STORIES & SOLUTIONS FOR THE MODERN BUSINESS USER

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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.

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.

TL;DR

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 COVID-19 pandemic illuminated many areas in healthcare that need innovation, some of the most glaring catalysts for change being supply chain disruptions, stock shortages, and rising procurement costs. According to industry analyst Gartner, the total supply chain cost to serve a health system averages 37.3 percent of the total cost of patient care. As health systems and medical centers look to lower supply chain costs and build a more resilient supply chain, there are key areas modern ERP is helping hospitals and health systems improve supply chain management (SCM).

Whether your M&A strategy has left you with a patchwork of systems and disparate processes, your vendor has announced plans for decommissioning its legacy solution, or your 20+ year old system fails to make operations more efficient, it’s time to upgrade your infrastructure. Staying with legacy systems is not an option; it is only a path to being left further behind.

People are reaching retirement age at an exponential rate compared to ever before, with 10,000 baby boomers turning 65 every day through 2029. The expected number of Americans over the age of 65 who will need care by 2050 is greater than 15 million. An aging population presents major challenges for long-term care providers, many of which are running outdated software with manual processes to get work done. Every long-term care (LTC), home care, and assisted living organization should consider ERP modernization to keep pace with changing patient needs and streamline, simplify, and automate processes. We’ve taken a look at the top focus areas for building the business case for modernization in the long-term care industry.