Application Rationalization
A STRATEGIC SOLUTION FROM INNOVATIVE
Keep the Applications You Need, Ditch the Ones You Don’t
You know there might be redundancy and some waste in your IT landscape. But you might not know how to clean house. We do. Our Application Rationalization solution provides healthcare leaders with detailed information that allows them to optimize their portfolios and reduce costs—saving organizations money almost immediately and well into the future.
New to Application Rationalization?
Here are the high points of this strategic solution.
What it is
Application Rationalization is a strategic program that inventories, prioritizes and identifies opportunities for IT portfolio optimizations.
Why you need it
The typical healthcare organization has hundreds of redundant or outdated IT applications—resulting in inefficiency, waste, and risk. Application Rationalization addresses these issues by reviewing all of the applications an organization uses, with the aim of optimizing the portfolio to best support business goals at the lowest cost. A rationalized application landscape ensures
- RSustained cost and operational expense reduction
- RReduced exposure to cyberthreats
- ROptimized dedicated resource and support allocation
- RBetter application integration and utilization
- RRooted vendor accountability
How it works
Phase I: Unbiased application inventory, opportunity identification and prioritization
Phase II: Application portfolio optimization roadmap development of current to ideal state
Phase III: Application portfolio optimization execution or execution assistance
Phase IV: Ongoing measurement and support
Why Innovative
Innovative’s approach is transparent. We provide a complete inventory of all applications and a prioritization of those applications based on their business value, cost implications, criticality, and technological fit and more. The result? Actionable recommendations for quick wins across your IT landscape.
Get This
According to data derived from Medicare Cost Reports, IT expenses at U.S. hospitals increase by more than 5 percent per year.
But here’s the good news. Your IT costs are not fixed. They can be strategically managed and reduced with application rationalization, a tried-and-true process that helps organizations evaluate and ultimately streamline their IT portfolios and save millions in the process.
The Latest from Innovative
Cleaning Up IT Issues Can Add Much-Needed Cash to Hospital Coffers
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.
Tech Sprawl Is Bloating Hospital IT – Costs and Inefficiency Are Up
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 Outsourcing IT to Save Money, Modernize Systems
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.