February 12, 2019
Kate Gamble

There was a lot of buzz recently when Jim Cramer made a comment on his show, Mad Money, recommending Apple buy Epic Systems. While that is one approach to tap into the healthcare market and gain market share, it will not transform the industry. Buying another healthcare technology company, like Epic, will not have the same impact if the operating model and processes do not change.

Instead, Apple or another major technology company must buy a hospital or a small health system to transform operations and take advantage of the latest technology solutions. Here are some ways in which hospitals would benefit from being owned by a technology company.

  • Every hospital is a digital technology company. One of the highest operating department expenditures...