Health systems are currently eyeing health tech partners for the long haul

Published Oct 28 2020 at 1:46 PM GMT
  • Health system leaders think health tech companies have long-term potential, and they're starting to see value in these companies beyond a COVID-19-colored lens: A survey of 20 health system CIOs and innovation leaders shows over 60% are interested in investing in platforms that target patient experience, telehealth, and operational efficiency.
  • The coronavirus pandemic severely impacted health systems' budgets, which fast-tracked health system-health tech partnerships: Health systems faced steep financial losses, leaving them scrambling for ways to restore revenue.
  • From March 1 to June 30 of this year, US hospitals and health systems lost nearly $203 billion, per the AHA.
  • These losses can be largely attributed to lower patient volumes, cancellations of elective procedures, and the costs of additional logistics, support, and PPE supplies.
  • Despite a $175 billion relief package from Congress, health systems still had to invest in care solutions and resort to furloughing or laying off employees for some financial padding.



  • Published Oct 28, 2020 1:46 PM GMT