Leading Health Systems (LHS) are facing once-in-a-generation margin pressures caused by runaway inflation, labor shortages, and decreased demand for services. They have no choice but to dial back spending – which stands in stark contrast to one year ago. Still, they realize their strategy needs to “see through” the downturn in critical areas, which warrant continued investment. However, unsurprisingly, they are scrutinizing spend with existing and new industry partners, adopting a more stringent ROI filter. Prospective solutions must move the dial on cost and/or revenue, while also improving clinical care delivery and consumer strategy where appropriate. To stand out from the competition and secure a long-term relationship, industry partners must sharpen their pitch and pursue more flexible, innovative partnerships.
Join Academy IQ on-demand to: