Summary
Investing in Technology in Healthcare: A Conversation with Dr. Maulik Purohit
Dr. Maulik Purohit, SVP and Chief Health Information Officer at Lehigh Valley Health Network, shares his insights on how hospitals and health systems are approaching technology investments in tough economic times.
Financial Challenges in Healthcare
Dr. Purohit recognizes that healthcare systems are facing a multitude of financial challenges, including rising labor and supply chain costs and decreasing reimbursement from payers. In order to prioritize technology investments, healthcare systems are seeking ways to reduce costs through automation, streamlining credentialing processes, and minimizing documentation burdens.
The Importance of Investing in Technology
As healthcare systems face increasing financial pressures, investing in technology has become more important than ever. Dr. Purohit emphasizes that technology can help reduce costs, improve efficiency, and ultimately improve patient outcomes.
The Courage of Healthcare Workers
Dr. Purohit expresses his appreciation for healthcare workers who continue to provide care despite the challenges facing the industry. He recognizes their courage and dedication, and believes that watching these individuals put themselves out to take care of others is truly a beautiful sentiment.
Conclusion
As the healthcare industry navigates unprecedented financial challenges, investing in technology is essential for hospitals and health systems. By prioritizing technology investments, healthcare systems can reduce costs, improve efficiency, and ultimately provide better care for their patients.
Note: This is an AI generated transcript, not edited by a staff writer and is solely intended for educational purposes. If you have any questions/concerns, reach out to podcasts@beckershealthcare.com
This episode aired on 03/19/2023 and can be listened here.
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