Nearly 800 digital health startups were funded in 2017, an all-time high. Each of the new companies offers the hope of transforming the performance of the U.S. health care system. The audience for such innovation wants to be receptive: A survey conducted by the American Hospital Association (AHA) and AVIA found that 75% of senior hospital executives endorsed the importance of digital innovation.
Hospital Budget Systems Are Holding Back Innovation
Here’s how to fix them.
March 29, 2018
Summary.
Many hospital executives say that they are interested in digital innovation — but despite their apparent enthusiasm, hospitals tend to be incredibly slow at actually adopting new tools and technologies. In this piece, the authors describe three of the barriers standing in the way of hospitals’ technology adoption. They then go on to discuss how hospitals can overcome these hurdles and more effectively incorporate innovative new technologies into their operations. With a few simple changes, hospital leaders can set up their organizations for success, eliminating some of the biggest challenges that keep them from acquiring innovative technologies that will lower costs and enhance patient outcomes.
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New!
HBR Learning
Finance Essentials Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Finance Essentials. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Strengthen your fluency in financial statements.