TownHall: A Formulary for Taking an IT Budget Down to 4% of Operating Expense with Chuck Podesta
Today on TownHall Reid Stephan, VP and CIO at St. Lukes speaks with Chuck Podesta, Chief Information Officer at Renown Health. How did Chuck take his organization's IT department from 7% of operating expenses down to 4%? Why is it essential for CIOs to evaluate the relevancy and cost-effectiveness of innovation, like AI, against the organization's size and budget? In what ways can managed services be leveraged to achieve both savings and improvements in non-core areas, like nutrition and environmental services? How does focusing on core IT competencies impact other departments or units within a healthcare organization?
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