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Now more than ever the healthcare industry should be looking into services such as technology expense management. Due to our current conditions caused by the 2020 pandemic, a new opportunity for rural healthcare organizations makes adopting TEM easier than ever. The Healthcare Connect Fund offers a 65% discount to those that qualify.
Healthcare organizations have a number of unique requirements when it comes to their hardware and tools due to industry regulations. There are three essential features that a telecom expense management software should have for these organizations.
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Each year we’re trying to do more with less. Especially within the healthcare industry. More specific to the IT department, telecom budgets are expected to reach $100 billion in the healthcare industry by 2017.
Meet Pete, one of Valicom’s most tenured telecom managers, in our latest telecom expense management (TEM) resource. Today we share our ‘TEM for Healthcare’ Q&A session. Pete sat down with me to chat about his most notable client industry vertical, healthcare. Here what he had to say about the pressures healthcare systems are feeling to become leaner and more efficient – and where TEM comes into the mix.
Healthcare is an industry we see again and again having the biggest impact through TEM initiatives. Why? Because the healthcare industry as a whole is constantly forced to do more with smaller budgets. What that means is tightening their spending belts wherever they can. For the IT department, that’s where proper telecom expense management comes into play.
Today more than ever, healthcare organizations are trying to do more with less. Budgets are dissipating, costs for care are rising, and compliance is becoming more difficult. Healthcare systems are joining forces, through mergers and acquisitions, to share costs and become more lean. This is where the complications begin, and where telecom expense management, specifically TEM in healthcare can play a critical role in deciphering and controlling IT and telecom costs.
The HFMA newsletter had a great article calling out the need for wireless expense management in its latest issue. This is a challenge we see as well, with our healthcare clients. Industry stats show that healthcare spending on telecommunications is expected to increase by 44 percent over the next three years, approaching a cost of $12.4 billion by 2013. As newer and faster smartphones and tablets hit the market, monthly fees and data plans increase, and vendors merge and maneuver, the complexity of managing wireless gets harder every year.
The healthcare sector is among the top three industries seeing the heaviest adoption of the iPad for business use, according to data from Good Technology, a Redwood City-based provider of multiplatform enterprise mobility.
In today’s economy, any way to trim fat from the bottom line is a welcome activity. As clinic and hospital professionals, the focus is often concentrated on the health care side of spending, not the technology end. But as technology needs become more and more complex, there can be great opportunity for savings through better management of telecommunication costs. Problems like overpayments, errors, or poor inventory tracking of your land lines, circuits, pagers, “smart” phones, and data plans could be wasting a lot of your annual budget.
