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NASHVILLE, Tenn., May 4, 2022
- The Great Resignation is more of a Great Reshuffle.
- Hybrid and Remote Workforce – it's here to stay.
- Third-Party Risk Management (TPRM) emerges as a top cybersecurity priority.
- Remote Patient Monitoring (RPM) shows ROI.
- The Trusted Exchange Framework and Common Agreement (TEFCA) will usher in a new era of healthcare data and IT interoperability.
- ERP now matches EHR in strategic importance.
NASHVILLE, Tenn., May 4, 2022 /PRNewswire/ -- Pivot Point Consulting, a Vaco Company, and 2022 #2 Best in KLAS: Overall IT Services Firm, today released its second quarter Healthcare IT Directions Report, underscoring six trends certain to drive health IT decision-making in 2022.
Pivot Point's team of experts continually studies and identifies top trends in healthcare IT, sharing their insights and know-how with health IT leaders operating at a range of organizations from hospitals and health systems to provider networks and payers. For Q2 2022, top-of-mind trends include the myth of The Great Resignation to the importance of TEFCA and ERP.
Pivot Point Consulting's Q2 2022 Healthcare IT Directions Report provides insights and recommendations to help leaders frame strategies, drive innovation and operate efficiently in an unpredictable, rapidly evolving environment.
The Great Resignation Myth
According to a March 2022 Harvard Business Review article, 47 million Americans voluntarily quit their jobs in 2021. The same HBR report analyzed 10-plus years of labor data that suggests the 2021 Great Resignation was a pendulum-swinging response to 2020, when far fewer employees quit their jobs than expected, likely due to the uncertainty of COVID. The workforce shifts are driven by many forces, including employees reshuffling – moving to similar roles in the same industry given new (remote) opportunities, wage competition and reconsideration, taking jobs that allow a (re)focus on the quality of life.
Now dubbed "The Great Reshuffle," it is inter-related with another trend – the permanence of the hybrid and remote workforce now embedded across a range of industries, including healthcare.
Third-Party Risk Management (TPRM) and Cybersecurity Threats
TPRM continues to be a top emerging risk for organizations of all sizes across all industries, with 81% of executives identifying TPRM as a priority going into 2022. This trend is only expected to continue as dependence on third parties grows and vendor relationships become more complex.
Embrace Remote Patient Monitoring (RPM)
The proof is in the numbers: 40% of health centers are using RPM; 70% have seen improvement in clinical outcomes including a 76% reduction in hospital readmissions; RPM program participants are experiencing 51% fewer on-call urgent visits, 47% fewer physician visits and 41% fewer phone calls directly related to patient care.
Preparing for the Trusted Exchange Framework and Common Agreement (TEFCA)
At the start of 2022, The Office of the National Coordinator for Health Information Technology (ONC), the organization at the helm of the nation's health IT standards, published TEFCA to address the gaps in interoperability by implementing a nationally coordinated network of Qualified Health Information Networks (QHINs). To date, Health Information Exchanges (HIEs) have traditionally focused on provider-to-provider data sharing and didn't include such stakeholders as payers, individual consumers and public health.
Strategic, Integrated Enterprise Resource Planning (ERP)
There is an ever-increasing level of new implementation, replacement and general adoption of ERP solutions across healthcare, with the operative word being "integrated." Healthcare organizations are seeing enhanced business insights that can result in actionable changes and positively impact the bottom line and overall satisfaction of staff and patients. A 2020 Guidehouse survey reported that 51% of providers are planning to implement or optimize their ERP system over the next few years.
Learn more from the full Healthcare IT Trends Report.
About Pivot Point Consulting
In 2022, Pivot Point Consulting, is ranked as the #2 Best in KLAS: Overall IT Services Firm, by KLAS (after being 2020 #1 Best in KLAS Overall IT Services Firm) and it is also ranked #2 in Partial IT Outsourcing.
Pivot Point Consulting enables healthcare organizations to realize the most value from their technology and resources through EHR, ERP, Strategy, Virtual Care, Data & Analytics, Cybersecurity, Service Desk, Application Support and Revenue Cycle Management services. Our experts deliver consulting, managed services and talent solutions to providers, payers, life sciences and technology organizations.
For more information, visit us at pivotpointconsulting.com.
Media Contact:
Mardi Larson
Amendola Communications for Pivot Point Consulting
mlarson@acmarketingpr.com
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SOURCE Pivot Point Consulting
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