Insights
Insights into digital trends and changes in the health care industry
ARTICLE | June 04, 2020
Authored by RSM US LLP
The right digital strategies can provide health care and hospital systems with a variety of benefits ranging from improved patient to enhanced billing processes. These solutions can streamline the patient experience, meticulously track hospital supply chains or automate the full revenue cycle, to name just a few critical processes, all while providing in-depth analysis and valuable forecasting capabilities for smarter measurement and improved business decision-making.
Health care and hospital system leaders face distinct challenges as they work toward harnessing the power of digital transformation. What concerns and risks are health care executives encountering? Who should be leading and guiding decisions related to technology efforts within the health care system? Are organizations seeing a return on their digital investments and how should they measure these outcomes?
To gauge the transformative impact of a variety of digital methods and strategies within the health care industry, RSM surveyed executives late last year as part of a broader study that looked at digital transformation across multiple industries. While findings were compiled before the coronavirus pandemic, much of the analysis and insights can be applied in this post-COVID-19 “new normal” world.
“Digital transformation in health care has been accelerated by the global pandemic,” Matt Wolf, RSM director and senior health care analyst, said. “As if treating the human tragedy wasn’t challenging enough, providers must now rapidly deploy telehealth and optimized workforce strategies for the duration of their local shelter-in-place orders and optimize these strategies for 2021 and beyond. Patients, employees, vendors and other stakeholders won’t return to a completely physical experience post-pandemic, and providers need to be ready.”
The goal of this report is to provide organizations ideas and opportunities for improvement, evaluate ongoing strategies and provide comparison analysis of peer health care providers.
Learn more on the impact of digital transformation across the organization.
Let's Talk!
Call us at +1 213.873.1700, email us at solutions@vasquezcpa.com or fill out the form below and we'll contact you to discuss your specific situation.
This article was written by RSM US LLP and originally appeared on Jun 04, 2020.
2022 RSM US LLP. All rights reserved.
https://rsmus.com/insights/industries/health-care/insights-into-digital-trends-and-changes-in-the-health-care-industry.html
RSM US Alliance provides its members with access to resources of RSM US LLP. RSM US Alliance member firms are separate and independent businesses and legal entities that are responsible for their own acts and omissions, and each is separate and independent from RSM US LLP. RSM US LLP is the U.S. member firm of RSM International, a global network of independent audit, tax, and consulting firms. Members of RSM US Alliance have access to RSM International resources through RSM US LLP but are not member firms of RSM International. Visit rsmus.com/about us for more information regarding RSM US LLP and RSM International. The RSM logo is used under license by RSM US LLP. RSM US Alliance products and services are proprietary to RSM US LLP.
Vasquez & Company LLP is a proud member of the RSM US Alliance, a premier affiliation of independent accounting and consulting firms in the United States. RSM US Alliance provides our firm with access to resources of RSM US LLP, the leading provider of audit, tax and consulting services focused on the middle market. RSM US LLP is a licensed CPA firm and the U.S. member of RSM International, a global network of independent audit, tax and consulting firms with more than 43,000 people in over 120 countries.
Our membership in RSM US Alliance has elevated our capabilities in the marketplace, helping to differentiate our firm from the competition while allowing us to maintain our independence and entrepreneurial culture. We have access to a valuable peer network of like-sized firms as well as a broad range of tools, expertise and technical resources.
For more information on how Vasquez & Company LLP can assist you, please call +1 213.873.1700.
Subscribe to receive important updates from our Insights and Resources.