Innovation Amid Declining Margins: Four Questions Health Systems Should Ask Themselves Prior to Investment

Profits are shrinking, clinician and staff burnout is at an all-time high, and patients are demanding more out of their healthcare experiences: this is the reality for hospitals and health systems across the country. Covid has stretched the healthcare system to its limit, and hospitals and health systems continue to look to technology to help solve some of today’s greatest challenges.

So while 2021 may have been another record-breaking year in digital health funding, health systems must proceed with caution when investing in technology – asking the right questions to find the best solutions and partners, the first go-around. Today, taking a strategic, methodical approach to technology purchasing decisions is non-negotiable, especially given the increasing financial strain under which hospitals and health systems find themselves.