Compliance: Why Your Vendor’s Vendor is a Growth Risk
The core challenge for leadership is no longer merely managing direct vendors; it’s the cascading risk of the "nth-party" supplier.
The core challenge for leadership is no longer merely managing direct vendors; it’s the cascading risk of the "nth-party" supplier.
As an industry, we need to ask hard questions. Are delegated vendors delivering on the promise of better, faster, more transparent decisions? Or are they simply moving the pain to another part of the system?
As healthcare continues to become more and more dependent on third-party vendor services, provider and technology entities must remain focused on the risks that their vendors present.
When systems integrate better, every minute saved by removing roadblocks is a minute given back to clinicians and patient care. It’s time for vendors in this space to treat interoperability as a core business strategy rather than a buzzword or another box to check as they’re going through the motions.
The lessons learned and shared by some of the industry’s leaders are exciting, and some clear opportunities are developing. But under the surface, this year, there is something else, and I’m not sure it’s getting enough attention: anxiety.
The conversations in Nashville reinforced the idea that while innovation remains essential, vendors must navigate the fine balance between bold ideas and real-world implementation, demonstrating not just promise but tangible outcomes.
Focusing on comprehensive strategies and embracing flexible technology solutions arms pharmacy leaders to stay ahead of industry changes, connect teams, and integrate information efficiently.
Switching to a new transportation management vendor can bring much-needed relief to member populations and plan staff managing the programs. Here are few tips to help make the transition easier.
One in four providers said that health technology vendors haven’t kept their promises in the past year. KLAS Research debunked four common misconceptions vendors may have about why so many providers feel this way — such as the false notion that employees who weren't part of the purchasing decision feel the most disappointed by vendors or the misbelief that it's better to not make promises in the first place.
Employers are most interested in switching up their vendor partners for wellbeing programs, the Willis Towers Watson survey found. About 55% of respondents said they will make changes to their wellbeing vendor partners in 2023 or 2024, while 12% already did in 2022.
In a landscape where complexity has long been the norm, the power of one lies not just in unification, but in intelligence and automation.
Ransomware attacks had an impact beyond mortality rates as well, with 71% of respondents saying that these cyberattacks drove up lengths of stay and 36% saying they led to an increase in clinical complications.
According to a national survey of health information exchanges, EHR vendors and health systems commonly engage in information blocking. Insights from the survey can help the HHS enforce its soon-to-be implemented information blocking rules, researchers say.
Meditech continues to hold the largest EMR market share in Canada, but it is losing customers — mostly to Epic, which has seen a rapid rise in popularity, a new KLAS report shows. The report delves into market share data and customer satisfaction insights to assess EMR vendors' positions in the Canadian market.
The report, by CRO Worldwide Clinical Trials, shows growing need for early-stage development expertise, with high demand for data quality, efficiency and overall trial management.
A recent survey from Black Book proves the healthcare industry sees the value in blockchain technology. But it also unearths the fact that payers seem more ready and willing to adopt these solutions than providers.