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Cio's Role In The Healthcare Industry

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Introduction of healthcare Healthcare industry is one of the world’s largest industry. This industry comprises several participants such as hospital, healthcare equipment manufacturers, pharmaceutical manufacturers, health insurance firms and other human health organizations. It is a huge but fragmented industry since different participants have its own production and ways to generate profit. No single company has huge impact on the whole industry. The traditional business model for healthcare industry is called “fee-for-service” structure. As the information more and more used in our daily life, the participants of industry now reconsider the way they do business. Now more and more companies in this industry start using information technology to help them connecting with patients, providing more specific and customized services. Their revenue model transform from “fee-for-service” structure to value-based structure. All of this change rely on the the information of patients. For healthcare industry, the most important thing to consider is to use the IT more properly to suit the company’s own strategies. Therefore, CIO is an important role to accomplish this goal. Role of CIO …show more content…

At first, CIO was not existed in this industry. Companies or hospitals provided service or production to all customers and calculate fee according to the services. Then, CIO’s primary responsible is to managing and maintaining IT infrastructure or to working on the basic data entry. Nowadays, with more and more technology applied in this industry, CIO is highly demanded and important than ever. They must be business and strategy focused and also have technology background at meantime. Therefore, they can properly use information technology to match the strategy of

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CHAPTER 1 INTRODUCTION: 1.1 Industry Profile: The health care industry is also called as medical industry or health sector. The health care industries are one of the fast-developing industries in the world. It is one of the economical segment, which offers medicines, drugs and various other services for treating the patients. This sector is considered as the social sector and is monitored by the State and Central Government.

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