Study: Healthcare Organizations Expect Significant Impact from Digital Transitions
The next two years should bring significant positive impact due to healthcare entities undergoing a digital transformation, according to the majority of the healthcare executives that participated in the SAP Digital Transformation Executive Study “4 Ways Leaders Set Themselves Apart.”
The expected growth will come to healthcare organizations “as they gain a competitive advantage and are able to provide the best care for their patients,” according to a news release from SAP. According to the study results, “Healthcare executives agree that digital transformation is the global trend that will have the greatest impact on their organizations.”
Areas in which respondents expected to see significant impact following digitalization efforts included customer satisfaction (61 percent) and innovation (59 percent), and areas where organizations are planning to expand their digital investments include Big Data and analytics (76 percent) and cloud technology (65 percent). Digital transitions will also occur in healthcare due to the implementation of artificial intelligence and utilization of the Internet of Things. “Digital innovation will fuel the next wave of breakthroughs in healthcare and accelerate the broader shift toward data-driven care for health organizations,” said Thomas Laur, SAP Health global president, in the release. “Unlocking actionable data insights in real time is critical for the future success for value-based care.”
While the study results indicate that most companies understand the importance of digitalization in the current landscape, the study found that only two percent of healthcare organizations have completed digital transformations across the enterprise. On a more promising note, 54 percent of the organizations in the study are testing or piloting digital transformation programs.
To complete the study, SAP and Oxford Economics surveyed approximately 400 global C-suite healthcare executives. To access the full report, click here.