• Let us help
Wishek Tech
Advertisement
  • Applications
  • Computers
  • Internet
  • Social Media
  • Software
  • Technology
  • Web Services
No Result
View All Result
  • Applications
  • Computers
  • Internet
  • Social Media
  • Software
  • Technology
  • Web Services
No Result
View All Result
Wishek Tech
No Result
View All Result
Home News

Andrew Barnett’s View About the IT Rip & Replace Strategy for Merger & Acquisitions

Marsh Volker by Marsh Volker
December 26, 2020
in News
0
Andrew Barnett’s View About the IT Rip & Replace Strategy for Merger & Acquisitions

Andrew Barnett is a popular name for mergers and acquisitions of businesses around Fort Lauderdale. He has worked in a variety of sectors and is appreciated for his attention to detail, exclusive strategies, and speedy results. His career background has multiple achievements as a trainer, coach, and innovator. You can follow Andrew Barnett on LinkedIn and read his advice on healthcare M&A success associated with IT.

As an Apple Engineer, he created and executed tamper-proof stickers to prevent illegal access of warranted units. Andrew helped in the development of data recovery software called CPR tools [on SCSI device]. He worked with Reader’s Digest and was appointed as the Vice President of Dollarsignz.

Today, mergers and acquisitions are overriding the healthcare system. The merged organization will need integrated data to function. The in-effect solution is to rip the ERPs and EHRs and replace it with common products. This is not a great alternative as it is complex and expensive. It is wise to integrate the data first at a low cost using a data operating system.

Digitizing

Two basic requirements include –

  1. Asset digitization
  2. Digitizing the processes surrounding and affecting those assets

In healthcare, the patient is an asset while registering, diagnosis, scheduling, orders, etc. are processes that need digitizing. There are EHRs but they don’t digitize the patient, so the task has to get typed and clicked, during clinical visits.

To fully digitize a patient, the healthcare system needs to expand its data ecosystem and capabilities. It means collecting information about the patient’s social, behavioral, physical, and economic factors as well as blending them with the care provided.

80% of factors impacting a patient’s fall outside traditional healthcare delivery like education, income, exercise, diet, etc. Only 20% of data is available from the areas of care access and quality. So, to digitize healthcare comprehensively, it is crucial to prioritize data integration and IT strategy.

Data integration and IT strategy

Merger & acquisitions in the healthcare sector are highly active, so IT strategy is crucial, especially because of the increase in digitization. Without an IT integration strategy, 40% of M&A value is at risk. Healthcare leaders prioritize data acquiring because it will help them deliver faster and better care to a wide range of patients.

Instead of ripping & replacing old technologies, choose a data operating system to upgrade and enhance its ability to deal with the increasing demand for M&A structure. Today, the rip & replace strategy is not applicable because advanced software is designed around the microservice architecture.

Previous Post

Investigating Roller Coaster Accidents: An Overview

Next Post

Get The Best And Cheapest International Roaming Plans

Next Post
Get The Best And Cheapest International Roaming Plans

Get The Best And Cheapest International Roaming Plans

Hire Video Editor For Different Functions To Collect Memories

Hire Video Editor For Different Functions To Collect Memories

March 25, 2021
Three Different Types Of AI That Can Help Your Small Business

Three Different Types Of AI That Can Help Your Small Business

February 12, 2021
Choose Your VoIP Phone Singapore After Comparing A Few Services

Choose Your VoIP Phone Singapore After Comparing A Few Services

February 11, 2021

Recent Posts

  • Hire Video Editor For Different Functions To Collect Memories
  • Three Different Types Of AI That Can Help Your Small Business
  • Choose Your VoIP Phone Singapore After Comparing A Few Services
  • The Benefits Of Using A Digital Wallet For Your Data
  • Get The Best And Cheapest International Roaming Plans

Archives

  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • Applications
  • Computers
  • Internet
  • Social Media
  • Software
  • Technology
  • Web Services

© 2020 Wishek Tech- All Rights Reserved.

No Result
View All Result
  • Let us help

© 2020 Wishek Tech- All Rights Reserved.