Health care technology touches every aspect of a health system’s clinical and non-clinical operations. It also represents a growing share of capital and operating costs. This reliance on technology will only increase as we evolve into a pay-for-performance world.
We help hospital and health system clients structure innovative relationships with key technology vendors that align interests and share risk with committed results. In recent years, IHS and Faegre Drinker have helped our clients:
- Structure strategic relationships that place the strategic partner at risk for improving overall financial performance through a combination of new technology, improved operational and clinical integration, workflow optimization, and capacity optimization.
- Develop new lines of clinical and non-clinical data-driven services to be offered to other hospitals, health systems and community providers.
- Leverage technology solutions to support broader strategic goals related to integrating with other hospitals, health systems and non-employed physicians.
- Find opportunities to commercialize and monetize technology initially developed to address our clients’ own needs.
Among the technologies we have assisted clients with are:
- Electronic Health Records (EHR) and Electronic Medical Records (EMR)
- Population Health and Care Management Systems
- Integration Platforms and Engines
- Discharge Planning and Care Management
- Real-Time Data Analytics
- Predictive Analytics
- Billing, Revenue Cycle Management and Accounts Receivable Systems
- Enterprise Resource Planning (ERP)
- Human Resource and Talent Management Systems
- Purchasing Systems.
Capital Equipment and Services
The cost of purchasing, leasing and servicing clinical and ancillary equipment continues to grow. For nearly 30 years our lawyers at Faegre Drinker have assisted our clients in structuring relationships with equipment and service vendors to establish an efficient process for procuring equipment and services with discount and pricing structures that drive significant quantifiable savings in up-front capital costs and ongoing expenses.
These strategic relationships have included the procurement and servicing of:
- Diagnostic imaging equipment
- Catheterization labs
- Linear accelerators and stereotactic radiosurgery equipment
- Treatment planning pystems
- Robotic-assisted surgery
- Medication dispensing
- Patient monitoring
Outsourcing of Non-Clinical Services
As health care providers look for ways to contain costs and focus on the delivery of clinical care, many of our clients are searching for ways to outsource non-core services such as IT or IS services and equipment maintenance and repair services (e.g., clinical engineering or biomedical engineering services). In many cases, the difficulties and costs in recruiting, training and retaining qualified personnel make outsourcing a practical necessity.
Over the years we advised our clients on structuring and negotiating outsourcing arrangements that ensure guaranteed performance and committed savings for:
- Information system/Information technology services
- Infrastructure services
- Help desk
- Equipment service
- Biomedical and clinical engineering services
- Back-office services
- Billing and collection services
- Legacy system support.