We live in a fast-moving world. The ever-increasing pace of technological advancements, rising costs, and new entrants means healthcare companies need to be responsive, nimble, and able to find effective methods to embrace innovation and seize more opportunities than ever before. Additionally, they must be able to provide the highest level of patient care while staying in a lucrative business.
Being agile has been an increasingly crucial ability for some time now, considering the industry’s turbulence, complexity, and expediting speed of change. However, embedding and accelerating innovation in healthcare is complicated. In such an environment, healthcare providers have to adopt the pursuit of agility — an organization’s ability to adapt quickly and successfully in the face of rapid change — or risk being left behind.
What is Agility?
Agility is the capability to respond to advancement, innovation, and change. Business agility is the most imperative aspect for a business to succeed, as the world around us is transforming faster than ever. Business agility reacts to volatile customer demands, market conditions, new technology entrants, legislation, and client perceptions. Keeping one step ahead of the game requires the competence to respond promptly to the adjustments when needed. This is exactly where agile comes in.
Why is Agility Integral for Healthcare?
Various healthcare companies have struggled to keep up with the perpetual business landscape. Therefore, the pursuit of being agile has taken on increased importance. Truly agile software development companies are characterized by resilience, quick decision making, and empowerment to act. Basically, agility enables healthcare organizations to adapt instantaneously without needing an exhaustive redesign.
In various industries, the most successful organizations are the ones that have managed to crack the paradox of agility: balancing a stable foundation of core processes and capabilities with the capacity to dynamically redeploy those abilities to address arising challenges and opportunities. In different scenarios, organizations that lack a stable backbone generally experience calamitous results.
The concept of agility is especially pertinent to healthcare, which has endured enormous upheaval in the past couple of years. The industry maintains strong growth, although the financial and regulatory challenges have increased significantly. With the immensely growing pressure on healthcare services, there is an urgent need to move towards becoming agile and efficiently managing resources and services.
The Benefits of Adopting Agile in the Healthcare Industry
- Staff engagement. Empowering people by letting them work in self-managed teams makes them more engaged in their work, and consequently, they provide a much better quality of patient care and make significantly fewer mistakes.
- Focus on the clients. Agile’s priority is focusing on customers and getting frequent feedback so the healthcare companies can benefit from ceaseless improvements.
- Reduced risks. Due to utilizing agile, risks can be estimated very early in the process because of the iterative approach.
- Quicker ROI. Results are delivered considerably faster with each iteration.
- Advanced performance transparency. Implementing agile ensures improved transparency in both clinical and non-clinical areas.
The healthcare landscape has transformed dramatically in recent years and many more changes are lying ahead. Healthcare providers need to organize themselves better in order to respond efficiently. The agile approach, if embraced by healthcare companies, will enable new agile health practices, allow care to be more adaptive and responsive to innovations, improve care processes, and adopt new technologies more productively to enhance patient care.