News from Innovative

Median days cash on hand dipped to a 10-year low for U.S. hospitals and health systems. To shore up their balance sheets, hospitals are looking for cash savings from their IT areas, among others, using a process called application rationalization.

High IT costs are on the radar for hospital CIOs and CEOs. About half of CIOs believe that there are more applications in their portfolio than the business requires. For some hospitals, these financial pressures are putting care at risk. Changes in the IT area could significantly cut costs and, at the same time, improve care delivery.

Hospitals are continuing to feel the financial pinch. To stay afloat, one cost-cutting measure is to outsource parts of IT. In fact, the IT outsourcing trend is growing, because the benefits go beyond cost savings.

Establishing a hospital’s integrated data ecosystem while implementing AI will help avoid data privacy issues. Five key components of data ecosystem integration success.

Nearly half of all nurses are unhappy with their EHR usage experience and cite insufficient training as one reason why. Innovative Consulting Group’s Regional Vice President, Mark Weinig describes five best practices for increasing nurse satisfaction as it relates to their EHR experience.

Healthcare’s dependence on technology, and the potential revenue boosts from AI, have elevated the CIO from managing a cost center to now managing a revenue generator. With this change, many CIOs are now reporting to CEOs instead of CFOs.