Healthcare providers relying on a legacy ERP system to work in today’s digitally innovative landscape are no longer able to keep up with the growing demands of modern healthcare organizations. ERP systems touch nearly every department, serving as the heart and soul of the business. Transformation can be costly, but it is more expensive to stick with legacy systems that do not meet current business needs or have the ability to adapt to the ever-changing nature of healthcare.
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In our last blog post, we covered what is CISOM and why you should care. In this post we will look at how a hospital or health system advances through the eight-stage model. When your hospital decides to start the CISOM journey, they can partner with a HIMSS Analytics certified partner for support of the process and to create a roadmap for outcomes improvement.
One month into the new year, the healthcare community continues to fight another coronavirus surge. The ongoing pandemic has demanded increased innovation and called on healthcare IT leaders to digitally transform operations to improve patient care, lower costs, and improve the clinical, staff, and employee experience. What will we see in healthcare IT investments and business strategy in the coming year?
Hospitals and health systems running archaic systems for finance, human resources, and supply chain likely experience issues with data access and validity, high overhead costs, complicated or siloed processes, and limited functionality and capabilities compared to today’s all-in-one cloud solutions. For healthcare CIOs looking to move to an enterprise system in the cloud, there are a number of considerations to make when selecting a new ERP vendor.
Deploying a new cloud ERP system is a transformative process for any hospital or health system, which can get increasingly complex in today’s environment of large acquisitions and mergers, where healthcare organizations are bringing together disconnected systems on different platforms with different processes, while planning resource allocation amid day-to-day operations. Additionally, hospital staff are already spread thin due to pandemic strain, staff shortages, and employees working remote, further hindering transformation efforts.
The ongoing COVID-19 pandemic has created an urgent push for digital transformation. For many health systems, this strategy starts at the heart of the organization, the ERP.
The COVID-19 pandemic caused many organizations to shift to remote work and accelerate digital innovation. For some organizations, the transition was easy, but for others, it was a call to move business processes to the cloud. If the sudden shift to remote work isn’t enough motivation to consider the cloud, there are other reasons supporting the business case for cloud ERP.
Selecting the right ERP system is one of the most important decisions business leaders may make but get it right can be daunting. If you have selected an ERP in the past, you may recall the process: define the pain points, complete a future state analysis, document a detailed list of functional/technical requirements, and develop a list of potential solutions for consideration. While some of the basics remain unchanged, in the world of cloud ERP, the selection processes of the past will not deliver the best results for the future.
Higher education is undergoing a period of significant disruption and change. The mission of higher education institutions remains the same – teaching and learning. Institutions serve their communities through ongoing research and equipping students with commercially relevant knowledge and skills. The disruption that is forcing fundamental change in higher education is an increasing number of students and their families are not able to afford the price of a college education. Student debt is at its highest ever, forcing educational institutions to compete for a decreasing number of traditional students and an increasing number of students seeking education through other modalities. This is also expanding the emphasis on student retention, success, and fiscal responsibility within higher education institutions.