Sign In

Milly Wang

Vice President @ 65 Equity Partners | Private Equity

Milly Wang is a highly accomplished professional with a strong educational background and a wealth of experience in the finance and consulting industry.

Highlights

Mar 21 · linkedin

Reflecting on insights from HIMSS2024 last week - would love to chat and exchange thoughts on the evolution of priorities within the healthcare industry.

Last year, healthcare leaders focused on the impact of economic fluctuations on healthcare, value-based care, and the digital transformation of health systems. This year, the narrative continued to unfold, with a renewed focus on building the digital healthcare ecosystem of the future. The highlight? Seeing the tangible applications of AI within the healthcare landscape.

Key Themes for 2024

  1. 🌿 Sustainability of practices and health systems 🌲

Challenges in the healthcare industry persist amidst the aftermath of COVID and recessionary pressures. Burnout is high – 1 in 3 nurses and 1 in 5 physicians reported burnout over the past two years. This is in conjunction with staffing shortages, with a projected 10-20% gap by 2025. High labor costs and inflation underscore the urgency for sustainable solutions within healthcare systems. Addressing issues like interoperability, delivering seamless omni-channel experiences, navigating regulatory changes, and tackling health inequities are paramount for healthcare leaders striving to maintain practice sustainability.

  1. 💻 Harness the power of AI to drive transformational change 🔢

The era of AI hype has given way to concrete partnerships with tech companies, ushering in a new wave of AI-enabled tools within health systems. From generative AI to LLMs, healthcare institutions and professionals are leveraging AI to streamline administrative tasks, enhance operational efficiencies, and ultimately, deliver superior patient care. Use cases include AI-driven chatbots to enhance the patient experience, note taking support, solutions to help radiologists prioritize review of critical cases, detection of advanced kidney disease sooner to improve outcomes, optimize OR scheduling to fill in gaps, and training students and interns. AI is proving instrumental in boosting workforce productivity and mitigating burnout.

  1. 👩‍⚕️ Driving continued improvement in care outcomes 🏥

The relentless pursuit of better patient outcomes remains at the forefront of healthcare leadership. Leveraging data and technology, healthcare providers are enhancing care delivery, augmenting patient experiences, and managing transitional care within the care continuum. From medication adherence to personalized and virtual care, healthcare leaders are navigating a landscape increasingly reliant on data and AI, underscoring the vital importance of cybersecurity in safeguarding patient information amidst this digital transformation.

See you at HIMSS next year!

#HIMSS24 #healthcare #HCIT #AI #Data #Digitaltransformation #privateequity

Mar 12 · linkedin

Attending HIMSS 2024 to hear from healthcare thought leaders on the current landscape, challenges, new innovations, and opportunities. If you're also here, let's connect - please drop me a note!

#HIMSS2024

Milly Wang
Add to my network

Location

San Francisco, California, United States