Answers for a Healthier World

Strategy is everything in healthcare. If you think about it, regardless of your industry, strategy is what makes every company function across the board. The foundation of successful strategy is effective leadership - particularly in the healthcare industry when dealing with optimizing and managing an electronic healthcare record (EHR).

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Top 5 Considerations for an Affiliate Partnership

Collaborating and integrating electronic health record (EHR) systems between a host and an affiliate network carries several advantages. For the host, it can lower the overall budget of technology by spreading the burdens associated with large technology implementation and transferring some of those costs to affiliate hospitals and clinics. The affiliate hospitals and clinics gain the advantages of a single EHR system that can extend services to their patients through technology such as online patient portals, allowing their customers access to test results, appointment scheduling, and communication channels with clinicians.

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Strategic planning is essential in healthcare- particularly when implementing and operationalizing an EHR. One key extension to proper strategic planning is project and portfolio management. According to the Project Management Institute, 89% of high-performing organizations value project management and 81% of high-performing organizations actively engage sponsors.  An overall Portfolio Management Framework, however, is a necessary component to effective project management since it can instill a programmatic but practical approach towards implementation and optimization initiatives. To sum it all up, portfolio management helps projects align with overall enterprise strategies.

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A regulation-based, seismic change recently hit the healthcare industry. The Medicare Access and CHIP Reauthorization Act of 2015 (MACRA), a Medicare payment reform, went into effect January 1, 2017. MACARA and the associated Quality Payment Program (QPP) regulation will shift the reimbursement model from a straight fee for service model to a more comprehensive value-based framework.

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Mergers, acquisitions, and joint partnership agreements among hospitals have picked-up over the past few years, and for good reason. Organizations are looking for alternative partnerships or affiliations as a pathway to success under the emerging value-based business model, often referred to as a population health management model.

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Many of the technologies as well as the business processes and even best practices that have been a bedrock for industries are being washed away by a phenomenon called digital transformation (DX). Cleverism.com defines digital transformation as the use of digital technology in every aspect of human society and living. They see digital transformation as the third step of a long process, coming after achieving digital competence and then becoming fully digital literate. This definition, however, doesn’t address what this means for hospitals.

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Improving the quality of care is a universal goal within the healthcare industry. Often, that goal is hindered by the number of siloed or proprietary technology systems that clinicians and patients must muddle through when seeking treatment.

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