Weekly Business Insights 08/23/2023

The Future Of Healthcare; If there was a book, movie, or Netflix series on the US healthcare industry today, it would aptly start with the Charles Dickens quote: “It was the best of times … ”

“COVID was an accelerator for us,” according to the SVP and CIO of Sentara Healthcare. Since the start of the pandemic, the transformation and digitization of healthcare organizations (HCOs) accelerated at unprecedented rates to usher in consumer centrism, increased accessibility, and enhancements in continuous care. Ryan Smith, VP and CIO of Intermountain Healthcare, said “We did more in the last year than the 10 years prior.” Unprecedented demand for virtual care forced providers to pivot, and within days and weeks, they stood up telehealth. There were more applications of AI-powered clinical decision-making than ever before. We saw new bots, virtual waiting rooms, self-triage tools, the digital front door, remote patient monitoring — and the list goes on — all being stood up in weeks and months, not years. The proverbial reboot is happening.

The stakes are as high as ever in healthcare, as the decisions made through the end of the decade will determine an organization’s success for the next 50 years. Being informed and getting in front of the industry shifts provides a much-needed injection to fuel success for HCOs in the future.

‍

The Future Of Healthcare: Success Depends On Agility And Resilience (forrester.com)

‍

‍

Why Decision Intelligence and AI Create Smarter Supply Chains

Decision-making entails more than intuition, experience and data.

The ability to make clear, concise, efficient and scalable decisions, no matter the business environment, is instrumental to successful function and growth. For supply chains, moving ideation into actionable and applied steps is enabled through automated decision intelligence (DI) methodology. With more access to information, stakeholders can gather data and generate millions of decision-making scenarios while contemplating associated trade-offs. Though these decision-based opportunities can come with a perceived widespread scope, coupling the science of DI with the constrained and regulatory environments of supply chains helps hone the choices and pinpoint smart decisions.

‍

Why Decision Intelligence and AI Create Smarter Supply Chains (ismworld.org)

‍

‍

Healthcare’s Digital Transformation: How DevSecOps Protects Data

The digital transformation of the healthcare industry requires a progressive mindset to initiate a proper data security strategy. Increased reliance on technology may put some members of the team in an unfamiliar space, so every possible security precaution needs to be taken.

DevSecOps takes the collaborative nature of DevOps and adds an emphasis on security. In traditional application development pipelines, data security is considered at the end of the pipeline. Tests and analyses are performed to find potential vulnerabilities. This leads to reworking existing components and, if anything’s been missed, bugs in the live environment.

‍

Healthcare organizations can’t risk potential exposure as a result of an overlooked vulnerability. And the best way to prevent this is to instill data security considerations into every step of the development pipeline. This is what’s known as DevSecOps.

‍

Healthcare’s Digital Transformation: How DevSecOps Protects Data (forbes.com)