This episode features Gregory Hoffman, EVP, Chief Financial Officer at Providence. Here, he discusses his background & current role at Providence, his focus on addressing the challenges surrounding workforce shortages, the importance of automation, and more.
Summary
Gregory Hoffman discusses workforce shortages and automation in healthcare
Background and role at Providence
In a recent episode of a healthcare podcast, Gregory Hoffman shared his background and current role as the EVP and Chief Financial Officer at Providence Health. He discussed his focus on navigating challenging times ahead and accelerating strategic themes such as digitization, deconstruction, and diversification.
The challenges of workforce shortages
One of the significant challenges that the healthcare industry faces is workforce shortages. According to Greg, addressing this challenge is a top priority at Providence. He emphasized the importance of developing strategies to retain current employees, recruit new workers, and optimizing workflows to maximize efficiency.
The importance of automation
Greg also discussed the role of automation, which can help healthcare organizations to improve efficiency, reduce costs, and improve patient care. He pointed out the entry of tech giants, such as Microsoft, Amazon, and Apple, into the healthcare industry, offering innovative technologies to help healthcare institutions provide better care.
The importance of acute care infrastructure
While digital technologies offer significant opportunities, Greg emphasized that acute care infrastructure will always be essential for healthcare communities. Therefore, healthcare organizations need to find a balance between innovation and traditional service delivery to provide the best possible care to their patients.
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 11/06/2022 and can be listened here.
Subscribe to Beckers Healthcare Podcast here.