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Health Care News

Supporting health care customers on the front lines of a pandemic while shifting a large global organization to virtual operations is a tall order. With its purpose-driven, trust-based culture and forward-looking technology investments, Siemens Healthineers stayed on track with its values and business strategy—and came out stronger.

Actived: 4 days ago

URL: https://deloitte.wsj.com/cio/tag/health_care

Top 10 Health Care Innovations

(5 days ago) Health care is an industry in urgent need of innovation. Health plans, providers, life sciences companies, and the government face rising costs and deliver inconsistent outcomes. They are working to achieve the triple aim of improving care, …

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How the Pandemic Is Changing Health Care

(6 days ago) The COVID-19 pandemic has turned the health care system upside down and challenged consumers’ sense of well-being. In many ways, consumers are taking charge of their health more than ever before. They are learning about their health risks, communicating with their doctors in new and different ways, and changing their attitudes about data privacy.

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Top 10 Health Care Innovations

(5 days ago) Health care is an industry in urgent need of innovation. Health plans, providers, life sciences companies, and the government face rising costs and deliver inconsistent outcomes. They are working to achieve the triple aim of improving care, …

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Meet the Health Care Workforce of the Future

(9 days ago) Labor is a major part of health care costs. Among hospitals, labor is typically the largest line item in any hospital’s budget, and accounts for almost 60% of noncapital costs,³ on average, and costs are growing. Health plans and life sciences companies also employ many people, with a variety of jobs. Some of these are highly focused on

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Assessing Brand Health Risk

(2 days ago) Brand health can be defined as a measure of how well a company or brand delivers on certain attributes of a product or service that it promises its customers, especially how those attributes are perceived by customers in terms of quality and delight. “A healthy brand delivers consistent, memorable, and differentiated experiences for the

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In Health Care, Modernized Data Platforms Bring an

(8 days ago) In the health care industry, changing regulations and heightened consumer expectations call for a new approach to data sharing. The Blue Cross Blue Shield Association is a prime example of the many health care organizations answering that call with a modernized data platform based on cloud technology, AI, and other advanced tools.

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Well-Being: A Strategic Priority

(6 days ago) As the line between work and life blurs, providing a balanced suite of well-being programs focused on physical, mental, financial, and spiritual health is becoming a corporate responsibility and a strategy for improving employee productivity, engagement, and retention. While many organizations are investing heavily in this area, Deloitte’s

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For CFOs, Well-Being Can Offer Healthy Returns

(1 days ago) The burden of chronic overwork fueled such stress-related health problems as depression, diabetes, heart disease, and sleep disorders³, all of which negatively impact productivity. At many companies, the relentless focus on doing more with less obscured the need for the strictly human capabilities,

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Amex’s Vince Hudson: Double Down on Brand Core

(Just Now) Amex’s Vince Hudson: Double Down on Brand Core. Understanding why consumers first fell in love with a product or service can help big brands stay on top, says Vince Hudson, senior vice president of global brand strategy and marketing operations at American Express. Throughout his career, Vince Hudson has led the marketing for several category

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Building a Better Experience for Health Plan Members

(6 days ago) As health plans move toward a more customer-centric world, companies can set themselves apart by creating a more seamless experience, investing in members’ lifetime well-being, and earning customer trust through robust security practices. Now is the time for health plans to execute a digital transformation strategy that puts customers first.

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The Health Plan of Tomorrow

(3 days ago) The first health plans in the U.S. were set up to provide coverage for travelers who were injured in railroad and steamboat accidents. Fast forward to today: While we’ve made significant progress since the 1850s, we’re still focused—to some extent—on treating an illness or injury instead of preventing it. Doug Beaudoin, vice chairman, U.S. Life Sciences & Health

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Harnessing Risk in the Future of Health

(4 days ago) Twenty years from now, technology and innovation may make the impossible possible in health care. But those same innovations will likely create new risks for life sciences and health care organizations. Amry Junaideen, a Deloitte Risk and Financial Advisory principal, and Life Sciences and Health Care leader, Deloitte & Touche LLP, discusses how leaders should …

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Health Care News

(8 days ago) Supporting health care customers on the front lines of a pandemic while shifting a large global organization to virtual operations is a tall order. With its purpose-driven, trust-based culture and forward-looking technology investments, Siemens Healthineers stayed on track with its values and business strategy—and came out stronger.

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Making Capital Perform in Health and Life Sciences

(6 days ago) Health care and life sciences industry executives know where most of their spending occurs, but there is less understanding about the return on capital (ROC) performance across health care sectors. Sarah Thomas, managing director, Deloitte Center for Health Solutions, discusses findings from a Deloitte study of ROC performance across pharma, medtech, hospitals, and …

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Using Data to Improve Health Plan CX

(1 days ago) Some health plan organizations are using data and analytics to identify health care gaps, improve the customer experience, communicate more effectively with members, and realize cost savings. By investing in technologies, people, and processes for analytics, health plan CIOs may be able to address some of the challenges of today’s rapidly changing health care environment.

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Health Care CFOs Balance Recovery, Strategic Growth

(6 days ago) A survey of health care CFOs finds that many are focusing on crisis management while also driving transformation for long-term growth. For health care organizations, the COVID-19 pandemic created a unique operational and financial challenge that CFOs met with rapid cash management deployments and other tactical actions to maintain first rate care and services.

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Health Care CFOs Expand Investment Plans, Strategic

(7 days ago) Health care finance leaders are positioning their organizations to reach more sustainable levels of growth post-pandemic, by investing in core technologies and alternative care services, according to a survey by Deloitte’s Center for Health Solutions. With many facing lower profitability, finance leaders are investing in technology as they consider ways to address ongoing financial

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Taking the Pulse of Brand Health Risk

(2 days ago) Brand health can be defined as a measure of how well a company or brand delivers on certain attributes of a product or service that it promises to its customers, especially how those attributes are perceived by the customer in terms of quality and delight. “A healthy brand delivers consistent, memorable, and differentiated experiences for the

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Health Reform News

(6 days ago) The health care industry might seem light years away from consumer ownership of health data, but there is certainly promise. Many organizations have taken baby steps to advance interoperability, and the government is focused on policies to improve data sharing.

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Health Plans News

(5 days ago) The Health Plan of Tomorrow. The first health plans in the U.S. were set up to provide coverage for travelers who were injured in railroad and steamboat accidents. Fast forward to today: While we’ve made significant progress since the 1850s, we’re still focused—to some extent—on treating an illness or injury instead of preventing it.

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Humana Responds to Pandemic With Data, Agility

(1 days ago) For health insurer Humana, that’s meant not only enabling its employees to work differently but also meeting its members’ needs in new and exciting ways. Michael Aldridge As the pandemic took hold last year, the Louisville, Kentucky-based company created a command center to more quickly collect and respond to insights.

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Improving Health by Meeting Socioeconomic Needs

(3 days ago) Health care organizations that understand how social determinants of health (SDoH) affect consumers could gain an advantage over their competitors—especially when competing for Medicaid contracts—while also working to drive down health care spending and improving the health of individuals and their communities.

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Health Care Providers News

(4 days ago) Northwell Health CFO Michele Cusack and Senior Finance Vice President Matt Jelavic discuss how the pandemic recovery effort accelerated finance’s digital transformation, and what it takes to improve forecasting, performance, and business partnering capabilities with digital tools and real-time data in a fast-changing health care environment.

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2019 Health Care Industry Outlook

(9 days ago) In 2019, health systems and hospitals will likely move toward a value-based model at a faster pace and benefit from working more closely with health plans. Five industry trends, including increased stakeholder collaboration and an uptick in virtual health visits, may help to pave the way for the future of health care.

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Cybersecurity Strategies to Boost Medical Device

(5 days ago) Medical device manufacturers are advancing treatment and care while bolstering cybersecurity to keep pace with a connected ecosystem. The ever-widening cyber perimeter encompasses smart factories and intelligent supply chains as well as aftermarket services that bring health information directly to a patient’s mobile phone.

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For CMOs, Well-Being Can Offer Healthy Returns

(9 days ago) The burden of chronic overwork fueled such stress-related health problems as depression, diabetes, heart disease, and sleep disorders³, all of which negatively impact productivity. At many companies, the relentless focus on doing more with less obscured the need for the strictly human capabilities,

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Overcoming Challenges, Building Resilience in Health Care

(Just Now) Health Equity Goals Health equity is a top organizational goal among respondents, and finance leaders are focused on their role in identifying opportunities and supporting initiatives. Indeed, 60% of surveyed CFOs say health equity initiatives are a top organizational priority.

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Northwell Health Leverages Digital for Finance Innovation

(3 days ago) Northwell Health CFO Michele Cusack and Senior Finance Vice President Matt Jelavic discuss how the pandemic recovery effort accelerated finance’s digital transformation and what it takes to improve forecasting, performance, and business partnering capabilities with digital tools and real-time data in a fast-changing health care environment.

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What Keeps Health System CEOs Up at Night

(6 days ago) Health care is moving at the speed of light, and that requires leaders to be agile as they tackle current and emerging issues. Steve Burrill, vice chairman, U.S. Health Care Providers leader, Deloitte LLP, discusses key themes that emerged from interviews of 20 CEOs from large U.S. health systems regarding what’s top of mind and how they are moving forward …

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Health Care Reform News

(1 days ago) Connecting Health Plans to the Future With Better Data Coordination. Health plans collect mountains of data to manage risk and improve population health. However, these functions tend to be separate and uncoordinated despite the potential value of this information. Sarah Thomas, managing director, Deloitte Center for Health Solutions, Deloitte

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Strategies to Improve Interoperability in Health Care

(8 days ago) The health care industry might seem light years away from consumer ownership of health data, but there is certainly promise. Many organizations have taken baby steps to advance interoperability, and the government is focused on policies to improve data sharing. Steve Burrill, vice chairman, U.S. health care leader, Deloitte LLP, explores strategies health care …

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What’s Ahead for the Health Care Ecosystem

(6 days ago) Health care costs have been a concern for at least thirty years, but the acute issue for us today is affordability. In 2016, health care comprised 17.9% of our gross domestic product (GDP).¹ While we know it can’t exceed 100% of the GDP, no one knows exactly how much is too much, and the cost is hitting many households in dramatic ways.

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New Deals in Health Care: Ecosystem Partnerships

(3 days ago) Health product developers would power the consumer health ecosystem by developing and making wellness and care products and components. Virtual health providers would provide personalized wellness and care to consumers. When in-home care is not possible, specialty care operators would provide these essential services.

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Gateway Health CCO Touts Collaborative Compliance

(5 days ago) Bret Bissey, vice president and chief compliance officer (CCO) at Gateway Health, learned a great deal early in his career about how to remediate compliance lapses. He’s used that experience to develop a proactive, collaborative approach—adopting good practices that can promote a culture of compliance to help prevent such lapses from occurring.

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Providence CISO Zoller: Extending Security Lifelines

(7 days ago) Security teams in health care are focusing on how they can enable more mobile services, despite escalating risks, says Adam Zoller, CISO at health care provider Providence. “We need to have security travel with our caregivers, wherever they go to provide care,” he says. Zoller discusses this and other cyber security issues with Deloitte's Carlos Amaya.

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The future of health care insurance: What’s ahead

(Just Now) Health insurance offered by employers became standard fare—first dollar coverage, modest (if any) co-payments, low premiums and deductibles, and large networks of doctors and hospitals from which to choose were common fea-tures of many plans. In effect, the workforce was treated to a benefit that mitigated

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Digital Assistants Are Plugging Into Health Care

(3 days ago) Digital assistants have also become popular tools for people who want to track their health and fitness, according to the results of Deloitte’s recent survey of health care consumers. In February and March 2018, the Deloitte Center for Health Solutions conducted an online survey of 4,530 American adults. The survey seeks to understand

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At-home Diagnostic Tools: A New Way to Connect With

(5 days ago) Cue Health will receive $14 million to develop a flu test that will be included in its in-home health monitoring technology platform. Diassess will receive $10 million to develop a single-use test (see the July 24, 2018 Health Care Current). With an at-home flu test, patients could use an app or device to send information to their physicians

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Creating a Future of Work That Supports Employees

(5 days ago) Creating a Future of Work That Supports Employees. In a year when organizations are pivoting toward new growth opportunities, a focus on employee well-being, including physical and mental health, can be a critical component of future workforce and workplace planning initiatives. As Chair and CEO of Deloitte & Touche LLP, Lara Abrash was at the

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Site-Neutral Pricing Accelerates Shift in Health Care

(9 days ago) Site-neutral pricing is gaining momentum in health care, driving some traditional hospital care to alternate locations where it can be delivered more cost-effectively. Many organizations are rethinking their infrastructure and seeking new alliances to shift business models and fortify balance sheets.

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Conference Takeaways from Colombia: Health Care Challenges

(Just Now) Although health is defined as a fundamental right in Colombia, many people don’t have access to the health care system. However, unlike the U.S., Colombia might be able to try new initiatives without needing to prioritize the expansion of coverage and financing mechanisms.

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2017 Health Insurance Outlook

(4 days ago) Health plan providers face a host of challenges in 2017, from rising costs to market disruption prompted by political change. Despite the demanding nature of the health plans sector, bright spots do exist on the horizon, particularly for health plans willing to make investments in the empowered health care consumer. Deloitte’s 2017 Health Insurance …

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CFO at Forefront of Health,Technology

(3 days ago) Health care is facing a multifactorial transformation, says Venkat Bhamidipati, CFO of Providence St. Joseph Health, based in Renton, Washington, and one of the nation’s largest health systems. He explains that the health care industry—a highly regulated, labor- and capital-intensive sector—is facing significant change as price and

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Technology Budgets Shift to Reflect Pandemic-Era

(5 days ago) Technology spending in the next couple of years may be a tale of two cities, with some industries, such as health care, technology, and consumer products, expected to have substantial increases in spending, while others, such as insurance, banking, professional services, and utilities, may see budgets stay flat or increase only slightly.

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B2B Tech Brands Rethink XaaS Customer Experience

(4 days ago) A health care guide, for example, will offer insights to improve patient interactions based on Salesforce’s experience with hundreds of its health care clients. “Ultimately, the goal is to put customer success back in the hands of the customer,” says Neeracha Taychakhoonavudh, executive vice president of global customer success and

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Esports on the Rise: Evaluating Brand ROI

(6 days ago) Esports on the Rise: Evaluating Brand ROI. Print. Text. Brands and publishers seeking esports sponsorship opportunities have often struggled to get a clear picture of ROI. As viewership soars during the COVID-19 pandemic, however, new solutions are emerging to provide better insights and drive strategy. Since mid-March, traditional live sports

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CFOs’ Responsibilities Expand: CFO Signals

(5 days ago) To understand the evolution of the CFO role, Deloitte’s second-quarter 2018 CFO Signals survey asked CFOs about their scope of responsibility and the roles they brought to their current positions. Many CFOs appear to be taking on broader responsibility, including business planning, strategy, and enterprise risk management, and some are bringing to their role …

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