target audience: TECH SUPPLIER Publication date: Jun 2023 - Document type: Market Presentation - Doc Document number: # US49873823
Industry Performance Indices: Worldwide Private Healthcare, 2023
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Abstract
This IDC Presentation includes healthcare industry insights based on analysis of the global 500+ healthcare organizations to determine the financial success of digital transformation (DX) efforts.
It focuses exclusively on private healthcare provider (HCP) organizations, defined by the WHO "as organizations that are neither owned nor directly controlled by governments and are involved in provision of health services." It shows a positive correlation between successfully executed DX and improved revenue and profit outcomes.
"A well-coordinated and synergized digital transformation efforts that are transitioning private healthcare organizations to digital care providers are resulting in higher-than-average returns in terms of revenue and profit performance," says Ravikant Sharma, senior research manager at Industry Insights Group in IDC Asia/Pacific.
"In the post-pandemic era, though almost all healthcare organizations had to adopt digital path, organizational success is defined by the strength of DX infrastructure and governance practices. Digital challengers had to face 'cost of inaction' owing to either delay in digital adoption or by having weak DX infrastructure, losing competitive edge against digital champions, in attaining financial gains," says Manoj Vallikkat, senior research manager, IDC Health Insights, Asia/Pacific.