Weekly Business Insights 07/15/2024

Navigating digital transformation and its impact on the patient journey

As healthcare organizations adopt data-driven approaches, such as machine learning and artificial intelligence, the industry faces challenges and opportunities in the digitalization of healthcare. Data-driven approaches have the power to improve the operational efficiency of processes and dramatically impact the patient journey. According to a recent survey from the Harvard Business Review, 94% of healthcare professionals believe data-driven healthcare can offer new opportunities and more personalized approaches. However, almost half of those surveyed believe that one of the major hurdles to integrating data-driven approaches is disconnected and/or incompatible systems and data.

When it comes to healthcare digitalization leaders must emphasize the importance of interoperability and trust in digital solutions, whilst finding ways to standardize digital infrastructure so that the sharing of data and technologies is both rapid and efficient.

Prioritizing investments and building collaborations that focus on high-quality, rapid, and secure results for patients will optimize data access and workflows, support clinical staff, and create solutions that can be easily integrated into existing systems. Itis important to acknowledge that new technologies, including AI, can facilitate care, but careful consideration and implementation are necessary to avoid potential pitfalls. Streamlining the transition to a digital ecosystem is therefore critical to overcoming barriers to healthcare access and subsequent patient care. Healthcare digitalization is crucial in this context.

Healthcare digitalization and its impact on patient journey (healthcaretransformers.com)

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Healthcare digitalization and its impact on patient journey (healthcaretransformers.com)‍

Ending the “recrention” cycle: Harnessing technology to solve healthcare staffing shortages

10 million – that’s the global number of healthcare workers we’re likely to be short by 2030, according to the World Health Organization.¹ Healthcare staffing problems that existed pre-pandemic have intensified significantly in recent years. While challenges vary from country to country, common drivers include a lack of funding, limited training resources, intensifying patient demand, and rising staff exit rates due to inflexible working and unsustainable pressures.² 

Fast-growing technologies can help us unlock workforce data, making it readily available to the teams that need it for forward planning. Something which can be further boosted by the evolving power of machine learning capabilities. When used to enhance the automation of some of the more complex processes of data collection and analysis, machine learning can help to surface valuable insights and enable timely decision-making, while cutting down administrative time and cost. 

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With simpler, more direct, and comprehensive oversight of workforce data, healthcare teams can effectively utilize these insights to facilitate more dynamic, flexible workforce planning. This in turn can unlock the structural changes needed to deliver better staffing approaches and work-life balance for staff.  

Healthcare staffing problems - Harnessing technology (healthcaretransformers.com)

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5 big questions facing healthcare innovation 

Community connection in order to change healthcare. Nobody can do it on their own. It’s just impossible. We need to apply discipline and rigor to drive impactful innovations in healthcare and technology. At the same time, WE need to remain connected with those who are also doing this or have done it before. I also think one of the biggest values that we have is to share the very pragmatic examples of thought leaders in healthcare to make innovation scalable. Because in the end that’s what we’re trying to do. 

It’s about continuing to stay learning because that’s really where the insights come in and that’s where the community comes in too–to keep learning what’s driving the audience and what’s driving the community. Things are changing at an increasing speed. You have these trends that you need to respond to, and you can’t just stay away from them. So to keep learning is a really important element.

Innovations in healthcare technology | Healthcare Transformers‍