In a recent article for Forbes, “Under Financial Pressure, How Are Health Systems Prioritizing Digital Health Investments?,” Seth Joseph speaks to Divurgent CEO Ed Marx and key leaders from Steward Health, CommonSpirit, and Geisinger about the pressures facing the healthcare industry and the creative ways that innovative leaders are responding:
“There are multiple forces at work colluding to erode profitability,” says Ed Marx, CEO of healthcare consulting firm Divurgent. Marx, a veteran health IT leader and former chief information officer (CIO) at Cleveland Clinic, sees the nursing shortage, “generally-modest reimbursement rates,” and the shift to outpatient and hospital-at-home models as adding to the “bearish reality” that hospitals and health systems have faced in recent years.
Both hospitals and health systems continue to face competition from burgeoning retail and ambulatory care centers as well, where even traditional players are exploring new models of care.
“New entrants in the marketplace are disintermediating traditional care models, including high-tech companies such as Amazon, an explosion in street-corner retail converting to care centers, virtual-first companies such as AmWell, and finally, payers as providers,” said Marx.
For more insights on prioritizing digital health investments, click the button below to read the article at Forbes.
