This five-step process will help you assess your readiness for the future that healthcare innovation will bring and to capitalize on its arrival.Failure is not an option in healthcare. But it is an inherent possibility with innovation. Healthcare organizations must embrace that inherent risk though, if they want to deliver the best care at the least cost at the most appropriate site.
Hospitals are transforming from receptacles for patients with just any illness to the facility of last resort for the sickest of the sick. Revenue increasingly depends on keeping patients healthy and out of the hospital.
With such rampant innovation, your success—perhaps even your survival—will depend on your ability to embrace risk and cultivate a culture of change across your organization. Technologies, organizational structures and delivery models are evolving so significantly that a single decision impacts all aspects of your organization.Organizations should position themselves for this change by building networks of clinics and establishing telehealth operations as patients demand more in-home treatments. Protecting patients’ privacy and promoting interoperability between providers’ systems and sources of personal health information like wearables will be paramount in attaining new levels of health and wellness for communities.
You cannot afford to just administer your organization for the current state of care. You must manage it like a competitive business instead. You must innovate and execute like an entrepreneur.