Healthcare Application Portfolio Management & Decommissioning: Decrease Costs; Increase Agility

Health systems that have made significant investments to their information technology infrastructure are finding they must upgrade their technology continuously. At the same time, they are experiencing downward cost pressures generated and intensified by COVID-19. In this context, application portfolio management and decommissioning is a necessary practice to ensure that IT is properly aligned with emerging initiatives and priorities; addition to portfolio costs must be counter measured to balance cost and value.
 

KEY TAKEAWAYS:

• Application decommissioning is critical to improving the financial posture of healthcare delivery organizations that has likely been significantly diminished by COVID-19.
• Formulation of the risk profile of the application portfolio is linchpin to the initiative and ranks applications based on their functionality, type of information processed, and overall business value.
• Done right, application decommissioning can save your organization a lot of time and money that would have otherwise been spent managing legacy applications. Done wrong, you can face a lot of legal scrutiny and cybersecurity issues.