HealthTech October 10, 2024
By optimizing their IT spending, organizations can set themselves up to survive and thrive during tough times.
IT spending represents a significant part of most healthcare organizations’ budgets. Technology is no longer just a tool for driving efficiency; rather, it can help organizations create value and increase profits. As digital initiatives take off across industries, organizations want to know that they’re getting the highest return on their investments.
In periods of growth, strategic investments can help health systems maximize their operational productivity and efficiency. In tougher times, optimized spending can spell the difference between survival and failure.
“The key here is value-based budgeting,” says James Watczak, a finance and technology business consultant with CDW. “Transparency involving costs, business impacts and...