September - 201919HOW RECENT TECHNOLOGY DEVELOPMENTS AND TRANSFORMATIONS IN HEALTHCARE ARE IMPACTING YOUR BUSINESS ENVIRONMENTDr. Dhrumil Shah, CMIO & CIO, Compass MedicalByThe healthcare industry is at a crossroads. Changing priorities, conflicts, opportunities, advances and declines are all measures that affect the direction of healthcare and the ability to achieve success. Today's healthcare arena focuses on "value based care" over the old "fee for service" model and monitoring and managing chronic care vs. reacting to sick care. This change has occurred due to effectively deploying big information technology in order to improve our clinical, administrative, financial, and organizational performances.MACRA, MIPS, ACO, Big Data, Data Science, Business Intelligence, AI & Machine Learning, if you are familiar with these types of buzz words and acronyms you already know what I am talking about. Healthcare is in a major flux right now and a cloud of uncertainty looms above, keeping our vision obscured. There are many opportunities and challenges we face today in healthcare and I believe the leadership of our CIO's plays a crucial role in facilitating innovation, collaboration and creating new opportunities for our success ahead.CMO insights
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