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Decisions with Financial Consequences

Strategies for Healthcare Organizations to Drive Digital Transformation

The integration of digital technology into all elements of a business, radically changing how you operate and give value to clients, is known as digital transformation. The recent upheavals have fully proven the requirement for companies to become more responsible and compatible with adopting digital technologies into their operations. Healthcare businesses are one such developing area in which digital transformation is urgently required. Healthcare executives may learn from other industries how to successfully implement digital transformation. As a result, this Harvard Medical School article discusses a few effective digital transformation initiatives that healthcare businesses may employ.

The article opens by stating that the use of digital technologies in healthcare results in exciting gains in ease, efficiency, and outcomes. It has the potential to significantly progress the industry and improve operational efficiency. However, according to the article, meaningful digital transformation in healthcare remains difficult. Healthcare businesses may undertake an entire transformation plan that begins with adopting the appropriate technology and equipping the appropriate executives with the necessary abilities to drive change. Furthermore, the article mentions that in a commentary piece in NEJM Catalyst, Harvard Medical School’s Stanley Shaw and John Glaser address what healthcare professionals can learn from the digital transformation of other industries. The NEJM paper was also named one of the outstanding articles of 2022 by the editors of the NEJM Catalyst. Finally, the article identifies three important criteria that contribute to success. According to the article, the first aspect is to define the transformation before selecting suitable technologies, rather than allowing technology to drive the change. Second, the article advises rethinking the company’s strategy in order to capitalize on new skills. Finally, managing the process of organizational transformation is an important element to consider. Business executives who have the expertise, skills, and strategies to plan and implement technology-enabled change projects have the potential to significantly enhance the healthcare industry, reducing suffering and increasing health and well-being.

Digital transformation is quickly becoming a must in every sector. The aforementioned are a few crucial factors for healthcare firms seeking to foster digital transformation.

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