The Shrinking Lifespan of Technology-Based Healthcare Strategies

The chief digital information officers (CDIO) are finding great trouble to formulate strategic plans due to the vagueness of policies, diversity in the marketplace as well as advancement in the technology. The CIO’s are struggling with the shift in the technology. The escalating consumerization in the healthcare industry has turned out to be a major issue in an industry that hardly considers the healthcare consumers until recent. In the current scenario where there are quick shifts and changes in the business preferences, a major deliberate problem is the dwindling lifespan of strategy itself. The current situation for CIOs is quite challenging which demands them building and executing flexible programs which fit in under the altering technological strategies implemented by authorities.

Following are some topics trending in healthcare over these concerns.

Healthcare Consumerism

The healthcare consumers are seeking higher transparency in the healthcare services to make right decisions. In addition, they want to manage their health partly on their own which is only possible when they have sufficient knowledge and know-how about the costs and contact points regarding healthcare services. The improvement in healthcare consumerism is possible by providing them with appealing and most favorable healthcare services and products with their active participation.

Rising Dependency on Healthcare Technologies

Internet of Things (IoT) tools and solutions, wearables, in particular, are grappling to express true advantages they can bring to the healthcare industry. At the same time the looming threats of data violation from cyber-attacks on smart devices have created an environment where everyone wants to adopt the new technologies but at the same time is afraid of its implications. Healthcare organizations which have opted for a technology-based workflow are now required to invest in maintaining the security of healthcare technologies.

Collaboration with Non-Healthcare Sectors

Healthcare industry collaborates with other non-medical or non-healthcare technology players. I recent times the use of Artificial Intelligence has helped in improving the workflow. These non-healthcare sectors are beneficial in various ways because they have perfected their technologies in other industries and now they want to make use of it for the healthcare industry.

Volatile Policies in Healthcare

In spite of the declined pace and substitution of the Affordable Care Act (ACA), still, some major variables are there. These types of variables put some critical repercussion over the healthcare system as well as influence healthcare strategies. The technology sellers or providers possibly become the owner of the technological assets themselves which possess no value strategically. Not any of this implies to the frozen IT function in healthcare enterprises in effect of the swift changes. The CIOs need to obey the following recommendations to battle with the shrinking of technological strategy shelf life:

  • Establish a flexible plan capable of answering to the rising issues in the healthcare industry as well as advice the healthcare providers to develop sophisticated decisions regarding their business and clinical facilities. There is a need to invest in those technologies which can scale up according to the changing requirements. For instance, Healthcare providers need to invest in cloud-based healthcare technologies which are more affordable are easier to alter or upgrade.
  • Develop the tendency to get to know and examine the data immediately which could be the basis of endeavoring to the shift towards value-based care.
  • Adding more flexibility and resilience to financial assets.

It is expected from the healthcare authorities and decision makers to be more thoughtful about the compatibility and the change a new strategy would bring. The strategic lifespan has reduced and we are living in an ever-changing consumer market. So, the strategy should be focused on the shorter span and with the inclusion of fewer changes from the precedent.