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Updated: May 24, 2026
07:40
Advanced Workflow for Taking High-Quality Increment Cores - New Techniques and Devices
Published on: March 10, 2023
Don't lose money with your technology upgrade.
Richard B Miller1, Brian B Sanderson
1University of Chicago Medical Center, Chicago, USA. richard.miller@uchospitals.edu
Summary
Implementing new hospital IT platforms can decrease revenue if adoption teams neglect downstream financial impacts. Proactive finance department involvement in IT system design and testing is crucial for protecting hospital revenues.
Area of Science:
- Health IT
- Hospital Financial Management
- Information Systems
Background:
- Hospitals nationwide are experiencing revenue declines following the implementation of new financial and clinical IT platforms.
- A common cause is the failure of adoption teams to anticipate the impact on downstream revenue streams.
Purpose of the Study:
- To highlight the financial risks associated with IT platform implementations in hospitals.
- To emphasize the necessity of integrating finance departments into the IT system development lifecycle.
- To provide recommendations for mitigating revenue loss during and after IT system changes.
Main Methods:
- Analysis of revenue trends in hospitals post-IT platform implementation.
- Review of IT adoption team strategies and their impact on financial outcomes.
- Identification of critical intervention points for finance departments within IT projects.
Main Results:
- IT system upgrades, while potentially fixing some issues, can introduce new complexities that exacerbate existing process problems if not addressed upfront.
- Lack of financial planning during IT implementation is directly linked to revenue reduction.
Conclusions:
- Finance departments must be actively involved in the design and testing phases of all IT system changes, including nonfinancial systems.
- Early and continuous financial oversight is essential to safeguard hospital revenues throughout the IT implementation process.
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