Latest / Becker’s Healthcare Digital Health + Health IT / 'You just can't keep pace': CIOs deal with spike in software vendors, Larry Ellison's cancer startup is shuttering + more

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'You just can't keep pace': CIOs deal with spike in software vendors, Larry Ellison's cancer startup is shuttering + more · Becker’s Healthcare Digital Health + Health IT

• 0:00
  - Welcome to the Becker's Healthcare Podcast.
• 0:02
  We at Becker's are excited
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  to welcome more than 2,500 healthcare executives
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  to Chicago in April For our annual meeting.
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  you'll hear more than 450 elite hospital
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  and health system executives.
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  Share the big ideas and best strategies
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  driving healthcare forward.
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  Visit conferences dot becker's hospital review.com
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  to register or email agenda team at becker's healthcare.com.
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  This event is closed to non-providers
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  unless coming through a sponsorship or exhibit.
• 0:30
  Without further ado,
• 0:31
  here is your daily industry news briefing
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  for today, March 4th.
• 0:35
  First, some CIOs are struggling to keep pace
• 0:39
  with a huge explosion in outside vendors.
• 0:41
  That has con coincided with the hype over ai,
• 0:44
  the Wall Street Journal reported March 4th.
• 0:46
  Besides ai, CIOs are also sifting through a growing number
• 0:50
  of digital tools and are also looking for smaller vendors
• 0:53
  so they don't rely so heavily on a handful of big companies.
• 0:57
  Gartner IT researcher, Steven White told the newspaper
• 1:01
  Carhartt, CIO Katrina, August told the journal quote,
• 1:04
  you just can't keep pace.
• 1:06
  The Workwear company software
• 1:08
  as a service subscriptions are up to 121
• 1:11
  and 2024 compared to 59 5 years ago
• 1:15
  and 20 a decade ago, some organizations have been able
• 1:19
  to shift the other way.
• 1:21
  Pharma Company, Moderna stated, working with a bunch
• 1:23
  of software firms as it raced to get out
• 1:25
  of a vaccine amid a pandemic.
• 1:27
  According to the story, Moderna, CIO, Brad Miller,
• 1:30
  to the news outlet quote, A lot
• 1:32
  of times my business partners were running crazy fast
• 1:35
  because they needed something, so they just went
• 1:37
  and signed licenses
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  and there wasn't really a tech review end quote.
• 1:41
  But since spending more time analyzing costs
• 1:44
  and value, Moderna has decreased its ven vendors from 257
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  last year to 200 this year.
• 1:51
  The newspaper reported second
• 1:55
  Larry Ellison's cancer focused software startup Project.
• 1:58
  Ronan is shutting down. The register reported March 1st.
• 2:02
  The company is set to undergo a permanent mass layoff due
• 2:05
  to its closure, resulting in the termination of as many
• 2:08
  as 150 employees.
• 2:10
  The news outlet reported
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  that Project Ronan received initial funding from Mr.
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  E Mr. Ellison,
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  but faced challenges in attracting paying customers
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  and eventually ran out of funds to sustain its operations.
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  The startup founded in 2018 had an objective
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  to enhanced cancer care by aiding physicians
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  and patients in making more informed decisions
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  regarding treatment.
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  Mr. Ellison is currently the chief technology officer
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  of Oracle, a company he co-founded.
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  Third, Amazon is training an AI chatbot
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  to handle incoming patient messages
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  and address administrative curries.
• 2:45
  For one medical former employees told the Washington Post.
• 2:50
  When asked about this,
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  the company refrain from confirming specific details about
• 2:55
  its AI initiatives.
• 2:56
  For one, medical for the post is February 28th. Story.
• 2:59
  - However, Amazon emphasized its continuous investment in
• 3:02
  technology aimed at reducing healthcare providers time spent
• 3:06
  on administrative task.
• 3:08
  This comes as former employees also told the news outlet
• 3:11
  that Amazon, in response to the surge in telehealth,
• 3:14
  patients initiated the rerouting of inbound messages
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  through a central call center known as mission control.
• 3:21
  But due to the recent reduction of some front desk roles
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  during the Amazon layoffs,
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  mission Control experienced an initial influx
• 3:29
  of additional calls as indicated an employee Slack messages
• 3:32
  were viewed by the Post One Medical,
• 3:34
  told the news outlet mission control wasn't overwhelmed
• 3:38
  and that the new system is improving response time.
• 3:41
  Are you interested in engaging in dynamic conver dynamic
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  conversations with hundreds of top health system executives
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  Join us with 300 plus sponsors
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  and exhibitors at the Becker's 14th annual meeting April 8th
• 3:55
  through the 11th in Chicago.
• 3:57
  Email Jessica Cole at jCole@beckerhealthcare.com
• 4:00
  to reserve your spot today.