Of all the industries out there, healthcare has perhaps the most to gain from digital transformation. Technology can decrease wait times, reduce medical errors and increase collaboration across providers — all of which helps people find their way to better health and healthcare businesses achieve a better bottom line.
The problem is, healthcare has struggled more than pretty much any other industry out there to keep up with the times. Why is that? How do we buck the trend and begin to embrace the tremendous opportunity of digital transformation in healthcare? And who out there is already doing it really, really well?
RMCSoft and Advent Coworking brought together a panel of experts to dig into all of that at their TechTalks event on Tuesday, Jan. 22.
This fascinating conversation highlighted not only the challenges facing health care in the digital age, but also ideas and vision for a path forward.
About TechTalks: TechTalks series is a chance for you to improve your knowledge regarding new technology and technology-related issues. Brought by RMCSoft and Advent Coworking, TechTalks target tech startups as well as all other companies utilizing software & digital products in their day-to-day operations.
We cover a wide variety of tech-related topics, offer valuable insights on the best practices, discuss the most common issues, review the tech trends and provide plenty of opportunities to enhance your tech knowledge.
For more information, please write back to us at firstname.lastname@example.org
Study Group: 300 patients
• 2 or more chronic conditions
• 6+ ambulance & acute visits per year
• Medicaid or Dual Eligible
Goal: Reduce ED Transport & Acute Admits
300 * 6 * $25,000 =
$45 million medical spend
Digital Transformation Example:
Health System Operating Unit
Revenue: $325 million
EBITDA: $113 million
Profit: $10 million
300 * 6 * $25,000 =
$45 million REVENUE
$15 million EBITDA
Overall Profitability: $10 M to -$5 M
12 FTEs cut
‘Free Care’ Reduced
New project: Fee-for-Value Contracting
The Innovation Engine accelerates the transformation of
Atrium Health by...
models of care.
systems to build
and test solutions.
Dr. Waseem Ghannam
MD MBA MHSA
CEO and Co-Founder
Creating a new standard of care to
optimize matching healthcare service
Supply & Demand
Access to Care
According to WHO, nearly 400 million do
not have access to essential health care
Cost reduction by having physician
access at a lower rate, avoiding ED
visits, and hospital readmissions
According to AAMC, physician shortage
expected to reach 100k by 2030
Avoid penalties by reducing CMS
Mandated 30-Day readmissions
21Confidential and Proprietary. Copyright (c) by TeleHealth Solution. All Rights Reserved.
The Problem The Solution
• Physician Access: Multi-Specialty Physicians on call
across the continuum of care.
• Ease of Client Use: Call Center & Reporting Application
• Technology Powered By AMD Global: Telemedicine
technology that puts our physicians bedside virtually.
22Confidential and Proprietary. Copyright (c) by TeleHealth Solution. All Rights Reserved.
23Confidential and Proprietary. Copyright (c) by TeleHealth Solution. All Rights Reserved.
24Confidential and Proprietary. Copyright (c) by TeleHealth Solution. All Rights Reserved.