“Managing Costs and Maximizing Value: Strategies From a CIO Summit”
Convened by the Scottsdale Institute and sponsored by Impact Advisors, a blue-ribbon panel of healthcare CIOs recently shared top strategies for managing IT cost and maximizing IT value at a CIO Summit in Chicago. The CIOs’ facilities together represent $35 billion in annual net patient revenue and a total of 225 hospitals and 2,200 care sites.
The report from the Summit outlines key initiatives these leading health systems are undertaking in 2014 and beyond to manage operating costs and deliver more value from large-scale IT investments.
The impetus for the CIO Summit arose from the group’s ongoing collaboration to benchmark IT costs. All of the CIO Summit attendees’ organizations are using the Scottsdale Institute’s IT Benchmarking Program to help assess IT costs and identify opportunities for improvement. Becker’s Health IT and CIO Review: CIOs From Adventist Health and Spectrum Health Share IT Cost Management Strategies
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