A recent survey by the American College of Healthcare Executives revealed that workforce issues topped hospital CEOs' concerns for the second year. The ongoing challenge of staff shortages, nurse turnover, and high vacancy rates continues to increase reliance on costly contract labor, eroding hospital margins and contributing to clinician burnout.
Work preferences are also changing in healthcare. Nurses and other clinicians are prioritizing work-life balance, turning to flexible staffing
Read More
Uncapping Capacity: Solving for Technology Overload in Clinical Trials
The clinical trial landscape has greatly benefited from technological innovations over the past few decades. Innovation has expanded remote monitoring capabilities, patient recruitment tactics and the decentralization of clinical trials. However, one of the greatest hurdles that clinical researchers are currently facing is a deluge of disparate solutions across the clinical trial workflow. For example, surveys reveal that 60% of clinical research sites are using up to, and over, 20 systems on a
Read More
Healthcare Identity Crisis: How CIAM Saves Lives in the Digital Age
In today’s rapidly evolving healthcare landscape, the shift towards digital services isn't just about convenience; it's crucial for effectively maneuvering patient care and saving lives. But it’s easier said than done given the unique challenges healthcare organizations have to deal with in managing patient identification and data access. Moreover, the introduction of new regulations and the demand for sophisticated digital solutions, accelerated by the COVID-19 pandemic, have put further
Read More
Why Precision Medicine Demands a Completely New Type of Database
Precision medicine is revolutionizing healthcare - by optimizing the efficiency and therapeutic benefit for particular groups of patients, especially by using genetic or molecular profiling. This approach enables a range of health disciplines, including disease prediction, prevention and the resulting treatments, diagnostic screening for prenatal and newborns, and screening for rare diseases and cancer types. For life sciences, the ability to peer into high-resolution molecular profiles has
Read More
The Crucial Role of Patient-Level Data in Elevating Healthcare Outcomes
In today's healthcare landscape, patients are more informed than ever before, thanks to easy access to online resources and a growing focus on patient education. This shift has transformed how healthcare is communicated, fostering a new era of personalized care and stronger connections in the industry. Taking center stage amidst such advancements is patient-level data that is being increasingly leveraged for enhanced care quality and strengthened patient-provider
Read More
AI Nurses: The Solution to the Nursing Shortage and Beyond
The healthcare sector is rapidly adopting AI to help improve disease detection and patient care along with delivering efficiency gains. The technology’s potential is fueling an array of investments and innovations in everything from cancer diagnosis to AI nurses. With respect to AI nurses, many believe this application is the only way to ease the industry's staffing shortages.
With the nursing labor gap expected to exceed 10 million by 2030, coupled with the imperative to improve
Read More
Could Amazon or Google Hold the Key to the Future of Public Health Diagnostics?
Anyone who works in medical technology knows that the industry is currently focused obsessively on two prime targets – maximizing the availability of self-testing and playing its part in the common goal of achieving net zero. To those can now be added a third priority – attempting to find a way to make those twin targets mutually achievable rather than, what seems increasingly to be the case, of them canceling each other out. In the evolving landscape of MedTech, biotech, and life sciences, the
Read More
Why Patient Engagement Must Be at the Center of Value-Based Care
In the dynamic and ever-changing landscape of the healthcare industry, patient engagement continues to emerge as a pivotal element of the value-based care (VBC) model. Value-based care seeks to improve health outcomes by leveraging the Quintuple Aim framework – focusing on the patient experience, population health success, cost reduction, team wellbeing, and health equity. Value-based care models center on patient outcomes and how well healthcare providers can improve the quality of care based
Read More
Unleashing the Dynamic Force of AI and Automation to Revolutionize Revenue Cycle Management
Every year, hospitals across the United States, regardless of their size or type, face significant financial losses amounting to hundreds of billions of dollars due to uncompensated care. This staggering figure does not even consider the additional losses incurred by hospitals as a result of underpayments from government-funded healthcare programs such as Medicare and Medicaid.
As healthcare organizations grapple with rising costs, eroding financial margins, ongoing labor shortages, and
Read More
Digital Transformation in Healthcare: Why EAM is the Missing Piece
The sector that is perhaps the most critical candidate for digital transformation is the healthcare sector - the US healthcare system wastes approximately $1 trillion a year and most of it is due to administrative complexity leading to a wastage in medical supplies and equipment. The sector is slowly jumping on the bandwagon of digital transformation in an attempt to improve healthcare provision and increase the efficacy of processes.
In the midst of the ongoing digital transformation
Read More
