Exhausted budgets, significant investment pressures: How can the digital transformation of healthcare become a reality despite hospitals’ ongoing financial constraints? We examine the options.
IT and healthcare technology are more closely linked than ever before. In addition to common features of e-health such as electronic patient records and telemedicine, there is a growing focus on digital procedures such as robot-assisted surgery. Such procedures are opening up new possibilities in orthopedic surgery, for example. CT-based 3D models can be used for patient-specific preoperative planning, enabling surgery to be carried out precisely and with minimally invasive procedures.
Hospital managers are already aware of the importance of digitalization in healthcare. Hospitals need to invest and introduce innovations if they are to hold their own in the competition for patients and skilled personnel, and remain viable into the future. However, the financial situation of hospitals in Germany has continued to deteriorate in recent years.
The challenge, therefore, is how to acquire the desired technology without blowing the budget. Essentially, it comes down to whether – and how much – money can be invested in modernizing and digitalizing healthcare.
Around the world, the digital transformation is radically changing many areas of our daily lives, including healthcare. Yet Germany is still lagging behind when it comes to digitalization. Any hospital hoping to hold its own in the competition for patients and skilled personnel needs to invest in improving performance and preparing for the challenges of the future.
Financing should not be the only factor when it comes to innovation, although it is a key factor along with intelligent implementation. Each hospital should therefore develop its own digitalization strategy that takes account of the relevant investment issues from the outset. As a non-captive specialist for technology management and financing, we support healthcare providers throughout every phase of their digital transformation. We offer a three-in-one portfolio of technology, management, and financing, enabling healthcare organizations to benefit from our all-round expertise in investing for the digital future.
Our strategy for implementing your digital transformation comprises:
Investing in new IT and other technologies involves multiple phases and does not simply end when you opt for a particular manufacturer or financing model. “We’re always looking at the whole picture, right from the start of the product lifecycle to the end of an asset’s life. Our services start with planning and procurement, followed by implementation and management of the technologies. The lifecycle ends with remarketing and data erasure,” explains Peter Krause, Head of Healthcare Sector Sales at CHG-MERIDIAN.
We develop customized business concepts that are tailored to your needs and are not tied to specific manufacturers or banks. After analyzing and evaluating your existing IT structures and technological equipment in detail, we seek out the makes and manufacturers that are the best fit for your objectives and budget.
TESMA® is our proprietary technology and service management system, which we developed to provide constant transparency about all assets, services used, and costs incurred. It combines technical and commercial data in a single application, enabling real-time information to be accessed at the click of a button. Optimized clarity and functions for simple financial planning and reporting help to increase efficiency and lower the overall costs in the long term.
Flexible financing enables you to sustainably lower your costs and risks while still being able to manage them. For healthcare providers, this could be a pay-per-use finance strategy that is based on income (pay per procedure), useful economic life (pay as you earn), or the number of operations carried out to financing an operating theater (pay per theater), or it could be an overall financing package.
IT and other technologies are constantly being enhanced and optimized. To ensure that our customers are always using the latest technologies, we offer a technology refresh after a set usage period. This enables them to replace systems or assets with more up-to-date models, which may help to avoid maintenance costs and eliminate inefficiencies.
Lifecycle management plays a crucial role because every asset runs through the typical phases of the lifecycle, from procurement and rollout to actual use and disposal or remarketing. Only by taking into account and planning for the entire lifecycle and total cost of ownership can you make sustainable budget decisions.
Do you want to keep to your budget but still have access to groundbreaking technologies and overcome the challenges of financial constraints while deploying intelligent IT? Then download our white paper ‘Digital transformation in healthcare. From hype to reality.’ for free.