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Medical professionals should take advantage of ViVE 2023 to network, share information, and pick the brains of industry leaders. The positive feedback from those present, who appreciated ViVE 2023 for its interesting and educational sessions as well as the caliber of the available networking opportunities, is proof that the event was a success. The gathering has proven to be a great place for medical personnel to make connections, exchange ideas, and work together to find solutions for the most urgent problems facing the sector.
ViVE was more technically oriented than the HLTH conference that took place in Las Vegas the previous autumn, where much of the discussion focused on innovative approaches to defining and addressing health and wellness as well as value-based care. Most of the technology companies addressing important workforce and operational issues in the health system had booths in the exhibit hall.
Everyone was concerned about workforce issues, including revenue cycle development, security, and automation in businesses, as well as staffing and lack of providers, fatigue, and reducing stress. Among the solutions that came to mind were telehealth facilities, remote surveillance of patients, digital health devices, AI, and nursing-specific solutions.
Partnerships are key
It is widely acknowledged that no single company or organization can adequately address the problems in healthcare because they are too significant and intricate. HealthTech Magazine’s summary of ViVE stated aptly that “healthcare is a team sport.” Collaborative alliances that ultimately enhance patient experience are gaining ground.
Interoperability remains a big hurdle
A siloed, point-solution method for medical technology predominated for far too long. As a result, there are some major interoperability challenges. Software and systems are frequently disjointed and fail to share data without a lot of human involvement. Members and patients end up receiving care that is disjointed, frustrating, and impersonal as a result. As per the Internet of Healthcare Report, it’s also a major contributor to healthcare worker burnout, with over 50% of administrative staff reporting a rise in manual data entry over the previous year.
AI and automation continue to capture all aspects of healthcare
Nowadays, improvements in artificial intelligence (AI) and automated technology benefit almost every aspect of a healthcare system, including the revenue cycle, clinical services, supply chain, pharmacies, and more.
Dr. Yu stated at ViVE, “When I contemplate automation, I believe in releasing humans to perform the task that really matters.” And that entails much more than just automating a few clicks or a few processes.
The true value can be obtained when automation is implemented as part of an enterprise-wide approach, linking formerly disjointed systems and procedures in a way that significantly enhances the human experience for providers, payers, and patients.
Industry experts are collaborating more than ever to make use of the massive amounts of data at our disposal and to create platforms that enable the secure transmission of that data through a digital healthcare system. It goes without saying that patient engagement is increased by data-driven, extremely tailored healthcare journeys, which leads to better medical results and opens up valuable opportunities to further business objectives, such as growing market share, boosting revenue, and cutting costs in general. The general consensus is that emphasizing the user experience will result in significant advancements in how patients supervise their care and engage with it.
Take away
At ViVE, the fact that certain healthcare providers are in serious financial trouble was not hidden. The reasons why expenditures are high and incomes are low are all too common. Both provider and vendor groups are being forced to take responsibility. Vendors must enable exceptional returns investment returns so that providers can pick and choose which ones to continue doing business with. The good news is that because providers desire and require collaborative partners, high-yield, enterprise-level solution providers are emerging from among the crowd. Extraordinary vendors are adding value, fostering adoption, and genuinely altering the level of care that health systems are able to deliver by eschewing formulaic and reactive approaches.
