Part 1 in the transformation series to help you meet today's operational needs while investing for the future.
Looking for Part 2? Read Plan strategically for a stronger future for more insights.
The problem of competing demands
As a senior executive at a major healthcare network, imagine just completing a merger with a neighboring system. The promise? Greater reach, expanded services, and the efficiencies of a unified health system. But blending two organizations brings challenges: overlapping technologies, disjointed processes, rising costs, and more.
Now you're managing a mixed technology fleet with interoperability gaps, ballooning maintenance costs, redundant IT systems, disparate supply chain contracts, and a stretched workforce. Stabilizing operations is urgent—but so is investing in advanced technologies to upgrade aged equipment and support the transition to a unified health system.
With limited resources, the tension between short-term fixes and long-term transformation is real. But so is the opportunity to define the future of your organization’s success
Fund the future without breaking the bank
Immediate demands like patient care, staffing, and equipment upgrades often compete with future-focused investments. For leaders caught in the middle, the key is shifting from traditional transactional spending to flexible, innovative financial strategies.
Value-based contracting. This can help bridge the gap between current financial constraints and future transformation goals by providing financing options aligned to long-term success rather than short-term sales.
Partial self-funding. Advanced technologies like AI and digital platforms can help pay for themselves by increasing efficiency and throughput. They can also upgrade and scale over time, extending their value. For example:
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Reduced length of stay. Advanced remote care technologies and operational command-centers can help increase throughput while reducing staff burden by streamlining care coordination, reducing occupancy, and minimizing delays.
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Increased efficiency. AI, automation, and assistive technologies can help enhance productivity. Equipment with standardized capabilities, protocols and maintenance helps simplify workflows, improve efficiency and elevate patient care.
Aligned incentive-based agreements. Healthcare solution partners can share responsibility for value realization by achieving pre-agreed outcomes, fostering accountability.
Predictable payment schedules. Consistent long-term payment schedules help enable better financial planning and allow for scaled investment over time.
Consider a sustainable solution
A Care Alliance with GE HealthCare is a strategic, long-term collaboration tailored to a health system’s unique priorities.
These relationships combine expert guidance with customizable technology and service solutions to help achieve complex goals faster. It’s a fresh approach to shared, sustainable growth.
Explore Care Alliance
Continue reading the series:
- Part 2 - A Balancing Act in Transformation: Plan strategically for a stronger future—Meet today’s operational needs while investing for the future
- Navigating Complexity—The hidden costs of adopting healthcare technologies at scale
- The Power of Integration—How connected people, processes, and technology unlock new value for health systems
