This is Naomi Diaz with the Becker's Digital
Health Podcast.
Here's your daily industry news briefing for today,
September 30th.
1st,
less than half of hospitals and health systems
have a formal process to measure return on
investment
for digital health platforms
while only a quarter trust ROI claims made
by vendors
according to marketing intelligence firm, Panda Health.
Here are health systems 10 most important ROI
measures for digital health technologies
per the survey of of 75 hospital leaders
released September 30th.
1st is improved patient outcomes.
2nd is improve patient experience.
3rd is improve quality measures. 4 is increased
revenue.
5 is improved operational metrics.
6 is reduced patient harms.
7 is improved workforce satisfaction.
8 is reduced clinical cost.
9 is reduced administrative cost, and 10 is
clinical time savings.
2nd,
while Judy Faulkner has no plans to retire
from Epic, she has made arrangements for the
company to stay private and employee owned after
she's gone, Forbes reported September 30th.
Miss Faulkner has run Epic since founding it
in a Wisconsin basement apartment in the late
19 seventies.
It has since grown into the market leader
for hospital EHRs with $4,900,000,000
in annual revenue, all without ever taking venture
to capital money or acquiring another company.
Miss Faulkner, still the CEO at 81 years
old, intends for things to stay that way.
According to Forbes, miss Faulkner has all of
EPIC's voting shares, which after she dies, will
transfer to a trust governed by 4 family
members,
her husband and 3 children
and 5 longtime senior manager employees at the
company.
The trust rules forbid initial public offering, sale,
or acquisition,
and set forth that the next CEO must
be a long term Epic employee
and a software developer,
miss Faulkner told the news outlet.
Meanwhile, an independent oversight board made up of
3 of the company's longtime health care clients
will sue anyone who doesn't vote according to
the rules.
Miss Faulkner has also begun selling her nonvoting
shares back to Epic to fund her family
foundation
with those being offered to employees
according to the story.
She told Forbes, quote, eventually, it's going to
be pretty much all owned by employees
and my family, end quote.
3rd,
while consumers are hesitant to utilize generative AI
for their own health research,
they have a strong trust in their physicians
to effectively leverage these these tools in delivering
care, a September 26 survey from Deloitte found.
In March, Deloitte Center For Health Solutions conducted
a survey of 2,000
US consumers to assess their view on AI
and health care. Here are 4 things to
know from the survey.
First is 31% of respondents
expressed
trust in the information offered by generative AI
enabled health and wellness tools, marking a rise
from 23%
in 2023.
2nd is that the skepticism of AI enabled
health and wellness tools come largely from millennials
and baby boomers.
3rd is 74%
of respondents regard their physicians as the most
reliable source of information on their health care
treatment options.
Number 4 is of the respondents who are
not currently using generative AI,
64%
support their health care providers adopting it for
care delivery.
A majority are comfortable with physicians using the
technology to share information on new treatments at
71%
and interpret diagnostic
results at 65%,
and even make diagnosis for conditions and illnesses
at 53%.
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