- The global pandemic is expected to accelerate digital transformation in healthcare
- With capital in the healthcare sector even more constrained as a result of the pandemic, smart financing is essential to enable accelerated digital transformation
- New research from Siemens Financial Services (SFS) estimates the level of funds potentially liberated by smart financing – rather than being ‘frozen’ and illiquid if applied to outright technology purchase
Siemens Financial Services (SFS) has released a new insight study which tracks the pressure on resources in healthcare around the world using its Healthcare Value Indicator model. The paper, entitled Easing the Pressure: Working Smarter in the Healthcare Sector, acknowledges the potential impact of the pandemic on accelerating digital transformation in the sector, adding to pre-existing pressures to deliver more efficient, effective, preventative medicine.
The research evaluates the improvements being achieved in overall patient outcomes, and then combines these factors to give a comparative picture of value delivery in healthcare across fourteen countries.
Value is essentially delivered by ways of working, clinical pathways and technologies that empower healthcare organisations on their journey towards expanding precision medicine, transforming care delivery, improving patient outcomes and experiences, all enabled by digital transformation.
Smart finance is needed to make digital transformation happen in a financially sustainable way. Not only does smart finance make new-generation equipment and technology accessible, it also liberates capital expenditure which would otherwise be ‘frozen’ in outright purchase of technology. By using financing arrangements, these funds remain liquid and available for other urgent and tactical needs.
“Healthcare systems around the world are under greater pressure than ever to transform care delivery,” says Chris Wilkinson, Siemens Financial Services, UK. “While the value of digital healthcare is widely understood, limited capital expenditure budgets represent a significant hurdle for investment. Smart finance can help healthcare management to unlock capital and realise sustainable digital transformation projects.”