Why LTC Facilities Should Make Technology a Top Priority - Dan Weise, VCPI

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Dan Weise of VCPI, a solution provider at the marcus evans Long-Term Care CXO Summit Spring and Fall 2014, on why budget cuts should not get in the way of investing in healthcare technology.
Interview with: Dan Weise, Executive Director, VCPI

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Why LTC Facilities Should Make Technology a Top Priority - Dan Weise, VCPI

  1. 1. Why LTC Facilities Should Make Technology a Top Priority Is there a technology investment gap in this industry? What should facilities do if they lack the funds to invest in the latest technologies? Yes, there is a gap, and it is affecting the ability of providers to make better business decisions. This is more of a challenge in our industry than others because of all the regulatory requirements and changes. Interview with: Dan Executive Director, VCPI Weise, Many Long-Term Care (LTC) providers are short-sighted when it comes to investing in technology for the future of their organization, according to Dan Weise, Executive Director, VCPI. “Technology is going to continue getting faster and more complex. And for many, the lack of funds to invest in technology tends to drive their strategy. At the very least, they should perform an analysis of their current state and consider how it could improve. Without technology, or technology that is up-to-date, other parts of the organization will not work. They must take the first step now,” he advised. VCPI is a solution provider at the marcus evans Long-Term Care CXO Summit Spring 2014 and the LongTerm Care CXO Summit Fall 2014. With all the changes taking place in the healthcare industry, how is technology part of the solution? Technology is huge. It always will be. And it will continue to get more complex. Providers rely on technology to conduct business and help them make better decisions. And, with the increasing use of mobile devices and electronic medical records, technology has to be more of a utility and less of a service. The more the providers delay improving their technology infrastructure, the more difficult it will be to catch up to the requirements. And most providers need much more than a new server, which in turn brings about security issues. If they do not invest in technology now, they will get further away from what the successful providers in the industry are doing. Those successful providers are focusing on technology upfront, knowing they will be more competitive, get a better quality of staff, and meet the regulations for the industry. The alternative, being a paper-based company, behind-the-curve provider, does not work anymore. To ignore technology is death by a thousand cuts. They have to take the first step as the cuts will only get deeper. What is the first step to take? At the very least, they should perform an analysis of their current state and what improvements are necessary. Once they figure out where they want to go, they could work with a vendor partner to achieve the desired state, hire the right staff (or outsource to the right vendor partner) and adopt new strategies. In a world of endless dollars it would be easy to fix everything. But if funds are lacking, doing nothing is the last thing they should do. They may have to identify other areas of the organization where cuts are possible, because without technology, other parts of the organization will not work. They need technology to support and manage the way they care for their residents and patients. Any final comments? More and more organizations are tightening their budgets and not investing in technology the way they s h o u ld b e f o r f u t ur e s u c c e s s . Unfortunately, an antiquated infrastructure will simply not allow them to provide the kind of care they want to. But if they make their technology costs a predictable operating cost, it will allow them to focus on their core business, taking care of people. To ignore technology is death by a thousand cuts
  2. 2. For more information please send an email to info@marcusevanscy.com or visit the marcus evans Summits deliver peer-to-peer information strategic matters, trends and event websites below: on professional breakthrough LTC CXO Summit Spring 2014: www.longtermcaresummit.com innovations. LTC CXO Summit Fall 2014: www.longtermcaresummit.com Contact Please note that the Summit is a closed number business of event participants and the strictly limited. Sarin Kouyoumdjian-Gurunlian, Press Manager, marcus evans, Summits Division Tel: Email: + 357 22 849 313 press@marcusevanscy.com For more information please send an email to info@marcusevanscy.com All rights reserved. The above content may be republished or reproduced. Kindly inform us by sending an email to press@marcusevanscy.com About VCPI Headquartered in Milwaukee, WI, VCPI’s customized IT solutions solve business challenges and enable clients to focus on taking care of patients and residents. Our client base of more than 2,400 providers of post-acute care in 46 states rely on VCPI experts to deliver innovative LTPAC-focused solutions. Founded in 2000, VCPI is a wholly-owned subsidiary of Extendicare Inc., one of the largest operators of long-term care, home health, and assisted living communities in the U.S. and Canada. www.vcpi.com About marcus evans Summits marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to individually tailor their schedules of keynote presentations, case studies, roundtables and one-on-one business meetings. For more information, please visit: www.marcusevans.com Upcoming Events National Healthcare CFO Summit - www.nhcfosummit.com National Healthcare CMO/CMIO Summit - www.nhcmiosummit.com National Healthcare CXO Summit - www.nhcxosummit.com To view the web version of this interview, please click here: www.longtermcaresummit.com/DanWeise

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