What You Should Know: SSM Health, a nonprofit health system and Siemens Healthineers have announced a new 10-year strategic partnership agreement focused on expanding access to high-quality care and training the next generation of health care workers. The agreement with SSM Health creates the largest geographic Siemens Healthineers strategic partnership to date. Advancing Health Equity & Workforce Development The strategic partnership will focus on advancing
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digital transformation
General Catalyst Partners with Israel’s Sheba Medical Center to Drive Digital Health Transformation
What You Should Know: Sheba Medical Center, Israel’s largest medical center and a Newsweek ranked world’s best hospital for the last five years, and General Catalyst, a leading US-based venture capital firm, today announced a strategic partnership to accelerate digital health transformation. Sheba is the second global partner and first partner in Israel to join the General Catalyst's Health Assurance Ecoystem cohort. Paving the Way to Accelerate Transformative
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The Next Era of Healthcare Will Be Built On These 3 Principles
The U.S. healthcare industry has hit an important inflection point. The global pandemic highlighted an increased need to deliver quality patient care. However, outdated, legacy technology is straining many health systems, and in some cases, exaggerating existing problems such as rising operational costs and high rates of attrition. Health and hospital systems must take a purposeful approach to IT modernization — which includes embracing new technologies — to ensure success. And while each IT
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Verizon Inks $448.3M Veterans Affairs Contract to Supply Medical Devices
What You Should Know: Verizon Public Sector announced a $448.3M, nine-year expansion of its existing partnership with the Department of Veterans Affairs (VA) medical centers and healthcare facilities to supply mobile devices including mission-critical communications support during the VA’s disaster recovery missions and other emergencies.As part of the agreement, the VA can purchase devices and services for community-based outpatient clinics, field and program offices, and remote users in the
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How AI Can Deliver Benefits in Healthcare Manufacturing and Patient Device Usage
According to Grand View Research, the global artificial intelligence (AI) in the healthcare market size was valued at USD 15.4 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 37.5% from 2023 to 2030, to reach an estimated USD 208.2 billion. That’s an impressive growth rate, indicating the expected value delivery to a mostly early-phase adoption of AI in the healthcare marketplace. With such aggressive predicted growth, many health industry professionals
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How Digital Transformation is Accelerating Healthcare and the Impact on Hospitals in the Future
The pandemic has accelerated the adoption of digital health technologies across the healthcare industry. Digital transformation is now the top priority for many healthcare leaders as they seek to build resilient systems. At its core, this means implementing emerging digital technologies to modify essential operations, processes, and services to ease staff workload and withstand future challenges. The primary drivers of digital transformation are consumerism, cost, and experience/expectations,
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Consumer Trust: How Healthcare Organizations Can Build Confidence with AI
Trust is a vital component of healthcare. It impacts whether someone shows up for a doctor’s appointment, follows their treatment plan, or plays an active role in their health. But building trust doesn’t just happen at the front counter, inside the doctor's office, or in face-to-face interactions. Increasingly, consumers are interacting with their health plans through online and mobile touchpoints — and these virtual experiences are no less crucial to building trust than in-person
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KLAS: Global (Non-US) EMR Benefits 2023
What You Should Know: As electronic medical record (EMR) adoption grows worldwide, healthcare organizations considering this digital transformation all have the same question: what benefits can we really expect to receive from implementing an EMR?KLAS interviewed leaders at 36 non-US healthcare organizations—12 of which are HIMSS Level 6 or 7—to learn about their journey to realizing benefits from an EMR implementation. Their latest report summarizes their insights, including what
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The Future of Digital Transformation in Hospitals
Hospitals are increasingly motivated to drive digital transformation in order to improve patient outcomes, reduce costs, meet regulatory requirements and stay competitive. Additionally, digital transformation can support medical research and drive innovation in healthcare, as well as generate new revenue streams. An increasingly important tool as hospitals undergo these transformations is federated learning, a technology that we will expand on later. Federated learning is a machine learning
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Value-Based Administration Enables All VBC Network Stakeholders to Benefit
Despite holding the promise of delivering superior patient outcomes while lowering healthcare costs, many providers remain reluctant to embrace value-based care (VBC) reimbursement models. Progress toward VBC adoption hasn’t achieved its potential yet, hovering around 60% of all payment models from 2018 to 2021, with the remaining 40% comprised of traditional fee for service (FFS). Though some providers simply are hesitant to abandon the FFS model that has served them well, others are leery
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