For healthcare IT leaders, trying to allocate the resources needed to purchase and maintain systems may feel like a battle, but with the right approach and tools, it can become a productive discussion, according to our panelists.
As organizations reopen, leaders must be willing to prioritize based on where the organization is today – not where it was before Covid-19, said our CIO panelists in a recent webinar. “You have to look at things based on the new normal.”
Perhaps the biggest priority for a new CIO – particularly one with limited financial experience – is to “understand your numbers well, and understand how things are calculated,” says Lee Milligan, MD, who recently took on the role at Asante.
Not only will exercising daily budget disciplines help get your team in shape for the annual budget marathon – it will also enable your process to continually evolve so that future changes are taken in stride, says David Bensema.
With healthcare revenues under more pressure than ever, it’s vital that leaders find ways to reduce operating costs – both now and in the future, says Bill Russell, who provides guidance on how to do that.