Because of the Patient Protection and Affordable Care Act, the need for population health and data analytics has grown, which in turn requires investments in software and other health information technology tools. These investments must be financed so healthcare providers need to consider traditional and non-traditional sources for capital, according to PNC.
Since population health initiatives are supported in part by accountable care organizations, which means more integration of outpatient services, equipment finance is an option that can preserve cash for other system needs.
Additionally, data analytics is being driven by the PPACA’s demand for more EHRs so re-investing in health information technology is also advisable for healthcare providers.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.