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Doing more with digital…

Rising costs, declining reimbursements, and higher turnover: they’re the root causes of the crisis that many health systems are facing. For some health systems, the response has been to do less with less, scaling back and even eliminating services. Although the situation may seem dire, there are alternatives that can help health systems maintain access to care while improving their bottom line.

Digital strategies can help health systems reverse these downward trends, providing significant economic benefits at a crucial time. Prioritizing the right digital solutions can transform health systems’ cost structure by reducing the need for labor, lowering the unit costs of delivery, and expanding capacity for near term revenue increases. If you need answers now, we’ve got a short list of priority digital solutions that can drive short term financial impact while helping to build the longer term foundation for your modernized operations. You simply can’t afford to wait. Let’s get started.

Industry Insights

• Need for speed: Navigating financial headwinds with digital [AVIA]
• How health tech can improve the patient and provider experience [MedCity News]
• As U.S. Covid hospitalizations climb, a chronic nursing shortage is worsening [New York Times]
• The future of healthcare: What’s next for the industry post-COVID-19 [McKinsey]
• Patient experience and clinician well-being aren’t mutually exclusive [Harvard Business Review]

Resource of the week

The cost structure of most health systems isn’t sustainable. That’s because too many processes are still based on manual, labor-intensive methods that raise staffing costs and, ultimately, unit costs to serve.

These challenges aren’t going away, given inflation and declining reimbursements. Health systems need to find ways to navigate these financial headwinds. Digital is the only way to fundamentally redesign the cost structure for sustainable operations to support systems like yours meet their mission and margin. Find out how during our webinar, Need for speed: Navigating financial headwinds with digital, on August 10, at 11 AM CT,  where we’ll share immediate, high-impact strategies to accelerate digital transformation that will boost your bottom line.

What we’re into this week

Read: The Company we Keep, by Frances Itani, a story about six strangers who meet at a café and learn that beginnings can be possible at any stage of life. As they tell their stories, they must navigate what is shared and what is withheld

Listen: to the New Yorker Radio Hour, a weekly podcast with a mix of thought-provoking stories and interviews inspired by the magazine

Watch: Thor: Love and Thunder, which follows Chris Hemsworth’s character through a series of trials and tribulations (namely, a galactic deity butcher) on his quest for inner peace