Not to state the obvious, but there's a litany of challenges healthcare leaders currently face.
What we do want to make obvious is how to cut through the noise in 2024 — what are the essential areas you should focus on, and which strategies will lead to sustainable success?
That's why Vizient and Sg2, a Vizient company, have compiled a report that details the bold bets leaders should make this year, including:
- Refocusing on revenue growth
- Designing a consumer-friendly ambulatory footprint
- Changing the game in primary care
- Differentiating through targeted tech adoption.
Our experts have plenty to recommend — in addition to the report, they've weighed in on these important topics in stories and blogs over the past year. Here are some must-reads to supplement your strategy as you journey through 2024 and beyond:
Refocusing on revenue growth
The Power of Strategic Healthcare Partnerships: In today's healthcare landscape, tight margins, disruptors and new digital tools require organizations to take a new approach. Vizient CEO Byron Jobe shares how successful health systems leverage strategic partnerships to solve their biggest challenges.
Three Ways Sustainability Can Drive Immediate Cost Savings Across Health Systems: There is a common misconception that sustainability programs require major up-front capital and long payoff periods, says Vizient's Cristina Indiveri. But that simply isn't true. In fact, at a time when health systems are struggling financially, sustainability represents an area that can drive near-term savings across the organization.
Designing a consumer-friendly ambulatory footprint
Q&A: As Nontraditional Competition Grows, Providers Should Prioritize Patient Loyalty: Loyalty comes down to understanding and creating the best healthcare experience for the patients you want and need to serve, says Sg2's John Becker. The question is: How do you do that?
Launching Your Own Home Infusion and Ambulatory Infusion Suite? Here's What to Consider: While administering infusion drugs in the home or ambulatory infusion suite is common practice and may already be part of your hospital's overall strategy, there are other factors to keep in mind when considering opening non-hospital-based infusion services. Vizient's Steve Kennedy offers five questions to ask yourself before making the case to your leadership.
Changing the game in primary care
Facing the Game Changers: A New Era of Healthcare Access: With retail powerhouses, tech titans, venture capitalists and insurance providers reshaping the healthcare terrain, healthcare providers must transition from merely offering services to cultivating a devoted and valuable customer base. Vizient consultant Edward Zalaman says this demands thorough knowledge of consumers, their purchasing behaviors and their experiences.
It's Time to Refresh Your Value-Based Care Strategy: Six Trends to Consider: As the dynamics of value-based care continue to evolve and the overall healthcare environment changes, it's important for organizations to evaluate their approach to payers, consumers and how care is delivered. Vizient consultant Laura Jacobs shares key trends for leaders to think through as part of their strategy.
Differentiating through targeted tech adoption
The Time is Now: Invigorating Path for Growth with Consumer-Driven Digital Transformation: Sg2's Jon Barlow emphasizes the need for health systems to adapt by pivoting their growth strategies around their most valuable assets — patients as their consumers. He discusses some specific ways Vizient's Consumer Innovation solutions can help systems implement a digital transformation that keeps patient needs top of mind for a sustainable financial future.
Beyond the Buzz: A Roadmap to Responsible AI Implementation in Healthcare: As AI continues to dominate headlines, many healthcare systems are left sorting out fact from fiction about the latest additions to the list of revolutionary technologies. Vizient CEO Byron Jobe discusses the four-step readiness roadmap successful organizations have used to responsibly implement their AI programs and deliver better experiences for their patients and staff.
Want to learn more? Search by topic in the Vizient Newsroom.