The Path to Prosperity: Executive Insights on Fostering Innovation and Making it Stick

Bank of America logo

Emerging technologies such as artificial intelligence and robotic automation are transforming businesses and economies worldwide — consumer interactions are becoming more personalized, manufacturing and distribution more streamlined, and operational planning more predictive. While these technologies have broad implications for all industries, perhaps no other is more likely to experience revolutionary change as the result of technological advancement than healthcare.

Before hospitals and health systems can innovate effectively and expeditiously, leaders must guide their organizations around numerous barriers. Financial constraints and inherent institutional rigidity can make it difficult for even the most ambitious health systems to innovate. Results from a Becker's Healthcare and Bank of America Merrill Lynch survey of more than six dozen hospital executives conducted in May suggest the most prominent barriers to innovation are budgetary constraints and difficulties generating buy-in from C-level leaders and individual providers. 

This e-book examines barriers to innovation, offers insights into balancing cost savings efforts with investment in new technology, and details how leading health systems are preparing for the future amid various industry uncertainties. The content is based on results from the Becker's-Bank of America Merrill Lynch survey and a roundtable discussion among industry experts.

To learn more about the insights discussed in this roundtable and to download the e-book, click here.

 

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months