IL CoP

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@ShahidNShah

Return on Innovation

IL CoP | Community of Practice

No business invests a single penny without knowing the returns,and healthcare innovation is no exception.

This section is dedicated to understanding the value of what value the innovation is returning to the business and users of that innovation – the financial value of healthcare innovations is a good starting point but it’s not the only focus. We begin by answering questions like: “Is this innovation financially viable?”, “What is the ROI on this one?”, “How long will it take to break even?”, etc.

Can Digital Technologies Help Overcome Diabetes? An Assessment of the Recent …

Can Digital Technologies Help Overcome Diabetes? An Assessment of the Recent …

healthcareittoday.com

A recent report by the Peterson Health Technology Institute (PHTI) has raised questions about the effectiveness and cost-benefit of digital interventions for diabetes management. …

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Patient Self-Scheduling Has Reached a Tipping Point

Patient Self-Scheduling Has Reached a Tipping Point

healthcareittoday.com

The Digital Health Tipping Point report by Panda Health sheds light on healthcare leaders' perceptions of digital health technologies. Patient self-scheduling emerges as a top …

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Industry Voices—Why 'New' isn't Always Better in Innovating Healthcare

Industry Voices—Why 'New' isn't Always Better in Innovating Healthcare

fiercehealthcare.com

This article emphasizes that innovation in healthcare often prioritizes "first," "newest," or "cheapest" options but may not always lead to the best outcomes. The author discusses …

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Investing in the Future - Ensuring Positive ROI in Healthcare Innovations

Investing in the Future - Ensuring Positive ROI in Healthcare Innovations

The healthcare sector, often perceived as a bastion of tradition, is undergoing a transformative phase. Driven by technological advancements, demographic shifts, and evolving …

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Debunking Healthcare’s Recession-Proof Reputation

Debunking Healthcare’s Recession-Proof Reputation

medcitynews.com

Historically, the healthcare sector has enjoyed a reputation for its countercyclicality, primarily attributed to the perennial demand for healthcare services and products. It was …

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Decoding ROI in Health Tech - A Blueprint for Assessing Impact in Hospital …

Decoding ROI in Health Tech - A Blueprint for Assessing Impact in Hospital …

In the dynamic realm of healthcare, the integration of technology has transcended from an option to an imperative. As hospitals navigate the labyrinth of health tech …

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Healthcare M&A Activity Reaches 3-Year Low, But It Might Pick Up in the Back …

Healthcare M&A Activity Reaches 3-Year Low, But It Might Pick Up in the Back …

medcitynews.com

In the second quarter of 2023, the healthcare sector experienced a notable decline in merger and acquisition (M&A) activity, plunging to a three-year nadir with just 245 deals. …

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Setting The Revenue Cycle Up For Success In Automation And AI

Setting The Revenue Cycle Up For Success In Automation And AI

This article delves into the potential of leveraging technology to enhance the performance of the Revenue Cycle Management (RCM) function. RCM is a complex process heavily reliant …

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Why Private Equity In Healthcare Is Receiving Closer Scrutiny By Journalists And …

Why Private Equity In Healthcare Is Receiving Closer Scrutiny By Journalists And …

The acquisition of medical practices by private equity entities has garnered increased attention and scrutiny from scholars, journalists, and regulatory bodies. Recent narratives …

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What is the ROI for Conversational AI in Patient Access?

What is the ROI for Conversational AI in Patient Access?

medcitynews.com

HCA Divisional CIO, Andy Draper, highlights the need for health systems to prioritize technology to enhance staff retention and curb employee burnout. Hospitals and clinics face …

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The Desire for Cost Savings Driving Key Trends in Healthcare Market

The Desire for Cost Savings Driving Key Trends in Healthcare Market

hitconsultant.net

The healthcare market experienced substantial shifts during the pandemic, with patients reevaluating their care choices, favoring telehealth and postponing elective procedures. As …

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How Digital Health Startups Can Help Revise The Healthcare System

How Digital Health Startups Can Help Revise The Healthcare System

David Stein, a member of the Forbes Technology Council, explores the potential of digital health startups in revolutionizing the healthcare system. In his article titled "How …

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Memo to tech companies: Hospitals are looking for ROI, ASAP

Memo to tech companies: Hospitals are looking for ROI, ASAP

chiefhealthcareexecutive.com

Hospitals and health systems know they need help on some of their digital health efforts, and they say they are looking to work with tech companies. In "Memo to tech companies: …

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Healthcare Costs Will Increase Significantly Over The Next Decade

Healthcare Costs Will Increase Significantly Over The Next Decade

Over the past few decades, the healthcare industry has made significant progress in treatment modalities, advanced diagnostics, and in improving overall patient well being. …

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Understanding the Keys to Successful Innovation Investing

Understanding the Keys to Successful Innovation Investing

Earlier this month, Houston-based Memorial Hermann Health System and Iowa-based UnityPoint Health invested a combined $5 million in clinical data startup Carta Healthcare.In …

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Digital Health’s ROI Reckoning: How To Uncover New Value From Old Investments

Digital Health’s ROI Reckoning: How To Uncover New Value From Old Investments

medcitynews.com

To increase your return on technology investment, start with an audit of existing technology. Where is it falling short? Do problems stem from lack of functionality or troubles …

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An Innovative Return on Investment Methodology that is Honest and Reliable

An Innovative Return on Investment Methodology that is Honest and Reliable

medcitynews.com

In healthcare, we need honest methodologies that accurately capture both the cost and complexity of specialty care and deliver a reliable ROI calculation. Only this sort of …

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Health Systems Will Seek More Cross-Market Mergers, But Many Will Fail

Health Systems Will Seek More Cross-Market Mergers, But Many Will Fail

medcitynews.com

Last week, New Mexico-based Presbyterian Healthcare Services and Midwest-based UnityPoint Health signed a letter of intent to merge. One consultant thinks these kinds of …

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63 system execs share the most valuable tech investments in the last 2 years

63 system execs share the most valuable tech investments in the last 2 years

beckershospitalreview.com

The COVID-19 pandemic highlighted a need for technology in all areas of life but especially in healthcare. Investors in healthcare technology estimate digital health investments to …

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Measuring the return from pharmaceutical innovation 2021

Measuring the return from pharmaceutical innovation 2021

Our latest report looks at the current state of R&D returns for 15 leading biopharma companies from May 2019 to April 2020, the impact of the pandemic on R&D pipelines …

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Under Financial Pressure, How Are Health Systems Prioritizing Digital Health …

Under Financial Pressure, How Are Health Systems Prioritizing Digital Health …

The current economic climate, rising costs and interest rates, and planned cuts to Medicare payments are all impacting organizations’ financial outlooks – issues only compounded by …

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Digital Investments In Healthcare Must Be Measurable, Not Just Marketable: …

Digital Investments In Healthcare Must Be Measurable, Not Just Marketable: …

Without a core thesis or strategy behind why we are deploying digital, and how we ought best do so, it's hard to design the right solution, let alone prove its impact. The past few …

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Delivering Medical Innovation in a Value-based World

Delivering Medical Innovation in a Value-based World

Discover the implications for medical innovation as the health care industry transitions to value-based care. Biopharma, medtech, health plans, and provider executives suggest four …

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The Case For Greater Focus On Innovation In Medicare Advantage

The Case For Greater Focus On Innovation In Medicare Advantage

The Center for Medicare & Medicaid Innovation (the Innovation Center) was chartered by section 3021 of the Affordable Care Act. Its purpose was to streamline the implementation …

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ROI: Return on Innovation

ROI: Return on Innovation

theophthalmologist.com

The ultimate high-impact ROI that delivers for ophthalmic patients, investors, and innovators. Innovation is non-linear, experiential, elusive, difficult to teach didactically, and …

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How Healthcare Organizations Can Streamline Workflows as a Cost-Saving …

How Healthcare Organizations Can Streamline Workflows as a Cost-Saving …

healthtechmagazine.net

A daunting financial landscape doesn’t mean innovation and partnerships take a backseat. Healthcare organizations are expected to enter strong financial headwinds in the first …

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Innovation Amid Declining Margins: Four Questions Health Systems Should Ask …

Innovation Amid Declining Margins: Four Questions Health Systems Should Ask …

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 …

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Value Stream Management: The New Prescription for Better ROI

Value Stream Management: The New Prescription for Better ROI

A successful business is focused on delivering value. Therefore, the projects that you are running need to be aligned to the strategic objectives of your organization.With the …

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How to Measure and Improve Digital Transformation ROI

How to Measure and Improve Digital Transformation ROI

searchcio.techtarget.com

As digital transformation projects increase in scope, demonstrating a compelling return on investment (ROI) is vital for digital transformation teams to earn support and funding …

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Return on Health: Moving Beyond Dollars and Cents in Realizing the Value of …

Return on Health: Moving Beyond Dollars and Cents in Realizing the Value of …

The COVID-19 pandemic spurred a dramatic increase in virtual care adoption and use. This evolution to digitally enabled care will fundamentally transform the value equation for …

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Return on Health Virtual Care Case Study: Complex Care Coordination

Return on Health Virtual Care Case Study: Complex Care Coordination

At the onset of the COVID-19 pandemic, Cityblock recognized the need to adapt its traditional care model and workflow to engage patients virtually to prevent disease spread and …

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How to Measure the Value of Virtual Health Care

How to Measure the Value of Virtual Health Care

Accelerated by the pandemic, we are entering an era, where in-person and virtually enabled care will be seamlessly integrated and the mode of care delivery will be based on …

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Measuring the Value of Virtual Care

Measuring the Value of Virtual Care

The AMA has developed a “Value of Virtual Care” framework that accounts for the various ways in which virtual care programs may increase the overall “Return on Health” and generate …

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How to Measure the ROI of Digital Healthcare Innovation

How to Measure the ROI of Digital Healthcare Innovation

healthcareweekly.com

The shift in healthcare from a fee-for-service model to a value-based system, coupled with the rise of the empowered patient, presents the perfect opportunity for healthcare …

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ROI Measurement in Digital Healthcare Innovation

ROI Measurement in Digital Healthcare Innovation

The digital transformation of healthcare is being fueled by the increase in novel and greatly appealing digital experiences from e-commerce sites. The shift noticed in patients …

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