A look at how the COVID-19 pandemic has changed healthcare tech development and how partnering with the right vendor could be your best answer to move forward.
Healthcare is entering a new age where the question isn’t whether to partner — it’s how to choose the best partner to optimize your initiatives. The benefits of partnering are well understood and are being realized at all levels of the industry. For example, hospitals are exploring new relationships to free themselves up to focus on what they do best and improve resource allocation.
If you’re wondering if your organization is at a point where you should consider partnership more seriously, here are the top three signs you should pay attention to.
1. You Need to Control Costs
If you’re projecting the costs of keeping up with new demands and the numbers are looking extreme, it might be time to consider an industry-focused partnership. The level of efficiency needed to reduce costs and boost ROI in today’s world is only achievable through partners who have a deep understanding of the digital healthcare space.
We advise you to do thorough research on the key performance indicators of a partner company prior to starting a joint project. Start from metrics such as the number of defects, which is an important measure of software quality.
Some of the dedicated digital health development companies on the market have made their success metrics available to the public. Vicert, a company that has developed more than 300 health tech solutions, has shown that for $100K of services delivered there were zero P1 production defects and 3 defects in customer QA. Find out more about it here.
2. The Industry Is Moving Faster Than Your Internal Knowledge
How much does it cost you to hire a healthcare tech solutions expert and optimize cohesion? How much time do you burn looking for talent with skills that align with fast-changing technologies like patient engagement portals, EHRs, and clinical-decision support systems?
If either of these questions caused you to pause, there’s a good chance your internal teams aren’t keeping pace with healthcare. Partnerships can give you fast access to skills in spaces like FHIR and HL7, HIPAA compliant messaging, and health cloud solutions like the Microsoft Cloud for Healthcare.
Additionally, remember that your healthcare customers will have specific concerns about the technology you’re developing (like these from hospital CEOs). Are you ready to address them?
3. You Don’t Have Internal Bandwidth
If you have the talent needed in this new world of healthcare IT solutions, but not the capacity, it might be time to consider a partnership. Consider looking in new regions for your “superstar” employees, including reliable locations such as Europe where you can access high levels of world-class STEM graduates and benefit from cultural similarities along with the cost savings of outsourcing.
Boosting your capacity means gaining the ability to take advantage of opportunities emerging in the healthcare market while maintaining invaluable agility. It all comes down to investing in the right team that is capable of producing a scalable and reliable health tech solution. On the topic of investment, the price tag for product improvement is bigger than the cost of increasing your capacity, and costly problems may arise further down the road if you need maintenance.
Over the past 20 years, Vicert has gone through all of the industry’s ups and downs, and has used those experiences to structure strong technical, architectural, and implementation capabilities. Vicert would love to share some of our insights with you to help answer any of your partnering questions. Start here to learn more.
This post has been sponsored by Vicert
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