In our inaugural review of healthcare’s digital transformation, we assess the current state of digital, analytics, and technology-led innovation in healthcare, and offer our recommendations to healthcare enterprises and technology solution providers.
Digital healthcare technologies are transforming healthcare delivery globally. Companies are developing technologies like mobile apps, big data analytics, and smart medical devices to improve patient monitoring and outcomes. These digital innovations extract insights from medical data to enhance healthcare provisioning, reduce costs, and support preventative care and remote patient monitoring. Emerging areas like bioinformatics and medical analytics utilize big data to provide actionable clinical insights.
Governing Innovation: The recipe for portfolio growth | Accentureaccenture
Accenture reports that with innovation investments increasing, it's critical to invest in growth with an innovation portfolio management strategy. Read more.
Digital Healthcare Trends: Transformation Towards Better Care RelationshipKumaraguru Veerasamy
Digital health encompasses digital care programs, technologies with health, healthcare, living, and society to enhance the efficiency of healthcare delivery and to make medicine more personalized and precise. With the increasing adoption of telemedicine, wearable devices, mobile health apps (especially during the recent COVID-19 pandemic) and VR/AR; digital health is poised to take healthcare forward.
Digital Transformation Toolkit from ProductStackRahul Mohan
ProductStack's Digital Transformation Toolkit is a conceptual model that provides:
1) A structure for assessing an organization’s digital strategy and digital maturity (Digital Transformation Framework)
2) An indicator or an organization's capabilities to leverage technology to transform their business. (Digital Maturity Model)
3) A high-level approach for an organization to create a roadmap that aligns digital initiatives with its long term vision and business goals. (Digital Strategy)
ProductStack’s Digital Strategy Workshop is a short (2-3 days), collaborative engagement where ProductStack consultants run facilitated workshops with your team members to help you build your digital strategy and an execution roadmap.
Learn more about Digital Transformation at https://productstack.com
A quick introduction to digital transformation. Covering Digital First, Lean, Agile, Leadership, it addresses the 3 core strands - People Change, Process Change and Technology Change. It presents a Systematic approach to Digital Transformation and the need for Governance and Leadership to realise the benefits. Observations include the share of the costs that lead to success, the risk profile of a transformation program and finally the hallmarks of a digital organization
Faster and Cheaper Clinical Trials: The Benefit of Synthetic Dataaccenture
Take the innovation leap: Four things pharma companies can do now for a synthetic data-driven approach to clinical trial design. https://accntu.re/3vjVjVs
The document discusses disruptive digital technologies that are transforming healthcare, including telemedicine, the Internet of Medical Things, cloud computing, augmented/virtual/mixed reality, artificial intelligence, chatbots, data science, and blockchain. It outlines Thailand's national eHealth strategy and components like electronic medical records, health information exchange, and a quality framework for healthcare accreditation and information technology. Overall, the document emphasizes how healthcare organizations can gain competitive advantages by leveraging these disruptive digital technologies through digital optimization, business transformation, and defining their digital organization landscape.
Digital healthcare technologies are transforming healthcare delivery globally. Companies are developing technologies like mobile apps, big data analytics, and smart medical devices to improve patient monitoring and outcomes. These digital innovations extract insights from medical data to enhance healthcare provisioning, reduce costs, and support preventative care and remote patient monitoring. Emerging areas like bioinformatics and medical analytics utilize big data to provide actionable clinical insights.
Governing Innovation: The recipe for portfolio growth | Accentureaccenture
Accenture reports that with innovation investments increasing, it's critical to invest in growth with an innovation portfolio management strategy. Read more.
Digital Healthcare Trends: Transformation Towards Better Care RelationshipKumaraguru Veerasamy
Digital health encompasses digital care programs, technologies with health, healthcare, living, and society to enhance the efficiency of healthcare delivery and to make medicine more personalized and precise. With the increasing adoption of telemedicine, wearable devices, mobile health apps (especially during the recent COVID-19 pandemic) and VR/AR; digital health is poised to take healthcare forward.
Digital Transformation Toolkit from ProductStackRahul Mohan
ProductStack's Digital Transformation Toolkit is a conceptual model that provides:
1) A structure for assessing an organization’s digital strategy and digital maturity (Digital Transformation Framework)
2) An indicator or an organization's capabilities to leverage technology to transform their business. (Digital Maturity Model)
3) A high-level approach for an organization to create a roadmap that aligns digital initiatives with its long term vision and business goals. (Digital Strategy)
ProductStack’s Digital Strategy Workshop is a short (2-3 days), collaborative engagement where ProductStack consultants run facilitated workshops with your team members to help you build your digital strategy and an execution roadmap.
Learn more about Digital Transformation at https://productstack.com
A quick introduction to digital transformation. Covering Digital First, Lean, Agile, Leadership, it addresses the 3 core strands - People Change, Process Change and Technology Change. It presents a Systematic approach to Digital Transformation and the need for Governance and Leadership to realise the benefits. Observations include the share of the costs that lead to success, the risk profile of a transformation program and finally the hallmarks of a digital organization
Faster and Cheaper Clinical Trials: The Benefit of Synthetic Dataaccenture
Take the innovation leap: Four things pharma companies can do now for a synthetic data-driven approach to clinical trial design. https://accntu.re/3vjVjVs
The document discusses disruptive digital technologies that are transforming healthcare, including telemedicine, the Internet of Medical Things, cloud computing, augmented/virtual/mixed reality, artificial intelligence, chatbots, data science, and blockchain. It outlines Thailand's national eHealth strategy and components like electronic medical records, health information exchange, and a quality framework for healthcare accreditation and information technology. Overall, the document emphasizes how healthcare organizations can gain competitive advantages by leveraging these disruptive digital technologies through digital optimization, business transformation, and defining their digital organization landscape.
Accenture developed a single digital platform called Manage mySales based on Salesforce to improve client relationships and business outcomes. Previously, Accenture relied on disconnected tools across sales, marketing, and other areas. Manage mySales integrated these processes by providing a single source of client data. It has since expanded to other areas like quality and ecosystems. The platform offers insights through analytics and has increased efficiencies, while enabling more data-driven decision making. It has driven better business opportunities and outcomes for Accenture.
Digital Transformation - Rethink The Business in The Digital Age
Digital transformation is the integration of digital technology into all areas of a business, fundamentally changing how you operate and deliver value to customers.
It's also a cultural change that requires organizations to continually challenge the status quo, experiment, and get comfortable with failure.
www.heruwijayanto.com
You can receive our Powerpoint slides by sharing this presentation and submitting your email at www.slidebooks.com | Digital Transformation Strategy Template and Training | By ex-Deloitte and McKinsey Consultants
Digital Health Market has exploded in the last few years. Will that continue? What are the main areas of growth in digital days and what the future will bring us.
Accenture Communications Industry 2021 - Connectivity Optimizeraccenture
The document discusses strategies for telecommunications companies to optimize connectivity operations called the "Connectivity Optimizer" play. It describes embracing technologies like AI, analytics, cloud, and digital tools to become more efficient and effective. This would transform operations to address cost pressures and create conditions for innovation. A deeper dive into the Connectivity Optimizer play and other value plays can be found at the listed website.
Health Experience: The difference between loyalty & leavingaccenture
This document discusses factors that influence consumer loyalty and engagement in healthcare. It finds:
- Ease of navigation is the top reason people switch providers, while experience factors are the main reason for switching payers.
- Younger generations switch providers more and value experience over cost. They will be important future decision-makers.
- People expect access to convenient services through personalized journeys and digital tools that match their needs.
- Those who find providers/payers easy to work with, are highly digital engaged, and trust their organizations are most loyal.
- To drive loyalty, organizations must focus on access, ease of doing business, digital engagement, and building trust.
Healthcare Digital Transformation - A primer for healthcare executives and te...Damo Consulting Inc.
The future of healthcare is in digitally reimagined experiences for patients and caregivers alike. Digitalization offers increased choice and convenience for patients, and improved outcomes for caregivers while reducing costs and workloads.
The document outlines best practices for digital transformation based on a presentation by Arrk Group. It discusses the importance of digital transformation for businesses and the need for clear leadership and vision. It also emphasizes building a digital-first culture, digitizing customer experiences, creating a unified digital platform, focusing on agile execution, and learning from digital examples in areas like instant loans and stock updates.
This document discusses how artificial intelligence is being used in healthcare for more accurate and faster diagnosis of medical conditions. It explains that AI can assist doctors in diagnosis or even make diagnoses independently using machine learning. The technology is being implemented in hospitals using diagnostic AI that can offer suggestions to doctors. While initial costs are high, AI is expected to save billions and greatly increase the efficiency of diagnosis. It predicts that AI will be widely used in healthcare by 2025 to benefit patients through reduced costs, more accessible care, and better outcomes.
Building Digital Strategy Roadmap For Digital Transformation Complete DeckSlideTeam
Digital strategy roadmap is a blueprint for aligning business goals with your digital strategy. It shows how the company plans to embrace digital technologies to grow business and create better customer experience in the long term. Creating a digital strategy roadmap is not simply listing out key digital initiatives and giving them a tentative timeline. It follows an extensive research process which starts with Digital Review. It starts with uncovering consumer insights and market insights. One then develops Digital Strategy keeping in mind the digital goals and key initiatives in the short and long term. The third step in this process is Digital Planning which involves setting realistic time frame for implementing digital initiatives. The final steps involve setting KPIs for measuring the success of digital strategy. Taking the healthcare sector as a case study, our researchers have outlined the digital landscape of the industry and showed key digital strategies a healthcare provider wishes to implement for digital transformation. https://bit.ly/3bL7TlW
The Roadmap to Your Digital TransformationAdVictoriam
Is your business ready for digital transformation? Do you have a digital transformation roadmap? Does it lay a solid
foundation for a successful transition to your future digital business?
In order to succeed, start with a current assessment, identify gaps, then define the actions and resources required to fill
those gaps along your journey.
Visit our Website : https://www.advictoriamsolutions.com/
Transforming the Industry That Transformed the Worldaccenture
The document discusses 8 trends transforming the high tech industry, including the shift to as-a-service models, supply chain volatility, accelerated cloud adoption, and the need to integrate AI/ML. It outlines 5 imperatives for high tech companies, such as adopting recurring revenue models and accelerating industry convergence. High tech leaders are focusing on revenue growth and see as-a-service and digital enablers like AI/ML and 5G as fuel for unlocking new opportunities.
This document outlines 10 top trends in the healthcare industry for 2022 according to research by Capgemini. The trends include: 1) COVID-19 fast-tracking digital health and remote care delivery; 2) A focus on patient-centric, personalized care and shoppable healthcare experiences; 3) Adopting a whole-patient approach and understanding social determinants of health; 4) Using real-time healthcare data and IoMT to improve medical management; 5) Increased involvement of non-traditional players like BigTech firms; 6) Modernization efforts and cloud adoption in the industry; 7) Prioritizing pricing transparency and shoppable healthcare; 8) Increased focus on data privacy and security; 9) Margin pressures triggering
This document discusses the importance of digital business and defines key terms. It explains that a digital business incorporates digital technology to create revenue and results through innovative strategies, products, processes and experiences. It also discusses how technology and business have evolved, with technology now creating new opportunities that change businesses. It outlines several key technology trends and how they present opportunities for new players but also threats. The document discusses the changing roles of various corporate leaders in a digital business environment and some of the challenges they face. It provides a value tree for a digital business that shows how investments in new digital capabilities can drive growth and efficiency through various value levers.
Digital Transformation: What it is and how to get thereEconsultancy
Digital Transformation: What it is and how to get there.
Authored by Econsultancy CEO Ashley Friedlein, this presentation on the topic of 'Digital Transformation', is broken down into six sections covering:
1. Digital Transformation - what it is and recent data and research on the topic
2. Strategy - what a digital strategy should include
3. Technology - the challenges of technology and the skills gap
4. People - looking at organisational structure, culture, roles & responsibilities, environment recquired
5. Process - how to address the speed, innovation and agility required
6. Business Transformation - how digital transformation is actually business transformation
A recent study revealed that digital leaders (the top 10 percent of
companies leading technology innovation) achieve 2–3x revenue
growth as compared to their competitors—a widening divide that Accenture calls the “Digital Achievement Gap.” upload by Shamayun Miah Management Consultant Accenture
The document discusses how major tech companies like Amazon, Google, Microsoft, Apple, and Oracle are expanding their presence in the $11 trillion healthcare market. It provides an overview of each company's focus areas and recent activities, including Amazon acquiring One Medical to enter the primary care market, Google's focus on life sciences and precision medicine through Verily, Microsoft building tools for clinical care through partnerships, Apple's strategy to bring its devices into healthcare, and Oracle's acquisition of Cerner to integrate healthcare IT solutions.
Our analysis regarding the evolution of what we believe is the development of the Healthcare Cloud. We discuss the siloed nature of HCIT in terms of legacy and cloud and discuss how we believe entities need to shift from point to platform solutions over time. We also lay out the fundamental underpinnings of what makes a compelling digital healthcare investment.
Accenture developed a single digital platform called Manage mySales based on Salesforce to improve client relationships and business outcomes. Previously, Accenture relied on disconnected tools across sales, marketing, and other areas. Manage mySales integrated these processes by providing a single source of client data. It has since expanded to other areas like quality and ecosystems. The platform offers insights through analytics and has increased efficiencies, while enabling more data-driven decision making. It has driven better business opportunities and outcomes for Accenture.
Digital Transformation - Rethink The Business in The Digital Age
Digital transformation is the integration of digital technology into all areas of a business, fundamentally changing how you operate and deliver value to customers.
It's also a cultural change that requires organizations to continually challenge the status quo, experiment, and get comfortable with failure.
www.heruwijayanto.com
You can receive our Powerpoint slides by sharing this presentation and submitting your email at www.slidebooks.com | Digital Transformation Strategy Template and Training | By ex-Deloitte and McKinsey Consultants
Digital Health Market has exploded in the last few years. Will that continue? What are the main areas of growth in digital days and what the future will bring us.
Accenture Communications Industry 2021 - Connectivity Optimizeraccenture
The document discusses strategies for telecommunications companies to optimize connectivity operations called the "Connectivity Optimizer" play. It describes embracing technologies like AI, analytics, cloud, and digital tools to become more efficient and effective. This would transform operations to address cost pressures and create conditions for innovation. A deeper dive into the Connectivity Optimizer play and other value plays can be found at the listed website.
Health Experience: The difference between loyalty & leavingaccenture
This document discusses factors that influence consumer loyalty and engagement in healthcare. It finds:
- Ease of navigation is the top reason people switch providers, while experience factors are the main reason for switching payers.
- Younger generations switch providers more and value experience over cost. They will be important future decision-makers.
- People expect access to convenient services through personalized journeys and digital tools that match their needs.
- Those who find providers/payers easy to work with, are highly digital engaged, and trust their organizations are most loyal.
- To drive loyalty, organizations must focus on access, ease of doing business, digital engagement, and building trust.
Healthcare Digital Transformation - A primer for healthcare executives and te...Damo Consulting Inc.
The future of healthcare is in digitally reimagined experiences for patients and caregivers alike. Digitalization offers increased choice and convenience for patients, and improved outcomes for caregivers while reducing costs and workloads.
The document outlines best practices for digital transformation based on a presentation by Arrk Group. It discusses the importance of digital transformation for businesses and the need for clear leadership and vision. It also emphasizes building a digital-first culture, digitizing customer experiences, creating a unified digital platform, focusing on agile execution, and learning from digital examples in areas like instant loans and stock updates.
This document discusses how artificial intelligence is being used in healthcare for more accurate and faster diagnosis of medical conditions. It explains that AI can assist doctors in diagnosis or even make diagnoses independently using machine learning. The technology is being implemented in hospitals using diagnostic AI that can offer suggestions to doctors. While initial costs are high, AI is expected to save billions and greatly increase the efficiency of diagnosis. It predicts that AI will be widely used in healthcare by 2025 to benefit patients through reduced costs, more accessible care, and better outcomes.
Building Digital Strategy Roadmap For Digital Transformation Complete DeckSlideTeam
Digital strategy roadmap is a blueprint for aligning business goals with your digital strategy. It shows how the company plans to embrace digital technologies to grow business and create better customer experience in the long term. Creating a digital strategy roadmap is not simply listing out key digital initiatives and giving them a tentative timeline. It follows an extensive research process which starts with Digital Review. It starts with uncovering consumer insights and market insights. One then develops Digital Strategy keeping in mind the digital goals and key initiatives in the short and long term. The third step in this process is Digital Planning which involves setting realistic time frame for implementing digital initiatives. The final steps involve setting KPIs for measuring the success of digital strategy. Taking the healthcare sector as a case study, our researchers have outlined the digital landscape of the industry and showed key digital strategies a healthcare provider wishes to implement for digital transformation. https://bit.ly/3bL7TlW
The Roadmap to Your Digital TransformationAdVictoriam
Is your business ready for digital transformation? Do you have a digital transformation roadmap? Does it lay a solid
foundation for a successful transition to your future digital business?
In order to succeed, start with a current assessment, identify gaps, then define the actions and resources required to fill
those gaps along your journey.
Visit our Website : https://www.advictoriamsolutions.com/
Transforming the Industry That Transformed the Worldaccenture
The document discusses 8 trends transforming the high tech industry, including the shift to as-a-service models, supply chain volatility, accelerated cloud adoption, and the need to integrate AI/ML. It outlines 5 imperatives for high tech companies, such as adopting recurring revenue models and accelerating industry convergence. High tech leaders are focusing on revenue growth and see as-a-service and digital enablers like AI/ML and 5G as fuel for unlocking new opportunities.
This document outlines 10 top trends in the healthcare industry for 2022 according to research by Capgemini. The trends include: 1) COVID-19 fast-tracking digital health and remote care delivery; 2) A focus on patient-centric, personalized care and shoppable healthcare experiences; 3) Adopting a whole-patient approach and understanding social determinants of health; 4) Using real-time healthcare data and IoMT to improve medical management; 5) Increased involvement of non-traditional players like BigTech firms; 6) Modernization efforts and cloud adoption in the industry; 7) Prioritizing pricing transparency and shoppable healthcare; 8) Increased focus on data privacy and security; 9) Margin pressures triggering
This document discusses the importance of digital business and defines key terms. It explains that a digital business incorporates digital technology to create revenue and results through innovative strategies, products, processes and experiences. It also discusses how technology and business have evolved, with technology now creating new opportunities that change businesses. It outlines several key technology trends and how they present opportunities for new players but also threats. The document discusses the changing roles of various corporate leaders in a digital business environment and some of the challenges they face. It provides a value tree for a digital business that shows how investments in new digital capabilities can drive growth and efficiency through various value levers.
Digital Transformation: What it is and how to get thereEconsultancy
Digital Transformation: What it is and how to get there.
Authored by Econsultancy CEO Ashley Friedlein, this presentation on the topic of 'Digital Transformation', is broken down into six sections covering:
1. Digital Transformation - what it is and recent data and research on the topic
2. Strategy - what a digital strategy should include
3. Technology - the challenges of technology and the skills gap
4. People - looking at organisational structure, culture, roles & responsibilities, environment recquired
5. Process - how to address the speed, innovation and agility required
6. Business Transformation - how digital transformation is actually business transformation
A recent study revealed that digital leaders (the top 10 percent of
companies leading technology innovation) achieve 2–3x revenue
growth as compared to their competitors—a widening divide that Accenture calls the “Digital Achievement Gap.” upload by Shamayun Miah Management Consultant Accenture
The document discusses how major tech companies like Amazon, Google, Microsoft, Apple, and Oracle are expanding their presence in the $11 trillion healthcare market. It provides an overview of each company's focus areas and recent activities, including Amazon acquiring One Medical to enter the primary care market, Google's focus on life sciences and precision medicine through Verily, Microsoft building tools for clinical care through partnerships, Apple's strategy to bring its devices into healthcare, and Oracle's acquisition of Cerner to integrate healthcare IT solutions.
Our analysis regarding the evolution of what we believe is the development of the Healthcare Cloud. We discuss the siloed nature of HCIT in terms of legacy and cloud and discuss how we believe entities need to shift from point to platform solutions over time. We also lay out the fundamental underpinnings of what makes a compelling digital healthcare investment.
Interoperability between electronic health record systems will continue to be a major issue in 2016. Healthcare consumerism is expected to grow as consumers demand more convenient access to healthcare information and services through digital technologies. However, the value of big data analytics may be difficult to prove as healthcare organizations struggle with data integration and a lack of analytics talent. There is also a risk that some healthcare startups could run afoul of regulators or have their apps shut down if they do not properly address privacy, safety and licensing issues. The role of technology leadership in healthcare organizations may broaden beyond the traditional CIO to include other executives focused on specific areas like analytics, security and digital transformation.
The Telecom, Media and Communication industry seems to be more promising as new-age technologies, new ecosystems and advanced use cases are coming to the fore. We see 5G finally moving from hype to reality with leading telcos rolling out the first commercial 5G networks. Now, 2020 is expected to see a further boost to the fifth generation of networks with companies across industries set to benefit from the higher speeds, lower latency and better connectivity on offer. We at The DataTech Labs Inc help the Telcos to accelerate the race to develop value while continuing to reduce costs in connectivity and differentiate with ultra fast networks. We help you meet an increasing competitive pressure on core business while finding blue ocean growth strategies to sustain in the market. Working in collaboration with us, you will be well positioned to offer improved capabilities and create new business opportunities.
Rethinking Health Plan Business Models for the Emerging On-Demand Digital Eco...Cognizant
Even as on-demand healthcare platforms disrupt the industry, they create possibilities for new value propositions, partnerships and business models that will further reshape the cost and delivery of care.
Practical guide on private funding for EU eHealth SMEsgetslidesdeck
The document discusses trends in digital health and investment in Europe compared to the US. Some key points:
1) Venture funding for digital health has grown rapidly in recent years on both sides of the Atlantic, with over $4 billion invested in the US in 2014 alone. However, investment in Europe still lags behind, though some large funding rounds have occurred.
2) Most digital health startups in Europe are still at the seed stage, but more are qualifying for Series A funding and beyond in recent years.
3) Factors holding back more investment in Europe include digital health initiatives still being in early stages of development and a fragmented healthcare system compared to the larger US market. Interviews with an investor
The Fourth Industrial Revolution will permanently change how medical device companies do business. Historically, the medical device industry has created tremendous value via the creation of therapeutic devices. It is now time for the industry to invest more effort in analytics-based solutions that enable seamless, real-time care management.
Advanced analytics playing a vital role for health insurersBodhtree
Insurance companies are realizing the benefits of using advanced analytics for designing products, segmenting and developing metrics for risk management.Analytics can enable the compilation of information about trends, patterns, deviations, anomalies and relationships and reveal insight.
The Digital Health Technology Vision 2016 reveals five trends that prove winning in the digital age hinges on people. Keeping up with changing technology is vital, but it’s just as important to evolve the consumer experience, methods of care delivery and career development opportunities for the healthcare workforce.
Obamacare provisions are moving ahead, bringing changes to healthcare IT. Key drivers include the consumerization of healthcare through online exchanges and increased transparency, value-based payments that put cost pressures on providers, and the emergence of new players. Healthcare IT must address this transition by moving to cloud-based systems, making medical records accessible online, and delivering IT through hybrid models combining in-house and outsourced resources. While challenges lie ahead in changing provider incentives and ensuring systems can support increased consumers, healthcare reform presents opportunities for innovation.
A Healthcare Digitization Framework: 5 StrategiesHealth Catalyst
While most consumer-oriented industries have turned to mobile-first, cloud-based platforms for consumer interaction, healthcare lags behind in digitization, particularly when it comes to self-service consumer engagement. As digital consumer interaction increasingly drives enterprise success, healthcare must join the modern digital playing field. To get there, organizations need to establish digital investment and enablement frameworks and can then follow five strategies for stable, scalable transformation:
Formally define “digital” for the organization.
Follow 10 guiding principles to support digital.
Divide technology into appropriate portfolios.
Develop an analogy to explain the integrated portfolio approach.
Strategically select vendor partners.
The Work Ahead: Moving Healthcare Organizations into the Digital AgeCognizant
For healthcare payers and providers, the digital revolution offers a powerful prescription for transforming an industry value chain in need of drastic modernization. In this installment of our Work Ahead research series, we look at the way forward to the future of work for healthcare.
This document discusses how moving to a true cloud-based ERP system can help healthcare providers succeed by improving efficiency. It notes that digital transformation in healthcare is being driven by consumer demand for better experiences. While many providers have adopted some new technologies, successful digital transformation requires integrating across departments. The document argues that a cloud-based ERP can eliminate silos by providing real-time, centralized access to financial, HR, supply chain and other data. Key benefits mentioned include improved decision-making, better talent management, and increased productivity. Examples are provided of healthcare providers that have boosted efficiency and outcomes by implementing a cloud ERP system.
How life sciences can win with blockchainToni Borges
The IBM Institute for Business Value surveyed 205 life sciences executives in 18 countries. The study, conducted in collaboration with the Economist Intelligence Unit (EIU), included chief financial officers (CFOs), chief technology officers (CTOs) and chief information officers (CIOs). Those participating had to meet specific criteria: they were either working with — or planning to work with — blockchains in the next 12 months, and they needed to be familiar with the blockchain strategies of their organizations.
How the Internet of Things Is Transforming Medical DevicesCognizant
The Internet of Things (IoT) should be a central focus for medical device companies, as IoT dramatically expands and enhances the field for the entire stakeholder ecosystem. We offer a roadmap for medical devices companies seeking a wise and effective path forward with IoT.
The Work Ahead: How Data and Digital Mastery Will Usher In an Era of Innovati...Cognizant
In this installment of our Work Ahead series, we focus on the impact of digital transformation on the life sciences industry and what it will take to transform an industry value chain in need of drastic modernization.
This document provides an overview and research agenda for IT in healthcare in 2016 from www.currentanalysis.com. It discusses how healthcare has reached a tipping point with rising costs and more data available but still constrained by silos. Enterprise technology can help address past problems but healthcare remains risk-averse and resistant to collaboration. It emphasizes that strategic technology planning is now imperative and connected care is accelerating convergence of various stakeholders in healthcare. The research agenda will provide analysis on key technology themes shaping healthcare in 2016 including cloud computing, data exchange, analytics, cybersecurity, and mobile health.
The Work Ahead in Healthcare: Digital Delivers at the Frontlines of CareCognizant
The COVID-19 pandemic accelerated the adoption of digital technologies in healthcare. Providers are using AI and intelligent machines to personalize care and change how care is delivered. A recent study found that the pandemic pushed many providers to significantly change their operations and embrace digital technologies like telehealth. While IT budgets are growing modestly, many providers expect to implement AI and see the role of intelligent machines in care delivery increasing over the next few years. This will change the skills needed and how work is allocated between employees and machines.
Similar to Healthcare Digital Transformation - Outlook and recommendations for 2019 (20)
This document outlines an agenda and presentation on digital transformation at Geisinger Health. The presentation discusses Geisinger's digital strategy, two case studies on portal consolidation and intelligent automation, assessing digital maturity, and best practices for digital transformation roadmaps. The speakers are Karen Murphy, Chief Innovations Officer at Geisinger, and Paddy Padmanabhan, CEO of Damo Consulting. The presentation provides an overview of Geisinger's multi-year digital transformation efforts to enhance care, grow revenue, and improve efficiency through technology.
CHIME LIVE Webinar: Digital Maturity in Health Systems – The DigiM Framework ...Damo Consulting Inc.
CHIME LIVE Webinar
Digital Maturity in Health Systems – The DigiM Framework and How to Use it with Sara Vaezy and Paddy Padmanabhan
Learn Objectives:
- Understanding digital maturity in health systems
- Applying an objective, structured assessment tool such as DigiM to evaluate digital maturity
- Developing a roadmap for accelerating technology-led transformation
Health systems have been on a digital transformation journey for the past few years. However, there is no structured framework to assess the maturity of health systems, specifically from a technology enablement standpoint. Damo Consulting’s DigiM framework addresses this gap with an online assessment tool that helps healthcare leaders benchmark themselves against their peers. The framework also assesses the relative maturity of the digital transformation vision against the execution of the strategy.
Using recently concluded research and data points from self-assessments by several health systems, this session will provide a roadmap for digital transformation leaders looking to take an objective view of their progress and prioritize their investments to meet their enterprise goals.
For queries, write to info@damoconsulting.net
DIGITAL TRANSFORMATION IN THE NEXT NORMAL: How consumerism, technology and th...Damo Consulting Inc.
What was assumed to be a transformation journey stretching over several years has now shrunk to a matter of months, and the pace of change is accelerating. Paddy Padmanabhan and Ed Marx, the authors of the first book published on healthcare digital transformation since the pandemic hit us, discuss 5 major themes in healthcare’s digital transformation, and what the next normal looks like.
They will present findings from recent research on how mid-tier systems must approach transformation.
1. How COVID-19 accelerated the timelines for transformation
2. Why health systems must go beyond just telehealth
3. Why digital leaders must develop enterprise roadmaps
4. How CIO’s can transform IT to support digital health
5. How technology decisions must deliver enterprise-level impact
How witch companies are actively acquiring to expand their digital and emergi...Damo Consulting Inc.
This infographic is based on the research conducted on M&A activities of global IT consulting firms looking to expand their healthcare footprints across the United States.
Our annual review of 11 publicly held global technology consulting firms indicates a soft Q4 in 2018, with HLS business growth dropping below overall company growth. HCL continued to be an exception, growing at an impressive 18.56% on a YoY basis, Wipro’s struggles with the HPS acquisition may be bottoming out. The HLS business could be headed for a breakout year in 2019. Find out about their financial performance, mergers and acquisitions, customer wins, strategic partnerships, new product initiatives and leadership announcements in this edition of the WITCH report.
Peter Rasmussen, MD, Medical Director for Distance Health at Cleveland Clinic and Paddy Padmanabhan, CEO Damo Consulting Inc. shared 'Digitally Transforming Patient and Caregiver Experiences' at HIMSS 2019 on Feb 15th at Session 309. The session described the key elements of an enterprise digital transformation strategy, Illustrated success in digital transformation with the Distance Health program (Cleveland Clinic’s Telehealth Program), and discussed the key learnings from the ongoing digital transformation at the Cleveland Clinic
Our mid-year review of 11 publicly held global technology consulting firms indicates weak organic growth for most in the healthcare segment relative to their respective overall company growth rates. Find out about their financial performance, mergers and acquisitions, customer wins, strategic partnerships, new product initiatives and leadership announcements in this edition of the WITCH report.
The document discusses the forces driving healthcare transformation including payment reform, consumerism, digitalization, and emerging data sources. It notes the US healthcare system spends the most per capita but is highly fragmented. Digital health startups have an opportunity to engage patients, enable caregivers, and increase efficiencies. However, adoption faces challenges like data security, interoperability, and suboptimal experiences. The document maps the technology vendor landscape and where funding is going in digital health. It concludes with strategies for market development using an Acquire, Defend, Expand framework.
The document discusses "The Big Unlock" in healthcare, which refers to the opportunity created by digitizing patient medical records and emerging data sources to gain insights that can improve care, reduce costs, and create new value. Several forces are driving this, including shifts to value-based care, population health management, healthcare consumerism, and new technologies. However, factors like enterprise readiness, security/privacy, and data quality can restrain unlocking data's potential. The CEO of Cleveland Clinic stated we are at the cusp of transforming healthcare by unlocking and analyzing data.
This brochure explains Damo Consulting offerings for healthcare technology firms and enterprises to help them with market growth strategies, thought leadership content marketing, and healthcare market intelligence and research.
The WITCH Report: Healthcare IT Consulting Update (Annual Review 2017)Damo Consulting Inc.
Our second annual report on global technology consulting firms in the healthcare space tells us one thing: traditional technology consulting firms struggled in 2017 in the healthcare segment. Aspects covered in the WITCH Report include financial performance, mergers and acquisitions, customer wins, strategic partnerships, new product initiatives and leadership announcements.
This report is a round-up of healthcare sector updates from a select group of publicly held technology services companies. The focus of the report is on M&A activities, customer wins, partnerships, new product initiatives and leadership announcements. For consistency, timelines are referred to in calendar quarters, though the fiscal year periods are different for the companies covered here.
This quarter, we have included an analysis of the M&A transactions over the past year by the WITCH companies. The analysis provides some interesting insights into the valuation premiums paid and the impact on margins from the amortization of goodwill from these acquisitions.
There is also a listing of transactions announced by the major companies in our report since Jan 1, 2017, for those interested in competitor activity.
Thought leadership: winning the battle for attention in B2B technology marketingDamo Consulting Inc.
Thought leadership is the fastest growing spend category in content marketing today. Here are some best practices to get the most out of your investments in thought leadership marketing.
Technology firms are turning to content marketing strategies to improve engagement with clients and prospects as technology buyers conduct more online research before engaging with sales. A majority of healthcare technology firms are investing in thought leadership content to rise above the noise in the market. However, producing high quality thought leadership content at scale is a challenge due to understaffed content marketing teams focused more on short-term pipeline than long-term brand building.
This document summarizes updates from major IT services companies regarding their healthcare businesses in Q4 2016. It notes that healthcare revenue grew faster than overall company revenue for most firms. It also discusses M&A activity, leadership changes, and customer wins. CTS faces a lawsuit over real estate transactions. Infosys and HCL saw strong healthcare growth. Wipro acquired Appirio and TCS announced several healthcare customer wins utilizing big data and cloud technologies.
This report analyzes the most recent financials and market updates for five major IT services firms (Wipro, Infosys, TCS, Cognizant, and HCL - sometimes referred to as the WITCH group), along with their market announcements during the 2nd quarter of 2016. The report also contains market updates for the last quarter on a number of other companies with a healthcare focus.
This report is a round-up of select healthcare sector updates from major IT services companies. The focus of the report is on M & A activity, customer wins, strategic initiatives, and leadership announcements.
The report covers IT services companies that have a strategic focus on healthcare, and includes select updates from large and mid-tier global firms with dedicated healthcare BU’s. The report also covers a handful of smaller firms that are focused on healthcare.
This document provides a summary of the healthcare IT services industry for major firms in Q1 2016. It analyzes the financials and market announcements of 5 major IT services companies (Wipro, Infosys, TCS, HCL, CTS). The analysis finds that CTS remains the dominant leader in healthcare revenue, though growth softened in Q1 2016. Operating margins show mixed trends across companies, impacted by M&A activity and portfolio changes. Overall, the healthcare IT industry continues transforming as consolidation occurs among clients and new competitors emerge.
Empowering ACOs: Leveraging Quality Management Tools for MIPS and BeyondHealth Catalyst
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PET CT beginners Guide covers some of the underrepresented topics in PET CTMiadAlsulami
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The best massage spa Ajman is Chandrima Spa Ajman, which was founded in 2023 and is exclusively for men 24 hours a day. As of right now, our parent firm has been providing massage services to over 50,000+ clients in Ajman for the past 10 years. It has about 8+ branches. This demonstrates that Chandrima Spa Ajman is among the most reasonably priced spas in Ajman and the ideal place to unwind and rejuvenate. We provide a wide range of Spa massage treatments, including Indian, Pakistani, Kerala, Malayali, and body-to-body massages. Numerous massage techniques are available, including deep tissue, Swedish, Thai, Russian, and hot stone massages. Our massage therapists produce genuinely unique treatments that generate a revitalized sense of inner serenely by fusing modern techniques, the cleanest natural substances, and traditional holistic therapists.
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TEST BANK For Accounting Information Systems, 3rd Edition by Vernon Richardso...rightmanforbloodline
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About this webinar: This talk will introduce what cancer rehabilitation is, where it fits into the cancer trajectory, and who can benefit from it. In addition, the current landscape of cancer rehabilitation in Canada will be discussed and the need for advocacy to increase access to this essential component of cancer care.
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Healthcare Digital Transformation - Outlook and recommendations for 2019
1. In our inaugural review of healthcare’s digital transformation, we assess the current
state of digital, analytics, and technology-led innovation in healthcare, and offer our
recommendations to healthcare enterprises and technology solution providers.
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Healthcare
Digital Transformation
Outlook and Recommendations for 2019
2. Digital transformation will gain momentum, but health systems will look at EHR systems
as primary technology platform for digital health
Our work with healthcare enterprises indicates that health systems are
investing in telehealth and remote monitoring, which are the poster
children today for transforming patient experiences and improving the
quality of care. However, many digital initiatives lack the critical drivers
for increased adoption and must compete with multiple priorities for
discretionary spend in a margin-constrained environment.
Technology spend, while set to increase, is also now spread across
multiple stakeholder groups. “Shadow IT” will create ongoing challenges
for Chief Information Officers (CIOs) looking to optimize IT investments
through shared governance and technology standardization.
Electronic health record (EHR) systems that form the backbone today
for recording and billing for clinical operations will continue to consume
a large chunk of enterprise IT budgets in health systems. While big tech
firms and digital health startups are approaching digital with superior
experience, design, and advanced analytics capabilities, EHR vendors
are looking to capitalize on their position as systems of record. CIOs of
health systems will face a trade-off. Ease of integration will be weighed
against lack of maturity in user experience design and analytical depth
in EHR systems.
CIO’s and Chief Digital Officers will be challenged on multiple fronts
while trying to advance digital initiatives. Technical debt, in the form of
long-pending asset refresh and technology upgrades, will consume a
significant portion of IT budgets. Cloud migration and cloud-enablement
will become a pre-requisite for many digital health technologies and
create redundancies in data architecture and data management
infrastructure.
At this time, digital is a game of “small numbers,” and most digital
health programs will deliver low returns on investment until they gain
enterprise-wide adoption. Digital health programs will also depend on
the reimbursement environment and the transition to value-based care.
Despite the growth of telehealth as an alternate healthcare delivery
model, the reimbursement mechanism has started catching up with
adoption rates only recently.
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3. Health systems should continue to leverage existing IT
investments but actively look beyond their EHR vendors in
2019 for digital functionalities. Tech firms and startups must
demonstrate how their platforms and solutions address
specific aspects of patient and caregiver journeys and increase
efficiencies through automation. Startups should demonstrate
the ease of clinical integration in addition to technical
integration.
Dr. Albert Chan
Sutter Health
Recommendations
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For every 3.08 hours spent face to face
with patients, physicians spend 3.17
hours on desktop medicine. These are the
opportunities for our digital age.
Chief of Digital Patient
Experience
4. Artificial Intelligence (AI) will make steady progress but will struggle with an adoption gap
IBM’ Watson Health’s much-publicized troubles in 2018 (reported
extensively by Stat) reveal the limitations of advanced technology in
dealing with the complexities of clinical care.
AI has other problems too. There is a backlash against the vendor
community’s “black box” algorithms, compounded by the over-hyping
and inflated promises resulting from vendors painting everything with
an “AI” brush (much as they are doing with the “digital” brush). In 2019,
there will be increased focus on the ethical aspects of AI technologies,
specifically algorithm bias and adverse profiling.
Notwithstanding these challenges, AI’s future looks good for two
reasons:
1. There is mature technology now to mine vast and diverse data
sources as machine learning and natural language processing (NLP)
algorithms continue to get better.
2. Healthcare enterprises now have many options for partnering on
AI technology and analytics solutions, with big tech firms as well as
startups.
The challenge for health systems and their technology providers is not
just to develop meaningful insights but integrate them seamlessly into
clinical workflows and care pathways. Recent consortium efforts to
share data and develop common insights, involving 41 health systems
including Geisinger, Intermountain, and others could become a model
for the future.
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5. AI will make significant gains in 2019 as a useful technology to
improve healthcare operations and outcomes. Health systems
should continue to invest in proven use cases where AI has
demonstrated its usefulness. AI technology vendors should
focus more on assuring their customers about responsible
use of healthcare data and provide more transparency into
how their algorithms work. Improving algorithm accuracy
should be a lesser priority than effectively integrating
and operationalizing algorithms with proven results more
effectively into clinical workflows.
Dr. L. Patrick James
Chief Clinical Officer
Quest Diagnostics
Recommendations
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Measures that optimize EHRs, make data
more accessible and insightful, and reduce
the complexity of quality measurement
are much-needed steps to accelerate the
transition to value-based care.
6. Big tech will struggle to develop a compelling play for digital health, with one possible
exception
Who “owns” the healthcare consumer of the future?
Technology firms are engaged in a raging battle over this question.
Over the past couple of years, big tech firms like Google, Microsoft, and
Salesforce launched health cloud platforms with the intent of becoming
the preferred platform ecosystems for digital transformation. However,
health cloud platforms are yet to live up to their promise. (Read our
paper – Evaluating Health Clouds: A Primer)
Big tech firms have made significant progress in building capabilities
to aggregate and analyze large and diverse sources of data. However,
their platforms do not provide “last-mile solutions” and depend on
EHR vendors for interoperability and access to patient health records.
In 2019, big tech firms will increase their focus on building smart
partnerships with EHR firms in areas such as advanced analytics and AI.
Microsoft, Amazon, and Google have raised the stakes in 2018 by hiring
high-profile clinician executives to come up with the elixir for success
in the new digital health landscape. However, it is unclear how these
firms are going to approach healthcare in a differentiated way. Among
all big tech firms, Apple’s remarkable achievement in turning the Apple
watch into an ECG app indicates it is much further along in digital health
than any other big tech firm. Apple has also made significant progress
in integrating its smartphone apps with a wide range of data sources,
including leading EHR systems such as Epic.
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7. Big tech firms, especially the health cloud providers, must
demonstrate how their platforms can provide incremental
value to healthcare enterprises beyond what is available
in EHR systems. They should integrate innovative startups
offering “last-mile” solutions as part of their overall value
proposition
David Chou
Chief Information and
Digital Officer
Children’s Mercy
Kansas City
Recommendations
7
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Digital is not about magically
transforming experiences with technology.
8. Digital health startups will face a continuing struggle for growth and stability
Today, digital health startups are caught between a rock and a kill zone
as they struggle to gain traction with end clients on the one hand and
protect themselves from being crushed by big tech competitors on the
other. For the first time, we saw public failures of promising startups
in 2018. Lantern, Cloudmine, and Quanttus were highly visible startups
that shut down or filed for bankruptcy after failing to gain traction in
the market. Other startups who started as consumer-facing health apps
were forced to pivot to B2B business models to survive.
However, health systems are proceeding cautiously, unwilling to bet
big on risky startups with unproven technologies. The result is “pilot
purgatory” and a race against time for many of the startups, with the
threat of their venture capital (VC) masters pulling the plug hanging like
the proverbial sword of Damocles over their head. The fundamental
challenge for digital health startups remains the same - establishing
a value proposition and generating predictable, recurring, healthy
revenue streams. More digital health startups will fail publicly in 2019
precipitating a shakeout.
Larger firms were not spared either in 2018. Google (Alphabet) quietly
shut down its Alcon diabetes-detecting-lens project, one of its many
“moonshots” trying to find disruptive new technology solutions for
traditional health care problems.
Amidst all this, healthcare enterprises are setting up innovation funds
that will tap into the startup ecosystem by taking equity stakes in some
cases.
Merger and acquisition (M&A) activity will remain the wildcard in
digital health technology markets. In 2019, we will see larger tech
firms acquiring startups, startups merging with other startups, and –
increasingly – healthcare enterprises acquiring technology firms and
startups. Roche’s acquisition of Flatiron Health for $1.9 billion is an
example of the type of transactions we can expect to see in 2019. Tech
firms are driven by the desire for revenue and market share growth,
while healthcare enterprises will look for data, IP, and innovation to
drive their enterprise growth strategy.
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9. Healthcare enterprises have no choice but to continue
to explore the startup ecosystem for innovation ideas
for their long-term future. CIOs, Chief Digital Officers,
and Chief Innovation Officers should work together to
create more supportive frameworks and environments for
promising startups to demonstrate value and help digital
health solutions move seamlessly beyond pilot phases into
enterprise-wide deployment.
Greg Silvesti
Head of Digital Health
and Innovation
AbbVie
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Recommendations
Digital is not about technology: it’s an
enabler for a company’s strategy.