The Cost Of Doing Nothing

In this episode we are joined by Kimberly Hartsfield, EVP of Growth Enablement at VisiQuate, to discuss the potential issues with hospital leaders putting projects, implementations and purchases on hold, the importance for organizations to invest in their futures now, and the change that comes along with embracing technology. This episode is sponsored by VisiQuate.

Summary

Hospital Leaders Mustn't Put Technology Investments on Hold, Says VisiQuate Executive

Kimberly Hartsfield, EVP of Growth Enablement at VisiQuate, joins us on this episode to discuss the potential consequences of hospital leaders delaying projects, implementations, and purchases, and the need for organizations to invest in their future now. Sponsored by VisiQuate, Ms. Hartsfield details how healthcare organizations can save money and increase efficiency by embracing technology and highlights the importance of leaders investing in data-driven strategies and advanced analytics.

Data-Driven Strategy Is Key to Financial Sustainability

Hospital leaders must recognize that what may have worked for them in the past is no longer enough to sustain their financial operations. Advanced analytics can help healthcare organizations effectively work denials and improve workflows. According to Ms. Hartsfield, investing in technology and data, and having a data-driven conversation are essential to getting organizations to embrace technology. Organizations should also gather requirements from stakeholders and have vendors guarantee a return on investment to ensure successful technology investments.

Invest in Your Future Now

Gone are the days when hospitals could afford to put off technology investments. Delaying projects or purchases could result in negative outcomes like reduced patient access, increased operational costs, and unpreparedness for future industry changes. Ms. Hartsfield emphasized the importance of investing in infrastructure and technology now to ensure a sustainable future for organizations.

Change Is Inevitable — Embrace It

Ms. Hartsfield also discussed the challenges healthcare organizations may face when embracing change, stating that organizations must recognize the power of technology and how it can enhance existing workflows. Embracing technology can help healthcare organizations save money and provide better care, but it requires a change in mindset that may not always be easy. It's important for leaders to approach the technology conversation with an open mind and work towards creating a culture that prioritizes technology and data-driven strategies.

To learn more about how VisiQuate is helping healthcare organizations leverage the power of technology and data, visit their website at www.visiquate.com.

 

Note: This is an AI generated transcript, not edited by a staff writer and is solely intended for educational purposes. If you have any questions/concerns, reach out to podcasts@beckershealthcare.com

 

This episode aired on 01/17/2023 and can be listened here.

 

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