5 Health IT impact points on Consolidation

Providers can focus more on patients when technology becomes more invisible…..and seamless

https://i1.wp.com/www.column5.com/sites/default/files/images/generic/Column5-BPC.pngA majority of health it professionals are trying to keep up with the latest technological advancements in the healthcare industry. They seem to be more stressing on implementing and maintaining health systems than keeping track of larger healthcare trends driving the industry e.g. the pace at which hospital practices are being purchased and sold.

The fact however is that health IT is a major factor in the decision-making of healthcare administrators, affecting the overall consolidation process.

Greg Chittim, Director of Analytics and Performance at Arcadia Solutions, has listen down five major areas where IT concerns factor into the drive toward, and the success of, consolidation.

  1. Cost: Due to Meaningful use crossing its latent stages and entering a new stage where reimbursements start to shrink for providers who haven’t gone digital, small and mid-sized companies – who despite having small budgets are forced to go digital – will be under the scanner of being purchased in order to mitigate some pressure.
  2. Change management: To upgrade their systems is one of the biggest challenges for providers and organizations. It’s harder in case of small and mid-sized organizations. Larger organizations, however, can afford to bring in that expertise, if they don’t have already. Thus, they have a better chance of realizing the promise of new IT implementation.
  3. Diverse systems: Diversification of IT systems is another key consideration when it comes to implementing IT strategies in organizations. Not everyone can go for the same, unified platform.
  4. Privacy: Privacy is one of the major threats of every organization implementing an information storage/ management system.
  5. Tech support: Access to continuous support is hard for small practices but not so hard for large providers and hospitals.

Chittim says, “When consolidation happens, you presume that those who are buyers are generally the ones who have sophisticated infrastructure and well-established best practices.” Which means, ideally, consolidation will lead to greater efficiencies, as well as a higher quality of care.

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