Does Your Healthcare Organization Need Consumption-Based IT?

HealthTech Magazine

Kevin Joy

As healthcare organizations work to cut costs and deliver services amid shrinking revenues and high patient traffic during COVID-19, leaders might identify where scalable, pay-as-you-go IT infrastructure could help.

U.S. nonfederal hospitals lost approximately $161.4 billion in revenue during the four months after the pandemic was declared, the American Hospital Association notes. And nearly one-third of healthcare executives plan to cut IT spending in the next 12 months, according to an October report by the Healthcare Financial Management Association.

Beyond maintaining continuity during a health crisis, another challenge persists. Teams must explore and deploy innovations such as...

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