“Buy, Then Innovate” Talking to many healthcare organizations around the country, it's clear that NEITHER the BUY nor the BUILD option is working in the Buy vs Build choice. When healthcare organizations build software solutions in house, the projects (almost) always take longer and cost more than expected. Fast forward a few years and the original developers have moved on and the organizations are spending millions just trying to update past solutions as they struggle with new regulations, escalating cyber attacks, security patches, technology obsolescence and changing clinician/patient/member needs. When healthcare organizations buy software solutions from vendors, they cannot differentiate from their competitors and their innovation engine shuts down. Every Epic MyChart portal looks and works the same so how can you differentiate your patient/member experience? Every innovation you want to try requires waiting on the vendor's roadmap for months or years. What if there was a third way? A platform that was designed from the beginning such that individual parts could be replaced by healthcare organizations and they could add their innovation at various parts of the workflows themselves. No high costs of building your own solutions! No waiting on the vendor! We call this the "Buy, then innovate" option and this is how b.well built its platform from the beginning. The article below explains this in more detail. Tell me in comments if your organization struggles with the buy vs build options today.
Keeping up with advancements in healthcare tech can be daunting, often leaving healthcare professionals to choose between custom-building or buying off-the-shelf solutions. But what if there was another way? In our latest blog, b.well’s CTO Imran Qureshi unveils the "Buy, Then Innovate" strategy—a balanced approach that reduces costs while enhancing customization. Think of it like buying a livable home and then upgrading appliances over time instead of building from scratch or renting. Discover how this method provides a solid foundation, allowing for tailored enhancements to meet specific needs, and fostering continuous healthcare innovation. Read more to explore how this approach can transform your healthcare technology strategy: https://lnkd.in/gPsaefCi #HealthcareInnovation #HealthTech #DigitalTransformation
Information Technology Lead
1wInteresting concept, thanks for sharing Imran Qureshi! I wonder how does 'Buy, Then Innovate' approach address security concerns and data ownership in healthcare?