How health systems can gain ROI with better archiving strategies

In a preview of his HIMSS23 presentation, Sidney Dixon, chief applications officer at Tower Health, discusses the value of properly archiving legacy data as part of EHR conversions. Implementing the right digital technology can provide healthcare facilities with many benefits, including increasing their return on investment (ROI). Here are some ways healthcare facilities can increase their ROI through the implementation of digital technology:

• Improved Efficiency: Digital technology can automate various tasks, reducing the time taken to perform them. This can lead to significant improvements in efficiency and productivity, reducing operational costs and increasing ROI.
• Better Patient Outcomes: Digital technology can help healthcare facilities provide better care to their patients. For example, electronic health records can help doctors and nurses make better-informed decisions, leading to better patient outcomes, and ultimately increasing patient satisfaction and loyalty.
• Improved Communication: Digital technology can help healthcare facilities improve communication between healthcare providers and patients. This can help reduce errors, improve care coordination, and ultimately increase ROI.
• Increased Revenue: Digital technology can help healthcare facilities generate more revenue by providing new revenue streams. For example, telemedicine can help healthcare facilities provide services to patients remotely, increasing revenue and ROI.
• Reduced Costs: Digital technology can help healthcare facilities reduce costs by reducing the need for manual processes, lowering the risk of errors, and decreasing administrative overhead.
• Competitive Advantage: Implementing digital technology can give healthcare facilities a competitive advantage by improving patient care, reducing costs, and increasing revenue.

Overall, implementing the right digital technology can provide healthcare facilities with numerous benefits, including increased ROI. It is essential to work with experienced technology providers to identify the right digital solutions that will help healthcare facilities achieve their goals.