One of the major trends that can be observed in the healthcare domain of the United States of
America involves the digital transformation in healthcare that has been prompted by the Covid 19
pandemic (Huettenbach, 2022). The pandemic has given rise to new kinds of rules and regulations
relating to social distancing and lockdowns. It has increased the reliance on the digital healthcare
concept to bridge the gap between healthcare service providers and service users. The rising
popularity of the digital transformation in healthcare has the potential to give rise to several
implications relating to the financial management aspects within healthcare organizations such as
hospitals and clinics. Some of the key implications include:
The need to invest money to develop the technological landscape of healthcare organizations. In
order to leverage innovative technology in the digitalized era, it is a necessity for healthcare entities
to establish a robust and well-functional IT ecosystem that can help to integrate technology into
healthcare processes.
Another vital implication that can be observed relating to financial planning is the need to divert
money to develop an effective cybersecurity framework so that sensitive and confidential patient
health information can be protected. In order to have a solid cybersecurity framework in place, it is
essential for healthcare organizations to strategically deploy financial resources to integrate new
kinds of cybersecurity tools and techniques such as intrusion detection and prevention systems,
scanning tools, and antivirus software.
Another key implication of the identified trend is the need to use funds to offer frequent and timely
training and development opportunities to the workforce in the healthcare organizational context. It is
vital to emphasize training aspects and use finance so that relevant educational materials, workshops
and other resources can be used to upgrade the skills, competence and expertise of healthcare
professionals (Huettenbach, 2022). d
According to Erdal, the impact of technology-related trends on healthcare systems has the potential to
have lasting effects on diverse stakeholders (Erdal, 2018). It can influence the quality of care that is
delivered to the patients, and it can also influence the ability of healthcare professionals to showcase
productive performance in the dynamic professional context. Sesa has argued that technology can
positively impact the service quality and the health status of patients (Lopo et al., 2020). d However, in
order to make the most of the digital technologies in the healthcare setting, it is necessary to
strategically deviate finance towards the area so that a well-functional IT-based infrastructure can be
created and supported.
References
Erdal, E. (2018). The Impact of Technology Trends on Healthcare Systems: A Study on
Opportunities and Threats. International Journal of Trend in Scientific Research and Development.
Volume-2. 1574-1578. 10.31142/ijtsrd18901.
Huettenbach, F. (2022, February 21). Council post: The top five trends that are impacting healthcare
right now. Forbes. Retrieved May 4, 2022, from
https://www.forbes.com/sites/forbesbusinesscouncil/2022/02/17/the-top-five-trends-that-are-
impacting-healthcare-right-now/?sh=3ff01c5b2736
Lopo, C., Razak, A., Maidin, A., Rivai, F., Mallongi, A., & Sesa, E. (2020). Technology impact on
healthcare quality of the hospital: A literature review. Enfermería Clínica, 30, 81-86.
