Presenter: Eric Carey
Organization: Valley Health System, Ridgewood, New Jersey
In today’s healthcare environment, we are being overwhelmed with new technology options. Artificial Intelligence (AI) seems to be in every system on the market. We don’t have the resources to implement every new system. Our internal customers are being encouraged to implement systems that will solve “all” of their problems. These systems purport to improve operations, reduce staff costs, provide higher quality outcomes, and are often said to include other amazing value.
If all of this is true, what are the specific ROI metrics that the vendors will commit to improving?
Are these metrics ones that our health system agrees need to be improved?
Will the improvement in the metrics actually provide ROI that is acceptable.
Without gaining organizational agreement on an acceptable ROI value, why implement?
In this session we will review processes to embed ROI requirements and tracking mechanisms into projects that will aid product evaluation, selection, implementation, and show value outcomes. Ultimately, the goal is to optimally invest in technology that brings validated value to your organization.
Eric Carey, Vice President and CIO for the Valley Health System, has been at Valley for over 31 years. Valley is located in Northern New Jersey and services both Northern New Jersey and Southern New York. Valley provides healthcare services in over 60 locations. Valley opened its new hospital in Paramus, NJ on its 40+ acre Paramus Campus in April of 2024. The previous hospital campus is being repurposed to provide a myriad of services, including same day surgical services, Recovery and Wellness services, outpatient Diagnostic Imaging, outpatient Lab, Community Care clinics, Graduate Medical Education (GME), Skilled Nursing Services, and much more. Valley welcomed its first classes for Primary Care and OB services into its new (GME) program in July of 2024, and they are starting a surgical program this year. As VP/CIO, Eric is active as a member of the Executive Staff Team. He oversees Information Systems, Telecommunications, and Clinical Engineering. The technology teams consist of about 200 team members who provide 24/7 services for the entire Valley Health System. They are using MEDITECH Expanse and have been a MEDITECH customer since 1995.