the health systems featured in “How Health Systems Can Connect Clinicians to Data More Quickly” that are evolving their data management approaches so that clinicians can access information faster, building a solid foundation for more advanced analytics and artificial intelligence solutions. “It’s putting all of the information they need at the physician’s fingertips,” says Cone Health Chief Medical Information Officer Dr. Jeetu Nanda.



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