3 trends driving transformation decisions in healthcare IT

The healthcare community gathered at ViVE 2022 in Miami in early March to discuss the industry’s latest technology and business strategies. The event was an excellent opportunity for healthcare leaders to come together and share their insights on the industry’s most pressing issues. This year’s conference was especially important, as healthcare providers face increasing financial burdens and patient expectations continue to evolve. Here are the top three themes that healthcare CIOs were thinking about at the event.

Mergers and acquisitions

The recent round of announcements such as …

  • Oracle acquiring CernerMicrosoft acquiring NuanceHarris Computer Corp. acquiring parts of AllscriptsBaxter acquiring HillromStryker acquiring Voceraand others

… makes healthcare CIOs reevaluate their portfolio of products to align better strategically and establish new or deeper partnerships. We will continue to see vendor consolidation in the healthcare technology space, and many CIOs are keeping that theme in the back of their mind as they make purchasing decisions. The main question is whether decision-makers will gamble on an early-stage solution knowing that it is an acquisition target.

Unicorn search

According to a recent study from Rock Health, U.S. digital health companies secured $29.1 billion in funding in 2021, nearly double the amount invested in 2020. Everyone is looking for unicorns in digital health. Aaron Miri, SVP, Chief Digital and Information Officer at Baptist Health in Jacksonville, Fla., said, “SPACs and investors that promised limited upside for start-up valuation are hitting the target. Everyone is looking for the next unicorn, but the reality is that we are driving a well-equipped ford instead of the Bentley the world thinks we drive.” 

Source: CIO


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