In the cloud, cost control means teaming up with vendors
To enable better use of new technologies, providers in both the public and private sector need to work with vendors to ensure the maximum bang for their newly spent IT buck.
If you’re a federal agency with healthcare responsibilities and you’re tapping into the cloud or using other emerging IT, get the vendors to help you do it right.
That’s according to a recent GovWin research report, which advised that vendors help guide organizations through their advanced technology implementations such as blockchain, artificial intelligence (AI) machine learning, and predictive analytics.
“Vendors that understand agencies’ current needs and architecture and can articulate the best options for implementation or use of new technologies, will have an advantage,” the report authors noted.
The federal government estimates that federal health care spending will increase 80 percent from $918B in 2015 to $1.7T in 2025. Requirements for improved quality, interoperability, data sharing and privacy will drive federal agencies taking on the role of promoter, provider or payer to invest in more IT solutions for enhanced health effects and to thwart waste, fraud and abuse.
The report found that the overall growth of health IT will be driven by investments in the VA, in new EHRs, and the associated network infrastructure needed to support advanced tools. Vendors must also work with healthcare organizations to ensure that all the technology they are implementing is HIPAA compliant.
Healthcare organizations in both the public and private sectors are increasingly challenged to make their IT infrastructure more efficient while cutting back costs. While advanced technology is expected to drive a reduction overall costs in the long-term, the initial investment can be intimidating.
Efforts to increase medical innovation, mobile health, health care cost control and combat public health issues such as the current opioid epidemic will also solidify investments in health IT products and services, the report noted.