WE BRING DIGITAL VALUE (DV$) TO
THE BOTTOM LINE

The future of healthcare is already here! There’s no going back to our pre-digital world. Digital is no longer a function of IT. Healthcare executive teams are building digital value streams to increase operational viability, improve margins, and strengthen community presence. We are laser focused on assisting small to mid-size healthcare organizations emerge from the current era of disruption ready for the new marketplace. Learn how DHI can help you!

WE BRING DIGITAL VALUE (DV$) TO
THE BOTTOM LINE

The future of healthcare is already here! There’s no going back to our pre-digital world. Digital is no longer a function of IT. Healthcare executive teams are building digital value streams to increase operational viability, improve margins, and strengthen community presence. We are laser focused on assisting small to mid-size healthcare organizations emerge from the current era of disruption ready for the new marketplace. Learn how DHI can help you!

What does Digital mean?

 

For decades, hospital executives have been inundated with digital transformation project proposals that promised ROI of epic proportions.  Unfortunately, many of those investments failed to realize tangible results and often create digital debt Most often, this happens because organizations approach “digital” from a technology perspective.  When digital is defined with a focus on technology executive leaders will ultimate find themselves disappointed because no single piece of technology can provide sustainable and meaningful, hard dollar ($) value to an organization in a vacuum.  Digital is not the latest piece of technology.  Digital is a way of doing business.

Hospitals are experiencing rapid industry disruption. Hospital CEOs and their leadership teams must embrace digital as a way of delivering care, gathering insights, making informed decisions, engaging with patients, modernizing employee experiences, minimizing workforce shortages, improving their competitive advantages and brand reputation in their local communities, adhering to the challenging regulatory requirements, and optimizing all operational activities including revenue cycle/reimbursements, and cost containment.

What is Digital Value for a hospital or regional health system?

 

Digital Value means moving away from a solely ‘traditional’ value model, where digital technology contributes purely to security, stability and process efficiency. While these factors are still important, it’s critical that digital directly contributes to overall value by gaining competitive advantage, creating new business models, and establishing new revenue streams. 

With appropriate DV$ transparency, hospital CFOs can track digital value (DV$) directly to the operating margin.  Hospital CEOs, and their leadership teams, can leverage DV$ insights to improve clinical outcomes, operational excellence, and financial stability.

In 2021, more than 50% of small hospitals and health systems are predicted to have a negative operating margin.   According to a recent report published at the American Hospital Association (AHA) by Kaufaman Hall, “Both optimistic and pessimistic scenarios suggest that hospitals’ financial status will remain below pre-pandemic levels for the duration of 2021,” Kaufman Hall wrote. “Throughout the entire year, median operating margins will be lower, the percentage of hospitals with negative margins will be higher, and the margins for rural hospitals will be lower compared with already-challenging pre-pandemic levels.

Digital Value (DV$) directly impacts the operating margin including accumulated digital debt (-DV$). Digitized operations, modern patient engagement, and digitalized care delivery form a bedrock for DV$ that can be supplemented with data monetization, participation in innovation incubators, and digital products.

DHI is committed to assisting small and mid-size hospitals find the DV$ they need to care for our communities. We bring digital value (DV$) strategy and expertise to rural health centers, community hospitals, children’s hospitals, critical access hospitals, specialty hospitals and regional health systems.  We can find your current level of Digital Value (DV$), identify untapped digital revenue streams and cost reduction opportunities.  We are experts in blueprinting digital strategies for hospitals and health systems including the tangible DV$ expectations.