PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Spiralling Expenditure Creates Pressing Need for Sustainable Business Models in Healthcare IT Says Frost & Sullivan - Involvement of top management in healthcare facilities and key stakeholders crucial to successful implementation of such models - healthcareIT.frost.com
Spiralling Expenditure Creates Pressing Need for Sustainable Business Models in Healthcare IT Says Frost & Sullivan

 

NewswireToday - /newswire/ - London, United Kingdom, 2012/06/11 - Involvement of top management in healthcare facilities and key stakeholders crucial to successful implementation of such models - healthcareIT.frost.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Services/Network Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Healthcare expenditure is reaching unsustainable levels on a global scale. There is an urgent need for sustainable business models that can curb expenditure and promote better healthcare delivery. The focus is shifting from traditional to newer, more sustainable business models.

New analysis from Frost & Sullivan (healthcareIT.frost.com), Strategic Analysis of Healthcare IT Implementation Business Models, finds that a critical factor for the successful implementation of IT business models in healthcare is the involvement of top management in healthcare facilities and key stakeholders in the entire process. This research analyses software as a service (SaaS), Managed Services, Open Source and the Freemium business models.

The healthcare system across most of Europe has remained unchanged for many decades. However, since the 1970s, some Western European countries have been closely monitoring the performance and cost-effectiveness of their healthcare systems and the delivery of healthcare.

"As a result of such endeavours, Europe is witnessing a rise in the adoption of innovative business models in healthcare information technology," notes Frost & Sullivan Senior Research Analyst Simone Carron-Peters. "Business models such as SaaS, Managed Services, Open Source and Freemium are gaining prominence, alongside traditional capital investment and licensing alternatives."

In addition to limiting spiralling healthcare outlays, other factors highlighting the popularity of innovative business models have been the growing need for physicians to be able to access patient records at any time and at any place, the increase in consumer demand and an ageing population.

But while there is an undeniable need for innovative healthcare models, a key concern is security, particularly related to data privacy and reliability. The fact that patient data will be stored remotely in an off-site facility sparks concerns about patient privacy.

"Customers still distrust the aspect of remote data storage and management and are also sceptical about the fact that they have no control over disaster recovery and business continuity protocols that the software vendor places on their data," elaborates Carron-Peters.

Ultimately, healthcare involves many stakeholders - patients, health professionals, insurers and government bodies. The key strategy would be to implement a business model that accounts for the interests of all relevant stakeholders.

Therefore, software service providers should work with hospital management to ensure that their IT goals are aligned with overall business objectives. This would enable hospital staff to focus on their core competencies and provide quality patient care.

There is a need to devise a business model with a workable core architecture that would provide social and economic benefits, thereby achieving a profound transformation of the health system in the long-term. A partnership-based approach towards managed services will provide the flexibility to face challenges pertaining to changes in technology, regulations and user needs.

"IT managed service providers should focus on long-term relationship building and finding strategic win-win solutions by maintaining regular communication and ensuring mutual adjustment," concludes Carron-Peters. "Software vendors should ensure the safe exchange of medical data across national borders, respecting the need to protect health data and the personal integrity of the patient."

If you are interested in more information on this study, please send an e-mail with your full contact details to Janique Morvan, Corporate Communications, at janique.morvan[.]frost.com.

Strategic Analysis of Healthcare IT Implementation Business Models is part of the Healthcare & Life Sciences IT Growth Partnership Services Programme, which also includes research in the following markets: Clinical Information systems in Europe – Cardiology, European Market for Computerized Physician Order Entry (CPOE) Systems, Hospital Information Systems Market in Europe and Electronic Medical Records Market in Europe. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion | Join Us: Join our community | Subscribe: Newsletter on "the next big thing" | Register: Gain access to visionary innovation.

Strategic Analysis of Healthcare IT Implementation Business Models / M59A-48

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Services/Network Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
IT Services/Network Management articles,
CATCH Visitors via Your Competitors Announcements!


Spiralling Expenditure Creates Pressing Need for Sustainable Business Models in Healthcare IT Says Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Frost & Sullivan |
Publisher Contact: Janique Morvan 
+33(0)1 42 81 20 37 / +33(0)6 79 22 41 42 (mobile) janique.morvan[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

IT Services/Network Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read IT Services/Network Management Most Recent Related Newswires:

Evolve IP Honored with BroadSoft ‘Game Changer’ Award
ADVA Optical Networking Introduces Ensemble SmartWAN to Accelerate Virtualized SD-WAN
NEC Enhances Security At The 2016 APEC Economic Leaders' Week in Peru
Multipharma Signs Five-year Contract with Damovo for Transformation Towards New Way of Working
DigitalRoute to Attend TM Forum Asia on December 7-8 in Singapore
Philip Linehan Joins EDTS as Sales Executive in Carolinas, Georgia
Marcus by Goldman Sachs Deploys Finacle Solution on Cloud for its New Online Lending Business
ICSA Labs Affirms Radware's DDoS Mitigation Software and Testing Methodology
Verint Receives Frost & Sullivan’s Best Practices in New Product Innovation Award for Robotic Process Automation
NEC Participates in Global Wireless Summit 2016
Oscilloquartz Synchronizes Indian Defense’s National Transport Network
Infosys Invests in Stellaris Venture Partners
Verint Named a Workforce Optimization Market Leader in New Research from DMG Consulting
SAS® Data Management Update Extends Self-service, Expands Access to Cloud and Big Data
eHosting DataFort Awarded ‘Managed Services Provider of the Year’ At Seventh Annual ICT Achievement

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  Triggr & Bloom





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)