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Digital tech boosts hospital revenue

This article was originally published in The Gray Sheet

Executive Summary

"Digitally advanced hospitals tend to have reduced length of stay, increased quality of care and increased revenues," according to a March 7 PricewaterhouseCoopers report. Entitled "Reactive to Adaptive: Transforming Hospitals with Digital Technology," the report defines a digital hospital as having "a completely automated and deeply integrated set of health information services capabilities that fulfill clinical, financial, and administrative requirements." Medical devices, digital radiological image management solutions, and patient and equipment tracking solutions also compose core digital technologies. The report is based on an analysis by PWC and HIMSS Analytics of 36 hospitals considered to be digitally advanced; PWC also worked closely with the Indiana Heart Hospital...
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