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Articles by Sara Vaezy
Why the Tech Industry Won’t Disrupt Health Care
We’ve all watched digital innovators demolish certain industries: video and record stores, neighborhood movie theaters, travel agents. A one-time #18 on the Fortune 500, photo film giant Eastman Kodak was felled by digital photography. But some industries and players successfully fend off digital competitors and incorporate their innovations into their daily operations. An Economist article observed that even though most banking has moved online, the average large bank is 138 years old.
The Digital Front Door is So Yesterday
Digital Platform July 12, 2023 | Providence Digital Innovation Group By Sara Vaezy and Doug Grapski As is typical for the Gartner Hype Cycle, the 2019 hype was all about the digital front door (DFD) for health systems. Positioned as the mechanism to transform the consumer experience, the industry was enamored with its promise to accelerate digital transformation for health systems and enable a modern digital experience for patients.
Council Post: Distribution And Decentralization Are Crucial In The Healthcare Sector
Sara Vaezy is the EVP, Chief Strategy & Digital Officer at Providence. She architected their digital innovation model. Changes in supply and demand have altered healthcare forever. Competition is increasing, especially for high-margin/profitable services, and consumer purchasing patterns are changing in ways many health systems are not set up to adapt to.
Council Post: Digital Investments In Healthcare Must Be Measurable, Not Just Marketable: Building A Case For RODI
Sara Vaezy is the EVP, Chief Strategy & Digital Officer at Providence. She architected their digital innovation model. The past few years have been a roller coaster ride for digital health.
Council Post: 3 Ways Digital Transformation Drives Growth In Healthcare
Sara Vaezy is the EVP, Chief Strategy & Digital Officer at Providence, and architected their digital innovation model. Profitable growth is of paramount importance to health systems today. In the first quarter of 2022, health systems, including large systems like Kaiser and Ascension, posted significant losses. In my home state of Washington alone, hospitals suffered a net loss of nearly $929 million, according to the Washington State Hospital Association.
DIG THIS: Hype or Bubble?
Digital Innovation April 20, 2022 | Sara Vaezy By Sara Vaezy, Chief Digital Officer, Providence & Doug Grapski, Director of Digital Strategy Providence Digital Innovation Group Summary: The companies that come out of a hype-cycle trough and make it through a deflating financial bubble will have increased momentum and a lasting impact on the industry. Those companies need the capital to survive the downturn along with a business model that supports long term sustainability.
COVID-19 as Catalyst: The Journey Ahead for Health Systems
DISTRIBUTED CARE & DIGITAL HEALTH The surge in virtual care brought on by COVID-19 will begin an era of decentralization powered by virtual modalities and enablers of care in the home and certainly outside the health care facility. This will require new payment, regulatory, operating models, and frictionless, connected experience to maintain and sustain digital adoption and distributed care models among patients and providers.
COVID-19: Providence Calls Healthcare Innovators to Make a Difference in the Pandemic
We’ve all seen the devastating impact COVID-19 has had on the public, the risk to our front-line clinicians and essential workers, racial disparities, and the negative impact on the economy. It has been harrowing and tragic. We are, sadly, only at the beginning stages with second surges now occurring across the country. Providence, one of the largest health systems in the country, has been shaken by the COVID-19 pandemic along with the rest of the industry.
Technology Partnerships in the Time of COVID-19 – GeekWire
(Image provided by Providence) While there has been a lot of talk about technology disruption in the health care industry lately, the COVID-19 crisis has created an opportunity to accelerate value by combining the unique resources and skills of health systems and technology companies. Technology organizations in recent years have looked at the $3.2 trillion dollar health care industry’s being full of friction as an opportunity for disruption.
Why Having a Technology Incubator Inside a Health System is Helping Patients and Providers Respond to COVID-19 – GeekWire
The healthcare landscape is full of digital technologies striving to make an impact. The consistent question is whether these technologies are transforming healthcare in a way that gets us closer to the “quadruple aim”: improving population health, providing a better patient and provider experience, and lowering costs.
Providence Digital InnovationVoice: Simplifying Care Through Improved Digital Engagement
Delighting Patients Through Digital. Today, the world of planned, non-emergency procedures such as knee-replacements is often complex and confusing for patients. Health systems ask individuals to be the “general contractor for their own care” as Providence St. Joseph Health (PSJH) Chief Clinical Officer Amy Compton-Phillips says.
Providence Digital InnovationVoice: The Economic Rebalancing Opportunity For Health Systems: Data, Artificial Intelligence And Digital Patient Engagement
Providence St. Joseph Health CEO, Rod Hochman, describes today’s “healthcare industry financial statement,” in slightly tongue-in-cheek terms, like this: technology companies, pharmaceutical companies and medical device companies own the profits, insurance companies own the balance sheet, and health systems own the debt because of the capital intensity of investing in hospitals.
How Systems Can Innovate and Disrupt their Own Business Models – GeekWire
We’ve taken you on an 8-piece journey about Providence St. Joseph Health’s digital story including our approach to Digital and innovation, our strategy, some of the investments we’ve made, and the products we’ve developed internally that are digitally transforming our organization. We have shared our learnings with our GeekWire audience as well as over 60 health systems that have come to visit us at our offices in Seattle over the last 24 months.
To innovate healthcare fund a solution to the problem, not the vendor – GeekWire
In our last piece we talked about the role of digital as powering a transformational strategy by always starting with a clearly articulated and well-quantified problem or opportunity area, then putting that problem through a digital problem solving cascade. In short, make sure you understand the problem, if it’s a “needle mover”, if you already own a solution, and if you don’t, find the “best of breed” vendor that is the best in the market in solving that problem.
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