AI and machine learning are set to become pivotal forces for driving efficiency and improving patient outcomes in healthcare.
To fully harness the benefits of AI and machine learning, healthcare systems and hospitals must embrace new technologies. However, this adoption can bring about new challenges, such as cybersecurity vulnerabilities. Industry leaders should actively search for solutions that tackle these challenges while also monitoring all the components involved in the implementation process. This approach enables organizations to maximize the potential of new technology within a short timeframe while also ensuring staff support and engagement.
In this month’s news roundup, we’ll take a closer look at the promise of data-driven automation driven by AI and machine learning. We’ll also explore why healthcare as an industry is lagging behind when it comes to cybersecurity. Plus, hospital operating margins are on the rise for the third consecutive month — but is this momentum going to last? Learn more about the potential roadblocks up ahead.
Healthcare still playing catch-up when it comes to cybersecurity preparedness
The healthcare industry is still lagging behind compared to other sectors in implementing robust cybersecurity measures. With the growing complexity of threats, limited resources allocated to cybersecurity, and a lack of cybersecurity expertise within healthcare organizations, much must be done to ensure patient safety and privacy.
See why hospitals must increase their investment in cybersecurity infrastructure, employee training, and collaboration among healthcare organizations to enhance cybersecurity preparedness in the face of evolving threats.
Reduce Healthcare Burnout Through Data-Driven Automation
By implementing technologies such as artificial intelligence, machine learning, and robotic process automation, healthcare organizations can reduce the administrative burden on clinicians, enhance efficiency, and improve overall job satisfaction. However, to ensure the effective and responsible use of automation technologies, healthcare settings must recognize the need for solid data governance, privacy, and security measures.
More hospital mergers should be coming in 2023
As more hospitals seek to improve efficiency, reduce costs, and enhance their competitive position, analysts predict an increase in hospital mergers in 2023. There are various factors contributing to this trend, including declining reimbursement rates, increasing regulatory burdens, and the need for investment in technology and infrastructure. Additionally, the perceived benefits of mergers include opportunities for improved care coordination and expanded access to services.
Hospital operating margins positive for third consecutive month: Kaufman Hall
According to Kaufman Hall, hospitals have shown improved financial performance in recent months, with operating margins turning positive. This trend is attributed to factors such as increased patient volumes, higher revenue from elective procedures, and government support through COVID-19 relief funds. However, there are still potential challenges ahead, including ongoing uncertainties related to the pandemic, rising labor costs, and reimbursement pressures. Learn more and see why hospitals must emphasize financial discipline and explore strategies for long-term sustainability.
