BoardRoom Press Newsletter
Special Section: Technology and the Future of Healthcare
Guidelines for Making Unaffordable Investments You Can’t Afford Not to Make
The subtitle’s inconsistency—making unaffordable investments you can’t afford not to make—is carefully worded. It is not a sign of sloppy writing or inattentive editing. It accurately reflects one of the most daunting challenges facing healthcare leaders in the early 21st century.
On the one hand, useful technologies are appearing at an unprecedented rate. New medical devices and computer systems are available to solve many of healthcare’s most vexing problems. Even more promising technologies are clearly visible on the horizon. Talk of a technology revolution is not exaggerated.
On the other hand, operating surpluses and investment capital have never been harder to find. Few health systems have spare cash, and reimbursement for medical services is falling farther behind the actual costs of providing them. Investing in technology next year is hard to justify for health systems struggling to meet payroll this month. More Info