Everyone is Waiting for Something at ViVE2023

The top story ViVE2023 wasn’t a major product launch, new legislation, or a mega-merger. Instead, the entire industry seems to be waiting for better times to arrive. Vendors are waiting for the economy to turn around. Providers are waiting for labor costs to stabilize. Investors and funders are waiting for companies to show more market traction. Only must-do projects and must-have solutions continue to have momentum. The Big Question Because the Healthcare IT Today team speaks to so many attendees and exhibitors at conferences, we often get asked what we think the biggest or most interesting story is. Normally my answer is the latest policy drop or company merger. Occasionally it’s an unexpected partnership or new product launch. At ViVE2023, none of these emerged as the biggest story. Almost everyone I spoke to responded with a variation of the same statement: “We are not making any significant investments right now, but we hope to in Q3 or Q4 when our financial situation becomes clearer.” It didn’t matter if the organization was a provider, a health IT vendor, a consulting company, or a venture firm. I did not get the sense that organizations are retreating from the market or hunkering down like they did in the early days of the COVID-19 pandemic. At ViVE2023, everyone seemed to be adopting a wait-and-see approach for the next 6 months. Projects that were already underway would continue, but new projects and new investments were on hold, unless absolutely necessar...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Communication and Patient Experience Health IT Company Healthcare IT IT Infrastructure and Dev Ops American Hospital Association healthcare labor costs Healthcare Venture Capital Syntellis ViVE ViVE2023 ViVE23 Source Type: blogs