543 - Developing a Business Case for Advanced Patient Flow. Nick White, Alcidion

In this episode of Talking HealthTech, host Peter Birch speaks with Nick White from Alcidion about the challenges, strategies, and frameworks involved in developing business cases for digital technology initiatives in healthcare, with a particular focus on patient flow.Nick shares his experience on aligning technology adoption with organisational priorities, the complexity of healthcare funding and stakeholders, and ways to evaluate and communicate the impact of digital solutions, including real-time data platforms and AI capabilities.Key Takeaways:💼 Business cases in healthcare are complex due to the critical nature of outcomes, the many stakeholder groups, and unique funding models.🗣️ The aim is to explain, not justify, the rationale for adopting digital health solutions, ensuring alignment with strategic priorities rather than merely convincing stakeholders.😷 Patient flow is a national priority in Australia, presenting challenges such as ageing populations, staff shortages, and resource constraints that require better decision-making tools and operational workflows.👩‍⚕️Unlike other sectors, healthcare business cases must balance quantifiable financial benefits with intangible benefits like patient experience, staff wellbeing, and clinician workflows.🏛️ Frameworks like the quadruple aim (patient experience, population health, financial impact, and clinician experience) help structure business cases to reflect the multi-faceted value of technology.🔍 Using independent impact studies and evidence-based research is key to substantiating expected benefits and outcomes in business cases.♒ Ripple effects, such as reductions in length of stay or administrative burden, can free up resources elsewhere in the system, but translating these benefits into financial figures can be nuanced.💡Strategic alignment with existing technical architecture and organisational direction is essential to avoid unnecessary complexity and to maximise the impact of digital investments.🩺 Clinician engagement and change management are crucial, with a focus on making improvements that support, rather than disrupt, patient care.🤖 The future of patient flow technology involves greater AI integration, advanced mobile capabilities, and real-time information delivery at the point of care.Check out the episode and full show notes on the Talking HealthTech website.Loving the show? Leave us a review, and share it with someone who might get some value from it. Keen to take your healthtech to the next level? Become a THT+ Member for access to our online community forum, meet ups, special offers and more exclusive content. For more information visit talkinghealthtech.com/thtplus