HIMSSCast HIMSSCast: How tech dealmaking can help with the labor shortage and much more
May 9, 2025
James McHugh, Managing Director at BRG, specializes in healthcare research and consulting. He shares insights on how technology dealmaking can address labor shortages and rising costs in healthcare. McHugh discusses the importance of AI, cybersecurity, and digital solutions in operational efficiency. He explores the landscape of healthcare investments, noting a shift towards AI despite economic challenges. Additionally, he highlights technological priorities for providers heading into 2025, emphasizing the integration of electronic health records and revenue cycle management.
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AI Focused on Labor Solutions
- AI investments in healthcare are primarily driven by labor cost concerns and staffing shortages, not just demand for AI itself.
- Providers are rapidly adopting technology to solve labor issues, balancing efficiency with efficacy.
Use Strategic Partnerships Wisely
- Providers should consider strategic partnerships such as mergers and joint ventures to enhance tech capabilities and address labor challenges.
- Dealmaking is not the only solution; providers can explore various avenues beyond transactions to solve key problems.
Economic Pressure Intensifies Focus
- Economic uncertainties might affect dealmaking willingness, but provider challenges like labor shortages will intensify.
- Providers are increasingly focused on immediate cost-cutting through AI and automation rather than just the clinical applications.