What You Should Know: - With regulatory and financial pressures increasing, many healthcare organizations continue to move to cloud-based enterprise resource planning (ERP) solutions, utilizing them to boost efficiency and provide insights into how business processes can improve. To implement and optimize these solutions, organizations rely on their ERP vendors, who sometimes provide an inconsistent customer experience. - A new KLAS report examines (1) customer adoption across the three
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SAP
KLAS Report: SAP in Healthcare 2023
What You Should Know: - A new report from KLAS finds that several midsize and large healthcare customers have broadly adopted SAP’s platform and appreciate how robust the tools can be. - Customer feedback around the tools’ usability, however, is mixed; some report high satisfaction and praise the systems’ configurability, while others report frustration with complex interfaces and the number of clicks. In general, respondents see their SAP tools as well integrated and able to achieve what
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The Common Denominators of Sustainability in Healthcare: Measurement and Transparency
The global healthcare industry accounts for roughly 5% of greenhouse gas emissions. That is about the same as the cement and chemical industries combined, and more than that of the aviation and shipping industries together. In the United States, the number is even higher: roughly 8.5% of U.S. carbon emissions emerge from healthcare. One might argue, from a carbon-intensity perspective, that is not too bad for an industry comprising nearly 20% of U.S. economic output. But then, one might also
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30 Executives Share Top Healthcare Predictions & Trends to Watch in 2021
As we close out the year, we asked several healthcare executives to share their predictions and trends for 2021. Kimberly Powell, Vice President & General Manager, NVIDIA Healthcare Federated Learning: The clinical community will increase their use of federated learning approaches to build robust AI models across various institutions, geographies, patient demographics, and medical scanners. The sensitivity and selectivity of these models are outperforming AI models
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Why International Expansion Must Remain a Priority for Cerner, Epic, Allscripts, MEDITECH
What You Should Know: - How the top US acute EHR vendors, namely Cerner, Epic, Allscripts, and MEDITECH (+85% share of US acute market in terms of revenues), have progressed on international expansion. As highlighted below, there is a significant variance amongst the big four in terms of revenue and share of business outside the US. Cerner has by far the highest revenue at more than $650M in 2019, representing 12% of its business. Whilst MEDITECH has considerably lower revenue than
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KLAS Healthcare BI & Analytics Report: Is Microsoft Gaining Momentum?
- New KLAS report finds Microsoft’s business intelligence (BI) solution has surged in the healthcare BI and analytics market, due largely to the option of packaging the solution with Azure, Microsoft’s cloud data storage solution. - KLAS report finds Microsoft is tied with Health Catalyst for the second most considerations in healthcare BI and wins nearly all deals in which they are considered. The healthcare business intelligence (BI) and analytics market has become crowded, with
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Five Lessons Learned From Building A CRM for Pharma
We all know the pleasure of interacting with technology that does exactly what it’s designed to do. Whether it’s getting to your destination via Waze, reserving dinner through OpenTable or making an electronic payment through Venmo, applications that work have one important thing in common: they are designed with a purpose and are the true experts in getting exactly that thing done seamlessly. But professional industry software, especially when it comes to healthcare, is a lot more complex.
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Mercy Launches a Nationwide Real-World Evidence (RWE) Network to Pool De-Identified Patient Data
Mercy Technology Services (MTS), the information technology arm of St. Louis-based Mercy health system, has launched a nationwide real-world evidence network to pool clinical data for advanced analysis. The new initiative aims to create a new model of curated data sharing among providers, drug and device makers, regulators and more to power better patient care.MTS Real-World Evidence (RWE) Network BackgroundDeveloped in partnership with global tech giant SAP, MTS’ new network aims to tap into
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Digital Twin Technology: Should Healthcare Jump on the Bandwagon?
While healthcare is known for not jumping to conclusions very fast when investing in new technology, the industry starts to pick up the pace. Such “newcomers” as blockchain, IoT, VR, and AR get a well-deserved appraisal and become an integral part of next-gen custom healthcare software aimed at supporting personalized treatment and predictable patient outcomes across a wide range of conditions. We anticipate that the digital twin technology has good chances to become the next addition to the
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SAP: Digital Innovation Will Fuel Next Wave of Healthcare Breakthroughs
Nearly 70 percent of healthcare companies who transition to the digital economy are expected to see their growth significantly impacted over two years, according to an SAP/Oxford Economics survey of almost 400 global C-level healthcare executives. The survey was designed to track the progress of digital transformations of healthcare companies as they strive to gain a competitive advantage and are able to provide the best care for their patients. While lacking substantial impact from
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